Matic $1.60 follow uplook at previous post, Almost there, DogElonMars just pumped 23%, just need a bit more for the inverted head and shoulders target of $1.60!
pull back after and or consolidate
Polygon
✴️ MATIC Network (Polygon) Update (70% More & Then More!)After 6 weeks of growth, 6 weeks closing green... The seventh week becomes even stronger and produces more growth than any of the previous weeks.
Notice here the "low volume".
I always mention how low volume when considered in context to the broader market experience can give a completely different signal than a bearish one.
Volume is low as prices grow strong, this means that the real growth is yet to come.
We will see even more action, more growth, based on this volume signal and the weekly candles of course.
This is the same chart I published weeks ago... Just an update!
Previous charts:
27-Jan. ✴️ Polygon Growing 144% Is Only The Beginning
2-Feb. ✴️ MATICUSDT | Polygon, New Entry (Name Your Altcoin #2 ✅)
Thanks for the support.
Namaste.
MATICUSDT 4HMATIC is unstoppable! It has already broken up the bullish channel and the upper line of the keltner channel. It can pull back to the 1.3727 region to take a breath and then move up towards 1.6148, or go straight up to 1.5191 before that pullback. Stocastic above 70 does not necessarily mean “overbought”. Upward moving averages indicate and confirm the uptrend.
Here are the supports and resistances in the 4H:
Main support levels : 1.3718/ 1.2500 / 1.1405
Main Resistance Levels: 1.5215/ 1.6179/ 1.7048
Recalling that Polygon has set March 27 as the launch date for the long-awaited beta mainnet network Ethereum Virtual Machine (zkEVM), an innovative technology that aims to increase the speed of blockchain transactions and reduce their cost.
Looks like there is going to be a major correction hereBitcoin looks on the edge, edge of an 10% correction that is.
Shitcoins, like MATIC which has been aggressively pumped in last month could see 20% or even 30% correction as bitcoin corrects 10%.
Keeping this on the watch list, going short if bitcoin correction is confirmed.
MATIC holders, well done, still 20-23% of potential profit !#MATIC / USD Update:
$MATIC is currently trading at $1.38
According to Coinlion Trend Trader Indicator, MATIC is currently bullish (he is in the ascending channel since July 18th 2022)
Entry point : $0.86
Profit Point : $1.71 (100% profit)
The next possible target would be the top of the channel at $1,71 (23% more profit)
What do you think ?
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Coinlion Trend Trader indicator tells me when to enter short or long, when to exit and when to take profit :-)
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MATIC Long!!KUCOIN:MATICUSDT
MATIC sitting in potential cup with breakout upside to 1.76 level possible 36%.
On rejection can short to pullback for re-entry ideas for long to breakout.
Better entry, retest of breakout level. Can look to enter on break and add to position on successful retest.
LTF analysis can provide pre-breakout opportunity but watch for 21 to catch structure.
MATIC news:
1. Doritos chips becomes latest brand to launch in metaverse with Polygon-based NFTs
Polygon’s growing adoption by mainstream corporate giants including Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit.
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matic usdt tf 4h ,rising wedge target price 0,9474matic usdt tf 4h ,rising wedge target price 0,9474
MATICUSD Tests Crucial Lines Ahead of a Possible Trend ReversalMATICUSD shows a major trend reversal signal according the Heikin Ashi hourly chart. This becomes with testing the support of the crucial lines of Fibonacci 23.6% at 1.2818 and 1.2770, as this area has a very important volume profile. Also, it is near the SMA-100, which is in turn, a very important for trend signaling as the orange shaded area below it demonstrates.
A breakdown below 1.2818 and SMA-100 may confirm the trend reversal of MATICUSD. The area between 1.2555-1.2396 levels is the bearish target for MATICUSD if the breakdown would happen. If a further breakdown below those bearish levels occurred, the area between 1.2168-1.2055 would be the next bearish target as well.
On the other hand, if MATICUSD managed to stabilize above the area of 1.2818-1.2770, this may invalidate the previous bearish hypothesis and the area between 1.2899-1.2933 may be retested again in order for MATICUSD to continue its bullish trend toward 1.3231-1.3307 as the next possible targets.
Matic strong demand, waiting for a trendline break to shortMatic shows strong demand in comparison to other alts. Waiting for a trendline retest and a possible short entry below 1.24 level which also confluences with MAs.
MATIC is at Resistance, Will We See a Breakout?MATIC is currently at the $1.32 resistance. Can it break through and head toward the all-time high?
About MATIC: Polygon (MATIC) is a blockchain platform that provides Ethereum compatibility through its Layer 2 scaling solution. It aims to solve scalability issues in the Ethereum network, and make it easier for developers to build and deploy decentralized applications (dApps). Polygon has been making waves in the cryptocurrency world due to its innovative approach to solving the scalability issue and its potential to revolutionize the Ethereum ecosystem.
MATIC, a Different Cryptocurrency
MATIC has been behaving differently from the rest of the cryptocurrency market. Unlike other cryptocurrencies that reached their lowest levels in November following the FTX crash, MATIC hit its lowest level in June 2022. This shows that MATIC has been resilient and has followed a different trend than the rest of the market.
After reaching its lowest level, MATIC has been mainly ranging between $0.70 and $1.00 from July 2022 to January 2023. However, at the end of January 2023, it broke above this range and is now heading toward the $1.32 resistance level. If MATIC successfully breaks this resistance, it will likely head toward its all-time high of $2.91.
However, if the resistance holds, MATIC will head toward the $1.00 support level. Additionally, there are 2 more support levels at $0.70 and $0.30, but it is improbable that MATIC will reach the $0.30 level considering the current market conditions. The key to predicting the future price of MATIC is to keep a close eye on how it behaves at the current resistance level.
Looking Ahead: Polygon (MATIC) is a promising project that has the potential to revolutionize the Ethereum ecosystem by providing a scalable solution. With its strong performance, MATIC is a cryptocurrency worth keeping an eye on in the coming months.
MATICUSD: Potential Bullish Divergence Above Previous ResistanceMatic has come back down really hard towards the Moving Averages and the Support/Resistance Zone and the Downwards Move is quite overdone on the Lower Timeframes; if things go well we will see Matic hold above the green line and attempt to make an eventual higher or equal high.
MATIC: Approaching ResistancePolygon (MATIC) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($0.75-$1.00), trends have reversed to Uptrend and price is near another major resistance zone at $1.30. wait for price to 1) break above $1.30, or 2) pull back near $1.00-1.10 support for swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected and reached first target with 48%. So you can manage your positions and it's better to save profits because of major resistance, divergence in RSI and market's sentiment. Then continue to reach the second target. The targets will be 1.6 and 1.7 .
Good luck.
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Matic updateWhat Is Polygon (MATIC)?
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
POLYGON MATIC SHORT TRADE Heres a Quick SHORT SETUP
entry - 1.1718
stop-loss 1.922
Take profit 1.112
Polygon MATIC breaks through key resistance levelDAILY CHART TA
Breaking through a key resistance level at $1.18, POLYGON has the potential to shoot up to the next supply zone at $1.50 ; a 16% increase from todays price.
The key resistance level was held in May 2022, then again in November 2022.
*Not financial advice, just my take on things*
What do you think?
Trippy! MATIC Head & Shoulders 5 DAY INVERTED CHART!We've been in a bear trend for a while, so we are used to looking at down-trends. So..look at MATIC Polygon in the 5 Day time frame, huge Head and shoulders forming, and if this chart plays out, remember it's INVERTED target is $1.60 the common FIB 0.5 retracement of actually increase.
Really Trippy buy if you understand it Matic could have enough steam, but HOT already, Only one or 2 more 5 day periods left before a big marklet cool off, shows in BTC also.
REMEMBER INVERTED CHART
POLYGON: The darkest horse on the crypto hippodromePolygon is Ethereum's first successful L2 solution. Aside from the main product, Polygon blockchain, the project also offers solutions based on the ZK and SNARK algorithms.
One of the main narratives for 2023 is blockchain and ZK-based solutions; we can assume that when zkSync, StarkNet, and other similar projects emerge, Polygon will grow alongside them, because market participants will find that all of these technologies are already implemented and used in Polygon.
Current metrics
Price: $1.09
ATH price: $2.8
M.cap: $9.5b
ATH M.cap: $20.5b
FDMC: $10.8b
Price change in a year: -57%
Maximum price change in a year: -87%
Polygon partnerships deserve special attention:
Meta
Nike
Htc (smartphones production)
Reddit
Robinhood
JPMorgan
DraftKings
Adobe
Liverpool
Starbucks
Adidas
Prada
Stripe
Nothing
NFL
Why is Polygon one the most prospective projects of the future?
While Ethereum solves scalability and gas price reduction issues
Solana is trying to address user churn, liquidity, and network sustainability issues
Near is trying to establish itself in the market, develop marketing strategies, and attract developers
Aptos is emerging as an ecosystem
Sui, Sei, Arbitrum, ZK and STARK are getting ready to go to market
Polygon is fully committed to becoming a mass-adoption solution and collaborating with as many real-world companies as possible. The next bull cycle will be based on mass adoption and engagement, which requires companies with a user base and products that are used by the masses.
Polygon is aggressive, and the average user is much more likely to hear about Polygon than Aptos/Solana/Near. Polygon develops solutions that, like Ethereum, do not require high transaction costs. Polygon has a well-established ecosystem and its own user base. Polygon has a chance to become the most widely used blockchain project.
Share your thoughts about Polygon in a comments section with us and check links below to trade Polygon with our exchange!
Thanks for reading!
MATIC: Sideways Channel BreakoutPolygon (MATIC) technical analysis:
Trade setup : Bullish breakout from Sideways Channel ($0.75-$1.00). Trends have reversed to Uptrend and price could revisit $1.30 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected, So you can manage your positions and profits until you reach the first target. Consider that the market is dispose to small correction. The targets will be 1.3 and 1.7 .
Good luck.
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Write your comment and opinion below to me
long MATIC$MATIC faced a strong support near the 0.5 Fibonacci level. Bullish trend is likely to continue and reach the resistance level at 1.2$
