MATICBTC trade ideas
MATIC/BTC HUUUGE move is coming!Matic has been accumulating for the past couple weeks and it looks like it is ready to jump any time right now, so make sure you buy some. It has bounced from its support level and is currently in consolidation with some decent volume. If we open an hourly chart every green candle has a high volume compared to the red ones, which is an indicator of position accumulation. Last several candles on 4H are doji which is usually a 50/50 candle, but in current situation, considering the volumes, I would consider them as the bullish ones. Of course, if it falls below the support of the current formation, this scenario will be considered wrong, so don't forget about SLs.
MATIC / BTC — Triangle Hello, welcome on MATIC / BTC analysis:
Simple idea about MATIC is just a triangle, which can go up or down.
Target on the chart.
Use Risk-wisely.
I don’t recommend to hold matic.
Very risky asset.
Just because it has been through all hype cycles, now it looks forgotten.
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MATIC Just Bounced Off This Support Zone [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We see that the price just hit a support zone around 165 sats. The support zone rejected all the bears, and the bulls immediately took over. This gives us a nice and clean 6% opportunity for a scalp trade towards the nearest zone of resistance. I added suggestions for where to place limit orders on the chart.
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Interested in buying Matic at the 78 percent to 85 percent off RED SALE LOL. Short..... Laddering longs in green box
MATIC/BTC 8H (Binance) Inside pennant & near breakoutMatic Network is looking ready to move again, I'm expecting this pennant to be quite bullish.
Volume is decreasing and whales are accumulating below EMA20, a breakout is near:
Buy Entry= 0.00000172 - 0.00000166
Take Profit= 0.00000193 | 0.00000218 | 0.00000257
Stop Loss= 0.00000145
Risk/Reward= 1:1 | 1:2.04 | 1:3.67
Expected Profit= 14.20% | 28.99% | 52.07%
Possible Loss= -14.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
MATICBTCwhile BTC dominance slowly dropping I don't see why $MATIC tries testing 220 sat since it still keeping it's initial trend line as support.
MATIC ANALYSIS: SHORT THE RESISTANCEMATIC ANALYSIS:
MATIC has broken BELOW the 200MA and been showing signs of bearishness. On the recent wave up, RSI has topped out on the hourly and a strong hourly resistance block has formed from 190-200 sats. This is a short play. The entry for a short is from 180-190. It seems MATIC is making lower highs, so a front run here is recommended. The main targets are T1 at 166 sats, T2 at 156 sats, and T3 at 133 sats. The zone near ~130 sats is a major line of support, flip to long in this zone!
Possible Entries: 180-190
Is Matic Starting New Trend?Market shows some greens lately
Is is a short term uptrend impulse?
We'll see, Tragets are as on the chart
My stop is at 155 Sats
MATICShowing a continuation of the down trend after a symmetrical triangle
Volume is reducing
Likely to be a day for the entry and then a further 3 days for the TP to hit.
Monitor the candle sticks and trend to confirm that the resistance line will hold and break
Matic trend reversal to bull market. Massive parabolic move!Matic trend reversal to bull market. Massive parabolic move!
MATIC/BTC 1H (Binance) On wedge support, pump to resistanceMatic Network touched support twice, I already entered 4 hours ago in Prediction Coins but I'm sharing it now anyway in case it gives back entry.
If the falling wedge is broken I would give another bigger set-up.
Buy Entry= 0.00000156 - 0.00000150
Take Profit= 0.00000166 | 0.00000174 | 0.00000186
Stop Loss= 0.00000140
Risk/Reward= 1:1 | 1:1.62 | 1:2.54
Expected Profit= 8.50% | 13.73% | 21.57%
Possible Loss= -8.50%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
MATIC/BTC TA Update (Another 30% drop?)MATIC/BTC
MATIC closed below 200D MA this signals a bearish action is likely to happen in the coming days or weeks.
Important key support is also broken, now the downside target is between 150-120 sats regions before we might see a strong rally up.
By the time MATIC reaches the next key support, the RSI is mostly in the oversold conditions.
This is a good chance for the whales to accumulate again before a large pump.
MATIC Bearish Retest|Broke Trend Line|Increase in sell volume Evening Traders!,
Today’s Technical Analysis will focus on MATIC which has broken its longer term trend line with a confirmed bearish retest.
Points to consider,
- Sellers in control
- S/R flip confirmed
- Structural support at local lows
- RSI trading at resistance
- Stochastics neutral
- Increase in sell volume
MATIC has breached its key trend line as sellers step in upon a confirmed bearish retest. This has also confirmed the S/R Flip, MATIC is projected to reach structural support.
The RSI is at lower levels, testing its resistance; a break will send it back to neutral territory. Stochastics on the other hand is already neutral with momentum stored in both directions.
There has been a noticeable increase in sell volume, confirming a true break of the longer term trend line.
Overall, in my opinion, MATIC is likely to test lower levels as the bearish retest is back with volume. Momentum is clearly with the bears at current given time.
What are your thoughts?
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And Remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
