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Polygon

Polygon Matic testing the last resistance before price discoveryPolygon is in an accumulation phase since the downfall in may 2021. We are finally back up around previous all time high price ranges. Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem. The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet. However, in the long run we only see upwards potential for matic. Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation. This is ok from an inflation standpoint. If we go back around the 2$ level this coin looks like a strong buy. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
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by tumbler55
MATIC - strong bullish structureAfter massive pump of 13000% and classic ABC correction MATIC is building bullish structure. Since C wave and capitulation Polygon/MATIC is forming higher lows and higher highs. BTC is still struggle to break upwards, while MATIC is already at ATH level. When MATIC enter into price discovery mode, price targets are ungrateful to predict but my are fib. extension 1.618 and 2.618 for now. When we get some more price action I will evaluate them again. You can check my last MATIC analysis with more target details or zoom out this chart to find them. I took some profit at previous HH and buy back more of it at around 1.9$ to increase my position. If we get another dip I will ad my last Polygon allocation at level market on chart as "minor D support". Volume is only thing I don't like here. Hope we will get more of it when MATIC reach new ATH. Previous analysis:
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by Philippe_0x
MATIC: Another BUY SIGNAL Hey guys, this is Julie ^^ Let's talk about MATIC today: In my last analysis, I told you that it was a good place to buy MATIC, and now, it looks like it is finally confirming. The green line resistance level has been lost, it looks like it will close above it today. For me, this is the last confirmation I needed to buy MATIC. It's near the 21 EMA, near the support level (orange line), near the 61.8% Fibonacci Retracement, and we still have this amazing divergence on the OBV. OBV: As you can see, the green line was a top before, and we are at the same price level today, but the OBV is MUCH higher than it was back then. When we have a divergence from the price trend, this indicates that a reversal may occur, and this is an incredible buy signal. I really believe this is the best place to buy MATIC, if you have not bought before. Thanks for reading! Don't forget to support me with your like and subscription =D Bye bye!
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by Juliehodler
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MATIC♾️ reloadedLast Polygon triangle breakout trade ended with profit... 👇 Now I have a new setup for you! MATIC ♾️ seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2.95 and even higher. ENTRY : local high @ 2.161 SL : local low @ 2.056 TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2.95 RRR : 7.5 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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by bizmark
Reasonable for MATIC to reach $3.00 within the next yearStrong healthy uptrend from the start, no parabolic movement since May 14. MATIC is finding support around $2.00, we may not have many more opportunities for an entry price below that level of support before the next upward movement. The chart indicates that short-term downward movement may be likely to continue, providing investors a more ideal entry point before new ATH is possible. The price action of 10x is unlikely because it would require MATIC to have a market cap ratio to bitcoin of 20% at BTC present-day value. This token has plenty of room to increase in value and a low chance of fading out in the near future. It will be reasonable for MATIC to reach $3.00 within the next year.
COINBASE:MATICUSDLong
by lydiascherr777
MATIC triangle breakoutIt's been weeks since my last Polygon trade 👇 Now price seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2.275 and even higher. MATIC , come on!♾️ ENTRY : local high @ 1.867 SL : local low @ 1.743 TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2.275 RRR : 3.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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by bizmark
MATIC - Redistribution in play? Granted, the chart looks bare bone but let's get straight to the point. These huge long wicks to the upside signal massive selling in those areas. Perhaps MATIC needs to come down before it starts trending up again. Compare to May 10 and May 24 and the result was -60$ from it's closing price on the bi-weekly candle on May 24 / June 7. Let's not get TOO excited about a possible Christmas rally as we may have a similar result compared to the summer drop. just my thoughts on this one. Not financial advice.
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by GhostCrypto