MATIC/POLYGON - long position |AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity MATICUSD
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MATICUSDT
0.3840-0.5620: Important boundary rangeHello?
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(MATICUSDT chart)
(1M charts)
The StochRSI indicator has entered the oversold zone and a change in slope has occurred.
Accordingly, the possibility of a trend reversal in the StochRSI indicator is increasing.
The key is whether the price can be maintained above 0.4010.
(1W chart)
On the 1W chart, the 0.559 point corresponds to an important support and resistance point.
Accordingly, the key is whether the price can be maintained around 0.559 and rise.
(1D chart)
With the 0.3840-0.5620 range as the boundary range, we believe that anything below 0.3840 corresponds to the mid- to long-term investment period.
Accordingly, if it falls below 0.3840, it is recommended to stop trading and wait for it to rise.
In order to reverse the trend, the price must be maintained by rising above the MS-Signal indicator on the 1M, 1W, and 1D charts.
Accordingly, the price must be maintained by rising above the M-Signal indicator corresponding to the MS-Signal indicator.
(MS-Signal indicator is composed of M-Signal indicator and S-Signal indicator.)
Since it has not risen above the MS-Signal indicator on the 1D chart, it has not been able to turn into a short-term upward trend.
Therefore, in order to turn into a short-term uptrend, the price must rise above 0.5620 and maintain the price.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Dollar-Shop altcoins 💵 MATIC, SUI, ARBHi Traders, Investors and Speculators of Charts📈📉
For now, this is the last video in the 3-part series of altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
SUI makes some great arguments in terms of fundamentals, including horizontal scalability and being able to directly pass an asset (such as an NFT), directly into a function argument; great for storage.
MATIC looking like it wants go head back to the 30's:
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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CryptoCheck
BINANCE:MATICUSDT COINBASE:MATICUSD BINANCE:ARBUSDT COINBASE:ARBUSD BINANCE:SUIUSDT BITSTAMP:SUIUSD
MATIC's Market ResilienceOn October 12, 2023, MATIC is priced at $0.5090, holding strong in a shaky market. Polygon (MATIC) has caught the market's attention mainly because of its Layer 2 scaling solution for Ethereum. This has led to increased interest from institutions, new partnerships, and a positive outlook in the crypto market, propelling a 57% growth since the start of 2023.
Most Probable Scenario:
The technical analysis for MATIC shows mixed signals with both bullish and bearish outlooks. On one hand, the inability to reclaim the 50-day EMA has triggered a sell-off, hinting at a potential test of the crucial $0.49 support level. Additionally, a possible bearish flag pattern suggests a further decline towards the $0.50 mark. On the other hand, Elliott Wave analysis presents a bullish outlook, hinting at potential upward movement in the near term.
MATIC's price behavior has shown similarities to Ethereum's past price action, suggesting a possible strong rally in 2023 if this pattern holds. Like Ethereum, MATIC's price was positively impacted by a bearish reversal on the U.S. Dollar (DXY), which could play a significant role in its future price movement.
In the short term, analysts project a price of $0.54246 by October 12, 2023, and $0.745609 by October 14, 2023. However, the general sentiment is leaning towards a bullish outlook for MATIC in 2023, especially if it continues to follow a similar pattern to Ethereum.
This analysis brings together a range of technical and fundamental factors that could affect MATIC's price. Continuous monitoring of market dynamics, particularly the U.S. Dollar trend and Ethereum's performance, alongside MATIC's fundamental developments, will offer a clearer understanding of its future price trajectory.
Inverse Cup and Handle - A Bearish Signal 🚫🐻There's a notable pattern emerging on the MATIC (Polygon) weekly chart that's raising eyebrows – an inverted Cup and Handle. This pattern is not to be taken lightly, as it signifies a strong bearish signal. If traders are considering short positions on this coin, they should watch for a retest of resistance and set their stop-loss orders above the pivot level. 📊
The Inverted Cup and Handle:
A traditional Cup and Handle pattern is usually a bullish indicator, but when inverted, it takes on a bearish connotation. In the crypto world, this pattern is a warning sign that suggests a potential price drop. 🚫🐻
Timing the Entry:
For traders looking to enter short positions on MATIC, patience is key. Wait for a retest of the resistance level before considering entry. This retest can confirm the strength of the resistance and provide a better entry point for short positions. 📉
Setting Stop-Loss:
Risk management is vital in trading. If entering a short position, set your stop-loss orders above the pivot level. This strategy helps limit potential losses if the trade doesn't go as planned. 💼🛡️
Final Thoughts:
The crypto market can be highly unpredictable, and technical patterns like the inverted Cup and Handle can provide valuable insights. However, it's essential to approach trading with caution and a well-thought-out strategy.
Traders should also stay informed about MATIC's fundamentals and any market news that could influence its price.
Bear in mind that trading in cryptocurrencies carries inherent risks, and it's essential to perform thorough research and use prudent risk management techniques.
❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
MATIC Faces Rain 🌧️, Next 24 Hours Bearish Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Polygon, Ether, Cardano, and Polkadot may come under pressure.
Over a one-week horizon, the bearish trend will continue to linger over the crypto universe with Bitcoin being the notable exception. Slightly bullish sun ☀️ will shine over the world’s largest cryptocurrency with a possible upside in its price over this longer time horizon, ATTMO forecasts show.
Follow us for more crypto weather reports!
MATIC/USDT 1DIntervalI invite you to review the MATIC chart. As we can see, the price dropped below the blue EMA Cross 200 line, thus returning to the strong downtrend. However, here, after marking the downtrend channel, we can notice that the price breaks out of it sideways, which may have a positive impact on it and may translate into a change in direction.
When we unfold the Fib Retracement grid, we can see that the price has returned and remains in a very strong support zone that starts at $0.58 and continues up to $0.31.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that there was a strong rejection of the price from the zone from $0.74 to $0.90, but when the price breaks it, it will have an open path towards the second zone from $1.15 to $1.33.
The CHOP Index indicates that the energy is gaining more and more strength. However, the STOCH and RSI indicators show a visible recovery with room for the price to drop to a lower level.
MATIC - Elliott Wave Overview ✅Here we have the 2week chart of MATIC. We can see that we're in a clear bullish motive wave.
We are currently in wave 4 which appears to be a complex ABC wave.
We are looking for subwave c move higher to complete wave B.
Trade Idea:
- Entry on red trendline break
- stops below the lows once trendline breaks
- Targets: 1, 1.4, taper
Goodluck and as always, trade safe!
"Matic Unleashing the Potential of Layer 2 Scaling in Blockchain Riding a Bullish Wave Today
Matic Network (now rebranded as Polygon) is experiencing a remarkable bullish trend today. With its robust layer 2 scaling solutions for Ethereum, Matic has become a key player in the blockchain ecosystem. Its recent surge can be attributed to growing adoption by decentralized applications (dApps) and DeFi projects seeking to alleviate Ethereum's congestion and high gas fees. Additionally, Matic's commitment to interoperability with other blockchains has garnered investor confidence. As institutional interest in the broader crypto market continues to rise, Matic's innovative approach to scaling and its expanding ecosystem position it favorably for sustained growth in the near term.
MATIC Bullish 24-Hours and One-Week Horizon ☀️Bearish clouds ☁️ weigh on the global crypto market in the next 24 hours, signaling a downside risk. However, Cardano, Avalanche and Polygon face more lenient trading conditions, with ATTMO indicating some slightly bullish sun. ☀️
Over a one-week horizon, this slightly bullish sun is set to shine over both major cryptocurrencies – Bitcoin and Ether. ☀️ This upward trend is forecast to be even stronger for Cardano, Avalanche and Polygon.
Other coins, including Litecoin, Ripple, Binance Coin, Dogecoin and Polkadot won’t profit from this sun and will continue to face slightly bearish clouds. ☁️
Follow us for more crypto weather reports!
MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537.
💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally.
💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
MATIC/USDT bullish momentum? 👀 Matic Today Analysis💎 Paradisers, pay attention! We are observing an exhilarating opportunity with #MATICUSDT as it breaches the daily resistance level, gearing up for a bullish move.
💎 Upon meticulous analysis, we’ve noted that #MaticNetwork previously broke below the ascending channel and embarked on a downward trajectory. Currently, it’s unfolding two possible scenarios.
💎One possibility is it retests 0.5499 and initiates a bullish move. The second scenario is it breaks that level and establishes a downward trajectory to retest the daily support level.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this MATIC/USDT update from Crypto Sanders.
Chart Analysis:- Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process.
MATIC/USD moved to an intraday high of 0.5937 in today’s session, which comes following a low of 0.5523 the day before.
This resulted in the polygon climbing to its highest point since August 29, when the price peaked at 0.6355.
the surge saw the relative strength index (RSI) rise past a ceiling at the 62.00 zone.
the index is now at a reading of 62.76, with an upcoming resistance level at the 70.00 point.
A crossover between the 10-day (red) and 25-day (blue) moving averages also seems to be one of the reasons for today’s rally.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
MATIC - 04/10/23#MATIC
Very bullish making a higher low this month to date at $0.5413, looking to take out the SUPPLY at $0.6387 which would try the Monthly high as well.
MaTicHi guys
I just think this currency is very attractive or do you also believe that we have an attractive trend ahead?
Our long-term downtrend line is preserved. As a result, we do not expect an upward trend in the medium term.
However, due to the engolfing of the resistance area and maintaining the support area of $0.4856, and most importantly the price lag in Ichi Moko, I expect the formation of an upward trend.
MATIC Idea & SignalBINANCE:MATICUSDT
Hi traders!
The good time to enter the trade, when price have been broke resistance line and within the upward channel and slightly above the closed candles of the past 2 hours.
One crucial thing to do in trading:
Pay attention and be patient.
And one important thing not to do: be greedy and lack stop loss and take profit orders.
Good luck!
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
MATIC Long Position IdeasMatic/USDT, have break the neckline of the double bottom in (1D/4H TF), possibility neckline will be the new support for Matic at 0.5472, i'm hoping the price to break the resistance at 0.5690, and it should continue the bullish, helped by stochastic RSI crossing at the 4H TF. Comment if you have different thoughts.
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.
maticAccording to the movement he showed, he is likely to reach high numbers, but he has corrections in the low time
MATICUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. NFA.
MATIC - Buy AreasIf you are not buying magic now at 0.5 I dont know when you plan to start. Two shaded areas are buy levels for Matic, this project will not die.
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:
