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Polygon

Polygon Recovers, will MATIC Float to $1 in a Bull Continuation?Past Performance of Polygon Polygon is steady when writing, adding seven percent on the last trading day and down 14 percent week-to-date. In a bear breakout below a bull flag, sellers have the upper hand and appear determined to reverse gains of the first half of last week. Per the formation in the daily chart, MATIC prices will likely drop to $0.70 in a retest and completion of the second phase of a typical breakout formation following gains on July 14. #Polygon Technical Analysis Despite the bounce in the early Asian session, sellers are currently in charge and will most likely confirm losses of July 26 in a continuation pattern reflecting losses of early May 2022. Notably, the bear bar that forced prices below the recent bull flag and July 18 lows has high trading volumes pointing to high participation, marking weakness. Therefore, based on the formation in the daily chart, traders may search to find unloading opportunities on every pullback, with targets at $0.60 in the short term. It would be especially the case if MATIC bulls failed to unwind losses and force prices above $0.80. However, any unexpected surge above $0.90 will strengthen bulls, laying the foundation for a refreshing surge towards $1. What to Expect from #MATIC? Technically, MATIC is within a bullish breakout formation. Even so, given the strong liquidation of July 26, the coin will likely plunge back to $0.70 and $0.60 in a retest should prices be capped below this week’s highs. Resistance level to watch out for: $0.90 Support level to watch out for: $0.60 Disclaimer: Opinions expressed are not investment advice. Do your research.
MShort
by Bitcoin_Analyzer
MATICUSDT trend analysis and potential movementAfter breaking the weekly downtrend (the grey one), MATIC managed to reach the $1 resistance zone with a strong move. Even though it was not quite able to touch $1 and started a correction, I think we are going to see another try to reach there next week. If you ask how long the current correction can continue, I think it is bound to fall a little more with the break of the 4-hour orange trendline, but this will not last long and the price may start to move up again around $0.72. DO YOUR OWN ANALYSIS. DO NOT FORGET MONEY MANAGEMENT. You might also like: - Trend Key Points Indicator have been used to draw important key levels and key points. - You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
M
by bhnmzm
📈Polygon (MATIC) Jul-22 #MATIC $MATICMATIC has completely conquered the $0.8 zone and it is slowly forming the next bullish pattern to move towards the $1.2-1.3 zone (probably a Symmetrical Triangle pattern). We can accumulate MATIC as close to the $0.7-0.8 zone as possible because this is the support that MATIC will be hard to lose. Even if MATIC continues to move sideways in the near term, it will still approach this zone in mid-August to rally to the $1.2-1.3 zone. However, a bad case happens if MATIC loses the $0.7-0.8 zone, we will buy it back at $0.4-0.5 because this is the area where the big money flow has appeared since the beginning of this July and it can be supported by Ichimoku cloud
MLong
by CryptoStation
Polygon Has More To Give (3 White Soldiers)MATICUSDT (Polygon) has been growing nicely for the past two weeks and this week starts full green... There is potential for additional growth. Short-term, within days, EMA50 can be tested as the next resistance at $1.2021 or a 28% rise from the current price. The next target is set at $1.4565 for a total of 55%, this is also an easy target based on the current chart signals and price action. You can find the details on the chart. Namaste.
MLong
by MasterAnanda
1
MATIC Hits Key Support: Elliott Wave AnalysisHello Crypto traders, Crypto market in general is still in downtrend, but we see MATIC moving at very deep strong support zone. This is actually key support level, from where we can expect bounce, recovery and potentially bullish reversal soon. Well, despite current intraday drop in the Crypto market, MATIC is one few coins who is acting quite strongly. From Elliott wave perspective, we are actually looking for a completed weekly wave 4 correction. And, the main reason is a nice EW channel connection and same wavelength 2=4. On a daily chart we can already see it trying to break above resistance line of a corrective channel after an Elliott wave three-wave (A)-(B)-(C) corrective decline. So, if we see a rally back to 1.3 level, then we can easily expect a bullish resumption back to all-time highs for wave 5. Happy trading! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
MLong
by ew-forecast
Polygon Bounces Off Golden Ratio While the media has called this a "crypto winter" and even some experienced traders are calling for crypto to "go to zero", I've been trading based on nothing but the charts and it's paid off. I bought Polygon at its Golden Ratio last month and the price bounced and broke above the EMA exp ribbon. It has more than doubled in a month. It's amazing how few people understand what the blockchain is, and even fewer who understand what Polygon is or why it will be valuable in the future. While I expect Polygon to go down to re-test the EMA before breaking above the non-log Fibonacci level (not pictured on this chart), I will add more and raise my stop loss. When you hear people say "crypto will go to zero" you know we're close to a bottom. Sentiment does not get any more bearish than that. Whenever you hear people saying that price will go to zero, BUT the charts continue to show a log growth curve, wait until you no longer see capitulation candles (long upper wicks) and the price will rebound. Works almost every time and you can make tremendous amounts of money quickly. If you're wrong, then let your stop loss trigger. Limit loss, not profit. Despite being in a "crypto winter", 100% of my crypto holdings are in the green, some by a lot. I did not start buying any crypto until June 2022 (I sold my original Bitcoin holding in the latter part of 2021 because there were too many people saying it's going to 100k, some were saying even 500k). With that type of mania, I knew it was time to sell. It's funny that some of the same "experts" on Trading View who were saying in November 2021 that crypto was blasting off to the moon, are now saying it's going to zero. Hearing them now say that price is going to zero means it's time to start buying. Knowing when to buy and sell is all in the charts. Also important is the crypto seasonality chart: bitcoinmonthlyreturn.com. We're coming up on August and September which tend to be more bearish than bullish. Have your stop losses in place. The crypto fear and greed index is a great contrarian indicator too: alternative.me When sentiment remains suppressed for a prolonged period of time, that usually signals a bottom. All the weak hands, and leveraged accounts on margin would have sold by the time this sentiment shifts away from fear. By that time all the worthless tokens and worthless algorithms have gone to zero. Those who own quality crypto assets like BTC, ETH, SOL, MATIC, etc., should be happy for this crypto winter. When the tide goes out you will see who the real winners are. Additionally, the crash in Bitcoin and the crypto capitalization is in large part due to monetary policy. Monetary tightening, and even worse, a reduction in the money supply (of the US dollar), causes all currency to crash relative to the US dollar. Money supply very rarely is reduced (as it stifles economic growth). Consumer spending is the heart of American economic growth so the Federal Reserve rarely finds itself in a scenario whereby reducing the money supply actually makes sense. The money supply typically grows exponentially. One can actually draw a linear log regression channel for the entire history of the US money supply and one will see that the money supply always remains in the channel (meaning it always has gone up exponentially). So knowing this means that, soon enough, the printing press will start up again, and more money will be printed exponentially and that this rare period when the money supply is being reduced is actually a rare buying opportunity for cryptocurrency. Anyone saying that we'll never get back to the level of cash infusion that we saw in 2020 clearly does not understand math or exponents. We will not only get back to that level of M2SL, but we'll fly past it in the future, (we just probably won't see that level of ROC in M2SL). Finally, and importantly, not all crypto is the same. There are definitely many crypto tokens that actually will go to zero. The easiest way to shake out which crypto will go to the moon vs. go to zero is simply analyze the crypto relative to the US dollar. Doing so is actually simple on Trading View, just use the equation 1/(Insert Crypto Token/USD). This will show you which way the US dollar is moving relative to the value of that crypto. You want to see the USD moving down relative to the crypto. If the USD is moving up relative to the crypto, then that crypto is moving toward zero. Here's an example of DOGE. Note that the USD is moving up relative to DOGE, which in turn means that the DOGE token is moving toward zero. Seeing this chart and hearing Elon Musk support this token just makes me sad for everyone believing him. No one person alone can move the market. I always say that charts don't lie, and the charts are saying that DOGE tokens are becoming worthless. Even more lucrative than comparing a crypto token to the US dollar, one can compare the crypto token to Bitcoin or to the SPY. If a crypto asset is growing in a log curve compared to another asset that is also growing in a log curve, well then, investing in that asset is likely going to make you wealthy quite fast. Check out Polygon (MATIC) relative to the SPY: This might look like a confusing chart, but what it's actually showing is that Polygon is moving so fast relative to SPY that the ratio of SPY to it is approaching zero. From a mathematical perspective, that means that Polygon is growing according to a log growth curve relative to SPY. Since SPY itself grows according to a log growth curve relative to the US dollar, that means Polygon is an especially lucrative place to grow your US dollars. The fact that the EMA exp ribbon is resisting the upward movement of the relative price, suggests that the trend has not broken and that the log growth curve relative to SPY remains intact. If anything, the current levels are suggesting an extremely rare buying opportunity. If there are any other like-minded traders out there who understand the blockchain and who understand everything I've said above please comment below so I can give you a follow. I need to connect with more like-minded traders who understand blockchain technology, dApps and their role as the building blocks of a decentralized augmented and virtual reality existence. Whereas if you disagree with the above analysis please leave a well-reasoned comment or chart below to argue your point!
FTX:MATICUSD
by SpyMasterTrades
9
Bitcoin & Ethereum Will Follow | Polygon LeadsThe same thinking we applied to the Ethereum Classic vs Tether chart analysis is valid for Polygon (MATICUSDT). Notice that Polygon is moving straight up. New highs being hit right now and really high volume... You can read the full ETCUSDT article for the details... ( See here ) So that we can focus on other signals. Polygon vs Tether As the MA200 magnet line points DOWN, it attracts the MATICUSDT candles UP. We have a bullish crossover between EMA50 and EMA10. All the signals are bullish on this chart so, what can we expect? We can expect prices to grow. Namaste.
MLong
by MasterAnanda
2
Disney Gives Polygon (MATIC) Premium FuelOn the heels of a partnership with Disney, Polygon looks primed for a wavy 30X pump from its soon to be seasonal bottom. Typically, within Wave 5, euphoria is at a high level but it would be best to avoid buying the top range between $5.50 and $13.35 (based on common fibonacci levels). Instead, a buy from the $0.27 range may be the best entry. For more Elliott Wave based ideas and timely predictions, check out my TradingView profile and like/follow/comment to support this post. Thanks in advance and may your surfing remain profitable. Altcoin season cometh soon.
MLong
by DigitalSurfTrading
11
MATIC- READY FOR HIGHER MATIC has been our most posted for Altcoin in the last 30 days. Everything is for a reason as our research revealed all good things could be happening next for Polygon: 3 reasons why Polygon (MATIC) is up 100%+ during a bear market Three reasons why the long-term outlook for Polygon remains positive are its continued adoption by mainstream entities, the migration of multiple projects to the Polygon network and an increase in the platforms offering liquid staking services for MATIC. Major adoption announcements Protocols launch on Polygon Aside from the recent NFT projects that have migrated to Polygon, other new additions include the permissionless, credit protocol RociFi and WOO network’s multi-chain decentralized exchange. MATIC has also seen a growing number of platforms that offer liquid staking for the token, which enables holders to earn staking rewards. One Love, the FXPROFESSOR
MLong
by FX_Professor
12
Polygon Vs Bitcoin | The Same Pattern & More (Fast 20%)We can find multiple bullish patterns on this chart, MATICBTC (Polygon). See the Cup & Handle: The "Same Pattern": This is the pattern we see in all the altcoins. First a low 12-May followed by a lower low 13-June (notice the high volume signals that the bottom is in), followed by a bullish breakout. This bullish breakout will push prices above MA200, a 20% price jump, just to start. There is more but we will look at it through other charts. We continue bullish all across. Namaste.
Long
by MasterAnanda
1