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Maticprediction

MATIC looks tired MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline. A good strategy is repetitive, and even boring. Keep it simple and efficient.
COINBASE:MATICUSDShort
by JC7USA
2
MATIC → Polygon Pullback to $0.35 then $0.70? Let's Answer.Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC? How do we trade this? 🤔 As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving us below the Support Zone at a low of $0.50. We now see the price finding support in this area, and it has yet to show signs of strength. It's not reasonable to enter a long here given that we lack a strong bullish candle close. We need to wait for a strong candle at this support area, but I believe it's more likely we will fall to the triangle low of around $0.31. Look for a signal and confirmation candle in this area then enter a long. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in MATIC. A final point of data is the RSI low and above the moving average of around 37.00. This indicates we are into the swing high and a long entry at this stage is warranted. 💡 Trade Idea 💡 Long Entry: $0.40 🟥 Stop Loss: $0.27 ✅ Take Profit #1: $0.53 ✅ Take Profit #2: $0.66 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two legs up toward a resistance zone in a triangle 2. Resistance met at $1.25, two legs back toward the triangle low 3. Look for a break below the triangle to the triangle low 4. Long entry justified after strong bull candle close near triangle low 5. RSI at 37.00 and below the moving average. Supports a long entry 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
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by TraderEngineering
2
Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser. In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders. In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea. On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs. What will happen this time? Write your thoughts in the comments.
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by P_S_trade
7
MATIC → Polygon Pullback then Bounce to New Highs? Let's Answer.MATIC has been caught between a trading zone since November but has finally touched the Support Zone and bounced back above the Daily 200EMA. Should we long here? How do we trade this? 🤔 The Support Zone was touched and a strong bounce led the price back above the 200EMA. We are currently hovering between the Daily 30EMA and 200EMA with no clear signals to buy or sell. The RSI is around 46.00 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio and a buy signal, which requires the price pullback a bit more before we can enter the market. We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $1.092. Target the $0.735 price area for an entry and place a stop loss below the previous low in the Support Zone around $0.655, the first Take Profit at $0.815, and the final Take Profit around $0.975 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits. The first take profit is placed around the 30EMA zone since it may act as resistance. The second take profit is placed just before $1.00 where there has been a few failed attempts to break it since November. 💡 Trade Idea 💡 Long Entry: $0.735 🟥 Stop Loss: $0.655 ✅ Take Profit #1: $0.815 ✅ Take Profit #2: $0.975 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Trading range after a bull run justified long bias. 2. Contact with the Support Zone followed by a bounce. 3. Price hovering between 30EMA and 200EMA, wait for pullback. 4. Look for long entry around $0.735 for a 1:3 Risk/Reward ratio. 5. RSI at 46.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
MLong
by TraderEngineering
MATIC → Polygon Breaks Resistance! Should we Long or Short? MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short? How do we trade this? 🤔 We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and successfully tests the Support Zone, then it's reasonable to long scalp to the next Resistance Zone at $1.19. If we break below and re-test the Support Zone as resistance, it's reasonable to short scalp near the Support Line. Bitcoin is also at a crucial point in the market cycle, we need to see if it falls or breaks out to and above $46,000. Bitcoins direction could (and probably will) drag the alt market with it. We need that confirmation to have enough probability to enter a trade. We're stuck in limbo without a clear direction at this point and should remain on the sidelines until more price actions prints on the screen. 💡 Trade Ideas 💡 Short Entry: $0.93 🟥 Stop Loss: $1.00 ✅ Take Profit: $0.86 ⚖️ Risk/Reward Ratio: 1:1 Long Entry: $1.065 🟥 Stop Loss: $0.970 ✅ Take Profit: $1.160 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Broke Above Previous High, Testing for Support. 2. If Price Falls Below Support Zone and Fails Re-test, Short. 3. If Price Rises Tests Support Zone and Closes, Long. 4. RSI around 61.00 and above Moving Average, Short-term Bias to Long. 5. Keep an eye on Bitcoins Price Movement as a leading indicator. 💰 Trading Tip 💰 Don't trade without clarity. If the price action isn't giving you favorable probability or optimal entries, don't trade it. You will be far wealthier by waiting on the sidelines. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MLong
by TraderEngineering
MATIC → Ascending Triangle Breakout? Or Rejection to $0.60?MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level? How do we trade this? 🤔 To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of profit is far too low and the stop loss would have to be placed too far away (bad Risk/Reward). After breaking the Resistance Zone, a protective stop should be placed just below it and a Take Profit at 1:2 Risk/Reward is reasonable. A short position could be available much sooner if the price is rejected a third time at the resistance zone and falls beneath the Daily 30EMA. What we need is a sell signal bar and confirmation closing on or near their lows, below the 30EMA, and the RSI below the Moving Average. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $0.885 🟥 Stop Loss: $0.955 ✅ Take Profit: $0.755 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $1.017 🟥 Stop Loss: $0.937 ✅ Take Profit: $1.177 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bullish Pattern! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI at 53.00 and Below Moving Average. Bias to Short. 5. Wait for break of resistance zone to Long. Short if Rejected. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
MATIC → Clear Shot to $1.00!? This Chart Answers that Question.Polygon broke out of the 200EMA resistance and ran to the upside to flirt with the $1.00 price point in mid-November. We've now seen a two-legged pullback from that price and a double bottom seems to have formed. Does that mean we're ready to try for $1.00 again? How do we trade this? We do have many of the required conditions to get long! But we do need to wait on one more condition to give us the optimal probability for our long trade. A bull candle closing on or near its high is the final step and it looks like the current Daily candle could deliver! Once you see that close, it's reasonable to get long and go for a standard 1:2 Risk/Reward ratio, protective stop below the Daily 200EMA and set a profit target around the previous high of $0.95. Also, be prepared for the bullish scenario to fail. Keep an eye on Bitcoin as a leading market indicator to see if it succeeds in breaking the Weekly Resistance. If Bitcoin reverses at the $39,000 - $40,000 level, watch MATIC's response closely and be prepared to get out of your long. Look for a strong bear bar closing on or near its low with followthrough. Trade Idea Long Entry : $0.77 Stop Loss: $0.70 Take Profit: $0.91 Risk/Reward Ratio: 1:2 Key Takeaways 1. Bull breakout of the 200EMA, Trending Bull! 2. Followed by Two-Legged Pullback, Ended Nov 23rd. 3. Double-Bottom Reversal, waiting for close of Strong Bull Candle. 4. RSI above Moving Average and around 55.00. Bias to Long. 5. Watch MATIC and Bitcoin for reversal signals, use caution. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
MLong
by TraderEngineering
MATIC Another Leg Down? Or Will We Bounce To The Upside?MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside. How do we trade this? In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall. Key Points 1. Bear Channel, Bias to Short. 2. Two Pushes Down, Looking for a Third! 3. The 200EMA may act as support. 4. RSI around 45, Indecisive. 5. Third leg down, small position Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
MShort
by TraderEngineering
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above. We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live: Entry = $0.636 Stop = $0.5582 (-12%) Take Profit = $0.9595 (+50%) Potential profit/loss ratio = 12/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
34
What will be the destiny of MATIC ?IT'S NOT FINANCIAL ADVICE I WANT TO PRESENT WHATEVER IS IN MY MIND. SO IT'S JUST A PERSPECTIVE *********************************************************** Hi guys, this is my overview for MATICUSDT, feel free to check it and write your feedback in the comments, AND don't forget to share this analysis with your friends. Are you ready? LET'S GO Hello. new day, new analysis. at this time I want to dedicate an analysis of #MATICUSDT to you. to draw a Parallel channel you need two points at the bottom and one point at the top. I use Fib Channel because I needed to show you the second top of the channel. I drew a channel and as you see we have a nice reaction to the top of the First channel and finally, it's broken. after Pull-back the price moved into the second channel and sometimes the midline stopped the price and a resistance zone and sometimes it works as a support zone.I believe that it's not necessary to explain. the main content is we broke the bottom of the second channel (top of channel one) and the price dropped. and it's confirmed. so we should wait to re-action of the price to the midline of channel one.(red line = 0.5 ) in the price of 37-42 Cent. if this zone could not hold the price, the next target is the bottom of the channel at 12-14 Cent. if you can keep my secret, I wanna tell you something. i puted my orders in the 3rd zone (12-14 Cent) it's the best position to buy and hold for the long term. I believe that the future of MATIC is bright. so, don't lose this opportunity. *********************************************************** please write your comments below and tell me what you think about the future of #MATIC ... do you agree with me? and don't forget to share this analysis with your friends. Sincerely Yours
MShort
by ho3einmnd
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price. The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely. It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future. Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
45
Matic Price Analysis 4 HOUR CHART Hello and thanks for taking a look! So here we see that Matic is coming up to a very important/ STRONG resistance LVL that NEEDS to be switched to SUPPORT IF the COIN wants to head up Higher to the upside. We must get above the 1.0354 LVl. Then a possible target could be around the 1.123 LVL ON THE FLIPSIDE If we can't break this RESISTANCE We could see the coin drop back down to test the .97 - .92 LVLS AND lower. This is just my simple quick opinion on the coin :) HAVE an AMAZING day out there guys!
MLong
by owenNations
2
MATIC is in danger, it will DUMP hard!Hello, everyone! Let’s continue to analyze the most dangerous altcoins which showed the greed during the bounce on the Bitcoin. Today it’s MATIC time. It now has the most dump potential. I suppose that the market maker created the fake growth on this altcoin to show other traders the illusion of the asset’s power. Of course it’s fake and MATIC is going to break or at least test it’s bottom at $0.33 and I will show you why. Let’s go! Let’s take a look at the 1D time frame of the MATICUSDT of the WhiteBit exchange. The bottom at $0.33 was the end of the wave 3 as on the entire crypto market. The corrective wave 4 retraced this wave with the zigzag correction. Zigzag correction usually consists of wave A (5 waves), wave B (3 waves) and wave C(5 waves). You can see on the chart how perfectly the market structure for MATIC corresponds to this theory. One question you can have is why the wave 5 did not break the wave 3 top in the wave C. I can explain it because wave 5 could be trimmed. It’s OK for the altcoins. Now the price is drawing the wave 5 and I suppose the the sub wave 3 of this wave is in progress. The minimal target for the wave 3 is the $0.61 – 1 Fibonacci extension level, but I think MATIC will hit $0.3 again because the 1.61 Fibonacci placed right here. Best regards, Ivan _______________________________________________________________________ Guys, if you like my analytics, please support me with your boosts and comments!
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by Skyrexio
20