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Maticusd

Polygon Matic price don't give up and trying growthLet's start the idea of MATICUSDT by thinking about why we should draw medium-term estimates of possible price movements. Here is our medium-term idea for MATICUSDT, which we published 6 months ago. Back then, we clearly described two scenarios and under what conditions to stick to one or the other. There is an action plan, there are critical points of activation of one of the scenarios, and it remains to trade in the right direction. And then, like everyone else, we had no idea that someone would think of classifying MATIC as a "security" and that this would cause the price to crash. You can easily test the idea) In the short term, the MATICUSD price is approaching a strong liquidity zone around $0.73, which has been acting as support for a long time, so probably it will not be possible to break it up at the first attempt. A slight correction will follow, and the second time around, you can try to break through to the top of the channel at $0.83 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
24
MATIC Polygon and the Altcoin Season ThesisIf you haven`t sold MATIC here: Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MATIC Polygon, for which my price target is $0.95. Looking forward to read your opinion about it!
MLong
by TopgOptions
MATIC, XRP ☁️;BTC, BNB, ADA ☀️?The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend. Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and Matic. On the other hand, Bitcoin, Binance, and Cardano enjoy sunnier trading conditions ☀️, suggesting a continued upside potential. Follow us for more crypto weather insights!
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by ATTMO
A rise above 0.7778 is expected for a change in trendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICUSDT chart) The HA-Low indicator on the 1W chart is about to form at the 0.7192 point. Accordingly, when the HA-Low indicator on the 1W chart is created at the 0.7192 point, the key is whether it can be supported and rise around 0.7192. However, since the 1M chart's HA-Low indicator was not created, you need to check whether the 1M chart's HA-Low indicator is created or supported around 0.7778. If it doesn't, it's because it's likely to stay on the downtrend. Therefore, it is necessary to check whether it is supported and rises in the 0.7192-0.7778 section. If not, you should check if you can get support in the 0.6348-0.7192 interval. As it maintains an uptrend while breaking through the HA-Low indicator on the 1D chart upwards. 1st: 0.7778 2nd: 0.08647-0.9059 Split selling is possible when resistance is received near the 1st and 2nd above. The next period of volatility is around July 13th. The CCI indicator is entering the oversold zone. Therefore, when exiting an oversold zone, you need to check which point or zone is supported or resisted. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
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by readCrypto
1
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding. This is perfectly viewed on the 1week time frame where the price hit the 1week MA200. As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022. Buy and target the 1day MA100 on the medium term at 1.1500. Follow us, like the idea and leave a comment below!!
CRYPTO:MATICUSDLong
by TheCryptagon
5
MATICUSDT any dip to weekly support is for longAnalysis: HTF The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for buying. As far as current price action is concerned, it is currently facing daily resistance. If this resistance is broken, the next level is the next daily resistance DR2 around 0.77.
MLong
by angela_altair
Polygon (MATIC) Bull ScenarioDo you think Altcoins will stall when Bitcoin starts running? If you think the alts will walk too, I can talk to you about MATIC. In my opinion, I think we are in the days when we have the last opportunity to buy MATIC, which will be the star of the next bull season. As you can see on the black lines, MATIC, which made the symmetrical triangle it made in the past, entered short-term downtrends 2 times within this symmetrical triangle (Orange line) and after the second break, the bull run started. We are on the eve of this process. In the two symmetrical triangle patterns, we can see that MATIC is spending a lot of time inside the 0.382 and 0.618 levels of Fibonacci retracement. (Purple Boxes) In addition, the bottoms and tops that form the symmetrical triangle in both patterns are made at the same Fibonacci levels. This is another indication that the two patterns are very similar. (Red arrow and circles) Therefore, when we look at the Fibonacci levels again, we can see that when the bull season is entered, the targets will be $10 and $87, respectively. This means 1672% when the first target arrives; In the second target, a profit of 14000% will be obtained. Since the risk/reward ratio in this scenario fits my trading style and strategy, I made my first purchase at this level. I will add when the orange resistance is broken and retested, and I will add my position at the retest after the triangle break (black) and wait for the $87 level.
MLong
by YavuzAkbay
3
MATIC STRONG BEARISH Falling KnifeTrend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens caused a $387 million wipeout from the crypto market. Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish. The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform. While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag. Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action. Regulatory fear leads traders to liquidation In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens. As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself. According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period. Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most. Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million. Red season for the cohort Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI). At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state. The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
CAPITALCOM:MATICUSDShort
by DaveBrascoFX
[UPDATE MATIC] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use MATIC as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
CRYPTO:MATICUSD
by Homocryptus
MATIC is about to finish BEAR market!Hello, my friends! We had two options in analysis for today: MATIC and ETH. MATIC won this battle. This asset has the very interestin price formation. Therefore I can assume that bear market will be finished soon. Last dump affected BINANCE:MATICUSDT also, but price was not able to break even the lowest point of the current bear market. Let's take a look at the price chart. Let's consider the following Elliott waves marking. Using our favorite Awesome Oscillator I defined the wave 3 bottom. It's located at $0.34. After that we saw the huge in terms of time wave 4. This reactive wave has been represented as the ABC zigzag correction. Of course it has reach a little bit higher price that it is usual for such waves. Waves 4 usually reach the zone between 0.38 and 0.5 Fibonacci retracement, applied to wave 3. In our case we saw the 0.61 level, but it's ok. Wave 4 in my opinion is 99% finished and I am not waiting for the price above $1.5 before it will break down $0.34 low. The main reasons for that is zero line crossover on Awesome oscillator and the increasing donward momentum. Now I consider the wave 5. The final wave in this bear market. I cannot define the target for the wave 5 but price should set the new lower low. The best confirmation for the bull market start is gonna be our five magic bullets: 1.Bullish divergence with Awesome Oscillator 2.Fractal at the bottom on 4D - 1W time frames 3.Squat bar at the bottom (or even bullish reversal bar) 4.Momentum change to the upward 5.Target zone reach (below $0.34) Be patient, market will give us the insane opportunity very soon. Best regards, Ivan _____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
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by Skyrexio
3