Long MaticMatic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time. RRR is 3/1 on this one.
Maticusd
Polygon (MATICUSD): On the way up! 📈Polygon (MATICUSD) : BINANCE:MATICUSD
Since our entry into Polygon, also known as MATICUSD, we've seen a 35% increase, and we're optimistic that we've successfully concluded Wave 2 and are currently in Wave 3 in red. Since then, we've adjusted our stop-loss, secured profits, and set the stop-loss at our entry price. We're going to let the price run and see how it unfolds. We don't anticipate a downturn in the coming weeks; rather, we see the potential for a significant upward breakout before any correction occurs—where and when it will happen remains to be seen.
We believe that we should at least reach $2.50 in the overarching blue Wave (3), that you can see on the daily chart.
For the subordinate Wave 3 in red, where we made our entry, the target is considerably lower, but we plan to hold for longer since we don't expect to return to this price level in the near future, assuming we witness a significant upward breakout. This outlook is reinforced on the daily chart by the red Wave 3 we're discussing, which is part of the blue Wave (3) that should range between $2 and $4. $2.50 is an especially interesting level for us to reach. It's a long journey from our Wave (2) bottom at approximately 50 cents, a level we don't foresee revisiting.
#MATIC/USDT LONG#MATIC
Since the beginning of the year, the price has been moving in a descending triangle.
The support was adopted on the lower border of the triangle.
Now the price is about to increase this model.
Price Now 0.8282
First Goal 1.222
Second goal 1.578
Representing 200% of the current price
You should pay attention to the rebound points.
#MATIC #MATICUSD #MATICUSDT #Polygon #Short #ShortSetup #Eddy#MATIC #MATICUSD #MATICUSDT #Polygon #Final #Update 'C' #Short #ShortSetup #Eddy
I'll Think Its Time to short Crypto ;-)
It's My New short setup on Polygon Matic <3
We are in the heavy supply order block range of the daily time frame, which is in the heart of the order block of the weekly time frame!
You also enter into sales short positions after checking the multi-time frame and getting the necessary approvals & at your own risk.
Related Analysis of Polygon Matic : (( MATIC/USDT )) : Check Link :
Polygon Matic Short Setup in #Update 'B' : (( MATIC/USDT )) : Check Link :
(( We got 19% profit in update 'B' ))
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈
We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential!
From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe:
From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here:
And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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CryptoCheck
BINANCE:MATICUSDT
MATIC IS BACK - VOLUMEThank you for reading our update. Please remember that this is not advice for trading.
MATIC Looks to have a new uptrend volume
#MATIC/USDT #MATIC
The price is moving in a descending channel on a 4-hour frame
It is expected that this channel will be penetrated upward with stability above the Moving Average 100
Also we have oversold on MACD
Current price 0.8262
The first target is 0.8782
The third target is 0.9562
The third goal is 1.026
Matic Long Term SetupHello everyone (whoever follows or aware that I exist),
I believe Matic will claim 1.34 in a month. We can expect a small correction from around there and then the last impulse move will occur.
All targets specified.
Good luck to us all.
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support):
A drop and CLOSE UNDER this zone invalidates short term bullish sentiment:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:MATICUSDT
Matic is forming a Harmonic Pattern.Polygon (Matic) is trying to form a harmonic pattern known as "three drives pattern" .
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
MATIC Polygon Price TargetIf you haven`t sold MATIC when Robinhood delisted it:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for MATIC is the next resistance, $0.92.
Long Matic to $1+For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
MATIC - New Uptrend?After reaching a 6-month high near $1, the price entered a correction phase represented by a descending trendline, with price compression below it.
Now #Matic has seen an increase in open interest, signaling a new attempt to break the downtrend and start a new uptrend.
Matic analysis (4H)We have an important supply on the MATIC chart that may cause a drop or change the trend.
We have the change of structure with bearish CH on the chart and we also have supplies that have been mitigated and have moved sell orders to lower ranges with lower H and L.
In case of rejection from Supply, we have specified the targets and
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MATIC may contract by 80% before next bullish rallyMATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
MATIC-USDT / 1H / TECHNICAL ANALYSIS BINANCE:MATICUSDT Resistance at 0.8080, support at 0.7389. My target for wave analysis is 0.7983.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Matic with Head & Shoulder patern In the 4h chart it rebounded after broke down the neckline of the H&S pattern
But it broke down the triangle in the 4h and we can set the SL at (0.7379) to get better R/R
TP1: 0.6170
TP2: 0.5755
TP3: 0.5311
TP4: 0.4867
TP5: 0.3428
MATICUSDTI propose to consider the medium-term situation, because in the short term everything looks bad. A symmetrical triangle figure appeared on the chart. The price can go both up and down with a 50/50 chance.
In case of an upward movement and consolidation, it is worth considering the targets indicated by blue lines.
Target 1 - 1.1517
Target 2 - 1.3871
Target 3 - 1.5898
In case of going down and consolidating below, focus on the red lines as support in the area of 0.4007 - 0.2334
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy
We Are Here Guys <3 Enjoy ;-)
This is a new update of final (( MATIC/USDT )) update: check link :
3- entry (MATIC)📊Analysis by AhmadArz:
safe in chart risk by 3-entry.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
MATICUSDT Buy stopWe observe the third head and shoulders pattern on the Matic H1 chart. If the price breaks the 0.8888 level, the pattern will be confirmed. Risk-reward ratio is 1:2
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
maticusdtMatic analysis:
The price has already tested the support area. You can consider taking a small long position there with a tight stop loss. If the price does not close below the support level, we may expect a bounce from there. Our we can buy it with dca strategy at major support area and holding it .
Local Support Area : $0.68-$0.735
Major support area :
$0.49-$0.53
Resistance Area : $0.90-$0.92
Major resistance area ;
$1-$1.1
