MATIC Critical support directionHey guys, here what a new update in MATIC.
Using the Daily chart;
>Price ended up falling all the way to the local support at 0.85. Support has been holding well so far so a critical movement is about to occur either UP or DOWN.
>IF price breaks below the white support line ,we will be likely heading close to or into the next support located at 0.61.
>IF price breaks above long term target is $1.7 and $2.8 bullish scenario.
>this is a CRITICAL support area and 0.85 is a very important support so i am expecting a big movement either up or down.
>Both support and resistance of the wedge seem to hold and be important as they have served their purpose 3 times each.
For the trader who wants to trade this chart, draw the wedge and place alarms below the support in case we break to the downside.
MATICUSDT
MATIC LONG OPPORTUNITYMatic has been 38 Days exactly in sideways action. I believe a big movement is going to occur on MATIC either UP or DOWN. It looks like a good trade with a goodrisk : reward so its definitely worth taking the shot. BNB was broken out of the symmetrical triangle so I will assume MATIC is going to follow the same steps as they both go together and Binance owns MATIC. I may still be wrong but its worth the risk taking.
MATICBTCA double bottom or double bottom pattern at the end of a descending angle pattern indicates a temporary uptrend
Of course, we must allow the upcoming resistance to be broken at 0.0000339
matici got matic about bottomed and finished with the HTF B wave. Now loading C wave back to $5 plus
MATIC Lower time frame predictionClear movement of matic on the uptrend after short short move to it target
#Matic yet again gets a chance to BuyMatic for Day traders! An initial good time to buy for dual hedge setup, Initially a inside cancel l is yet to form assuring its dominance on bull side, initial is 0.8455 as idle buy res is 0.8769 where final targets are about 0.9028.
0.8769 is the time one can get res and yet a good buy.
Pardon for the hand made arrow! hahah
MATIC/USDT 1DInterval Resistance and SupportHello, I invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel from which the price came down.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first strong support is at the price of $ 0.79 when the price drops below the next support is at $ 0.58
Looking the other way, we see that the first resistance is at $0.99, the second resistance is at $1.10, the third is at $1.19 and then we have a strong resistance zone from $1.28 to $1. $41.
Please look at the CHOP index, which indicates that most of the energy has been used, the MACD indicates a change in the trend to an upward trend, while the RSI shows that a small increase in price has given a strong move on the indicator, which in the long run can affect a quick correction.
MATIC #Intraday longCounterreward - risk, local bounce up. Trade from momentum and volume, stop short for 0.825 or under the low.
Targets by levels.
Support for author subscription ✅ and start rocket 🚀.
Good luck and profit to all.
What will be the destiny of MATIC ?IT'S NOT FINANCIAL ADVICE
I WANT TO PRESENT WHATEVER IS IN MY MIND.
SO IT'S JUST A PERSPECTIVE
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Hi guys, this is my overview for MATICUSDT, feel free to check it and write your feedback in the comments, AND don't forget to share this analysis with your friends.
Are you ready? LET'S GO
Hello.
new day, new analysis.
at this time I want to dedicate an analysis of #MATICUSDT to you.
to draw a Parallel channel you need two points at the bottom and one point at the top.
I use Fib Channel because I needed to show you the second top of the channel.
I drew a channel and as you see we have a nice reaction to the top of the First channel and finally, it's broken. after Pull-back the price moved into the second channel and sometimes the midline stopped the price and a resistance zone and sometimes it works as a support zone.I believe that it's not necessary to explain.
the main content is we broke the bottom of the second channel (top of channel one) and the price dropped. and it's confirmed.
so we should wait to re-action of the price to the midline of channel one.(red line = 0.5 ) in the price of 37-42 Cent.
if this zone could not hold the price, the next target is the bottom of the channel at 12-14 Cent.
if you can keep my secret, I wanna tell you something.
i puted my orders in the 3rd zone (12-14 Cent)
it's the best position to buy and hold for the long term. I believe that the future of MATIC is bright.
so, don't lose this opportunity.
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please write your comments below and tell me what you think about the future of #MATIC ... do you agree with me?
and don't forget to share this analysis with your friends.
Sincerely Yours
MATIC - Outlook 17 05 2023MATIC Overview
There is a potential short entry into wave II cycle, in the current minor wave, it is potentially heading towards the 38.2% area, which is the wave 4 retracement area before continuing the decline to wave 5. then matic will rebound strongly
Matic Short ScalpEntered into a short Scalp from here 0.8700 with close SL because not too confident on it.
Short idea is because of
Recent Two H4 closes is below Monday low price which is currently capping the price.
Recent H4 closed as Hanging man candlestick.
I have starting creating ideas here. So you can follow me for more. Thanks in Advance :) ;)
Note: Not a Financial Advice.
MaticIn the short-term view, we have the resistance facing us, and if there is no support, in the first stage we have two green lines towards the important support area, and after that it will be checked again.
Matic is on a ride. Yet a fall can confirm its direction.Hello everyone. I hope everyone is well.
I recently got lot of request to put up matic and here it goes.
Matic is a veryy good buy (I am SAYING this because i know) and yet long HODLERS need not to worry. Yet new buyers need some direction as-to where can this moment lead to.
Now as matic fell, most likely it has to be following a parallel channel, small swing can test 200SMA, but what my concern is it could yield profit both ways, currently matic is in a sidephased momentum where mostlikely 0.7962 if it not stays likely to fall for more till mentioned, It is a cumulative analysis I have done based on Days Week and Months chart and is not suitable for Day trades, though this synopysis can be taken to manually do trades as you wish. Most likely 0.9099 can lead it to a great space as usual. But for sure, if altcoins roll, they might,
But if someone asks me, what you'd feel for long term? It is $20 and above. Keep holding Matic.
🔥MATIC's Next Big Move: Navigating the $0.77-0.84 Value Area🔥Hi, friends! Matic is going to test the $0.77-0.84 value area. It's a huge value area that possibly can be a great support for the price.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the previous low
2. volume growth
3. squeeze to the trendline
4. bullish BTC is a must-have for altcoins to grow
✅ THE MAIN TARGETS FOR MATIC:
🔥 $1.04 - the local high and even number
🔥 $1.25 - the local high and ket level
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
It's time to take a closer look at the MATIC cryptocurrencyHello everyone! It's time to take a closer look at the MATIC cryptocurrency.
Take a look at the chart, an excellent price reaction is visible when touching the trend line. Growth => correction => bounce off the trend line, and this has already been repeated three times.
I expect the asset price to recover to the 0.618 level according to Fibonacci.
This is not a financial recommendation, everything you do, you do at your own risk.
Polygon Analyze (Road Map, 03/14/2023)!!!🗺️Today let's take a look at Polygon project 🗺️roadmap🗺️ in daily time frame.
First, let's take a look at the fundamental.
Fundamental :
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
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Technical :
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the 🔴resistance zone($1.488-$1.249)🔴, so that wave A has ended on the important uptrend line.
💢Currently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
💢Polygon can also form the fan principle at top pattern.
💢In addition, the sell signal is created by the 50-SMA and 50_EMA.
💢The RSI indicator is also rejected from the 50% line and above the descending channel.👇
🔜I expect the Polygon to decrease to the 🟢support zone($0.77-$0.69)🟢after the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
MATICUSD - Finding Its Bottom Before RiseMATIC has already undergone its strong initial bull run, what we are waiting for is the second move.
There is still much power left in the coin.
MATIC reminds me of an early Ethereum.
Attaching relevant charts
MATIC Update 2023-5-13The critical point of 0.73 is marked on the graph. If the price drops at this point, important resistance will be lost and it is possible to drop the price to 0.42 or less. Otherwise, we can expect a price increase, which should be re-analyzed.
Note : This is a Personal Idea
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Der kritische Punkt von 0,73 ist in der Grafik markiert. Wenn der Preis zu diesem Zeitpunkt sinkt, geht ein wichtiger Widerstand verloren und es ist möglich, dass der Preis auf 0,42 oder weniger sinkt. Andernfalls ist mit einer Preiserhöhung zu rechnen, die erneut analysiert werden sollte.
Hinweis: Dies ist eine persönliche Idee
Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached.
Project development dynamics
For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with:
Adobe Behance
DraftKings
Alan Howard's hedge fund, to develop Web3 projects
Stripe launched global cryptocurrency payments through Polygon.
Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon.
Instagram is also partnering with the project at NFT.
Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future.
Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution.
Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software.
Citigroup published a report in April 2022 describing Polygon as AWS
Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem.
A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion.
In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc.
Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon.
Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May.
Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure.
Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps.
A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation.
Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver.
Outlook for Matic
Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem.
Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses.
Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race.
Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions.
At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price.
The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely.
It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future.
Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50
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