MATIC: Pullback in UptrendPolygon (MATIC) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($0.50-$0.60), price broke above 200-day moving average, which confirmed a bullish trend reversal to Uptrend. Price reached our target of $1.00 resistance where it got rejected and pulled back. How far could it pull back? The nearest horizontal support area is $0.75, which also lines up with a 50% Fibonacci retracement level and could be an attractive swing trade entry in Uptrend, with upside potential back to $1.00. The next support area after that is at $0.69, which is a 200-day MA level and also a 61.80% Fibonacci retracement level.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.75 (previous resistance), then $0.60. The nearest Resistance Zone is $1.00.
Polygonusdt
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 Surges 6% as Whales Jump In!
MATIC token has just experienced a remarkable surge of 6%, and the cherry on top? Whales are diving into this promising opportunity!
Yes, you read that right! The MATIC token has been making waves in the market, and it's time for us to ride this exhilarating wave. With whales investing in MATIC, it's a clear sign that the smart money is betting big on its future potential. This is a golden opportunity for us to join the ranks of these savvy investors and potentially reap substantial profits.
So, what are you waiting for? It's time to seize the moment and take advantage of this exciting development. I encourage you to seriously consider going long on MATIC, as this surge, coupled with whale investments, indicates a strong bullish sentiment surrounding the token. By going long, we position ourselves to potentially benefit from the anticipated upward momentum.
Why should you consider MATIC? Well, apart from the recent surge and whale interest, MATIC has been gaining significant traction in the market due to its innovative scalability solutions for Ethereum. As the crypto world continues to evolve, MATIC's technology is well-positioned to address the scalability issues faced by many blockchain platforms. This potential for widespread adoption makes MATIC an attractive long-term investment opportunity.
Remember, timing is crucial in the crypto market, and this surge presents a unique chance to capitalize on the growing interest in MATIC. Don't let this opportunity slip through your fingers! Conduct thorough research, analyze the market trends, and consider adding MATIC to your portfolio.
If you're ready to take the plunge and long MATIC, I suggest exploring reputable exchanges that provide a seamless trading experience and offer the necessary tools to maximize your gains. Ensure you stay updated with the latest news and developments surrounding MATIC to make informed decisions.
As always, please remember that investing in cryptocurrencies carries risks, and it's essential to make decisions based on your own financial situation and risk tolerance.
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!
MATIC/POLYGON - long position |AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity MATICUSD
I still did my best and this is the most likely count for me at the moment.
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MATICUSDT IdeaAn idea for MATIC suggesting a bullish recovery at the secondary support level in dashed line.
Strongest support would be also good.
The secondary support coalesces with a horizontal support so it would be nice to see strong reversal there.
I am very bullish on MATIC.
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above.
We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live:
Entry = $0.636
Stop = $0.5582 (-12%)
Take Profit = $0.9595 (+50%)
Potential profit/loss ratio = 12/1
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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.
💥MATICUSDT 4H-TIMEFRAME ANALYSIS💥MATICUSDT 4H-TIMEFRAME ANALYSIS
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This is my new idea for 💥MATIC Polygon
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Polygon Falling Wedge FormationIn MATIC, a very clear falling wedge formation can be seen in the daily timeframe.
At the same time, MATIC, which is based on 0.75 support, can break the falling wedge if it is rejected from this support.
Once the wedge is broken up, the first target will be $1.19 and the main target will be $1.60.
Polygon Analyze (Road Map, 03/14/2023)!!!🗺️Today let's take a look at Polygon project 🗺️roadmap🗺️ in daily time frame.
First, let's take a look at the fundamental.
Fundamental :
Polygon is a layer-2 scaling solution for Ethereum which aims to address the scalability issues on the Ethereum network by providing faster and cheaper transactions. Polygon utilizes a network of sidechains to enable fast and secure transactions, allowing users to transfer assets between Ethereum and other networks.
Polygon has a strong development team that is dedicated to improving the network and expanding its capabilities. This is evidenced by the frequent updates and upgrades to the network that are aimed at improving its scalability, security, and functionality.
It also has strong partnerships with notable players in the blockchain industry, such as Aave, Curve, and Chainlink, which increases its credibility and reputation.
Overall, the combination of strong partnerships, a dedicated development team, and impressive growth make Polygon a promising project in the blockchain industry.
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Technical :
It seems that Polygon has started to form a zigzag correction(ABC/5-3-5) after completing its 5 impulse waves in the 🔴resistance zone($1.488-$1.249)🔴, so that wave A has ended on the important uptrend line.
💢Currently, the Polygon is moving in the Time Reversal Zone (TRZ) and near the resistance zone.
💢Polygon can also form the fan principle at top pattern.
💢In addition, the sell signal is created by the 50-SMA and 50_EMA.
💢The RSI indicator is also rejected from the 50% line and above the descending channel.👇
🔜I expect the Polygon to decrease to the 🟢support zone($0.77-$0.69)🟢after the important uptrend line breaks.
Polygon Analyze ( MATICUSDT ) Daily Time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached.
Project development dynamics
For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with:
Adobe Behance
DraftKings
Alan Howard's hedge fund, to develop Web3 projects
Stripe launched global cryptocurrency payments through Polygon.
Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon.
Instagram is also partnering with the project at NFT.
Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future.
Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution.
Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software.
Citigroup published a report in April 2022 describing Polygon as AWS
Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem.
A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion.
In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc.
Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon.
Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May.
Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure.
Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps.
A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation.
Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver.
Outlook for Matic
Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem.
Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses.
Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race.
Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions.
At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
Polygon MATIC price beckons to buy, but where?)Exactly 3 months have passed since the publication of the idea with our global vision of possible movements of the MATICUSDT price.
The first part of the idea has clearly worked out the $1.50 target, and the second part of the idea with a correction to $0.5 now looks unlikely.
It is more realistic to assume that the "buyer" who did not allow the MATICUSD price to fall below $0.70-0.80 during the second half of 2022 will not allow this to happen in the near future.
Therefore, we consider the $0.70-0.80 zone to be ideal for buying MATIC into the medium- and long-term portfolios with the first take profit not earlier than $2.50
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Polygon (MATIC) formed bullish Gartley for upto 91% rallyHi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair.
Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below:
Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Polygon [MATIC] will see more sell pressure below $0.9780Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan).
A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe).
The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position.
Entry: $0.9780 (below bullish OB)
Exit/target: $0.9515 (lower support)
Stop-loss: $0.9865 (above the bullish OB)
R:R - 3
Polygon aka Matic nice uptrend hey everyone,
Polygon is in nice constructive uptrend direction... it may or may not pull back to strong support trendline because its currently consolidating at the point where it is... Previous high was 1.55 approx... next high is 1.72... this year the polygon may break its previous high of $3 if crypto market remain bullish till end of this year... the lowest it can go is 0.98-1.00 since price is above 200ma.. the price may retest the 200ma if market crashes
good luck ...
MATIC Pattern in Weekly TimeframeMatic seems to be remaking the pattern it did before 2021 on the weekly timeframe. The final fix will be the last buying opportunity for me. It is clear that the correction will come up to the 40-week moving average.
MATIC is under bearish controlMATIC is so different from the whole market. However, it's also in a bearish state. but keep in mind that in case of any consolidation (of the bearish movement), MATIC will have a stronger move and will catch the green zone. then it (and the market) will continue the downtrend.
its best timeframe to daytrade is 15min. only open short in market demand saturation.
MATIC: Approaching SupportPolygon (MATIC) technical analysis:
Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support, which could be an attractive swing entry. Momentum is inflecting bullish again (MACD Histogram rising).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.60.
What will happen to MATIC after leaving the $1 penny Crypto areaWhat will happen to MATIC after leaving the $1 penny Crypto area❓
The Renko Chart shows that Polygon is at an important support line🟩
Chances for a bullish breakout confirmation are good IMO🚀
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
$Matic - End of PUMP Era - Retest $0.3Matic printing BEAR FLAG pattern just like $BTC did Jan-Apr 2022 (TERRA LUNA COLLAPSE)
POLYGON had already gone through big announcements and finally Sell the HYPE?
And ARBITRUM taking the edge over POLYGON
Complacency Phase. Expecting New All Time Low
