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Maticusdtanalysis

MATIC looks tired MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline. A good strategy is repetitive, and even boring. Keep it simple and efficient.
COINBASE:MATICUSDShort
by JC7USA
2
Can we get a golden opportunity soon?So there are a few things that I noticed, and it could be a great opportunity to consider either SPOT or FUTURES trading. As you can see BINANCE:MATICUSDT was holding an uptrend channel it has been a good support since June 2022. Looks like it is breaking down which is a very bad sign to go down further, but there is a major support zone at 0.3-0.35 area. This support zone must hold it otherwise we might even see a 0.05 area. The closing candle around 0.485 will be 3rd BOS (break of structure), and confirmation to continuously go down. I will consider Long trade around 0.3-0.35 area.
MShort
by terayu
1
MATICUSDT: Next move can be upwards and towards! BINANCE:MATICUSDT price failed to fill the liquidity void area where luckily we have strong buying zone too. Price is likely to bounce back from this zone strongly and it is likely to continue the strong momentum. Like all crypto pairs we still expect price to bring more strong buying volume. Good Luck and Trade Safe. Like our work? Then please like and comment our ideas which will encourage us to bring you more content. Thanks a lot. Team SetupsFX_
MLong
by Setupsfx_
26
MATICUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 0.9 - 1.2 - 1.4 after first target reached move ur stop to breakeven Stop: ~0.52 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
MLong
by trytofeelpositive
10
MATICUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 0.97 and 1.05 after first target reached move ur stop to breakeven Stop: ~0.68 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
MLong
by trytofeelpositive
3
MATIC target 1.4712h time frame - MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64. - TP: 1.44~1.47 SL: 0.7145
MLong
by EthanTW
1
MATICUSDT - D1\H4MATICUSDT D1 - The price is in a corrective movement after a strong impulse, the movement may continue to the level of 0.640 from these levels, you can look for a pattern to enter a buy. Or wait until the trend line level is fixed and consider buying. H4 - The price has formed a triangular formation, and potentially a 3-wave formation. You can try to buy from current levels or on breaking through the 1st wave with targets to levels 0.98 - 1.00 What can you expect? After fixing the level of the upper border of the border, the entry can be considered from level values of 0.77 - 0.79. Cancel the idea, return to level 0.72 Long Targets 0.8456 - 0.8764 - 0.9220 - 0.9823
MLong
by Trade_Hive_Signals
MATICUSDT - D1MATICUSDT D1 - The price is moving in an ascending channel; if the price is fixed at the level of 0.75, the price may continue to move to the levels 1.1420 - 1.1960. When the trend line is broken, a corrective movement from the impulse on W1 may begin. What to expect now? Waiting for the breakout and fixation beyond the level of 0.75. It will be possible to consider buying with a short risk on the idea of a breakdown of the channel level. The nearest targets with this formation are 0.97 Complete cancellation of the scenario of breakdown and retest of trend line D1. Short Targets 0.8158 - 0.8932 - 0.9700 - 1.1420
MLong
by Trade_Hive_Signals
1