MATIC - Watch For Completion 🚀MATIC has almost completed its bearish correction. We are now on the final 5th wave (subdivided into 5 waves)
There is still a chance to get in on the final shorts with hard stops above the blue structure.
The bigger trade will be getting in on the bullrun. Expecting price to go below the recent lows to fulfil the wave 5 criteria.
Trade idea:
- Watch for 5 subwaves moving down
- Mark out the 4th and 5th wave correctly and watch for a breakout
- Target the recent highs and HODL the rest.
It's going to be a big one!
Goodluck and as always, trade safe!
Maticusd
Polygon MATIC heavy coin inflow into exchangesNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
MATIC/USDT short
Entry Range: $0.80 - 0.85
Take Profit 1: $0.75
Take Profit 2: $0.71
Take Profit 3: $0.62
Stop Loss: $0.97
Trading opportunity for MATICUSDT PolygonBased on technical factors there is a Short position in :
📊 MATICUSDT Polygon
🔴 Short Now 0.7980
🧯 Stop loss 0.8900
🏹 Target 1 0.6800
🏹 Target 2 0.5350
🏹 Target 3 0.3700
💸Capital : 1%
We hope it is profitable for you ❤️
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MATICUSDT 12h Ahead is a strong upward movement of MATIC priceThe MATICUSDT price has broken through the purple trend line and is also consolidating above the liquidity zone of $0.68-0.8
Also, the MATICUSD price does not react at all to fluctuations in the BTCUSDT price.
It seems that now the accumulation of forces of MATIC buyers is going on before further upward movement.
It seems obvious that a rapid upward movement can start both from the upper limit of the liquidity zone $0.80 and from the lower limit of $0.68.
However, the next target from above is $1.55-1.57 from both starting points
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$MATIC | History Repeating ItselfMATICUSD has hit this support zone multiple times with a bounce to the upside but never making it above the 200EMA. And here we are again with the same story. We have oversold on the RSI levels and still significantly in a downstrend, BUT a good opportunity for a decent quick move and profit. I think it can clear 13 and 50 EMAs easily as those have not been respected in recent history. Not expecting anything monumental with all things considering around the crypto market but see a chance.
MATIC/USDT buy signalMATIC is right at the support trendline. If support holds price will move towards the next supply area. This is a good RR opportunity.
✅TS ❕ MATICUSD: downward momentum✅✅MATIC made a strong downward momentum. The price formed the top, after which several levels were broken down. Now a correction is possible, after which a fall is expected.✅
🚀 SELL scenario: short to 0.76.🚀
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Remember, there is no place for luck in trading - only strategy!
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MATICUSD ❕ volatility decreasesThe volatility of trading has decreased.
MATIC is testing 200MA as resistance on the 4H Timeframe.
I think the asset could go down further if it fixes below the support level.
MATICusdt 12H TA: update TrendLineNow, due to the break of the trend line, we expect a fall to support, and to form an upward trend, we need to break the dynamic resistance of the trend line and static price.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
MATICUSDT - Symmetrical Triangle Pattern!MATICUSDT (4h Chart) Technical analysis
MATICUSDT (4h Chart) Currently trading at $0.93
Buy level: Above $0.92
Stop loss: Below $0.785
Target 1: $0.983
Target 2: $1.15
Target 3: $1.45
Target 4: $1.75
Max Leverage 3x
Always keep Stop loss
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✅TS ❕ MATICUSD: triple top✅✅MATIC has formed a triple top near the resistance level. The price has already turned down and we can expect a strong fall.✅
🚀 SELL scenario: short to 0.76.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
MATICUSDT trade will hit 161% fib level.MATICUSDT Trade perfectly correct and hit sell targets according to our all predictions. In recent analysis MATICUSDT trade has achieved 250% profit. Now we are in bullish session. trade will hit 161% fib level.
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✅TS ❕ MATICUSD: sidewall✅✅The price came out of the sidewall, and then returned back. This movement is probably just a false breakdown. You can wait for the movement to the resistance level and bounce down.✅
🚀 SELL scenario: short to 0.76.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Sale is coming soonWaiting for Matic to go down somewhere between 0.55 and 0.45 or lower to buy in.
Wait for the next wave and sell it after x7 to x15.
Not financial advice.
What if the triangles ends up being a failed one? ProbableA while ago I showed how I spotted the Eliott ABCDE Triangle. Also, showed where it leads.
Now. We all know the overall context is not THAT bullish so...
Let´s consider the more reasonable "triangle in the end fails" theory.
Redrawing my Corrective ABC I had originally, it not only still points towards my prior target (1: 1 ratio with A Wave), it also poses the question on whether me might get a ride towards a deeper retractment.
Less probable, 1: 1.618 ratio between A and C. Still possible.
Let´s see what Bitcoin traders decide tonight.
In the end, we depend on it.
;)
PS. Sorry for the back and forth hahahah!
Matic might just be executing an Eliott Triangle upwards!Well
I had my own perfect set up for Matic: It was bound to execute the C leg of an ABC within a corrective Wave 4 before hitting 0,95´s in a final Wave 5.
However...
I saw that the price retracted too much reaching 0.940 which was my Wave B´s peak...
So I sat down to take a new look and.... voila!
Look what I (think) I found!
A classic Eliott Wave Triangle.
If it plays out as expected, we are moving non stop towards Wave 5´s target somewhere around $.9638
A bit confusing to have such a strong move when the rest of the pack and - specially- the Lion (Bitcoin) is not that bullish...
Does MATIC know something we don´t???
:)
Polygon MATIC bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Polygon MATIC has a negative overall sentiment recently.
I have the following price targets:
MATIC/USDT short
Entry Range: $0.84 - 0.90
Take Profit 1: $0.76
Take Profit 2: $0.72
Take Profit 3: $0.61
Stop Loss: $0.99
MATICUSD ❕ under the liquidity zoneMATIC is under the liquidity zone.
TD Sequential has formed a reversal signal downwards (1H TF)
Price and RSI have formed a bearish divergence (1H TF)
I think MATIC may go down if it stays below the indicated level.
short trem#Matic 4H time currency analysis It is collecting liquidity before the supply range and is very intensively approaching its first supply range. After seeing the trigger, it is suitable for selling. If this range is broken, the next supply range is suitable for selling
Polygon (MATIC) - September 1Hello?
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(MATICUSDT 1W Chart)
The key is whether it can support and move up in the 0.6164-0.8191 section.
(1D chart)
While holding the price above 0.8191, we need to see if we can move above the uptrend line.
If it doesn't, it could drop to around 0.6164.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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✅TS ❕ MATICUSD: resistance ✅✅MATIC is moving towards the resistance level. The price has already bounced from this level. I expect a second bounce down.✅
🚀 SELL scenario: short to 0.66.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.