MATIC BTC Trend reversal?MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
The problem with Matic are:
-BTC dominance is about to breakout from falling wedge = Altcoins in satoshi will go down , so matic will break this support line and also the wedge and will go to the hell
-Tomorow (1 january) will close Daily,2days,3days,4days,5days candles,4 months and in 3 january weekly,two weeks,three weeks,monthly,2 months,3 months. This means a powerfull MOVE will happen
-MATICUSDT on daily if will close below 2.532$ the price will go down.
Play safe and Happy New year!!
Maticshort
MATICUSDT head & shoulders patternHello, head & shoulders reversal pattern is forming in the MATICUSDT chart. Since the price is going up and it's a reversal pattern there is a possibility of changing the trend to the downside.
MATIC short targets: 1.85, 1.6, 1.35. I'll move my stop loss to the entry point after the price reaches the first target.
Not financial advice.
MATIC 2nd Head & Shoulders Pattern???Chart is self explanatory. Regression Trend set at 2 Stan Dev. I am short for trading but long for investment. I currently don't see the major H&S playing out unless the entire crypto market shytes the bed. The first one worked like a charm. Loved how this has held up, relative to the alt coin spectrum, over the past month but seems to be losing it's staying power over the past week or so. I have the same feeling on ATOM. Good luck and I don't know SH_T about F_ _K so this is not investment advice. peace.
Matic SHORT, 180 day Rising WedgeMatic has formed a nice Rising Wedge top formation, where after a sharp selloff which marked the first top price slowly climbed towards it for almost 6 months.
Also we have a nice false breakout above previous ATH, which wasn't accepted by the market. We can expect a breakout of support trendline to the downside, and after retest of it we can expect price to reach our target towards yellow line.
Also risk is very small relative to reward, price has barely moved from ATH relative to other altcoins, which are down much more from ATH (xrp, bch and others).
matic sell zone update after not catching correctionas we mentioned we got buy position as corection for down trend
now just set limit order and leave it
good luck
Matic Short with Targerts, Plus Bonus Target!Price action and indicators:
BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻
Swing failure pattern at key resistance level 🐻
Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻
Stochs are frying 🐻
PMARP overheated, not where smart money is accumulating 🐻
Risk management and targets:
Matic must close above 2.78 to flip direction, stops above ❌
Targets are the white lines below 🎯
Bonus measured move target if price breaks down from its macro ascending wedge 🎯
MATIC REACHED TOP OF CHANNELMATIC has reached the top of it's upward channel.
RSI Oversold on the 4H. Volatility is high, a break above the top of the channel wouldn't be surprising but a sharp move down is likely to follow.
When that downmove comes I expect to see a pullback down to 0.618 Fib level to start, and potentially to the bottom of the channel.
Like and follow for more ideas.
(This is not financial advice, do your own research)
MATIC, Head and ShouldersIf MATIC confirms this as a head and shoulders, the measured targeted move is to $1.9, give or take.
This trade is only in force once an H&S is confirmed.
You can put your stop above the shoulder, in the middle of the shoulder, or above the neckline, depending on your risk appetite. Alternatively, once the move is confirmed and you are in profit, use a trailing stop.
See chart.
MATIC SHORT TO $2.19 (or) $1.97A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Wave theory Analysis:
1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase
3) Looks like the 2nd wave correction is a simple zig-zag correction touching the support at $1.01 on 25 Sep 2021
4) New impulse Wave 3 then started from $1.01 on 25 Sep 2021 and ended at $2.91 on Dec 26, 2021
5) Wave 3 are usually the longest in the 5 wave series and this seems to be a perfect extended W1
Fibonacci analysis :
1) Wave 2 retraced perfectly at 61.8% of Wave 1 to at $1.01 on 25 Sep 2021
2) Wave 3 extended perfectly at 161% of Wave 1 to $2.91 on Dec 26, 2021
3) Now its time for Wave 4 which I think might take support at 23%, 38% or 50% retracement
4) Right now the Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97
5) Once the FIB 23, 38 & 50 are tested then it will be on its wave 5
Pattern Analysis:
1) In the short term it fits into a nice classic head and shoulders pattern
2) The second shoulder is being just completed
Summary :
-------------
1) Looks like the bears are still in control on Wave 4
2) The support line Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 should be tested
Happy New year and happy trading guys !!!!!
$AMTIC H&S PredictionBINANCE:MATICUSDT Hey all! Firstly, a left shoulder has not formed yet! So, at this point, there is no H&S pattern! It can turn into a broadening ascending wedge, or something else! That said, honing your predictive pattern recognition skills like an AI terminator taking out targets is always fun.
Unless BTC or ETH flip the market bullish, I can see an H&S playing out as bulls unsuccessfully try to defend price action against bears. If they do, and fail, I will be ready! If they do and succeed my stops allow me to flip bullish on a dime! Remember to always use stops! If they get hit and the market is still bearish, you can get back in at a better price! If they get hit with a confirmed bullish flip you get to flip bullish!
I am an aggressive trader, so I will enter some at a confirmation of a reversal at the top of the right shoulder. I will add at a break below the neckline. I will add more on a successful retest of the neckline.
Very conservative traders put your stops above the neckline, conservative traders put your stops above the right shoulder, and aggressive traders put your stops above the head or the macro diagonal resistance line.
Aside from price action forming patterns, the RSI shows bullish hidden divergence, and stochs and PMARP are on the floor. Which give the bulls a chance to escape bears. But, also, if bears can successfully defend the top of a potential right shoulder, lead bulls into a bear trap!
Good luck and trade safely!
Bye!
MATICUSDT ANALYSIS, DONT MISS TO TRADE IN A CHANNELMatic has been trading and moving in a channel, if it gives enough respect to the upper trendline here and make a HH here, then we can avail the opportunity to short here from the top.
Best of luck ;)
Matic : Watch tor a shorting opportunityMATIC is resting on an inclined trendline for the past few months and it is seen to get weaker and weaker.
Everyone Hyping a lot on #Matic. But i'm Planning to short it once it loses the bottom trendline.
Now just waiting patiently for the things to happen.
MATICUSDT | Short/SellMy Argument :
1D Time Frame:
1.The Chart in correction phase, try to finish the correction 4
2. Hit the Support
4H Time Frame:
Wave B has finish now, and make the correction C in the zig-zag correction
MATICUSDT 2H BUYMATIC 2H support is at ~$1.60
Enter 50% here
and try to set some buy orders near the support zone
If MATIC holds above the trendline,
the Take-Profit target would be $1.76, $1.92, and $2.24
Cheers
ARIDROP_4 ! WOWW !Check it out with me and give your opinion!
I noticed a very strong liquidation before they turned explosive! Coming soon
MATIC 12H BUYMATIC 12H support is at ~$1.6
Enter 50% here
and try to set some buy orders near the support zone
If MATIC holds above the trendline,
the Take-Profit target would be $1.76, $1.92 and $2.1
Cheers
Short MaticUSDT on TL break and retestMatic is touching upper channel and 61.8% retrenchment orb Daily gown move , Short on the break and retest of TL.
MATIC -14%Polygon Coin Price & Market Data
Polygon price today is $1.51 with a 24-hour trading volume of $993,253,471. MATIC price is up 6.5% in the last 24 hours. It has a circulating supply of 6.5 Billion MATIC coins and a total supply of 10 Billion. If you are looking to buy or sell Polygon, Binance is currently the most active exchange.
Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
MATIC HIT PREVIOUS IB ZONEMatic has hit the previous IB zone in H1 and has taken the EL2 entry.
H1 has opened the door up however in H4 the door is still far away. So it can be concluded that the increase is only temporary.
AO occurs divergence. So definitely in small tf there will be bearish hidden divergence to mark the end of the rise and will continue the downward journey.
In small tf can take TP1 or TP2 at fibo level.
