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MATICUSDTPERP

#MATIC/USDT#MATIC The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in the color EUR at 0.5340 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.5500 The first target is 0.5980 The second target is 0.6307 The third goal is 0.6720
MLong
by CryptoAnalystSignal
#MATIC/USDT#MATIC The price is moving in a head and shoulders pattern on the 4-hour frame and sticking to it well We are now at the end of the formation of the right shoulder, and a rebound to the upside is expected We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.7300 The first goal is 0.800 The second goal is 0.860 The third goal is 0.9270
MLong
by CryptoAnalystSignal
1
Polygon Matic price is at the bottom of global consolidationDuring the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20 However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy. Whether this is true or not, we will soon find out, because if the price of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
13
Matic/Usdt Plan MATIC/USDT appears to be gearing up for a breakout on the 4-hour time frame. In the event of a successful breakout, we could potentially see a bullish rally of 30-40% in the short term. I anticipate this breakout to occur soon, but it is important to wait for confirmation before taking any trading actions. Please note that this is not financial advice, and it is always recommended to conduct your own research (DYOR) before making any investment decisions.
MLong
by Crypto-By-Ghazi
1
Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser. In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders. In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea. On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs. What will happen this time? Write your thoughts in the comments.
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by P_S_trade
7
Polygon MATIC 2024 Price PredictionTLDR: My 2024 targets from low to high are: 1. 1.92 USDT, the 0.618 Fib retracement. 2. 2.36 USDT, the 0.786 Fib retracement. 3. 2.57 USDT, 400% from the recent HL on the weekly TF. 4. 2.92 USDT, the 2/1 Gann angle (considering price and time). Background (Weekly TF): Matic was in a downtrend from December 2021 until June 2022. MATIC lost 89.54% of its USDT value during the downtrend, which is remarkably good for a cryptocurrency. Between June 2022 and February 2023, MATIC’s price rose approximately 400%, not too bad for a bear market. From February 2023 until October 2023, MATIC was in a correction. MATIC managed to finish this correction with a HL of 0.49 cents. This means that MATIC maintained the uptrend and completed the overall correction with a Double Bottom. Support and Resistance (Weekly TF): MATIC is above the 0.236 Fibonacci retracement at approximately 93 cents. It is yet unclear if it will hold this level or not. MATIC is 99% correlated to Bitcoin, and much depends on Bitcoin’s PA, which is unclear. The next significant resistance is the 0.382 Fibonacci retracement at 1.30 USDT. A Weekly supply zone compounds this resistance. This zone’s proximal line is at 1.28 USDT, and the distal line is at 1.5 USDT. The 4/1 Gann angle is also approximately at the same level, strengthening the resistance level. Unlike Fib retracements, which are horizontal, a Gann angle is diagonal and considers price and time. For this reason, I cannot put a number on this resistance. Volume Profile: Fixed Range Volume Profile taken from December 2021 until today shows the PoC is at the same level as the 0.236 Fib retracement. If MATIC manages to hold above this level, it could become a significant support level. The VAH is at 1.08 USDT, acting as resistance on the daily TF. A Fixed Range Volume Profile taken from the bear market low shows the PoC is at 85 cents. From a PA standpoint, the 85 cent is a notable S/R level. Should MATIC lose the 92-cent level, the 85-cent level could be appointed in which MATIC will find support and turn around. 2024 Targets: Predictions are a thorny issue. What I am doing as an analyst is driving forward while looking in the rearview mirror. Take my prediction as an educated guess and always trade the chart level to level. I assume 2024 will be a good year for crypto because of macro factors such as the Bitcoin ETF, the US FED rate cuts, and the presidential election race. MATIC has proven itself to be a resilient and volatile asset, which makes me optimistic about its prospects. MATIC managed to rise 400% in eight months during a bear market. Assuming the same level of performance in a bull market is conservative. My 2024 targets from low to high are: 1. 2.36 USDT, the 0.786 Fib retracement. 2. 2.57 USDT, 400% from the recent HL on the weekly TF. 3. 2.92 USDT, the 2/1 Gann angle (considering price and time). What do you think? Please share in the comments.
CRYPTO:MATICUSDLong
by NewThoughtCrypto
📊#MATIC cup-handle structure established, huge upside potential🧠As analyzed in my last post, we successfully broke through the short defense point and previous high above. This means that the cup-and-handle structure is established, and it also means that the upside space above is completely opened. So expect us to go even higher. 🙏🚀🌕 ⚠️Note that although we are actively bullish, it does not mean that you should enter immediately, because the current stop loss range is too large, and the profit and loss ratio is not ideal, so be patient and wait for the entry opportunity after the correction. ☕️ Let’s see 👀 🔥Congratulations to all the friends who followed us to print money🎉💰🍻 🍻I have helped everyone make money, so I hope you can also help me. Please remember to like❤️share my analysis posts and channels. 📤
MLong
by wolf_king888