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Maticprediction

How Much Bullish Matic Network Can Be???Hi friends hope you are doing well today I want to talk about the Matic network, how it is turning bullish and how much the mainnet launch at the end of May can affect the price action of Matic token. The mainnet launch of Matic network is expected on 31st May 2020. Therefore the current bullish move of the Matic can be different from the previous bullish rallies and we can expect some exceptional moves in the price action of Matic network. Like we have recently witnessed in case of Tfuel. Movement within the channel and bullish signals: Now let's watch some technical analysis and on the daily chart it can be easily seen that the price action of Matic network is moving in a parallel channel since December 2019. The movement of the price action within this channel is very much synchronized with stochastic and directional movement indicators. If we take a closer look on the chart then it can be observed that whenever the price action hits the support of this channel and stochastic gives bull cross and the positive directional indicator (+DI) crosses up the negative directional indicator (-DI) the price action moves up and reaches up to the resistance of this channel. This time again when the price action reached at the support of the channel then stochastic gave bull cross and the positive directional indicator crossed up the negative directional indicator on 6th April 2020. Then we have witnessed a sideways move then finally the price action of Matic network turned very strong bullish and rallied more than 85% sofar. At this time the ADX of directional of movement indicator is at 40. That is showing the power of bulls and even though the stochastic is moving down and has given bear signals but the ADX is not moving down. So we can expect if the candlesticks will be closed to the resistance of the channel and the stochastic will again give the bull cross from here. Then the price action can break out the resistance at any time. Can we expect a breakout like it happened in previous channel? Here I would like to recall the previous down channel that was formed by the pricline of Matic network. The price action was moving within that channel from July 2019 to November 2019. At that time the price action was also very much synchronized with these two indicators. The stochastic indicator and Directional movement indicator. And If take a look at the final move of the price action then we can notice that when the priceline of Matic reached at the support on 26th October and the Stochastic gave bull cross on 5th November then on 14th November 2019 the positive directional indicator crossed up the negative directional indicator. Then price action turned bullish and after breaking out the resistance of the down channel a bearish candlestick was appeared just above the resistance of the channel. At that time the stochastic also gave the bear cross from overbought zone but again the stochastic gave bullish signal and we have witnessed more than 260% bullish rally. At that time the ADX line of directional movement indicator that was showing the power of bulls did not drop down. Even though the stochastic had given the bear cross. Now the similar move by the ADX and stochastic is happening in current channel as well. The only difference is that the bearish candlestick in the previous channel was appeared just above the resistance of the channel and this time the bearish candles are appeared just below the resistance. Cup & Handle patterns the bullish reversal signal: On the same daily chart we can also observe that the price action of Matic network is forming cup & handle patterns with the continuation. The previous cup was started from December 2019 and ended on Feb 2020. After the completion of cup the priceline moved down for the handle formation and retraced upto 0.618 Fibonacci level. That is the golden ratio of the Fibonacci retracement. And completed the handle of the cup. The it turned strong bullish now from March up till now the price action has formed another cup and at this time it is moving down to form the handle of the cup. So far it is not retraced even upto 0.382 Fibonacci therefore I am expecting that it will be retraced between 0.382 to 0.618 Fibonacci level to form a perfect handle of this cup. And as we know that this is the bullish reversal pattern. Therefore we can expect a very powerful bullish rally after the completion of this pattern. That can lead the price action to the breakout the resistance of the channel as well. Simple moving averages are turning strong bullish: On the daily chart the simple moving averages are also turning bullish. I have placed simple moving averages with the time period of 25, 50, 100 and 200. If we take a look back in October 2019 then it can be clearly seen that when the 50 simple moving average crossed up the 100 simple moving average and formed a golden cross the Matic turned very strong bullish and produced more than 260% rally. At that time the 200 simple moving average was not available as per binance exchange. Therefore I am noticing the golden cross between 50 and 100 SMAs. Now if we move back to the current situation then 50 simple moving average again moving up to form a golden cross with 100 simple moving average. And after this cross it can also form a golden cross with 200 SMA as well and that is considered as a very strong buying signal. Moving averages on long term: Now I would like to take you to the long-term chart to show you how much the matic is bullish on weekly chart. Here I have placed the moving averages with the time period of 7 and 25. On the weekly chart these two moving averages are very useful. I have noticed that especially on long-term charts these moving averages really work very well to identify the bearish and bullish trends. Now let's move back to the topic again and on this weekly chart we can see that the 7 moving average formed a bull cross with 25 simple moving average on 11th November and after that the price action rallied more than 160%. Now this is happening second time in the history of Matic network price action as per binance exchange that the seven moving average has cross up the 25 simple moving average again. Therefore we have very strong support of these moving averages on long term and this bull cross can produce a very strong bullish move that can lead the priceline of Matic network to achieve the higher than the previous highest price level. However the stop loss strategy is really very important to enter in such bullish trades. Therefore you should use any stop strategy before buying the Matic network. Or you can also useuse 200 SMA for this purpose. Contusion: Even though the price action has reached at the resistance of the channel but the bullish patterns and the moving averages are signaling for the break out. However if the price action will break down the 200 SMA then it may retest the channel support again. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MLong
by moon333
4
MATIC NETWORK/BTC : Long overdue Breakout to Upside (BUY NOW)MATIC has been ranging in the 0 to 0.236 Fibonacci Level for a long time since 12 March 2020, recently broken out of the channel on 13 May 2020 with HUGE BUY VOLUMES. Now, MATIC has went close to the 0.382 Fib level and I expect it to retouch the top of the channel line @ 0.236 Fib Level, before going on its BULL RUN towards highs of 0.5 or 0.618 Fib Levels as shown in the chart. As always, remember to place strict stop losses and trade carefully. Other altcoins I would be keeping a watch on would be -TOMOCHAIN -THETA -LITECOIN As always, FEEL FREE TO LIKE AND SUSCRIBE I WOULD REALLY APPRECIATE YOUR SUPPORT = ) Regards, GOL D ROGER
MLong
by Gold_D_Roger
matic/usd long after 70% sell off At the time of writing, MATIC is trading down over 50% at its current price of $0.018, which marks an astonishing retrace from its recent highs of $0.042 that were set just a few days ago. This latest drop was incredibly sharp and sudden, and happened over the span of mere minutes. This movement erased tens of millions of dollars off of MATIC’s market capitalization, and the embattled crypto has not been able to post any notable recovery in the time since this movement occurred. Naturally, this movement also coincided with a massive increase in trading volume, which may have come about as traders quickly moved to sell their tokens. It’s true that altcoins like MATIC – and especially those listed via IEOs – are particularly prone to heightened volatility, which primarily stems from the fact that their issuers typically hold a massive number of tokens, and that most of their trading volume comes from market making algorithms.
MLong
by MavRich_Trading
MATICUSDT forming bearish gartley a good long opportunityPriceline of MATIC NETWORK / TetherUS is likely to start the formation of bearish gartley pattern soon insha Allah. Within the potential reversal zone the price action has hit the 200 simple moving average support and likely to fail in breakdown this support. 50 SMA is moving up to form a golden cross with 200 MA. I have defined the targets using Fibonacci sequence as per gartley pattern: Buy between: 0.01618 to 0.01285 Sell between: 0.01737 to 0.01884 Regards, Atif Akbar (moon333)
MLong
by moon333
4
MATIC|BTC Crossed Down All 3 EMA. New Lows from May is Next! Please read chart for TA. I am a permabull for MATIC and long term believer of this project. Nevertheless, this is a no brainer to me that we are going to find new lows in the next week. Also check out my REN ideas - I nailed thus far. Called the top and still going. Also have done a good & accurate job on BTC. Still valid! XTZ listing on Coinbase on August 5th -Is an extremely hot commodity for the next LINK alike run. Happy trading & Stay SAFU I gave an USDT target below, however BTC has more liquidity and is my first choice to trade MATIC.
MShort
by CryptoBitShow
2
MATIC Reached the bottom Reversing for a quick 20%Trading Signal - BUY My buy price - 248 My (Trailing) Profit Take - 300 (5% Deviation) My (Trailing) Stop Loss -230 For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI! This is made possible by 3Commas.io A very easy to use solution for automated trading. If you want to contribute please use my referal link 3commas.io -10% Discount on the first purchase of subscription. When you do, I'am always available for questions! Take a look at My Twitter and follow for direct notifications of new signals!
MLong
by Riptonair
3
MATIC, where is wonderland?MATIC!!!!! We love YOU! Most of us are wondering if we can make a reversal from this point forward. And we do indeed have some evidence that it can on our 4HR chart. We have our 200 SMA as strong support and got a nice bounce to the upside. Broke our of triangle and 12 EMA(Yellow line). Are we making a reversal or will Bears take back control? Target 1) 300 Sats Target 2) 350 Sats Target 3) 400 Sats I still believe it's possible we go lower to our 175-200 range whenever BTC breaks out as we're below our blue dottted trendline that was support for our uptrend. We will have to see how this bounce plays out.
M
by Detective_Conan