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MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Polygon (MATIC) Polygon should consider itself lucky despite losing 4.8% of its valuation in the past week, particularly when compared to ADA or SOL. This is because, at 75 cents currently, MATIC managed to stay far away from its yearly low in June when the price fell to 32 cents. Nevertheless, pressure is building up as buyers appear to be on the defensive again, trying to keep the cryptocurrency above the key support at $0.74. The price action also shows that a decisive move appears imminent. Looking ahead, repeated tests of the key support at $0.74 could be interpreted as bearish. If bulls fail to hold here, it would open the way for sellers to take MATIC back toward its June levels in the first half of 2023. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
MATICUSDT - SHORT 1H - TARGETS and STOPLOSS Hello everyone, let's take a look at the 1H MATIC to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.7832 T2 - $ 0.7871 T3 - $ 0.7906 T4 - $ 0.7942 and T5 - $ 0.7991 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.7806 SL2 - $ 0.7790 SL3 - $ 0.7776 SL4 - $ 0.7757 and SL5 - $ 0.7737 Looking at the CHOP indicator, we can see that in the 1H range we still have a lot of energy, while the MACD indicator shows the local upward trend.
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by cryptodailyuk
1
MATIC Extended V Bottom 1WStarting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag. I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish, its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
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by Tims.Technische.Analyse.
1
MATICUSDT: Setups for Long & ShortOnce again, I made a more detailed recount of wave levels for MATIC. Apparently the impulse structure in the big wave 1 or A has already ended, and now the correction in the big wave 2 or B continues. I considered the coin earlier to open a short position, but I decided not to rush and wait for the first signs for the price reversal. I am not sure yet that the correction in wave B (in wave 2 or B) has ended. Anyway, even if fail to open a short position (due to the ambiguity of the situation), I already expect the price to reach the internal support levels where I will be open a long position.
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by HurricaneCapital
2
MATICUSDT: Bullish rally will continueI'm sharing with you another great trading plan for medium-term position holding and local trade planning for MATIC coin. In the medium term, the correction in the form of ABC pattern (in wave B) is probably completed. At the moment the impulse structure of wave 1 is already forming within the big C wave. Locally, the price took a timeout for the correction in wave 4, after which we should expect the continuation of growth in the framework of wave 5 (in wave 1). It is possible to try to win back the local decrease by opening a short position at the first signs of price reversal to start the decrease in the framework of wave C (in wave 4). Opening a long position is relevant on the border of the main ascending channel and the trend line.
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by HurricaneCapital
1
#MATIC has enough power to make you money!As you can see here in MATIC, will see if it follows the magic lines or not. THE 1Hour chart shows that MATIC has done one failed swing till 100SMA and felll so will it again go the same or be a supernova here? WIll it be able to hold the 100 SMA or get reversed back from there as showed in chart? Or may sell trap? OR what about a buy trap? I think a Buy trap is evident as 90 degree parallel channel is evident to breakout, even ETHEREUM was not spared on this, SO shorts can be done or reversed cross hedge to take both ways!! A days synopsis shows that it is yet evident to break at once and be at the $1 mark but a small buy trap may be inaugrated!
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by MastaCrypta
#MATIC/USDT 1Hr UPDATE !!Welcome to this quick MATIC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for trade:- MATIC looks like it gonna break out the falling wedge pattern. If you'd added the position at our call then you're very minor profit. We recommend moving Stops to just below swings as the market may reverse anytime. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
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by CryptoSanders9563
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MATIC on 4H interval, target and stop lossHello everyone, let's take a look at the MATIC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with determining the stop loss that we should take into account in the short term and, as you can see, we can set the following stop loss: SL1 - $ 0.629 SL2 - $ 0.597 SL3 - $ 0.557 Now it is worth going to the targets that we should take into account when playing short-term, we see individual targets: T1 - $ 0.689 T2 - $ 0.747 T3 - $ 0.804 Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. However, please remember that the market can be dynamic and you should always be careful with the market and analysis.
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by cryptodailyuk