POL Breaks Out of Monthly Downtrend, Ending Consolidation Phase.POL has recently emerged from a significant downtrend following an extended period of consolidation. It has successfully surpassed the 0.2200 resistance level that defined this consolidation range and is now working to maintain its position above this threshold. This presents a potential opportunity to enter a long position, with price targets set between the 0.2400 and 0.2500 levels.
Polygon
(B3) Base3 "NFT opensea challenge"Something to consider when developing an NFT project to be offered on Opensea; Even though Base is offered as an alternative to Ethereum, the highest cost blockchain, B3 is tradable. With NFT projects an aspect of their profitability comes from the tradability history of Ethereum NFT information, as we know. If you consider developing and offering an NFT on Opensea you may want to consider a tradable layer-1 that you can hold in value along with offering NFTs for trade/sale, such as; B3, Avalanche, Polygon, Sei, Arbitrum, Berachain, Blast, Ethereum, Flow, and Optimism. And if you use Binance you could also consider Klaytn--not traded on Coinbase or Kraken. BASE is the new cutting edge offering trending so much based on PEPE coin yet what it does not have is the ability to see the growth of the chain improve the price of the NFT. This is something to consider when you decide to offer an NFT on Opensea, or elsewhere. I'm not trying to hate on Brian or BASE so much as I'm seeing the concept behind why I would actually choose B3 over using BASE, and so on. Berachain is sort of new and I would not swear by it, plus, who wnats to see a bear market right now, not me. Lots of people talked about Arbitrum and the fact is for as much hype as was placed on Arbitrum the outcome was not great enough to counter the more popular Solana.
(MATIC) POLYGON "past ticker"Polygon was originally listed to Coinbase on 3/11/2021. Now what was MATIC goes by POL. POL was listed during September of 2024. For whatever reason it seems like Polygon (POL) has not seen as much attention as with when Polygon was (MATIC). Also, Solana (SOL) has been the main avenue of attention for the last couple of years outside of the mass appeal for NFTs on Ethereum's blockchain and Bitcoin payment system, savings adjusted reality.
Polygon Ecosystem 4,300% Potential @10XHere we have several signals related to the candles low and close.
We've been looking at Polygon (POLUSDT) for a long while now and this is a great example of 'patience is key.' Definitely mandatory to have patience. It takes time for the bullish wave to unravel because we are always early, but once the action starts it cannot be stopped. We have the blessing of being able to be around right at the bottom, with plenty of time to plan, buy-up and accumulate. Many people won't be as lucky, they will hear/learn/know about the market only when it is too late or when the bullish wave is halfway.
The last candle closed as a hammer with the highest volume ever. The session low is a higher low compared to the 3-Feb session. A hammer is a reversal signal when it comes at the end of a trend. The high buy-volume confirms the hammer as a bullish reversal signal. Normally, 1-2 weeks are needed for confirmation but we know that will happen next. I don't wait.
The close this week (last week) ended up being higher than the late October 2024 market low. This is another important signal. Twice POLUSDT wicked lower in February, but closed above this level. This level is marked with a purple line on the chart.
As a friendly tip. We are active with high leverage on this pair.
The chart is ready, the market is ready and timing is great.
430% potential with 10X can lead to 4,300%. This is possible and do-able. There will be more of course. Opportunities abound in this market. Crypto is going up. Buy and hold.
Thank you for reading.
Namaste.
MATICUSD - Still WaitingMATIC is a popular altcoin that I believe is undervalued
I have a target of $10 for myself
I think the run will be a very fast run up similar to the first run up
My thoughts are plotted with the bars pattern tool in green
The run will occur during an alt season that is yet to come
The horizontal support is the dotted line
What are your thoughts on MATIC?
MATICUSD - Descending Scallop Reversal PatternA reversal pattern on this 4Hr chart for MATIC
MATIC has been beaten down hard and is due for a reversal and this pattern suggests it
Price slowly will flip towards the bulls favor and they will take control
The scallop pattern can be identified by a curve like this, this one being a descending one
Again the 4Hr chart
POL/USDT: Ready to Rocket Past Resistance?POL/USDT is currently consolidating within the daily FVG after pulling back from its peak. Since early December, the price has remained below the descending trendline, acting as resistance. A breakout above this trendline could trigger bullish momentum, presenting a strong entry opportunity. Key targets are highlighted on the chart.
POLYX Buy Signal Given!Trading Fam,
It’s been a bit slow recently so I thought I’d throw out a free alert just to keep you all in the game. We’re getting close to another run here soon. I know, it feels like I have been saying this for weeks. I have. Trading often involves extreme patience. In our case above, POLYX has given us not one but two green dots from my Dots and Blocks indicator inside the liquidity block. This gives me a special confidence that this coin is going to run soon. I would target that double-top at .435, take some off, and let the rest ride.
Best of luck. Hey, if you do enter this trade and make some cash, be sure to come back here and let me know in the comments. I love it when my followers find profits.
✌️Stew
Polygon at Key Support Zone - Will It Bounce to 0.4700?COINBASE:MATICUSD has reached a significant support level that has previously attracted buying interest, often resulting in bullish recoveries. This level aligns with previous market reactions, highlighting its role as a key area to watch.
If the support holds and bullish confirmation emerges—such as bullish engulfing candles or long lower wicks—a move toward the 0.4700 level is anticipated. However, if the support is broken, the bullish outlook could be invalidated, opening the door for further bearish momentum.
Traders should closely monitor this zone for signs of buyer strength before considering long positions. As always, risk management is essential to mitigate potential losses.
POL/USDT Trading ScenarioIn November, POL showed confident growth driven by euphoria following the U.S. presidential election results. The asset's price surged from $0.2852 to $0.7705, marking a gain of over 160%. However, profit-taking by market participants soon followed, resulting in a correction that now exceeds 46%.
Currently, seller activity appears to be waning, with a support level forming at $0.4104, from which the price has rebounded twice. Volume profile analysis indicates that POL has stabilized within a zone of market interest.
Further declines may occur as liquidity from short-term players is absorbed, potentially setting the stage for a trend reversal. The recovery dynamics and subsequent growth of the asset are largely influenced by U.S. macroeconomic indicators. Special attention is being paid to the Federal Reserve's decisions on adjusting the key interest rate, which are revised based on current data.
TradeCityPro | MATIC(POL) Fresh Look at MATIC During Christmas👋 Welcome to TradeCityPro Channel!
Let’s analyze POL, formerly known as MATIC, due to your frequent requests. 😊
🌐 Overview Bitcoin
Before starting, let’s take a look at Bitcoin. In the 1-hour timeframe, it is currently fluctuating below the 98807 resistance. This resistance has been tested multiple times, indicating a high probability of breaking through.
It seems likely that Bitcoin dominance will increase along with this potential upward movement. Therefore, it might be better to either
Open a position on Bitcoin itself, Look for altcoins that show a bullish trend against Bitcoin and take triggers to open positions, Just make sure to watch out for Bitcoin’s low volume.
📅 Weekly Timeframe
MATIC, which once ranked well in the market, is now underperforming. The repeated blockchain hacks have caused significant damage to its ecosystem, leading to the rebranding from MATIC to POL.
MATIC could have remained among the top 10 coins, but poor project management caused DeFi activities and TVL to shift to platforms like Solana, SUI, and Base.
Personally, I wouldn’t consider buying MATIC unless its DeFi ecosystem becomes active again. For those interested in purchasing, buying above 0.7629 could be an option, but only if the volume increases for both the coin and its chain.
If you have been holding MATIC for some time, I suggest selling below 0.3636 in the weekly timeframe. On lower timeframes, I can suggest other exit points. Alternatively, you can use DeFi platforms to create USDT liquidity using borrow & lend mechanisms.
Note that MATIC faked the 0.3636 support and rebounded with a bullish engulfing candle, creating a new upward move. Personally, I might become interested in this coin after 1.2457.
🌞 Daily Timeframe
After bouncing from 0.2922, MATIC had a solid upward movement. However, most coins experienced similar trends, so it cannot be said that MATIC outperformed.
If the price doesn’t drop below 0.4738, it can be considered a sign of gradual recovery. This level is significant both from a Dow Theory and Fibonacci perspective. If 0.5794 resistance isn’t broken and the price gets rejected, there is a high probability of losing the 0.4738 support.
I recommend selling your holdings if the 0.4738 level breaks and you have purchased at higher levels. However, if your entry was at 0.3623 or lower, you can continue holding and exit risk-free.
⏰ 4-Hour Timeframe
MATIC is currently stuck below the 0.5316 resistance and fluctuates within the range of 0.4654 to 0.5316.
📈 Long Position Trigger
I would personally avoid this coin due to its low volume. However, after breaking 0.5316, you can open a risky long position if you’re comfortable with the risk. I’d still prefer to long Bitcoin instead.
📉 Short Position Trigger
given the weak condition of this coin, you can consider opening a short position below 0.4654. Keep in mind that your short trades should have quick profit-taking and small stop-losses to exit the market efficiently.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Possible scenario for POL for next few monthsHello, looks like we are in a big challenge aren't we?
Not only BINANCE:POLUSDT but also almost every cryptos are dropping hard due to news of the U.S. interest rate cut adjustments.
In last post, I mentioned two possible scenarios, rally or adjustment, and we are in adjustment unfortunately. However, don't jump into conclusion that cryptos are doomed and there will be only a apocalypse. It's too early to say that.
Today, I wanna share my point of view of future scenarios of POL. And I tell you my conclusion first: LONG 📈. Here's the reasons.
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1) Now the price almost touched 60 days moving average line, and 4 Hours Chart RSI is also in oversell area. This can be as a possible support for a short period.
2) Also, the price is almost near of 0.618 level of Fib. retracement($0.45). In addtion, there were a lot of trading volume in the past, which means also there will be a support. I believe that price will not go down easily through this level.
3) If we consider past 30 days of rally as an eliot impulse wave, I think we are in ABC correction phase. And after that, we can think another rally again.
4) If we look into a chart with weekly period, I think this kind of view is also not quite impossible... but it's just my hope for now.
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Hope my vision will come true in the future. Don't be so disappointed, fellows! Our life and journey are "long", and so is our chart.
Polygon(POL) bull market has not ended yet!Recently, Polygon had reached $0.768 which is the highest price during last few months.
Now the price is dropping pretty much from the highest point, but I still believe this is not the end of altcoin season, also the season of Polygon.
I think the recent price drop was inevitable since RSI was in overbuy area for few days. The point is, If the price continues to be supported at the 0.382 level of $0.55, I think the upward trend could continue, leading to a rally up to the 1.0 or even the 1.272 level. And in that case, price would be between $0.97 ~ $1.08.
Moving average golden cross has just appeared. It is still worth to wait and look.
POLUSDT - 1H - Critical point: $0.35 - $1POLUSDT - 1H - Critical point: $0.35 - $1
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POLUSDT - 1H - Critical point: $0.35 - $1
We are in the support zone of the current bullish trend. It should be a good support point to boost the price up to $0.98-$1.
On the contrary, if it continues to delve into its current bearish channel, it could lose all interest for the investor and could collapse to $0.34 - $0.35.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
pol pol usdt daily analyses
time frame daily
risk rewards ratio > 5 ( incredibly )
look at the chart
this analyse is base on price action and support and resistance
pol has 2 resistance boxes above its price
the weak one ( red ) and the strong one (blue)
pol broke the weak resistance and price came down little and moved up and broke again.
now it pass the first box and will move to strong one.
if pol can break second resistance ( blue ) we will reach our valuable target and 500% benefit
it is not out of reach
POL/USD 1W !Hello everyone, I invite you to review the POL/USD chart taking into account the interval of one weekend.
As we can see, the price has been moving in a downtrend channel for a long time, where there is still room for price increases.
Additionally, it is worth mentioning that a positive upward exit from the channel may result in a strong increase close to the channel height around $1,89. However, before this happens, the price must overcome the strong resistance zone from $0.78 to $0.91, and then the resistance at $1.09 near the upper border of the channel, which will open the way towards strong resistance levels at $1.58 and then $2.38. Currently, we can see the price staying above the support at $0.59 and further protected by a strong support zone from $0.47 to $0.28.
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.
Polygon (POL) AKA "MATIC" - Long Key LevelsPolygon (POL) or "MATIC" has experienced a strong rally recently, climbing from its monthly low of $0.40 to its current price of $0.70. This implosive move has brought the bulls to push POL to a critical descending trendline resistance level that the bears have held in a long-term downtrend since 2022.
The key level to watch is the $0.76 mark, where the neckline and trend line meet with previous resistance zones. A breakout above $0.76 could potentially surge POL to it's 1st target which is around a resistance level of: $0.89. If momentum continues, then price action will retest between: $1.23 - $1.48 representing a potential upside of +100% from the breakout at this current point