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Polygonusd

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:
MLong
by Philippe_0x
Polygon (Matic) To Retest ATH, Next Stop price discovery 🚀Polygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% Fibs currently only 55% gain away from the current price. Polygon (Matic) is currently only 29% from the ATH @ $2.88..we need a clear breakout above the 78.60% fibs, a daily close above this key level of resistance would turn the 78.60% fibs into a strong support level for the next Matic parabolic run as it looks set ready for price discovery with all the latest developments & looking at the price action 🚀 Our current price Targets for Polygon from the current price: 127.20% Fibs at $3.47 (55% Gain) 161.80% Fibs at $4.22 (90% Gain) 261.80% Fibs at $6.41 (187% Gain) 461.80% Fibs at $10.78 (380% Gain) Please see previous analysis below. Happy Trading :) Polygon (Matic) Update 07/12/21: Matic has shown great strength since the crash on the 4th December, recovering +63% from the -35% drop experienced. This project has very strong fundamentals with some of the most cutting edge technology in Blockchain Technology today. This is Ethereum's Internet of Blockchains, although Matic has already grown 12514.5% YTD, we can expect similar growth pattern to Solana. Since the July crash, Matic has been fighting some heavy resistance from the previous key price levels @ the 23.60%, 38.20% & 61.80% fibs from the sensational run we experienced during the early months of this year. on the 14th October our A.I script triggered a strong buy signal on the daily chart @ $1.30 just below the 23.60% fibs. Since the Buy Signal triggered, Matic has grown 89% in just under 54 Days. Matic's first impulsive wave topped just above the 61.80% fibs ($2.14). As mentioned in previous analysis, Polygon's move back to the ATH is not one which is going to be straight forward due to the nature of the explosive move earlier this year and will face some key resistance on this push phase back to the ATH @ $2.88, which is now only 14% away from the current price @ $2.48. From the current price level Matic has some strong support at $1.91 & $2.14, a strong bullish continuation pattern is in play for Matic and we can expect to reach our price target at the 127.20% fibs @ $3.47 sooner than you may think, currently only 37% gain away. It is very important for Polygon to flip the 78.60% fibs ($2.41) key resistance into Key Support for this continuation pattern back towards the ATH and the 127.20% fibs. Polygon (Matic) Update 03/11/21: The last breakout from this tweezer chart formation gave us 77% gains, if this trend continues we can expect to see Polygon (Matic) above $3.69 and heading towards our target at the 161.80% fibs @ $4.22 (104% away from the current price). Polygon (Matic) Update 28/10/21: $1.63 was the last critical resistance which Matic has now flipped into support above the $1.77, it’s going to be interesting to see just how quick Matic retest it’s previous ATH set in May as Matic is currently only 48% away from $2.87, from here we have the following price targets: 127.20% fibs @ $3.47 (80% Gain from the current price) 161.80% fibs @ $4.22 (119% Gain from the current price) 227.20% fibs @ $5.66 (192% Gain from the current price) Please see previous analysis below. Happy trading :) Polygon (Matic) Update 23/10/21: Polygon (Matic) is currently 86% from the ATH @ $2.87 and 174% to the $4.22 target. From the current price we are currently 555% away from Polygon (Matic) at $10, we can expect to surpass this peak bull cycle it's going to be an explosion 🚀 Our current price Targets for Polygon from the current price: 127.20% Fibs at $3.47 (127% Gain) 161.80% Fibs at $4.22 (177% Gain) 227.20% Fibs at $5.66 (270% Gain) 423.60% Fibs at $10.04 (555% Gain) Please see previous analysis below. Happy Trading :) Update 16/09/21: Polygon (Matic) To Retest ATH , $4.22 Price Target @ 161.80% Fibs. Matic is looking extremely healthy currently trading just below the key support level at the 38.20% fibs. We are looking extremely healthy for a continuation trend back to the ATH at $2.87. Our target after a retest of the ATH is at the 161.80% Fibs at $4.22 (157% Gain from the current price level). Please see previous analysis below. Happy trading :) Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and bottomed out @ $0.64. Currently Matic is trading @ $1.47 and if Matic can flip this key resistance above the 38.20% fibonacci level into support above $1.77, Matic looks poised for a big move (95% back to ATH ) from this support zone . 185% Gain to the 161.80% Fibonacci target @ $4.22. See previous analysis below. Happy Trading :) Polygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :) Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :). $Matic $Polygon See Previous Analysis Below: Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
MATIC - Knockin' on Heaven's DoorPolygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. The current CoinMarketCap ranking is #14, with a live market cap of $17,500,000,000 USD. I drawn first trendlines on this coin chart while it was at 0.02$, but unfortunately I didn't load up at this price level. Since recent big crypto market dump, MATIC is one of few which was bought up quickly and now facing last resistance before takeoff to unknown territory. If it manage to breakout and turn last resistance into support, as usual I'm targeting Fib. extensions as take profit zones. In this case it is approx. 4$ as TP 1 and 6$ as TP 2. In case of rejection from resistance zone, I'm looking at green boxes as buy opportunities. Considering high CMC ranking and M. Cap, I don't expect huge gains here. That already happen with this coin. My average buy price is around 0.8$ and I took some profit earlier today. At 4$ and 6$ zones I'm planning to reduce my position to 20-25% of initial position and reallocate into project with smaller M.Cap. Thanks for reading and good luck!
MLong
by Philippe_0x
1
Matic Polygon at Key Support Area, Let's Go!As you can see, Matic/Polygon has been consolidating within this bullish corridor and continuing to set higher lows along the trend line (as depicted). I believe that we will likely find support at this level $1.82 and should begin our journey towards additional bull market profits, with the short term goal of $2.70 as a target (previous ATH). Long term, this coin is MASSIVE and partnered with too many technologies and companies to count. Pay very close attention to see what Matic/Polygon does here, it could be a great long opportunity. *this is not investment advice and I am not a financial advisor.
MLong
by iHeartData
Question for the wise, Downward Flag for MATIC?Hey guys, As you know I have a lot of curiosity as to what Polygon is going to do in the near future, and I am a beginner (less than a year in), so I wanted to know if this would constitute as a downward Flag on the MATIC Chart this morning? If so, is the right strategy to see where the price breaks out of the flag as an indicator as whether the price will rise or fall coming out of the Flag? Also, if so, what is a good way to tell where the flag ends? It seems to me that you would need to pin that down before being able to identify which way the price breaks out of the flag.....if I am remembering the insane amount of info I have jammed into my head basically home schooling my ay through stock trading. I think this will be one of the most rewarding things I have ever done in my life....just as long as I do it the way it should be done, hence all these questions that aren't fielding many answers, I thought the purpose of this community was to try and educate more of the population on how our financial system really works, and that most "regular" people are being taken advantage of with just about every industry...so, in the hopes of finding some friends with a common interests, and good people who I can trade with, I will reach out again, with more keywords this time....thanks in advance for your time and any consideration you may have given to helping me, whether you end up commenting or not....just want to soak up everything I can, we all started somewhere guys...thanks
FTX:MATICUSD
by DutchBoyzDynasty
5
MATIC Price To Climb 20% Climb Amid Continued Polygon Adoption MATIC price forms a rising channel on the daily chart after rallying approximately 28% on Thursday. Polygon aims for a 20% rise to $2.40 amid increasing adoption. MATIC Price rallied nearly 28% on October crushing a crucial hurdle at $1.77 which had curtailed Polygon’s movement upwards for over five months. Yesterday’s increase in bullish pressure has triggered a possible rally for the Layer-2 Token to areas around $2.4. Can investors expect Polygon to continue the uptick? Polygon’s relevance continues Polygon blockchain company announced its first partnership with an insurer. Its partnership with Tidal insurance is expected to help Polygon to secure its DeFi ecosystem. The project aims to solve DeFi insurer’s supply and demand problem by “allowing capital leverage as well as additional token incentives to increase capital return. The announcement read: “This collaboration is aimed to increase safety measures for top quality Polygon projects through Tidal Insurance. Projects need to meet certain criteria in terms of auditing, TVL, and other safety measures. Qualified projects will be awarded with a premium discount offering and MATIC incentives for their coverage providers.” Ethereum price rallied to an all-time high on October 28 with its ecosystem active with dApps, DeFi, NFTs and meme coins. Polygon has been providing valuable help to users and new projects on the Ethereum blockchain, who would otherwise have found it difficult. Therefore, Polygon provides scaling solutions and is at the center of whatever the future might bring for the ETH ecosystem. MATIC Price Could Rally To Above $2.40 MATIC price took a breather after rallying to $2.14. This price action has formed an ascending parallel channel on the four-hour chart that forecasts 20% gains for Polygon in the near future. However, this upward movement will not be easy, as the MATIC price uptick was rejected at the $2.22 barrier embraced by the upper boundary of the prevailing chart pattern. Moreover, the Relative Strength (RSI) Indicator’s retraction from the overbought zone on the same four-hour chart forecasts a correction which seems to be playing out. As such, Polygon must flip $2.22 into support, a confirmation of a decisive breakout upwards towards $2.40. This will represent an approximately 20% rise from the current price at $2.03. A further climb from here could see MATIC tag the all-time high around $2.69. However, if things go awry for Polygon bulls and MATIC price closes below the immediate support at $2.00, the Layer 2 token may tank towards the $1.77 support level. A further drop below this level could see Polygon tag the $1.73 support wall or the Simple Moving Averages (SMAs) below it.
MLong
by CoinGape
1