Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC? How do we trade this? 🤔 As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving...
During the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20 However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy. Whether this is true or not, we will soon find out, because if the price...
Polygon MATIC declined sharply to $1.01, the key daily support. A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20. A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next...
MATIC has been caught between a trading zone since November but has finally touched the Support Zone and bounced back above the Daily 200EMA. Should we long here? How do we trade this? 🤔 The Support Zone was touched and a strong bounce led the price back above the 200EMA. We are currently hovering between the Daily 30EMA and 200EMA with no clear signals to buy...
MATIC (Polygon) is holding above the Daily 200EMA support and has yet to break it after making contact 5 times since breaking it. So why is a short scalp reasonable? How do we trade this? 🤔 We have a few good reasons to be looking for a counter-trend trade; There have been several sell-offs in the $0.95-$1.10 range, a very strong sell-off at $1.10, the 200EMA...
MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short? How do we trade this? 🤔 We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and...
MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level? How do we trade this? 🤔 To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of...
Polygon broke out of the 200EMA resistance and ran to the upside to flirt with the $1.00 price point in mid-November. We've now seen a two-legged pullback from that price and a double bottom seems to have formed. Does that mean we're ready to try for $1.00 again? How do we trade this? We do have many of the required conditions to get long! But we do need to...
Trend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens...
Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which...
Past Performance of Polygon Polygon prices more than double from January to February. MATIC rose 108% from December lows and remains within a bullish formation despite recent losses. From the daily chart, MATIC is down 30% from February peaks and likely to post even more losses in sessions ahead. #Polygon Technical Analysis Polygon prices fell over the...
Past Performance of Polygon Despite the contraction of the past few days, Polygon is trading above November highs, and looks firm. The coin is up roughly 80 percent from December lows, and trading above the middle BB, signaling strength. Per the current setup, support lies at $1.30. #Polygon Technical Analysis The overvaluation of February 18 is being...
Judging by the moving averages on the weekly timeframe, closing the week below $0.75 will pull us to the level of $0.62. Conversely, staying above the $0.90 resistance is essential for a sustained rise to start. Closing this week with a green candle could target the $0.90 resistance.
Past Performance of Polygon Like the rest of the markets, MATIC is in range, moving horizontally without a defined short-term trend. From a top-down preview, buyers have the upper charge if the H2 2022 price action leads. The immediate support line is around $0.76, while resistance is at $0.93 and $1, respectively. #Polygon Technical Analysis Presently, MATIC...
Hello traders, a new week is upon us! #MATIC update with a look at the weekly candles. We have formed a bearish engulfing candle formation after which a move down is very likely. I will definitely look for short entries on the smaller time frames after the confirmation of the trend down to levels around 0.59. Dollar Index in today London session lifted and...
Past Performance of Polygon Polygon could be up 28 percent from September lows, but bears are still in a commanding position. Overly, MATIC is bearish from a top-down preview and consolidating below $1. As long as the coin is trending below this psychological liquidation level and trading volumes are suppressed, traders can search for entries to liquidate. This...
Past Performance of Polygon Polygon often tears higher, even outperforming the market whenever there is activity on Ethereum. However, in the current case, MATIC prices are reaping higher and expanding faster towards September 2022 highs from the middle BB. With a bullish engulfing bar and a spike in trading volumes, the odds of MATIC surging above $0.95 remains...
According to the principle “U Can’t Touch This”, Polygon is pulling the M. C. Hammer move above the blue zone between $0.68 and $0.40, meaning that the altcoin just won’t touch it. Nevertheless, we still expect the cryptocurrency to dive into the blue Zone to finish wave (ii) in blue before rising above the resistance at $0.94, thus affirming further ascent....