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Polygon

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. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
MLong
by imr4nkh8n
3
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.
COINBASE:MATICUSD
by SamerHa
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.
M
by cryptohopper
1
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.
MLong
by altFINS
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. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
MLong
by ArashBanakar
3
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
COINBASE:MATICUSDLong
by Chefrusty
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!
MEducation
by Samura0x
4
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. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
MLong
by ArashBanakar
3
MATIC♾️ breakoutWassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you. ENTRY : local high @ 1.0185 STOPLOSS (SL) : local low @ 0.9760 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340 REWARD RISK RATIO (RRR) : 2.65 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MLong
by bizmark
2
Polygon (MATIC): Target 1 and 2 hit! ...and now what's the next?Hi everyone! The short-term technical structure is still very interesting and Polygon (MATIC) seems to still be projected to the upside again. After hitting our first two targets (see chart below), either before or after a corrective structure, I expect to reach my last target around 1.15 area, so I'll try to add Long positions on short-term pullbacks. The chart shown is in logarithmic scale on one hour time frame. PREVIOUS ANALYSIS (Click on chart below) If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. thanks for your attention and please... trade with care! 💖
MLong
by TheAnonymousBanker
1
Polygon MATIC leaving the penny crypto area after last Fakeout⁉️MATIC leaving the penny crypto area after last Fakeout⁉️ Like in Stock Market the $1 mark is important for cryptocurrencies as well Just see Polygon price reaction on the chart Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:MATICUSDLong
by Crypto4Everybody
1