MATICBTC trade ideas
Matic looking healthy Matic just looking like a healthy long rising trend currently near the support realm, seems like a safe bet for easy profits if you have the patience.
$MATIC, Trying to flip ~220sats resistance level into support$MATIC
Trying to flip ~220sats resistance level into support as UCTS is showing a buy signal on the daily (lower tfs deciding..)
Volume is very appealing right now but if it starts flowing in, then aiming for ~260/300 sats..
Tight SL just in case!
#MATIC
LONG - MATIC - Trading OpportunityBINANCE:MATICBTC retesting MA200 on the 4h chart, a really important support, it seems that it plans to continue the uptrend after this retest.
Entry: 0.00000230
Target 1: 0.00000252
Target 2: 0.00000268
SL: 0.00000219
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Time has come....500+ Satoshi is first target....Matic Network is without doubt one of the biggest coins for 2020.
Has been moving sideways with small spikes because it’s bullish ...,and now the time has come.
I will not be conservative, I have 500+ as my first target, and after correction we will hit double or triple.
Wish you all a good trade...
THIS IS NOT A FINANCIAL ADVICE, PLEASE INVEST AT YOUR OWN RISK.
Matic Long Updated Idea -Big Upside Potential.Green lines are my target zones for matic.
Blue lines the entry zone.
Red is the stop!
Lets see how this one plays out. I did put this play out earlier with a stop loss that was simply too tight!
I want to give it more wiggle room.
Always do your own due diligence Never consider my ideas financial advise.
Matic Network | A Big Gartley Setup For Big Bullish MoveHi friends this hope you are well and welcome to the new update on Matic network token. The Matic token is again gearing up and so far it has moved more than 20%. In today's article we will do analysis on this token.
The movement within the parallel channel:
In my previous post we have seen that the price action of Matic network is moving within a parallel channel since December 2019. And the movement of the priceline within this channel is very much synchronized with Stochastic and Directional movement indicators. As we can observe that whenever the price action moves at the support of channel and the stochastic gives bull cross then finally when the positive directional indicator crosses up the negative directional indicator then the price action of Matic token moves up to the resistance of the channel.
In my previous post the price action was trying to breakout the resistance of the channel. But unfortunately it is dropped down again. But this time the priceline of Matic token did not drop up to the support of the channel. And almost from the middle of the channel the price action again has started moving up. The reason is that before the price action reaches at the support the stochastic indicators gave bull cross from the oversold zone and positive directional indicator moved up without crossing down the negative directional indicator. After these bullish signals the price action moved up and so far we have seen more than 20% bullish move. At this time the bollinger bands is squeezed that is another indication that the price action can soon make a big to up or down side.
The important role of MA7 with MA 25 combination:
In my previous papers I described that it on the long-term weekly chart of Matic network the simple moving average with the time period of 7 with the combination of simple moving average with the time period of 25 has a very important role. As in the month of November 2019 we have witnessed when the 7 simple moving average crossed up the 25 simple moving average then it produced more than 247% bullish move. And I was expecting that when the 7 SMA will again cross up the 25 simple moving average then it canl produce another rally. And finally in the first week of June 2020 we received this bull cross between the moving average 7 and the simple moving average with the time period of 25. And so far the price action is moved more than 20% up.
The Cup & Handle formation:
Another reason for gearing up of Matic network is the formation of Cup & Handle pattern with consistency. As in my previous post have seen that priceline of Matic token completed the cup and handle pattern in Feb 2020 and produced more than 65% rally and started the formation of the next cup and handle. When I posted my previous article at that time the price action was moving down to complete the handle of the cup. I was expecting that it will be moved up to 0.618 Fibonacci retracement level. And as per expectations the priceline of Matic token retraced up to this 0.618 golden ratio and now gearing up.
A very big harmonic Gartley move:
If we switch to the 2 month time period chart. Then it is revealed that the price action of Matic network has formed a very big bullish Gartley pattern. After the first leg the A to B leg is retraced upto 0.786 Fibonacci retracement level that is a 1st confirmation of Gartley. Then B 2 C leg is projected between 0.382 to 0.886 Fibonacci projection (here I have ignored some extra spike) and this is the projection of A to B leg. And this is the second confirmation of bullish Gartley. And finally the price action has been retraced between 0.618 to 0.786 Fibonacci retracement level and this is the final confirmation that Gartley pattern has been completed. Now as per Fibonacci sequence of this pattern the buying and sell zone or the potential reversal zone and Fibonacci projection of this pattern are as below:
Potential reversal zone or buying zone: 0.00000249 to 0.00000161 sats
Fibonacci projection or sell zone: 0.00000320 to 0.00000485 sats
Even though we can see that the price action has already spiked up to the sell zone but I am expecting that it will start a sequence of bullish candlesticks that will be completely entered in the sell zone soon.
Conclusion:
All chart patterns from short term to long term and the indicators as well are giving signals that the price action my again hit the resistance of the channel. However the movement of the priceline up to the support is still due, therefore we should take care of the stop loss strictly.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MATIC/BTC 4H Breakout retracement entry possible.If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
MATIC experienced a nice breakout and now seems to be running out of steam a bit. The buyers are getting exhausted as the RSI shows it's overbought with a slight bearish divergence on the RSI as well.
It's still bullish as these uptrends usually have three upcycles ( Elliot wave ). And the Tenkan ( Yellow line ) broke away nicely from the Kijun ( Dark Blue line ) which is also a bullish indication.
But as always chasing is not a good plan. So if it comes back into the Purple box where the R1, Kijun, and Tenkan reside and doesn't bounce it was a fakeout. If it does bounce on these as they should act as strong support, that would confirm the trend and be an ideal Long entry position.
If you would like to daytrade it for a riskier play, you could short the retracement as well.
MATIC/BTC LONG UPDATEMATIC started moving up from the purchase zone - the fractal is working out very well, the algorithm is smart and high-risk, you don’t have time to look around at how much it will cost 500 sat, but you shouldn’t stand out in euphoria, we saw it unceremoniously several timesThis coin is being poured. Now, as I see it, it will be possible to buy after a channel breakdown at a retest, or to pick it up at the lower border - but this is unlikely in the future to be corrected. Now the main target for the Matic area is 460 Satosh
MATIC BTCbroke to the upside! looking for retest or next leg up. im hopeful for retest. MATIC has good fundamentals and hype, along with being DeFi (hot right now!)
MATIC/BTC LONGMATIC skillfully moves in the parallel channel , gave earlier analysis on this coin, reached the first target and perfectly correct, imposed last year’s fractal , which resembles the current movement .190-218 sat will be a great buying area. Target to close the fall under 460 sat and ATH .Cancell this scenario will dropped from the channel
#MATICBTCMATIC has a good support at 202 and strong support at 169 after that Matic pumped and corrected till support zone.
In my view, Matic can go up again and hit the resistance at 269 and if break that we can see 317 and 371.
Matic very bullishMATIC looks very sweet, lots of room for at least 2-3x I guess in next 1-3 months.
Binance: MATIC/BTC Long - Can it go all the way ?MATIC is currently facing cloud resistance. After a few days of market volatility it was able to find support and close the last 3 days above the 50MA. It has also being achieving a higher low signaling an uptrend. If it falls under the 50MA and closes under 203, then the trend has reversed and we are now bearish. On the other hand, if the uptrend continues, it will take us into the first target. If it gets enough volume, breaking and holding above the 1.0 Fib will take us into a long term trade on which we will have to update the trade and follow the weekly chart.
Entry: 205 - 215
TG1: 235
TG2: 250
TG3: 270
Stop if daily closes under 203
