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Polygonmatic

Year-End Targets for Polygon(MATIC/USDT)! Will it Hit $1?Polygon price displayed immense strength since the start of December 2022, but the FUD related to Binance insolvency, the price of MATIC and various cryptos slashed hard in no time. Meanwhile, the price is attempting very hard to keep up a bullish trend and hence trading within a bullish ascending triangle . However, the token has faced constant rejections at the resistance and the recent drop substantiates the bearish grip at these levels. Therefore, the pice may continue to trade within the pattern until the end of 2022 and ignite a notable upswing in the first few days if 2022. The MATIC price is expected to rise high and test the crucial resistance zone but may again face a rejection for one last time. The price may again reach the lower support and rebound which could bring the asset towards the pinnacle. Here, depending on the induced volume, the price may break above the ascending triangle to test the upper resistance at $0.819. Meanwhile the possibility of reaching beyond $1 appears to be pretty less at the moment but cannot be completely discarded. With a slight change in the market sentiments, the price is believed to rise high and achieve $1 mark in the firs few days of 2023.
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by Coinpedia-Market-Insight
Polygon MATIC price Medium and Long term tradeThe MaticUSDT price was one of the first to break out of the falling trend channel back in July this year. Now MaticUSD is trading above the liquidity zone of $0.67 - 0.77 You can try a medium-term trade: Entry $0.831 Stop $0.7624 (-8%) Take profit $1.1974 (+44%) Profit/loss ratio 5/1 You can also consider this trade as a long-term investment and hold it until the take profit of $1.90 (+127%) You can also keep a larger stop on the position, around $0.67 There are many options, it depends on what parameters your risk and money management allows . But it is probably not worth getting the Polygon token - Matic when the price will be below $0.67 . After all, there is an "emptiness" below the liquidity zone and the possibility of the MaticUSDT price collapsing to around $0.4 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
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Polygon: Remove before FlightReady for Takeoff? Polygon couldn't wait any longer and skyrocketed, before we could fasten our seatbelts. What goes up must come down, which is why Polygon has to take a dip after aiming for the stars and drastically increasing in over 23%. The sky is the limit, so we're expecting more movements upwards in the yellow target zone betweenn $1.18 - $1.33 to complete the yellow wave (3). Polygon is moving from the top down the yellow zone between $1.13 - $1.02 to turnaround to fly above the clouds and complete the yellow wave (5). Finally, it is important that the support at $0.968 should not be crossed in order to keep the upward movement going.
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by MarketIntel
2
Polygon: Hammer time! ☝️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. However, there is also a 42% chance that Polygon could indeed not touch the blue zone at all and instead climb above $0.94 directly.
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by MarketIntel
Polygon: Jump, Jump 🎤We commence to make you – jump, jump, The Mac Dad’ll make you – jump, jump, The Daddy Mac’ll make you – jump, jump, Kris Kross will make you – jump, jump... As fitting as it is, we’re not really talking about the song by Kris Kross, which was released in February 1992 as the first single of their first studio album, but much rather commenting on Polygon’s next movement. Indeed, the altcoin should jump from the orange zone between $000 and $000 into the blue zone between $0.686 and $0.400 to finish wave (ii) in blue. Then, it should turn upwards, heading for the resistance at $1.05 and eventually crossing this mark. However, there is a 38% chance that Polygon could directly jump above the resistance at $1.05 instead.
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by MarketIntel
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