MATIC, TECHNICAL FULL ANALYSIS!!!Matic has retested the dynamic support zone several times and know has become really dangerous (due to the bitcoin and market condition...). Looking for a powerful breakout (up or down).
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This chart illustrates that rsi has been forming a kind of compression that is going forward to touching the dynamic support floor while we have the dynamic support on the Matic price chart.
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And this is the full chart view af the Matic's history:
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In conclusion, market needs to stabilize the condition and reduce the fear dominated throughout the market prices. Stay tuned for more updates and be careful to add stop losses for your trading positions.
-Thank you anyway-
Maticusd
MATIC: correction to come before gonzo timeTo this chartist's eye MATIC is, unfortunately, due for a pullback to the low $2s. While I'm expecting some short term pain, this temporary pullback will be followed by a gonzo move to $5+
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 Polygon: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polygon (MATIC).
The chart is self-explanatory. Polygon's price is in a multi-month Rising Wedge Pattern and the current price recently made an all time high and currently retracing down to the support trend line (Support 1). The chart shows a few other support trend lines to keep an eye on in case the price starts to fall. The RSI bounced off of the support trend line, which may help the price move up further. The Stoch RSI is oversold and has potential to move up. Also noted in the chart is the 200 EMA (moving average) as well as Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$MATIC - POSSIBLE JUNE TARGET $1.75matic is in a good spot here
showing signs that price discovery is about to kick in
good luck to holders & traders
Simple but smartHi guys
I think it is a valid model and the price is very likely to react to it
Of course, it can be examined if the downtrend line is broken
Please follow for support
MATIC/USDT Ready To another Big Pump Toward $6 ..?$MATIC/USDT TA Update:-
$MATIC currently trading at $2.47
And you all know I told you to exit at $2.80 that was resistance.
Now..?
Now $2.40 is strong support.
If hold this level then we can see next Target $3 and $6
But If break down $2.40 support then Next support is $1.91
What if break $1.91..?
Below $1.91 $Matic will be supper bearish.
So keep an eye on this Level.
Support:- $2.40/$1.91
MATIC compared with ETH 2017 @@ lfgMATIC compared with ETH 2017
:)
no explanation necessary. damn things almost identical.
now compare it to ada.
the question you should be asking yourself is ; can i get more than 5x elsewhere? and with such apparent guarantee.. im not sure now. the way alts been acting lately (ie basically retracing their entire runs on a lot of them) they look weak asf.
now let us pray this game of musical chairs aint over here. or covid doesn't whip out a more deadly strain for us all.
have wonderful new years degen brother and sisters
x
MATICUSDT-LONGBased on technical factors there is a long position in MATICUSDT Matic Network
MATICUSDT Matic Network
Score 2️⃣
🔵Long Now or set on Key Level 2.450
🟢Target 1 2.580
🟢Target 2 2.680
❌Stop loss 2.400
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.
Matic on it's important support* Matic forms a Descending triangle pattern, making a important support zone around $2.42 and above descending trendline as resistance.
* Descending triangle pattern is considered to be either trend continuation or trend reversal pattern, depending on the pattern breakout.
* If price breaks the above trendline we can expect a bullish move till $2.9
* Price below the support zone is Bearish
Polygon MATICUSD Reversal Head and ShouldersMATICUSD chart 4 hourly showing a bullish to bearish head and shoulders pattern. Will look to follow the chart down to support zone at $2 and look to go long there for a target $5+. Watch this space
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 :
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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 !!!!!
MIDTERM SIGNAL ON MATIC !!!Matic is retesting the 3.40 resistance as a crucial support. Looking forward to seeing the mentioned targets soon...
Matic (Polygon) 2022 analysisHello everyone,
Here are my thoughts on Matic for the new year.
Let me know in the comments your thoughts !
Have a nice trading year.
MATICUSD HNS PATTERN SHORT IN LOW TFMATIC/USDT
Head And Shouder (HNS) detected
In big time frame that just retrace or make swing low
We can take advantage from the pattern
Market still not good, but Short is big trend for all coin/token
#tipsfortradingplanning
MATIC LONGHere's the analysis of #MATIC :
#MATIC just broke the #ATH (All Time High) and retraces back. Price made a minor support around $2.42 - $2.46. Well, price is expected to make a fresh #ATH now, but in case price breaking below, $2.20 - $2.26 is the major support zone and a good buy opportunity but with low risk. Price is completely bullish, so better wait for the zone rather the rushing into buys.
MATIC - AUTOMATIC BULLWatch this one move...
Stocks & Metals are suffering AMEX:BITO
Buying non-stop bots will slam sellers
COINBASE:MATICUSD
BINANCE:MATICUSD
FTX:MATICUSD
BINANCEUS:MATICUSD
BITTREX:MATICUSD
KRAKEN:MATICUSD
GEMINI:MATICUSD
BINANCE:MATICUSDTPERP
POLONIEX:MATICUSD
BITSTAMP:MATICUSD
BUY
MATICUSDT 1h head and shouldersThis is my idea about Matic next move
Neckline just broke
You can see it in chart
Huge buy coming for MATICive been charting this for 3 days
the 5th wave at the very end is in a diagonal
once it breaks out of that were ending the expanding flat correction
on tthe 1hr... should be a really nice and long ride up starting in less than a hour
MATIC Potential Double TopMATIC is trending higher inside of an uptrend channel, but is putting in a potential double top. Price is trending above the short-term moving averages with all moving averages in a bullish cross. Lower indicators are all showing bullish trend and momentum behind price. Should MATIC pull back on double-top resistance watch for support in the $1.70-$1.45 area with additional support at the 200sma. A move above the double top and to new highs would indicate uptrend continuation.
MATIC Polygon Long Opportunity 20211230Signal: Blue -> Green
Context: Green: Bullish
Confirmation: Breakout the Resistance Line
MATIC, Polygon, MATICUSD, MATICUSDT , MATICUSDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
MATIC/USDT Break down And Now Entered in Bear Zone#MATIC/USDT
$MATIC break down Support level.
Now Strong support became strong resistance.
Resistance level:- $2.50
Now $Matic is bearish because Support also break down.
Next Support is $2
So If you open any Long Positions on $Matic Please keep an mind Resistance and Support level.
Support:- $2
Resistance:- $2.50/$2.70
