MATIC long opportunity- Bounce off of strong support
- Massive capitulation candle down
- Bullish momentum on the 1h chart
TP1: $0.4950 for 2R/R trade.
TP2: $0.5125 for 3R/R trade
Polygon
Important Week For BuyersHello to all members of TradingView and my followers.
MATIC dropped again last week after reacting to the resistance range of 0.60 to 0.64 dollars. MATIC, which started a great rally from the $0.32 range, this bullish move shows strong support from buyers. Therefore, it can be concluded that according to the candles of the last wave, as well as the reaction recorded in the range of 0.40 to 0.435 dollars in the last four days, the price has pulled back towards the downward trend line. But the pullback has not yet fully formed.
Therefore, I expect to see another push to the $0.40 support level. So, if the current support is maintained, the price movement and buyers' efforts could resume once again towards the $0.60 range.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
MATIC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
89% drop already from ATH
97% drop is still possible (extra 8%)
This 8% from ATH is consider an 80% drop from current price.
RR: 11
Possible upside: 930%
Possible downside: 83%
This is the highest possible downside from all the other charts I see. I would stay away from margin trading this one. Risk is too big.
The thicker the green line, the heavier the support/resistance is.
MATIC - Updated LevelsMassive drop, again but we see some support here.
Could be good for day trading but mind the market is bearish so some short positions are needed. Not on this chart now as we see support at 0.45 and we wouldn't go short, only under 0.43
One Love,
the FXPROFESSOR
LUNA LUNC USD : LUNA + MATIC FRACTAL, LUNA COULD EXPLODE FAST!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU.
LUNA CLASSIC Has had some new developments come into it over the past couple of days. Starship the largest Metaverse by size will be incorporating LUNA Classic into their project. LUNA will be used for payments in the Starship Metaverse, and from each payment 1.2% of the Luna will be burned. Depending on how big and popular this metaverse will be this could be huge for LUNA classic holders. The price of LUNA Classic will continuously go up over time because of the burn rate. Luna could eventually reach 1 dollar again in the not too distant future, maybe a few years or less and continue to rise as the supply of Luna is constantly decreasing. All it will take is another project to accept luna in the same way and burn as well and the supply of luna will go down rapidly, in turn increasing the price rapidly. I don't know what will come of this but with these new developments I will be buying into LUNA again and holding for the longer term. The risk to reward here is a no brainer at this point. I mean LUNA really hit people hard and it sucks, but this may be the driver and the catalyst for LUNA Classic to explode. If the community takes over LUNA and then DO KWON is found guilty of the crash etc, then his new LUNA 2.0 will crash to nothing and every project and platform on the LUNA 2.0 chain will migrate over to LUNA Classic because no one wants to support a crook. This could be massive my friends and this could be a once in a lifetime opportunity here. I sold out of LUNA back when it hit 12 cents and I said I was done with it but now with these new developments I believe LUNC has a chance to take off and get back into the dollar figures in the future. If 10 companies/projects work on LUNA Classic and all are burning coins the supply of Luna could rapidly fall and LUNA could be in the single digit billions supply fast.
In the chart you will see a fractal from MATIC Polygon that is really similar to LUNC. After this rally/pump we may see another big drop and then off to the races. Matic dropped 70% in one night back in 2019 and no one knew what happened, and people were calling it dead, pump and dump, similar to LUNC. Matic then went on to rally from about $.01 cent (one cent) to $3. That is a 300x gain. $1000 bucks right now will get you about 8 million LUNC. Imagine if LUNA gets back into the dollar digits, you'll be kicking yourself for not spending a few bucks at these levels. Look at what happened to DOGE holders, multiple millionaires and a couple billionaires were made, and thats just one example of recent, there is hundreds of them. I am supporting this new LUNC community because not only do I believe it will thrive again, but also because I want people who lost everything to be able to get their money back some day, my heart aches for them. Good luck out there my friends and thank you. This is not financial or trading advice this is just what I am doing and my opinion.
BELOW IS A DIRECT COPY AND PASTE ABOUT THE NEW DEVELOPMENTS ON LUNA CLASSIC
StarShip is a quickly growing ecosystem built around a solid foundation of collaborative, loyal businesses and passionate community members. Their whitepaper opens with the statement that “community is at the heart of currency”, and the vibrant culture of partners and projects surrounding the StarShip NFT Game and StarShip’s strong liquidity pool pairings are already a testament to their dedication to this mission.
Recently StarShip unveiled a trailer featuring actual in-game footage of what will be the largest metaverse in existence to date. Built on the powerful new Unreal 5 engine and boasting 32,000 square kilometers of buildable space, the size of this MetaUniverse will allow room for unparalleled long-term growth and opportunity. As a result of LUNC’s new collaboration with StarShip, LUNC will be implemented into the StarShip ecosystem as one form of payment within StarShip Universe, burning 1.2% of all LUNC received for these payments.
In related news, the 1.2% burn tax mechanism put forward in LUNC’s Prop 3568 was successfully passed on Sunday. This will begin to reduce the supply of existing tokens as they are circulated, which comes as great news to its loyal holders. Finding a strong use for LUNC comes at an opportune moment. As StarShip welcomes the Luna community, this collaboration strengthens the foundations of both ecosystems.
Polygon , MATIC/USDT Update 📈📉HEY, Sup Guys and Girls?!
As you can see ,I've posted some analysis for polygon ,that Almost have been successful , but in the last one because of crypto market crashes it wasn't able to rise again ,and according to my bearish scenario , it has been falling up till now, and even lost the support zone ( more than 80 %💰 (1x-short ))🎯 .
recently There are many fundamental developments coming up, and the latest news is about the Bitgert adding Polygon Matic to its chain. The Bitgert BRC20 blockchain has been one of the most talked-about blockchains today because of its attractive features. Bitgert chain popularity has come from its zero gas fee and also the fastest blockchain in the market.
So ,after the weeks of plummeting, Polygon Matic finally pushed past the $0.63 mark in last week. The Matic price hit $0.631 , but the coin has since pulled back, and at the time of this writing, Matic was trading at $0.4825. However, the market is a little bit bearish and it can fall again on the current support , but there is the potential for Matic /usdt to do well this week. so it can even see the higher resistance zones in next weeks, but guys take it mind , everything is depends to bitcoin again , so in this case if it loses the support zones so it can fall on the lower support zones and at there, bulls can raise the price again!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Polygon (MATIC) - $0.60 - $0.65 to breakPolygon (MATIC) - $0.60 - $0.65 to break
That important price action and volume action area has to be broken as a first bullish signal
Current trial did not work - next to follow, right dear Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Polygon (MATIC) - June 27hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(MATICUSDT 1W Chart)
The interval 0.616-0.819 is the interval that determines the trend.
Therefore, the important key is whether it can be supported by rising to the 0.616-0.819 section.
(1D chart)
If the price is maintained above the MS-Signal indicator, it is expected to turn into an uptrend in the short and medium term.
However, careful trading is required as it is expected to lead to an additional rise only when it rises above the 0.819-0.889 section.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
MATIC - Will become clear tomorrowMATIC at crossroads with support nearby but not deep enough to sustain a market dipping next.
What do i mean: if BTC drops tonight and crypto follows, MATIC can lose the 0.55 level.
Then again if the market decides to stay Bullish (or become Bullish) then we could see 0.80$ and 1.2$ next.
In any case, MATIC is an asset we like to Buy. The Fundamentals are great. Here is why: www.crypto-news-flash.com
One Love,
the FXPROFESSOR
MATIC (Polygon) Long-Term ForecastThe yellow dotted lines show major S/R lines. The plain yellow line shows where you should place your trailing S/L price.
MATIC Fighting the down sloping trendlineMatic has tested the breakout of the down sloping trendline for the past two weeks. If manage to break it followed by a retest has a good chance of going above $0.75
Matic bullish and bearish scenarios0.55 / 0.65
Seems like if it breaks above 0.65 matic could rally 50% or higher. If below 0.55 matic could slump about 20% or more. Seems like the bullish scenario is more likely. But ya never know. Could go either way.
Polygon Goes Bullish, Solana Will Follow...Look at this chart, the MATICBTC (Polygon) chart is identical to the SOLUSDT (Solana) chart.
The only difference is that Polygon (MATICBTC) is more advanced.
We see it trading above EMA50 while SOLUSDT is still below it... See it here!
We know what follows for Solana (UP!).
The same for Polygon; Time to grow!
Namaste.
MATIC/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
MATIC/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets MATIC suffered about negative global market situation.
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves.
Market configuration
- Graphical Elements :
Graphical Resistance = 1,13 & 2,90
Graphical Support = 0,41 & 0,042
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 1,13 = Bearish
RSI indicator (below) is bouncing off key support, a break above 50% + bearish trend line will propulse the bullish momentum = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 0,65
Fibonacci resistance of the wave in progress = 1,13
Fibonacci support of the wave (c) (B) (max extension) = 0,41 (auto-similar move)
Fibonacci Bullish Target = 1,99
Conclusion
Preferred case => Regarding the mid-term element, MATIC is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 1,13 and 1,99 as long as 0,41 remains support - In extension a larger rise towards the previous top at 1,99 can't be ignored
Polygon MATIC Entry Range, Take Profit and Stop LossMATIC/USDT
Entry Range: $0.36 - 0.41
Take Profit 1: $0.51
Take Profit 2: $0.62
Take Profit 3: $0.73
Stop Loss: $0.30
MATIC AAVE loan purchaseI used profits from a prior MATIC swap to USDC I had stored on AAVE since last year (sold @ $2.83 and $2.53). I locked in profits for a potential trial bear market purchase later. Now is that time. Just bought MATIC @0.31 with a portion (20%) of the AAVE profits.
Plan to sell @ $2.50 MATIC
Plan to deposit MATIC into AAVEE if hit below 0.21
Plan to buy more MATIC @ $0.30 and $0.275
POLYGON (MATIC) the last chance and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
if
the price breaks the trend line to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
#Polygon Blitz, MATIC may Tank by Another 25% to $0.30Past Performance of Polygon
After soaring to $2.88 in Q4 2021, MATIC is now crumbling. The coin is down over 85 percent from peaks in a bear breakout formation. In the past 24 hours alone, MATIC has dropped 12 percent, and traders are in red, unable to cope with the deluge of selling pressure. Technically, Polygon remains in a bear breakout formation, favoring determined sellers.
#Polygon Technical Analysis
MATIC bears are riding the lower BB, pointing to strong selling pressure. With the immediate resistance level set at $0.55, every retracement towards $0.45 and $0.50 could allow sellers to double down, targeting $0.30. Aligning with this preview is the level of participation in the past three days and the inability of buyers to reverse losses. At the same time, shifting sentiment skewed for bears doesn't help MATIC bulls. As such, sellers may look for entries to dump on every attempt higher. An unexpected surge above $0.50 could buoy demand, forcing prices above $0.55 in a retest and possible bottoms.
What to Expect for #MATIC?
Buyers have been demolished when writing and sellers are in control. The alignment of bear bars along the lower BB suggests strong selling pressure and high volatility, considering the divergence. In this way, MATIC is more likely to tank than print higher.
Resistance level to watch out for: $0.50
Support level to watch out for: $0.30
Disclaimer: Opinions expressed are not investment advice. Do your research.
Polygon MATIC short Entry Range, Take Profit and Stop Lossall targets reached here
MATIC/USDT short
Entry Range: $0.44 - 0.49
Take Profit 1: $0.39
Take Profit 2: $0.33
Take Profit 3: $0.21
Stop Loss: $0.57
Polygon (MATIC) - June 13hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(MATICUSDT 1W Chart)
Below 0.616 is likely to be a mid- to long-term investment area.
(1D chart)
In the short and medium term, it needs to move above 0.616 and find support to turn into an uptrend.
So, the key is whether it can move higher than 0.616 quickly.
If it rises and encounters resistance near 0.616, a Stop Loss is required to preserve profit and loss.
The 0.616-0.819 interval is an important trend-determining interval, so we need to move above 0.889 to say we are in an uptrend.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
matic.matic, what a ripper o:.
my buddy is still holding this thing from back when it was under a penny.
---
polygon
-really clean impulse, one of the cleanest in the market.
-currently working on a primary wave 2.
-should come down in 3 waves, but can easily get more complex through a triple zig-zag, or something of the likes.
-will likely bottom out mid 2023 along with everything else.
---
june 15th could be our day, keep it in mind.
Polygon MATIC short Entry Range, Take Profit and Stop LossMATIC/USDT short
Entry Range: $0.57 - 0.64
Take Profit 1: $0.51
Take Profit 2: $0.39
Take Profit 3: $0.26
Stop Loss: $0.74
MATIC/USDT Bear and Bull Market Price Prediction#MATIC/USDT Technical Analysis:-
$Matic currently trading in the $0.6-$0.8 range.
Currently trading in Local Range so I am expecting $Matic Price will go in Year 2021 Accumulation range.
Which will be the Potential buy zone.
Currently, Also Break down Year 2021 Support and Trading below Year 2021 Support. So this is also a Bearish sign.
Year 2021 Accumulation range was $0.2-$0.38
So I suggest if You want to buy then Low of this Accumulation zone will be the best Entry.
Potential Accumulation for Next Bull Run:- $0.2-$0.25 Level
I think It will not break Year 2021 Accumulation range because if Break then the Price falls below $0.1 level , This will not good for Polygon because Polygon is a Very Good Project for the Long term.
Year 2019-2020 Accumulation Range was $0.010-$0.03 ( Not Possible to Price hit again this Range )
If Price Break White TrendLine then $Matic will enter in Bullish Zone.
I am also Bullish on Polygon in Long Run.
My Long Term $MATIC Target is $10
This is My Personal View and Analysis.
So this is Not Financial advice.
Do Your Own Research before investing in any Coins.
If You Like my Work please Press Like and Comments.
Thank you.
