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Maticusd

MATIC is making an impressive returnThis is my view of MATIC in short term. It is very hard to assume that it can make a new ATH this month following the reaction of BTC and also the total market. But MATIC is getting an impressive return to the track and at least, we have a basis to look at the Fibonacci sequences combined with the volume profile and short-term resistance levels. I will consider the Fibonacci sequences in short term 0.382 / 0.618 / 0.786 / 1 These sequences should be considered carefully following the BTC's moves. Please like & share if you agree with my idea. Thank you NFA
MLong
by binhdangme
MATIC, trendline breakout as a good buying opportunity!A trend line can be identified on the MATIC chart. It is also worth noting that volumes appeared at the bottom during the fall. This is a good signal. In case of a squeeze and a breakout of the trend line, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
MLong
by Yuriy_Bishko
7
MATIC/USDHere is a closer look at this MATIC 1d Binance chart. MATIC is in a massive Ascending Triangle Pattern on the 1 day chart. An Ascending Triangle Pattern is potentially a Bullish Continuation Pattern. The APEX of this Triangle Pattern is around July 2022. For your viewing pleasure, I have added various support and resistance lines within this Ascending Triangle. At the moment, MATIC is ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Upper and Lower Bands are converging inwards indicating volatility has slowed at the moment. Note that MATIC is still above its Least Squares Moving Average (LSMA) for this 1 day timeframe. MATIC is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x daily candle that i have selected. Note that MATIC is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note that Volume is still low on this Binance chart and note that the last 8x Volume Bars have been BELOW its Volume 20 Period MA. Looking at the Average Direction Index (ADX DI) we can see that the Trend Strength is still strong but has lost some strength with the ADX (Orange Line) dropping slightly to 27.562 below its 9 Period EMA (Black Line) which is at 27.585. Note that Negative Momentum has dropped sharply with the -DI (Red Line) dropping to 26.771. Positive Mmentum has also dropped slightly but not as sharply with the +DI (Green Line) at 18.693. For sustainable upwards momentum to continue, we need the +DI (Green Line) to CROSS back ABOVE the -DI (Red Line) on this 1 day timeframe. Looking at the Moving Average Convergence Divergence (MACD) we can see that momentum is upwards at the moment and the MACD Line (Blue Line) is still ABOVE its Signal Line (Orange Line) on this 1 day timeframe. Note that the MACD Line (Blue Line) has not been above the 0.0 Base Line in the Positive Zone since 7th Jan 2022 on this 1 day timeframe. Be on the lookout for when the MACD Line crosses back above the 0.0 Base Line into the Positive Zone. Taking a quick look at the Relative Strength Index (RSI) we can see that momentum at the moment is slightly downwards. Not that the RSI (Purple Line) is still ABOVE its 9 Period EMA (Orange Line) which is a sign of upwards momentum strength at the moment. Be on the lookout just incase the RSI (Purple Line) drops more and crosses back below its 9 Period EMA (Orange Line). MATIC needs to stay above the Bollinger Bands Middle Band Basis 20 Period SMA and the LSMA indicator for any longterm upwards momentum to be sustainable. If BTC takes another nose dive and causes MATIC to drop downwards out of the Ascending Triangle Pattern then MATIC may drop to its VPVR POC around $0.83 so we need to keep an eye on what BTC is doing as BTC still controls the market direction. If the Ascending Triangle Pattern stays valid, then MATIC may be in for a big move up to possibly well above $10 if it successfully breaks back above the Ascending Triangle Resistance line. I hope this is helpful with your trading and hodl-ing.
M
by TradingThroughTheLens
1
MATIC - interesting possibilityNo matter what, for now, alt coin action is dependant on the size of bitcoins pumps and dumps, for now. It has not found its bottom and so neither has the crypto market. However, a few coins have lifecycles of their own, more or less, and MATIC is one of them. Looking at the 1d timeframe chart the RSI made a nice bottom “V” @29 on 22Jan. This is a level it has not been at since last July. The divergence I’ve highlighted with the yellow trend line in the RSI section, confirms a trend change UP. The MacD seems to agree with an uptrend arcing up to possibly create a “BD” today. Granted the 1w and 1m timeframes are showing a continued downtrend I believe the V in the 1d timeframe is decisive. The PA is sitting right on the 200ma while being well below the 50ma with the 20ma diving down to meet it. Volume is in the green for the last few days but unfortunately decreasing a bit. This is not a bad thing at this point but I’d like to see volume pick up some eh. So, PA descended quickly from $2.30ish down to the range market of $1.63-1.50 area where it bounced around a bit. Kinda surprisingly, it bounced up out of the range market which iOS pretty close to the 0.236 FIB ext level. If the PA continues up past the 0.382 range it will also have to break through the blue downslope trend line. That should be confirmation we have an uptrend. Of course bitcoin could drop a chunk and negate this action. My thoughts, not advice Oklah. Cheers
MLong
by wildboar8
MATIC/USDT 155% Potential from here with Minimum Stop Loss#MATIC/USDT TA Update:- $MATIC currently trading at $1.50 Big Dumped after broke down $2 Support as I mentioned in Bullish Matic Chart so SL hit already. This Will be accumulation area. This is 2nd Retest after Breakout. -55% down from Recent ATH I am expecting 155% upward move from here. Keep in mind Risk Reward also. Imo $1.15 is Good Stop Loss in Spot. If Future trade then $1.30 is Good Stop Loss. I Bought 10000 MATIC with $1.15 Stop Loss. Support: $1.40/$1.20 Resistance:- $2.40/$3.70
MLong
by CryptoPatel
6