Polygon MATIC price will double or halve its value in few monthFinally, altcoins have started their upward movement, most of the ideas we have published on different coins over the past 2–3 weeks are in the process of working out the targets.
But the MATICUSDT price did not grow much on the crypto market in the last few days. In fact, the MATIC price was one of the first to break out of the downward trend in the summer of 2022 and has been in a protracted consolidation since then.
The way out of such consolidation will be a powerful impulse movement that will double the value of the Polygon token or halve it.
Therefore, it is very important to monitor the behavior of the MATICUSDT price around $0.75.
Another holding of the price above this level will increase the chance of starting growth to $1.50 per MATIC
However, if sellers can easily push and fix the price below $0.70-0.75, then this will be a signal that keeping MATIC in your portfolio may be unprofitable. After all, because of such conditions, an almost unobstructed path will open for the price to fall to 0.44
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Polygonusdt
MATIC/POLYGONIm Expecting price to go lower.
Trade base on your own decissions.
Come and check me out for more
MATIC: Approaching ResistancePolygon (MATIC) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($0.75-$1.00), trends have reversed to Uptrend and price is near another major resistance zone at $1.30. wait for price to 1) break above $1.30, or 2) pull back near $1.00-1.10 support for swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
POLYGON MATIC SHORT TRADE Heres a Quick SHORT SETUP
entry - 1.1718
stop-loss 1.922
Take profit 1.112
MATIC - Long scenarioThere are possible scenarios for matic to move upward.
targets are on the chart and keep in mind that any position you open, should have stoploss on 0.7. design your position with this SL and a good risk/reward.
in the green zone, we might have very low momentum, but as daily MACD gets above 0, it will jump.
all the idea will expire after getting lower than 0.7
MATIC GONNA EXPLODEHidden bullish div on MFI. MFI is forming a falling wedge which will explode upside.
Feel free to comment your opinion.
Polygon: Holy Poly Guacamole 🥑Let's show 'em how it's done! Polygon continues to spike up and should exceed the resistance line at $1.30, if it carries on with its bullish temper. Our alternative scenario implies, that MATIC could drop below the support line at $0.689 until it reaches the end of the blue wave alt. (ii).
Polygon Long TermJudging 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.
Polygon (MATIC/USDT) Poised to hit $1 SoonBitcoin price has been largely bullish since the beginning of 2023 and after recording a series of bullish candles, the bulls apparently look exhausted. It appears that the price corrections are just to attract more liquidity over the platform which is more required to uplift the price to reach the desired target of $20,000 very soon.
In the meantimes some of the altcoins including Polygon(MATIC) are preparing to lay down a firm upswing. To be specific, the MATIC price is believed to rise high beyond $1
The MATIC price currently displaying immense strength as it is about to accomplish a parabolic recovery to reach the neckline of the consolidation.
After reaching the resistance, the price may witness a significant pullback to the lower support around $0.84 and ignite a notable upswing towards the interim resistance at $0.91
Here the bulls are required to hold their strength which may propel the price higher above the crucial resistance at $0.95 which may in turn uplift the price beyond $1
Polygon MATIC Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Polygon MATIC are:
MATIC/USDT short
Entry Range: $0.84 - 87
Take Profit 1: $0.74
Take Profit 2: $0.61
Take Profit 3: $0.56
Stop Loss: $0.98
Polygon MATIC bullish ahead of the FOMC Press ConferenceI am bullish on Polygon MATIC ahead of the FOMC Press Conference.
Those are my price targets:
MATIC/USDT
Entry Range: $0.85 - 90
Take Profit 1: $0.96
Take Profit 2: $1.07
Take Profit 3: $1.19
Stop Loss: $0.77
MATIC Support and ResistancesThe support and resistance levels for MATIC in the hourly timeframe are as seen in the chart. In case of a decrease below 0.74 level, 0.72 should be waited to buy. My strategy will be about lowering the average as it decreases by buying at the supports and gradual selling at the resistances. For long-term purchases, you can look at the analyzes I made in the daily time frame.
Matic (Polygon) Gem EditionPolygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
#Instagram launches NFTs on Polygon
#arrow-rightStripe launches global payouts with crypto using Polygon
Sadly correction is needed!
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.
Matic to continue downtrendSimilar to the macro conditions with BTC and ETH, Matic has a blood diamond on daily chart. I expect a 4 to 9 bar continuation to the downside. This gives us a price target of 0.71
MATIC won´t be different. When to buy?Most likely Matic (Polygon) won´t be different. It will go down together with the whole crypto market.
On the chart you can see 2 possible scenarios. The direction is down.
Because of the FTX drama, the sentiment is bearish and probably it will remain bearish for awhile.
In the next days or weeks we may see more crypto firms announcing their bankruptcy therefore altcoins won´t perform well.
Welcome to crypto market!
MATIC 4H ANALYSIS Matic very well project.
Resistance $0.90 ,0.95,$1
Support $0.85
Matic trying $1 Breakout.
Matic Long Term Vision $5
Matic
MATICUSD Non-Log Trend Line Drawing a trend line between two strong flag like structures
The first prior one popped off greatly, will we see something like this for the second flag structure?
Post to support my prior Analysis that got a few views the other day
MATICUSD Repost (It Reminds Me) MATIC Definitely reminds me of an early Ethereum in many ways
This chart furthers that
Structure with labels 1,2,3 can be seen in early ETH chart
This structure is current on MATICUSD
Will we catch a 13000% move on MATICUSD? As was seen on ETH?
MATIC is in danger, it will DUMP hard!Hello, everyone!
Let’s continue to analyze the most dangerous altcoins which showed the greed during the bounce on the Bitcoin. Today it’s MATIC time. It now has the most dump potential. I suppose that the market maker created the fake growth on this altcoin to show other traders the illusion of the asset’s power. Of course it’s fake and MATIC is going to break or at least test it’s bottom at $0.33 and I will show you why. Let’s go!
Let’s take a look at the 1D time frame of the MATICUSDT of the WhiteBit exchange. The bottom at $0.33 was the end of the wave 3 as on the entire crypto market. The corrective wave 4 retraced this wave with the zigzag correction. Zigzag correction usually consists of wave A (5 waves), wave B (3 waves) and wave C(5 waves). You can see on the chart how perfectly the market structure for MATIC corresponds to this theory. One question you can have is why the wave 5 did not break the wave 3 top in the wave C. I can explain it because wave 5 could be trimmed. It’s OK for the altcoins.
Now the price is drawing the wave 5 and I suppose the the sub wave 3 of this wave is in progress. The minimal target for the wave 3 is the $0.61 – 1 Fibonacci extension level, but I think MATIC will hit $0.3 again because the 1.61 Fibonacci placed right here.
Best regards, Ivan
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MATICUSD - Contained Within Channel MATICUSD on a Weekly timeframe
Price has moved up within the Gaussian Channel
Price will likely led to a breakout to the upside as this containment within channel continues and is seen as support
This can be seen as a bullflag on the Monthly, which I have linked below
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
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