Polygon Breaks Key Resistance: Is a Bull Run on the Horizon..?Polygon has successfully breached the resistance level, showing signs of upward momentum. Currently, it is working to establish a stable position above this key threshold, which will be crucial for its continued growth. Traders and investors closely monitor the price actions to see if they can maintain this upward trajectory and confirm the breakout.
Polygon
POL (ex-MATIC) Approaching the 200-Day Moving AverageHello, dear readers, and happy Thursday!
As the week comes to an end, I hope you’re all making the most of it.
Today, we’re looking at the Polygon Ecosystem Token on the daily chart. The price is approaching the 200-day moving average (200MA) and the 0.236 Fibonacci retracement level. While upside volume is beginning to lose momentum, this could be a positive sign if we consider the bull flag pattern forming with support along the black line. Typically, volume tends to drop before a significant move triggered by price patterns.
This one is definitely worth monitoring in the future.
Thank you for reading, and happy trading!
MATIC (Polygon) Down Channel BreakBreak of the down channel on this 4hr timeframe with an added support of the 200MA in white.
I think this could be the start of a reversal for MATIC as the market is beginning to heat up.
Very cheap still right now.
Bullish on 4Hr and Daily, Weekly so on, timeframes.
Will #MATICUSDT Bounce Back or Dive Further? Key Levels to WatchYello, Paradisers! Is #MATICUSDT gearing up for a breakout, or are we staring at another downward spiral? Let's take a look at the #Polygon's latest analysis:
💎Currently, #MATIC is holding steady within a key support range of $0.337-$0.355, a zone that has proven resilient against downward pressure in the past. This is a positive sign, but #Polygon needs to maintain momentum here to validate any hopes of a bullish continuation. Only then can we anticipate a potential breakout from the descending channel.
💎For #MATIC to truly signal strength, it must decisively break above the internal resistance at $0.439. This level is the gateway to bullish momentum. A clear breakout would likely be accompanied by strong, engulfing candles and sustained volume—hallmarks of genuine market conviction.
💎The risk of losing steam is real. Should #Polygon fail to break through $0.439, sellers could seize the upper hand. In this case, the $0.337-$0.355 support zone becomes even more crucial. If this support holds, we might see renewed buying interest and a potential rebound.
💎However, a break below $0.337 would likely send #MATIC tumbling toward the $0.287 demand level. Should it also lose this level, we could be facing a deeper downtrend—marking a pivotal moment for #MATICUSDT’s trajectory.
Don’t let FOMO get the best of you; wait for clear confirmations before making your move.
MyCryptoParadise
iFeel the success🌴
Polygon: Shaken UpFollowing an impressive 60% rally from the low of the green wave on November 5, POL has seen a sharp pullback since Tuesday, shedding about 20% of its value. The price remains stuck within our blue Target Zone between $0.30 and $0.47. However, it should exit this range during the ongoing blue upward wave (i) to surpass the August 21 high at $0.60. However, if the price instead falls below the support at $0.28, the green wave alt. will mark a new low. This would delay the development of the blue five-wave upward structure – a scenario we rate with a 37% probability.
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Keep an eye on MATIC!!!Hello, traders!
MATIC has broken above the long-term downtrend resistance, but it still has a few parameters to cross for a bullish confirmation.
1. The 65 EMA is currently holding the price back. MATIC needs to break above it for a solid confirmation.
2. MATIC also needs to close above the previous lower high of $0.536 to confirm a reversal.
Trade Setup:
~ Accumulation Range: $0.35 to CMP.
~ Trade Type: Spot.
~ Target: $1.3 to $2.
Note: Always conduct your own research and analysis before investing.
Trade safely.
Explosive Polygon (MATIC) Analysis | A 1200% Profit Opportunity!🔍 End of 150-Week Correction & Start of a Major Fifth Wave
Polygon (MATIC) has reached a critical turning point on the weekly timeframe. After a lengthy three-wave correction spanning around 150 weeks, MATIC now signals the potential end of its corrective phase and the start of a new, powerful upward wave. Recent strong candles suggest that if MATIC can break key resistance levels, it may enter the fifth wave—a wave typically associated with high momentum and substantial profit potential.
📈 Suggested Entry Points:
1️⃣ First Entry: After breaking the $0.62 resistance
🔸 A break above the $0.62 level will act as an initial confirmation of an uptrend, indicating the start of a potential bullish wave. This entry is best suited for risk-tolerant investors, as it offers an earlier opportunity to join the rally with potentially higher returns. However, investors should note that entering at this point carries more risk, as short-term corrections could occur.
2️⃣ Second Entry: After breaking the $1.3 resistance
🔸 The $1.3 level is a key resistance zone, and breaking it would provide a stronger confirmation of the uptrend. This entry is ideal for more cautious investors, as it signals a clearer trend reversal and a likely continuation of the bullish wave. Entering here has relatively lower risk and could be a safer entry for those looking to mitigate risk.
🎯 Fifth Wave Target: $8
🔸 Based on technical analysis and historical patterns, the target for MATIC’s fifth wave is around the $8 mark. This translates to a potential gain of 500% to 1200%, making it one of the most exciting long-term opportunities in the spot market.
📌 Final Note:
With MATIC’s promising setup and high potential in the fifth wave, this opportunity could yield substantial returns for spot investors. By selecting a strategic entry point and managing risk effectively, you can take advantage of this promising long-term investment opportunity.
Polygon: Gain Momentum!In the Polygon chart, we primarily expect an imminent lower low of the magenta wave (2) within our magenta Target Zone (between $0.4711 and $0.3058) before a trend reversal occurs. Afterward, a significant uptrend should begin, starting with the turquoise wave 1, which should break through the resistance level at $0.60. You can use our zone to establish long positions, with stop-losses placed 1% below the low or directly at the support level of $0.31 to minimize downside risk. If the coin breaks downward out of our Zone (42% likely), we will have to expect a further drop with the green wave alt.(2).
Polygon: Bottom Formation? POL recently moved sideways within our magenta-colored Target Zone (between $0.4711 and $0.3058). From a technical perspective, this development could be the start of a bottom formation. However, we primarily expect a deeper low of the magenta wave (2). Afterward, the turquoise wave 1 should drive the price above the resistance level at $0.60. Within our Target Zone, long positions can be opened, with stops set about 1% below the lower boundary or at the support level of $0.31. If the price falls below this mark (42% probability), we will have to place the coin in the green wave alt.(2).
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free.
Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern.
First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table.
Final target is 4.236 of the extended fib. This target is near the all-time high.
I personally scale out of my position at the 2.618 and 3.618.
#POL/USDT#POL
The price is moving in a descending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.3622
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3680
First target 0.3819
Second target 0.3964
Third target 0.4121
Fourth target 0.4290
FULL TECHNICAL ANALYSIS FOR CRYPTO PAIR MATICUSDTHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2022, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance areas.
Take note as price is in a range and respecting the newly formed monthly resistance line (1.2300 ) and support line (0.3600) in yellow
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from mid 2022 until last quarter of 2024,Price is currently not making lower lows and has been ranging
Last week price has reached a strong support area that has been respected for years after being in a downtrend for weeks
My Daily chart view:
Price is in a downtrend after breaking the daily dynamic S/R in green (0.7400) and has approached the Monthly resistance line in yellow.
Looking for buy setups as price has respected that monthly support zone for a stipulated period.
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer as we can see another formation of a dynamic S/R zone in red (0.4350) which i will set as my target when we go down further
My 1H chart view:
So I’ll go down into a smaller 1H timeframe and look for buy Setups as bulls seems to be coming in slowing and the formation of an inverse heads and shoulders pattern
To play safe, for me to feel comfortable in capturing a buy setup ,I’m looking for the break of the neckline of the inverse heads and shoulders pattern , cross of the EMAs and volume of bulls coming into the market to put the odds in my favor.
Avoid entry of any trade during any major news that will affect price and this is not financial advise -
NEWSCHOOLTRADER
MATICUSDT - POLUSDT 1H - SL and TP LEVELSPOLUSDT 1H - SL and TP LEVELS
SL: 0.39
BUY ZONE: 0.395 - 0.4
SELL ZONE: 0.45
LONG SELL ZONE: 0.57
There are 2 important things to keep in mind when we want to enter a value:
1. The zones of interest, that is, the prices that may be interesting for us to BUY and SELL. This is the basis for building any strategy.
2. The moment when these levels are reached and their subsequent behavior. If our strategy is correct, we will be in tune with the evolution of the price and we will be able to obtain benefits. If, on the contrary, the price evolves unfavorably, we will have to have an SL that covers large losses.
The first point is relatively easy. We see how the price is behaving and we see where it is going and what could happen if it touches support and/or resistance levels.
The second point is quite a bit more complicated because it refers to the moment in which things happen and the execution of orders necessary for our strategy to develop as we have designed it.
At this point you have 2 options:
1. Use the tools offered by the CEX that allow you to set fixed BUY or SELL prices.
2. Stay glued to the screen of your computer or device 24/7 waiting for the MOMENTUM to happen.
With Tradex Bot, things will happen when they have to happen and not necessarily at a pre-established price. Everything depends on the conditions that you have established for the orders to be executed.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and will soon be ready for BETA testing.
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
MATICUSD: Two levels that will kickstart the Cycle's rally.MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000).
See how our prior idea has worked out:
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