MATICBTC trade ideas
#MATICBTC (Long Term) 8/20 #MATICBTC (Long Term)
Buy : 0.00000234 - 0.00000217 - 0.00000200
Target 1: 0.00000246
Target 2: 0.00000270
Target 3: 0.00000410
Target 4: 0.00000585
Stoploss: 0.00000195
Signal R/R: 10% / 150%
Net ROI : 50%
Invest: 3%
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
Wait bounce from 221Istanbul indicator shows important levels for us. Channel between 221 to 245 works more than 3 time for MATICBTC. Maybe works again. Wait bounce from 221 to open long position.
MATICBTC is consolidation below weekly structure 🦐MATICBTC is consolidation below weekly structure.
on 1d timeframe the price is creating an inverse head and shoulder
on 4h timeframe the price is creating an ascending triangle
IF the price will break the weekly support According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
MATIC coiling in a Symmetrical TriangleSymmetrical Triangle can breakout to either side, judging from the overall trend of crypto market, we are likely to see it breaking upwards to start a huge bull run, good to accumulate.
Matic/BTCTested the downtrend line from the top and going up. Good setup for a long position.
The only problem - it doesn't look like that good enough position been consolidated by the buyers. Dont seat in this. Sell your greed and take your profit.
Safe price indicated in green but no guaranties that it will get there.
Expanding on MATIC Big triangle has formed
Included a optimal buying zone in green, that includes the present time.
This could moon anywhere so i withdrew from placing a bars pattern.
Volume is currently 161 million
MATIC is also now available on the KYBER network
Matic To The Moon! 3 ReasonsTicker: MATIC / BTC
Buy: 0.00000225 - 0.00000235
Stop Loss: 0.00000214
Targets: 0.00000270 - 0.00000300 - 0.00000400
In early August, Matic was on strong support level, where we noted accumulation in previous times. After this, we saw a breakdown of the downtrend with followed a retest. The price has confidently entrenched at new levels.
An additional factor for growth is the new partnership of the project with the goal of creating decentralized oracles on Ethereum. The team plans that Dapp and DeFi projects will use these oracles. Given the high hype around DeFi, this could trigger a lot of growth.
Also on the Binance exchange, walls with a large volume have been seen, which appear and disappear. Indirectly, this indicates a high interest in this coin from large buyers.
KA-BOOM! AUTO-MATICI circled a fractal which was present prior to the October 2019 pump...which preceded the November 2019 mega pump. Prior the the October 2019 pump we got a dip in the Advanced Decline Line (ADL); which the vertical gray lines represent that point in time graphically. I believe we are currently in a similar period now. With the top trend line perpetually converging down on the current price range... this seems like an easy one.
THIS IS NOT FINANCIAL ADVISE. CRYPTO IS HIGHLY VOLITILE.
BINANCE:MATICBTC - BULLISH ON LAYER 2 SOLUTIONSWith ETH having problems with scaling, gas fees and ETH 2.0 delays, layer 2 solutions might become the next hot thing in crypto!
DeFi has put a lot of stress on the ETH network, and layer 2 solutions might alleviate some of these pain points.
MATIC is a layer 2 solution backed by Binance and Coinbase, and has the potential to be a Coinbase listing.
On the Binance chart, Matic has had an uptrend since being listed, and has respected this trend.
Given the current market conditions, and the need for a solution like MATIC, this can be a good trade for medium to long term.
MaticBtc Long opportunity with 150-220% targetSeems everything is set for price to break the major rectangle resistance barrier by breaking through the strong supply zone on the next re-test.
Following wave structure show a clean entry spot for us and always remember to apply stop loss.
Kindly go through the chart and do leave your comments about the expressed view.
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#MATICBTC RISKY (Long Term) 5/20 #MATICBTC RISKY (Long Term)
Buy : 0.00000221 - 0.00000205 - 0.00000189
Target 1: 0.00000243
Target 2: 0.00000298
Target 3: 0.00000387
Target 4: 0.00000553
Stoploss: 0.00000184
Signal R/R: 10% / 150%
Net ROI : 50%
Invest: 3%
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
Matic ready to resume its UPTRENDA lot of traders got burned earlier in the year when it retraced its entire breakout - and what a breakout it was. Finally the players have gotten their nerve up to forgive and forget. Long on the weekly and waiting for a new high.
$MATIC / Matic BULLISH chartI have to admit... I absolutely hate this chart. It's so ugly. Just like XRP and TRX.
That being said. I'm still quite bullish on Matic. There has not been big news coming out of the company lately, but I'm sure they will announce something massive and DeFi-esque soon.
That chart is getting closer to the end of this massive triangle and soon has to decide weither it should roll over and die or explode upwards. (My guess is the latter).
The lower yellow line has been respected as support 5 times. Last time was yesterday.
The blue horisontal line has also been of big significance @ 167 sats.
My guess is that we break out of the traingle to the upside -> Meeting resistance at the top yellow and top green line (bit of zig-zag in that area) -> retest the top green line and bounce off it -> MOON CITY.
I would not be surprised though if we revisit 167 sats one last time as a fake-out. If what were to happen I would be buying enormous amounts og Matic.
Let me hear what you think!
#DYOR
