$MATIC may do something like this#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.
Maticusd
#MATIC/USDT#MATIC
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.5340
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.5500
The first target is 0.5980
The second target is 0.6307
The third goal is 0.6720
Matic Coin Analysis: Potential Gains of 13x, During Alt SeasonMatic coin currently holds a strong support level between $0.48 and $0.49. This level presents a promising opportunity for significant gains as we enter the altcoin season. Historical data suggests that if this support holds, Matic could potentially reach a minimum target of $3.415, offering an impressive gain.
However, if the $0.48 to $0.49 support level is breaking, the next major support can be found between $0.29 and $0.31. This level is crucial for Matic's long-term stability.
During a bullish alt season, Matic has the potential to soar even higher. Based on historical trends, the maximum target could reach up to $6.47, representing an extraordinary return of nearly 13x from the current support level.
For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas. Don't miss out on potential opportunities in the crypto market!
MATICUSD - Strong Horizontal Support LevelExcluding the low at the labels price .31, MATIC has reached a strong horizontal support level that has seen bounces off it repetitively.
As I think we are entering a larger bull market this could be a great entry point for the bulls.
Simple Support Analysis.
Daily Chart.
MATIC Network AnalysisMATIC not only performed exceptionally well in the previous bull market but also held up strongly compared to other altcoins in the bear market. I consider $0.37 as the main support level, with ultimate targets of $3 and $10. DYOR
MATICUSD: Swing Buy, Possible touching HHDear Traders,
Our Previous analysis on Maticusdt turn out to be in our favour, now we are looking at possible price reversal and this time we are targeting previous all time Higher High. Price has breakthrough the consolidation phase and now on to completion of manipulation phase. After this we can expect price reversal in form of distribution.
MATICUSD Elliott wave countPolygon must not break below 0.4926 level to keep this count valid with a 4th wave triangle or a more bullish count with 12 12 and both wave 2 flat corrections.
Above 0.4926 and clearing 0.7587 we are looking to the upside with target above 5 USD.
Also we see divergence on oscillators that may signal a shift to the upside.
#MATIC/USDT#MATIC
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.6000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.6270
The first target is 0.6582
The second goal is 0.7218
The third goal is 0.7742
MATICUSD 1WMATIC ~ Updated
#MATIC Continue accumulating in this pattern.
The accumulation range is narrowing. It's only a matter of time that this pattern is successfully broken. Target is at least 20%+ for the short term
$MATIC GOOG TO BUY FROM HERE#MATIC is always a good buy, especially at the local lows!
I set buy orders in the orange zone, this is a long-term spot trade.
BINANCE:MATICUSDT
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Will MATIC reach $1 above in coming months?MATIC is struggling to break out from $0.60s and $0.70s due to low volume and short liquidation leverage.
If a breakout from $0.75 (resistance) can expect to reach $1.20
Reminder on MATICUSDThe large triangle is forming similar to the one prior to the 2021 breakout
I expect MATICUSD to melt faces post this triangle breakout
I have posted a chart like this before but it becomes more relevant everyday
BULLISH
#MATIC/USDT#MATIC
The price is moving in a head and shoulders pattern on the 4-hour frame and sticking to it well
We are now at the end of the formation of the right shoulder, and a rebound to the upside is expected
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 0.7300
The first goal is 0.800
The second goal is 0.860
The third goal is 0.9270
MATICUSD - Gaussian Channel Indicator ShiftA shift from the bearish red channel to the green bullish state is seen on this Weekly timeframe
Expecting incredible results from MATIC/Polygon.
Observational post.
Very bullish.
182% with leverage x2 on MATICEntry from current levels, I also take leverage x2 for myself.
TP - $1.29
SL - $0.5
Achieving goals in 2 to 6 weeks.
This is not financial advice. Whatever you do, you do at your own risk!
Polygon Matic price is at the bottom of global consolidationDuring the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20
However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy.
Whether this is true or not, we will soon find out, because if the price of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60
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MATICUSD 1WMATIC ~ 1W
#MATIC Continuing to maintain this pattern so far. Make purchases gradually within this pattern, with a target of at least 20%+
Polygon MATIC Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
MATICUSD 1WMATIC ~ 1W
#MATIC The movement of CRYPTOCAP:MATIC is increasingly limited in this pattern. It looks like Whales still maintain Support in this pattern.
We are still long-term bullish on #MaticUSD as long as price still maintains this support.
MATIC: RARE Pattern ! Three Drive spotted 📉📉 MATIC - USDT 📈
The three-drive is a rare price pattern formed by three consecutive symmetrical moves (or drives) up or down. In its bullish form, the market is making three final drives to a bottom before an uptrend forms. In a bearish three-drive, it is peaking before the bears take over. this means that we SHOULD bottom soon, at least. And the next landing zone could be a good accumulation point.
At first glance, it may appear bullish - since the price is now consolidating under a "resistance zone", which is normally a bullish indicator when the price is INCREASING, but not when the price is decreasing.
This is infact not consolidation under a resistance zone, but should be seen instead as another failed bounce on a key support zone.
The immediate price we can expect to see in the short term is 0.59c, however this zone was already tested with a wick - meaning it will be weaker when we head there for a second test.
Although it's a great alt to have as a part of your diversified portfolio; I've been bearish on Matic for a while, with my previous update also cautioning sell for short term:
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CryptoCheck
BINANCE:MATICUSDT
Polygon $MATIC overview#Matic price is in long period falling channel. #polygon tested the top of channel but declined hard and bearish continuation occured after bear patterns. Now price may have a relief rally by hitting the orange box but i say MAY BE.
In mid term (several months) period, #MATICUSD price expected to visit 1/2 #usd zone or channel low. Not financial advice.
MATIC IS READY FOR FIFTH ROUND OF BULLISH WAVEMATIC might have been completed 4th wave of downtrend inside triangle pattern. We need the price to stay above 0.52 level in order to be bullish. Soon it is expected to catch bullish momentum once BTC melting stops.
