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Polygon

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. ======================================= 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. ======================================= 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.
Long
by YourMoneyReplacedByBigShort
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.
Long
by YourMoneyReplacedByBigShort
3
POLUSDT - 1H - Critical point: $0.35 - $1POLUSDT - 1H - Critical point: $0.35 - $1 TRADEX BOT NEWS: We are continuing to move forward with the development of the CEX autotrading bot. At the moment we are testing it on OKx accounts, but we are working to include other exchanges: binance, coinbase, krakken... We have also added "all" of the exchange's trading pairs. This will be the first version of TradeX BoT, which will work as a second layer Order Book in CEX markets, hiding our greed (TP) and fears (SL) from the exchanges. We will have more news soon! Thank you! _______________________________________________________ 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. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing 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 process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. 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 :)
by DeuXfi
1
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
Long
by Habib-Tafazoli
2
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.
COINBASE:MATICUSDLong
by cryptodailyuk
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
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
CRYPTO:MATICUSDLong
by Bitcoin_Benny
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
3
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
Polygon (POL ex-MATIC) gets increased accumulation: $1 soon?The Polygon token has reclaimed its position in the top 30 cryptocurrencies with a weekly price surge of ~50%. With this, this Ethereum-based Layer-2 altcoin is regaining momentum and preparing itself to achieve a multi-year high this bull run. We at CoinPedia have created an in-depth Polygon price analysis and possible short-term price targets. After recording a new yearly low, the Polygon price has experienced a strong bullish reversal. This has resulted in this altcoin reclaiming an 8-month high. Moreover, the altcoin is on the verge of possibly breaching the resistance level of the channel pattern, highlighting increased bullish sentiment. Moreover, with a surge of 143.36% during November, this altcoin has breached its resistance trendline of the descending channel pattern and has further formed an ascending channel pattern. Notably, this altcoin continues trading within it with a constant bullish price action. The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the 1D time frame. Moreover, with its averages recording a constant uptrend, the Polygon price may continue gaining momentum this week. Maintaining the price above its support level of $0.690 could set the stage for this altcoin to prepare to retest its resistance level of $0.890. Furthermore, if the bullish momentum sustains at that point, this could result in it retesting its target price of $1. Conversely, if the crypto market experiences an increase in liquidations, the POL coin price could retest its support level. Furthermore, if the bears dominate the crypto space, the MATIC price could retest its low of $0.50.
Long
by paul_endeo
POL/USDT: The Perfect Short-Term Play?POL/USDT – Demand Zone Opportunity with Caution Polygon Ecosystem Token (POL) is approaching a demand zone that aligns with a Fibonacci retracement level, offering a potential short-term bounce. However, since this is not a high-timeframe (HTF) level , traders must exercise caution and manage their risk effectively. Buyer Activity : The demand zone reflects a lower timeframe area where buyers have stepped in previously, indicating potential short-term interest. Fibonacci Confluence : This zone aligns with a key Fibonacci retracement level (e.g., 0.618 or 0.786), which could enhance its strength for a short-term reaction. Why Traders Must Be Careful LTF Nature : This is a lower timeframe (LTF) level, making it more vulnerable to volatility and false breakouts compared to HTF zones. Limited Strength : Since it lacks the institutional significance of HTF zones, the level may not hold as strongly. Breakdown Risk : LTF zones are more prone to invalidation, so risk management is crucial. How to Trade POL/USDT Safely Wait for Confirmation : Only enter after bullish signals like candlestick patterns (e.g., hammer, bullish engulfing) or volume spikes indicate buyer strength. Set Tight Stop-Losses : Place a stop-loss just below the demand zone to minimize potential losses. Monitor HTF Context : Align your trade with the HTF trend. If the overall structure is bearish, this LTF zone may not hold. Use Smaller Position Sizes : Reduce position size compared to HTF levels to account for the increased risk. Summary : The POL/USDT demand zone and Fibonacci retracement setup present a short-term trading opportunity. However, the lack of HTF validation means traders should proceed with caution, use tight risk management, and wait for strong confirmation signals. I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! My Previous Hits 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum
Long
by XU99
Bullish Momentum in Demand ZoneI’ve market bought POLUSDT as it’s showing strong bullish momentum and is currently sitting in a well-defined demand zone. The price action indicates significant buying pressure in this area, aligning perfectly with my analysis. This setup reflects a high-confidence trade for me, as the combination of bullish sentiment and a key demand zone often signals a potential upward move. As always, proper risk management is essential, let’s see how this plays out! I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Hits 🐶 DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge 📊 Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P | The Blue Box: A Demand Zone with Potential WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P | Long-Term Trade UNIUSDT.P: Long-Term Trade Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. 😉
Long
by XU99
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🌴
Long
by MyCryptoParadise_Simon
5
POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential. Technical Analysis: The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept. Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline. I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there. I will look for LTF confirmations before initiating the setup. SL: $0.27 (daily close below) TP1: $0.78 (2x from the entry) I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
COINBASE:MATICUSDLong
by UA_CAPITAL