POLYGON (Crypto) BUY TF H4 TP = 0.4564On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.4564
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Polygonmatic
Polygon Matic soon will be POL, what price ?
On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network
On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place.
The tokenomics should remain unchanged.
Some tokens will be lost due to non-compliance with the migration instructions (purely human factor), and the supply will decrease accordingly.
And in principle, they can start a global (3) wave of growth, with an intermediate goal of $1.25 for OKX:MATICUSDT , and the final $3.50 for #POLUSDT
Polygon Matic price is at the bottom of global consolidationDuring 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 of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60
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Polygon MATIC Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
$MATIC 's chart looks bearish in mid term#MATIC #POLYGON 's long term bearish channel continues.Tried a fake out 1 month ago but the price 1.30 #usdt declined at top of the channel.With this weakening, retraces to mid of the channel is necessary, this means at least 1/2 of the price.If news emerge and break 1 #usd again, that is the invalidation of this scenario. Not financial advice.
MATIC IS READY FOR FIFTH ROUND OF BULLISH WAVEMATIC might have been completed 4th wave of downtrend inside triangle pattern. We need the price to stay above 0.52 level in order to be bullish. Soon it is expected to catch bullish momentum once BTC melting stops.
MATIC - HOT ALT🔥, but Bearish SHORT TERM📉Hi Traders, Investors and Speculators of Charts📈
MATIC has been very profitable to us so far; watch my previous update HERE:
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - you could possible see a low entry point soon!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
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CryptoCheck
BINANCE:MATICUSDT
Cryptolean Polygon MATIC UpdatePolygon MATIC declined into the daily range zone between $0.89 and $1.01 where we will continue to observe a slow and choppy price action.
A bullish break-out of $1.01 will result in a move to re-test $1.14-$1.20.
A bearish rejection of $1.01 will push MATIC price in the key daily support at $0.89.
And, a bearish break-out of $0.89 and a sustained price action below this support will make bears active towards $0.75.
Cryptolean Chainlink MATIC Update 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 support at $0.89.
Intraday Chart
The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07.
A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible.
A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy.
Support once read!
Thank you.
MATIC Long Opportunity 221%+ BreakoutCRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully.
Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip.
DYOR and bring home those gains!
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈
We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential!
From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe:
From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here:
And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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BINANCE:MATICUSDT
Polygon Portal Live as New Era Beckons for EcosystemEthereum-based layer-2 scaling solution Polygon (MATIC) has scrapped its proprietary Wallet Suite in favor of its newly launched Polygon Portal.
New era ushered in
With the Polygon Portal, the protocol says users and developers can now gain proper access to most of the solutions associated with the Polygon Chain. Through the Polygon Portal, users can now explore comprehensive dashboards for Polygon PoS, Polygon zkEVM and Ethereum.
Among the benefits of the new portal include Unified UX for bridging, Third-Party Bridges, the ability to refuel gas and access to explore developer tools. The Polygon Portal also comes with comprehensive documentation, and users will have access to support and the ability to provide feedback.
Polygon is constantly evolving, and this evolution is showcased in its ability to revamp its solutions such that they are typically more usable by both developers and users alike.
The advancement in its design accounts for why the protocol is the top destination for many enterprises and organizations entering the Web3 ecosystem. The soccer world-governing body FIFA just moved its non-fungible token (NFT) collections from the Algorand blockchain to Polygon.
This complements related moves by other firms like Starbucks and Flipkart with active loyalty programs hosted on Polygon.
MATIC price in mix
The broad-based improvement in the Polygon ecosystem has an underlying, though indirect, impact on price. At the time of writing, Polygon has jumped by 2.67% to $0.8646, extending its weekly gains to 8.16%, according to data from CoinMarketCap.
With the launch of the Polygon Portal a show of consideration for developers, we may see more of an influx of innovators into the ecosystem, with new dApps introduced that can drive demand for MATIC.
Alongside the POL rebranding that is underway, the upside for the protocol’s native token in the long run is enormous.
Get Ready to Ride the MATIC Rocket to $1 - It's Pump Time!MATIC token is gearing up for a monumental pump, and it's aiming straight for the $1 mark!
Yes, you heard it right! MATIC is on the rise, and we have all the reasons to be thrilled about it. This incredible opportunity is knocking at our doors, and it's time to seize it with both hands. So, buckle up and get ready to embark on a thrilling journey towards profits and success!
Here's why you should consider joining the MATIC long party:
1. **MATIC's Impressive Performance**: Over the past few weeks, MATIC has showcased remarkable resilience and growth. With its solid fundamentals and a dedicated community backing it, MATIC has proven its potential to soar to new heights.
2. **Market Sentiment**: The overall market sentiment is overwhelmingly positive towards MATIC. Experts and analysts are buzzing with excitement, predicting a substantial surge in its value. It's the perfect time to jump on board and ride the wave of success!
3. **Technological Advancements**: MATIC's innovative layer 2 scaling solution has been gaining significant traction lately. This groundbreaking technology has the potential to revolutionize the blockchain industry, attracting more investors and driving up the demand for MATIC.
Now, it's time for the call-to-action! Don't miss out on this golden opportunity to long MATIC and maximize your profits. Here's what you can do to join the action:
1. **Conduct Thorough Research**: Before making any investment, ensure you have a solid understanding of MATIC's fundamentals, recent developments, and market trends. Knowledge is power, and it will help you make informed decisions.
2. **Set Realistic Targets**: While we're all excited about MATIC's potential, it's essential to set realistic profit targets and manage your risk. Plan your trades carefully, and don't forget to implement stop-loss orders to protect your investments.
3. **Stay Informed**: Keep a close eye on the latest news, social media buzz, and market trends surrounding MATIC. By staying informed, you'll be able to adjust your trading strategy accordingly and make the most of this exciting pump.
Remember, this article is not financial advice, but rather an enthusiastic heads-up about a promising opportunity. Always do your due diligence, consult with professionals, and trade responsibly.
Let us embrace this thrilling moment with open arms. Get your trading platforms ready, prepare your strategies, and let's ride the MATIC rocket together towards the $1 target! Exciting times await us, and I couldn't be more thrilled to share this journey with all of you.
Matic longMy plan for $MATIC... 2 scenario's I'm looking for...
Alarms set around 0.5 fib and $0,70✅ Patience...
#trading #maticusdt #polygon
@0xPolygon
@0xPolygonLabs
MATIC Surges 3% - Time to Long and Ride the Wave!MATIC token has experienced a remarkable surge, soaring up by a staggering 3% in just a short span of time! This is an exciting development that should not be overlooked, and I encourage you to seize this opportunity and consider going long on MATIC.
The recent 3% surge in MATIC is a clear indication of the growing strength and potential of this remarkable cryptocurrency. As traders, we are always on the lookout for promising opportunities, and MATIC has consistently proven itself as a force to be reckoned with in the market. This surge serves as a testament to the resilience and upward trajectory of this incredible token.
Now, you might be wondering why this surge matters and what it means for you as a trader. Well, let me tell you, it's time to get excited! A 3% increase may seem small to some, but it's the beginning of a potential rally that could propel MATIC to new heights. By going long on MATIC, you position yourself to reap the benefits of this upward momentum, potentially maximizing your profits in the process.
So, how can you take advantage of this exciting opportunity? It's simple! Consider opening a long position on MATIC, placing your trust in its potential for further growth. By doing so, you align yourself with the positive market sentiment surrounding this token, positioning yourself for potential gains as the price continues to climb.
Remember, the crypto market is highly dynamic and ever-changing. Opportunities like these are what make trading so thrilling and rewarding. However, it's important to always conduct your own research and exercise caution when making investment decisions. While MATIC's recent surge is a promising sign, it's crucial to analyze the market trends and indicators before taking any action.
As always, I encourage you to stay informed, keep an eye on the market, and make well-informed decisions based on your own risk appetite and trading strategy. Don't miss out on this exciting opportunity to long MATIC and potentially ride the wave of its upward momentum!
Wishing you profitable trades and an exciting journey ahead!
Polygon (Matic)Matic break daily and weekly trend.
Buy the retest and you have a trade with huge upside where you could use a quite tight stop loss.
0.55 is a area of interest (buy-retest).
I think that I weekly close as a confirmation of the break should give Matic som fuel to move fast!
Polygon Matic price don't give up and trying growthLet's start the idea of MATICUSDT by thinking about why we should draw medium-term estimates of possible price movements.
Here is our medium-term idea for MATICUSDT, which we published 6 months ago.
Back then, we clearly described two scenarios and under what conditions to stick to one or the other. There is an action plan, there are critical points of activation of one of the scenarios, and it remains to trade in the right direction. And then, like everyone else, we had no idea that someone would think of classifying MATIC as a "security" and that this would cause the price to crash.
You can easily test the idea)
In the short term, the MATICUSD price is approaching a strong liquidity zone around $0.73, which has been acting as support for a long time, so probably it will not be possible to break it up at the first attempt.
A slight correction will follow, and the second time around, you can try to break through to the top of the channel at $0.83
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Polygon (MATIC) Bull ScenarioDo you think Altcoins will stall when Bitcoin starts running? If you think the alts will walk too, I can talk to you about MATIC.
In my opinion, I think we are in the days when we have the last opportunity to buy MATIC, which will be the star of the next bull season.
As you can see on the black lines, MATIC, which made the symmetrical triangle it made in the past, entered short-term downtrends 2 times within this symmetrical triangle (Orange line) and after the second break, the bull run started. We are on the eve of this process.
In the two symmetrical triangle patterns, we can see that MATIC is spending a lot of time inside the 0.382 and 0.618 levels of Fibonacci retracement. (Purple Boxes)
In addition, the bottoms and tops that form the symmetrical triangle in both patterns are made at the same Fibonacci levels. This is another indication that the two patterns are very similar. (Red arrow and circles)
Therefore, when we look at the Fibonacci levels again, we can see that when the bull season is entered, the targets will be $10 and $87, respectively. This means 1672% when the first target arrives; In the second target, a profit of 14000% will be obtained.
Since the risk/reward ratio in this scenario fits my trading style and strategy, I made my first purchase at this level. I will add when the orange resistance is broken and retested, and I will add my position at the retest after the triangle break (black) and wait for the $87 level.
MATIC STRONG BEARISH Falling KnifeTrend 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 caused a $387 million wipeout from the crypto market.
Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish.
The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform.
While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag.
Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action.
Regulatory fear leads traders to liquidation
In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens.
As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself.
According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period.
Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most.
Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million.
Red season for the cohort
Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI).
At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state.
The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
💥MATICUSDT 4H-TIMEFRAME ANALYSIS💥MATICUSDT 4H-TIMEFRAME ANALYSIS
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This is my new idea for 💥MATIC Polygon
I hope my idea is clear
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Stay Safe💯💲💲💲
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Robinhood will delist Polygon MATICIf you haven`t sold MATIC here:
Then you should know that Robinhood, the well-known trading platform, will discontinue its support for three cryptocurrencies implicated in SEC lawsuits against Binance and Coinbase.
Effective from June 27, 2023, Robinhood will no longer provide support for Cardano (ADA), Polygon (MATIC), and Solana (SOL).
In My opinion MATIC will test the support of $0.50.
Looking forward to read your opinion about it.
MATIC - Are we Going to DOUBLE BOTTOM!!KUCOIN:MATICUSDT
CRYPTOCAP:BTC sitting in the huge Head & Shoulders provides ideas for possible downside.
You can see my idea here: tinyurl.com
Price action is lurking around below the neckline after breaking it. Possibly a build up.
Once it moves we activate our plan.
CRYPTOCAP:MATIC looks interesting sitting in a Falling Wedge and could we get a Double Botton for upside break or
would we need to wait for this at the Possible Pullback level should CRYPTOCAP:BTC breakdown.
My regular followers know I like to have a Plan for my Long and Short but with clear Action and Trigger points so that I can execute like a bot and play my edge.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations