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Polygon

MATIC, Determining Descending-Triangle, Destinies Once Complete!Hello, Welcome to this analysis about MATIC and the daily timeframe perspectives. In recent times the divergence between certain cryptocurrencies is increasing more and more and this is why it is highly pivotal to differentiate the different setups as there are more bullish setups while there are also higher likelihood bearish setup determinations. With MATIC I detected that it is forming a interesting formation that can show up with bullish determinations once completed. Therefore as when looking at my chart we can watch there how MATIC develops this main descending-triangle-formation with the coherent wave-count within almost completed and the final wave E remaining to appoint to the finalization of the wave-count approaching the major lower-boundary support-zone marked in my chart in orange within the lower boundary. Once MATIC reaches out this zone and manages to bounce within there this will be the appropriate origin of a breakout above the upper boundary of the formation and when this finally happened it will point to the completion of the formation as well as activate the further target-zones marked in my chart within the 2.35 USD level, once these targets have been reached it has to be elevated how MATIC moves on from there and if there comes a continuation in the structure and how this can evolve. For now MATIC is showing some great potentials especially when the whole formation finally completes as expected, it will be an interesting dynamic ahead. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
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by VincePrince
8
MATIC - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. WEEKLY: Right Chart MATIC is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes. DAILY: Left Chart MATIC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MATIC would be overall bearish can still trade lower inside the green support. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
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by TheSignalyst
12
🆓Polygon (MATIC) Feb-23 #MATIC $MATIC After re-testing the $1.4 zone, buying power appeared, so in the near future MATIC can recover to the $1.7 zone or even increase strongly to the $2.4 zone. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1.4$ zone 🔴Buy : 1.5 - 1.4 🔴Sell : 1.7 - 2 - 2.4 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1.4$ zone 🔵Sell : 1.4 🔵Buy : 1.25 - 1.1 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
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by CryptoStation
1
POLYGON MATIC : DON'T BUY UNLESS IT TOUCHS THIS AREA hello guys for this little analysis i made i used the fib retracement this is for long term holding not for scalping i used the one day frame as you can see the price is at the golden area 0.6 . it mean the price already lost 60% from the last ath ; it a very good entry point but the market is still messy no one knows where we're heading . i also used the rsi and the macd and they both show that the price will potentially stil go down to the support that i marked with the callout note . so please be cautious and in my opinion i think matic wil be the next 2022 coin that pumps . i have marked two entry points use only 50 percent of your capital and good luck if you want to add something or ask or comment or criticise please be my guest im all ears . trade on your own risks
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by ILYESSOVVVV
MATIC Long Term ViewAnalysis done on daily candles. MATIC, or Polygon, has become a popular name in the crypto markets due to its heavy involvement in the NFT world. Web3 and the NFT market have provided new opportunities in the crypto market, MATIC is specific has attracted investments from names like Softbank and Sequoia capital. Polygon's use in the Ethereum network reduces the price of transactions and offers an incentive to those participants that interact with the network, making it an attractive asset in a crypto portfolio. Ethereum itself is growing to be more attractive than Bitcoin due to its visible use in the NFT market, and as Ethereum grows, Polygon will likely to follow-suit. Looking at the chart in particular, Polygon saw a tremendous amount of buyers this month after Sequoia capitals $450 million stake was announced, but it wasn't enough to move it back above the 2.20 resistance. The market's overall uncertainty is making it hard for breakouts to hold, but regardless Polygon is in a healthy range overall. The blue highlighted range is an okay consolidation area as markets gain buying momentum again.
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by hyperstocks
1
Polygon (MATIC) Buy ZonePolygon (MATIC) Buy Zone -------------------- BIAS Mid-Term : Bullish Long-Term : Bullish Risk : Medium Polygon rejected $1.6 zone on its short-term rates, currently reaching between entry zone and last targets. Strong support currenlty at $1.4 zone which must be held on the 4 hours timeframe to confirm such a move above our trendline. -------------------- $MATIC/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 1.48 - 1.4 TP 1 : 1.525 TP 2 : 1.56 TP 3 : 1.61 TP 4 : 1.67 TP 5 : 1.73 TP 6 : 1.79 TP 7 : 1.87 TP 8 : 1.98 Stop Loss : 1.28 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
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by Zerene
1
BITCOIN Daily TA : 02.15.22 $BTCAccording to the previous analysis, we see that the price is now following scenario number 1 and has reached the very important resistance level (X-Point) in the range of $ 44,400, if it succeeds in breaking this resistance, the next bullish target is $ 45,500. In order to break this important resistance, the daily candle close above 46K will be the first condition to continue the uptrend. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 15.Feb.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
27
Matic (Polygon) Swing Trading Analysis 4H timeframeUpdate: As expected, the price managed to bounce off the 61.60 FIB zone with momentum along with a relatively good volume. My confluence for this position are as follows : 1. Respected HL 2. 3 valid trendline touches 3. Fibonacci 61.80 rejection 4. Previous resistance-turned support rejection. 5. Multiple Bullish candle close at the projected bounce-off points. 6. Oversold as indicated in the RSI. I will post further updates as the trade progresses.
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by Deangod
MATIC/USDT - Potential 69% SetupHello Traders! MATIC continues to move in an uptrend. Buyers' base of support is in the range of $1.44 - $1.60 MATIC has strong fundamentals and looks stronger than most altcoins on the market. Polygon is one of the advanced ecosystems competing with market leaders like AVAX, FTM, and SOL. Entry in purchases can be sought closer to the $1.44 support level It is safer to place a stop loss under the low of October 2021 - the price level of $1.15 Take profits in the range of $2.21 - $2.45. It is worth noting that in 2022, the crypto market can expect a broad sideways trend in both Bitcoin and other altcoins. It is worth focusing on preserving your trading deposit and not expecting a quick All-Time High update. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
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by UnknownUnicorn10064030
1