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Maticusd

Matic Polygon Big PictureWell well well not really much to say about this clear and perfect structure. Target is set already. w3 = 2.618 => w5 = 4.236 up there, probably a bit above or below Depending on how to coung the start of the 5th wave we see theres nice confluence with 8.236 levels. So either this goes with the white or the yellow count for the final leg up. In either way major 1.886 ($0.25) must hold Hold my beer pls ---- No financial advice, do your own research, don't be stupid
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by NastyBeer
3
there is a possibility of breaking higher resistances...As long as the bottom of the channel is maintained, there is a possibility of breaking higher resistances. In the 1-hour time frame, the price trend is also upward, and the support of the $0.82-$0.83 range has prevented the growth of the price of this currency. Holding this range can bring the price to the ceiling of the short-term ascending channel, which will be the first short-term objective. But if this support is broken, the price will fall again to the bottom of the channel in the range of $0.70.
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by Clara_trader
8
Polygon: Hammer time! ☝️According to the principle “U Can’t Touch This”, Polygon is pulling the M. C. Hammer move above the blue zone between $0.68 and $0.40, meaning that the altcoin just won’t touch it. Nevertheless, we still expect the cryptocurrency to dive into the blue Zone to finish wave (ii) in blue before rising above the resistance at $0.94, thus affirming further ascent. However, there is also a 42% chance that Polygon could indeed not touch the blue zone at all and instead climb above $0.94 directly.
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by MarketIntel
Symmetrical triangle on Matic/Polygon On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish. Entry price: In the apex at 0.65. Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss. Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349. This is also 45% gain if the prediction is successful.
MShort
by vf_investment
MATIC Remains Stuck Between a Rock and a Hard Place Primary Chart: MATIC Price Chart Showing Overhead Supply Zones and Fibonacci Retracements MATIC Network Shows Strength in Recent Months Despite Being in a Bear Market As shown in the Primary Chart above, MATIC network's price continues to trade well below all-time highs of $2.92 / USD. No argument can be made that it has overcome its bear market just yet. Further, the flag / parallel channel that contained price for much of the rally off the mid-June lows has been broken to the downside (see Primary Chart above). Even so, MATIC has shown strength in the past two months since its June 2022 lows. Consider the chart below that shows MATIC having broken out above a downward trendline going back to all-time highs. Supplementary Chart A: MATIC's Breakout above Seven-Month Downward Trendline But despite showing strength in recent months, especially as compared to BTC and ETH, MATIC has been trading below major overhead supply zones that reach back over one year to August 14, 2021. The lower of these two supply zones zones was touched several times in late July and mid-August 2022, with a rejection back below it each time. See Primary Chart (above). MATIC also has a demand zone just below its current price. That demand zone is shown as a teal-blue rectangle in Supplementary Chart B below. Supplementary Chart B: MATIC's Demand Zone as Support An argument might be made that intermediate-term trading lows have been established at the June 2022 lows. Such an argument would be based on the measured-move concept, where the two legs of a corrective decline are equal or nearly so. In the Supplementary Chart C below, notice how wave A and C of a major A-B-C decline from all-time highs to the June 2022 lows have equality around the $.48 level. Price traded to this level, and broke below it somewhat, before reclaiming it in a reasonable amount of time. Supplementary Chart C.1: Measured-Move Showing Potential Intermediate-Term Trading Low Note that just because a measured move target has been met does not mean a correction is complete. Consider, for example, Supplementary Chart C.2 below, which is not a forecast or technical-analysis based price projection. It merely shows a manner in which a corrective pattern can continue upward in a bear market, consistent with complex Elliott Wave corrective patterns, and can continue higher for some time before resuming lower to retest or break the lows. Supplementary Chart C.2: Hypothetical Example of Complex Corrective Pattern Continuing Higher from Measured-Move Low Before Retesting Lows Later Despite substantial weakness in equity markets and crypto markets since mid-August 2022, MATIC has not shown sufficient weakness just yet to cause it to fall anywhere near its YTD lows at $.316. In fact, unlike other cryptocurrencies such as BTC and ETH, MATIC has not broken and held below its .382 retracement of the June-August 2022 rally. On the Primary Chart above, note how MATIC has found strong support multiple days right at its .382 retracements. BTC and ETH have not found similar support at their .382 retracement of the recent rally. In fact, BTC has crashed through all its key Fibonacci retracements including the .618 retracement around $20,488.65 and has held below this level (see Supplementary Chart D.2 below). This comaprison shows MATIC's relative strength since the June 2022 lows as compared to BTC and ETH. Supplementary Chart D.1: ETH Has Broken Through Its .382 Retracement and Has Held at .50 Retracement Supplementary Chart D.2: BTC Has Broken Through All Its Key Retracements and Has Held below its .618 Retracement Conclusion: MATIC Network Remains Stuck Between a Rock and a Hard Place So MATIC is stuck in chop between a rock and a hard place. The rock is the substantial overhead resistance, and the hard place is what appears to be just a few supports standing between price and bear-market lows. A weekly Ichimoku Kinko Hyo (Ichimoku) chart shows just how difficult the resistance is despite incredible price strength in recent months. The cloud remains very thick overhead and red colored and even thicker in the near future, signs of formidable resistance in downtrend. The Kijun line (blue) also stands as strong resistance in addition to the other resistances mentioned in this post. This line decisively repelled price in mid-August 2022. Supplementary Chart E: Weekly Ichimoku Kinko Hyo Chart Note the small twist in the Weekly Ichimoku cloud above, however, which suggests a possible weakness in overhead resistance where a rally could theoretically break above the cloud more easily under Ichimoku analysis principles. But the odds of this occurring in the current macroeconomic environment seem bleak at best. Nevertheless, markets do tend to move in unexpected ways, and this twist in the cloud should be monitored in October 2022 to see whether it holds any glimmer of hope for a break back above the weekly cloud. The weekly Kijun must be conquered first, though, and until price can rise above the Weekly Kijun, all talk of a break above the weekly cloud remains premature. The daily cloud offers a little better picture for the trend in the intermediate term. Price remains above a green-colored cloud that slopes upward ever so slightly. But again, this is insufficient to change the bear-market trend, though it is a necessary first step. Even on the daily chart, price has fallen back below the Kijun line at $.90, and price has also pierced back into the cloud itself, a sign of weakness. Resistance seems to arise to current price action from the top edge of the cloud, called the SSA line. Supplementary Chart F: Daily Ichimoku Kinko Hyo Chart Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. ___________________________________________________________________ BINANCE:MATICUSDT COINBASE:MATICUSD KUCOIN:MATICUSDT BINANCE:MATICUSD KRAKEN:MATICUSD BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD KRAKEN:ETHUSD CME:ETH1! CME:BTC1! BITSTAMP:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT KRAKEN:BTCUSD COINBASE:BTCUSD
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by SquishTrade
3
Polygon (MATIC) - October 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICUSDT 1W Chart) The key is whether it can support and move up in the 0.6104-0.8191 section. (1D chart) If we see a drop below the uptrend line (1), we need to see if there is support in the 0.7270-0.7658 range. Otherwise, it is expected to decline to around 0.6164. It needs to move above 0.9226 to continue the uptrend. So, the key is whether we can find support and move higher near 0.8191. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
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by readCrypto
1
Polygon MATIC - Bullish flag! A huge breakout is imminent. Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!  The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.  Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.  The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.  I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline. 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. This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
MLong
by UnknownUnicorn2537518
45