Matic to 0.35?Matic got support at 0.50 area and formed Double Bottom pattern which means we might see some green candles next few days or weeks. But remember Double Bottom's neck is at 0.55 and must close a candle above it in 1D and 1W TF. Our main target is 0.59 and we can see Matic to go up till the white line which is closest crucial zone to hold downtrend but if candle close above it (white line) we wait again for perfect entry point. And our main TP area will be 0.35.
Maticusd
MATICUSD ❕ fixed under the supportMATIC fixed under the support level, which now acts as resistance.
Price has fixed under the 50EMA (1H TF)
I expect that the asset will continue to decline.
Matic: Sell in May and go away 🐻⁉️📆 We can see that the month of May is a crucial month.
The range contained in the 🟥 red rectangle has already been tested several times, and in May last year we had a sharp drop.
Here we are again in the month of May, on top of that range.
Will it fall again? I don't know.
But if it drops again, I would bet on a drop to some Fibonacci region drawn on the chart, and after any reversal signals I would look for an entry.
But before that, I believe that there will be a spike in the rise, and depending on the context, it will not even fall as expected. Just having a crystal ball to know.
🔎 Doing a complementary analysis using on-chain data, we can see that Uniswap's liquidity pools suffered a relevant decrease in the month of May:
🔎 And the total trade volume on Uniswap (in USD) also has this setback:
🔎 Another item that I found interesting to point out, looking at the on-chain data, is the "New address created with non-zero starting balance" in the blockchain, which broke down an important level:
🟢 Despite everything, I remain bullish.
It's not because the last month of May was bad that we will necessarily now have a bad month too.
The last three arrows in the red rectangle indicate that there was a test in this region, and the price did not break down, which could indicate that at least we will have a rebound if there is a stronger drop.
Another thing to note is that the TVL (Total Value Locked) in blockchain seems to be showing signs of reversing:
MATICUSD ❕ rebound from supportTD Sequential formed an up reversal signal (4H TF)
MATIC fixed above 50EMA (4H TF)
RSI is in the buying zone.
The asset will continue to grow after overcoming the resistance level.
Matic strong rejection and 50% crash incoming CRYPTOCAP:MATIC :: #futuretrade sell short ↘️
#dyor #nfa short ⏰ period analysis 📌
Recommend leverage cross 3_4x 💰 1%
Buy :: $0.7-0.766
Sell :: $0.61-0.51
#SL :: $0.8177 ( day close )
MATIC Faces ☁️ - Downside Risk. Short Opportunity? 🤔Bullish sun shines over the global crypto market in the next 24 hours. ☀️ Some altcoins such as MATIC, XRP, and Avalanche do, however, face some ☁️ and a slight downside risk.
Over a one-week horizon, ☁️ and rainy trading conditions can be expected, signaling a bear market for most of the crypto universe, MATIC included. Binance, Polkadot, and Chainlink won’t be affected, according to ATTMO, which forecasts ☀️ over this longer period.
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MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for MATIC Polygon is $0.41.
Looking forward to read your opinion about it.
MATICUSDT IdeaAn idea for MATIC suggesting a bullish recovery at the secondary support level in dashed line.
Strongest support would be also good.
The secondary support coalesces with a horizontal support so it would be nice to see strong reversal there.
I am very bullish on MATIC.
MATIC: The ride to 0.5$ may begin soon!Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Ant it has become more evident as the price has undergone four retests at the lower boundary of the triangle, indicating a potential greater downward movement soon!
Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities.
It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
MATICUSD ❕ upward channelMATIC has fixed above 50EMA on the 4H TF.
RSI is near neutral values.
TD Sequential formed an upward reversal signal on 1H TF.
I believe that the price will continue to rise if it holds the channel.
Matic Ascending pattern | Horizontal ResistanceJoin us in this video as we analyze the MaticUSDT trading pair and highlight the exciting developments taking place. MaticUSDT is currently forming an ascending triangle pattern, with a horizontal resistance level at $0.89.
In this insightful analysis, we explore the potential outcomes based on different scenarios. If the resistance at $0.89 is successfully broken, we could expect the price of Matic to reach around $0.95. This breakout could signal a bullish trend and present potential buying opportunities for traders.
However, it's essential to consider the other side of the coin. If the lower trendline support, located at $0.85, is breached, it may indicate a short call, suggesting a bearish trend reversal.
Stay tuned as we delve deeper into the technical aspects, chart patterns, and key levels to watch in MaticUSDT trading. Enhance your understanding of this market and gain valuable insights for your trading strategies.
Don't miss out on this informative video that covers the analysis of MaticUSDT and provides actionable information for traders and crypto enthusiasts. Stay informed, make well-informed decisions, and navigate the dynamic world of cryptocurrency with confidence!
#MaticUSDT #CryptoTrading #TechnicalAnalysis #AscendingTriangle #ResistanceLevel
MATICUSD ❕ strong supportRSI indicates oversold on the 4H TF.
TD Sequential formed an up reversal signal at 1H TF.
I think the asset will correct after testing the support.
MATIC shortHello guys , If we close below 0.94c I expect a big fall down. It only has an hour to go.
Give me like if you agree !
MATICUSDTPossible setup for BINANCE:MATICUSDT
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above.
We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live:
Entry = $0.636
Stop = $0.5582 (-12%)
Take Profit = $0.9595 (+50%)
Potential profit/loss ratio = 12/1
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MATIC - 1-Week Horizon ☁️; Downside RiskAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like MATIC may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
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MATICUSD ❕ trend lineMATIC chart started to work out the convergence formed on the 4H TF.
The price is testing 200EMA as support (1H TF).
If the asset holds the support level, the chart will continue to grow.
Matic has a very good Potential Investment Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 166 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target