long polygon Considering that we seem to be nearing the end of the trend, we can expect a big bullish wave
MATICBULLUSD trade ideas
Matic's Make or BreakNoticed that matic is back at its 2021 and 2023 lows.
Either we hold this support now, or we break below it.
Im watching carfully.
Matic Bottom has been found?Looking at this **MATIC order book** and heatmap, the behavior you're observing appears to further support your theory that a **big buyer is stepping in**. Here's what the data suggests:
### Key Observations from the Chart:
1. **Large Buy Orders and Clustering**:
- The **order book** shows **heavy buy walls** forming around the **$0.343 to $0.347 range**. These significant clusters of buy orders suggest that larger market participants (likely institutions or big players) are trying to **accumulate** at these levels. This buy wall creates a strong floor for the price, preventing it from dropping lower and absorbing any selling pressure.
- Additionally, the **green bubbles** on the heatmap correspond to significant buying activity. These large buy orders could be efforts by **big players to accumulate** before a potential upward move.
2. **Cumulative Volume Delta (CVD)**:
- The **CVD indicator** shows a value of **176,447**, which is positive and increasing. This metric reflects the **net buying pressure**—when CVD is rising, it suggests that buyers are overwhelming sellers. In your case, this increasing CVD further supports the idea that buyers are stepping in aggressively and accumulating MATIC, potentially leading to a price push higher.
3. **Price Reaction to Support**:
- The price action appears to be holding firmly above **$0.34**, where buy walls are present. Each time the price dips near these levels, it quickly recovers, indicating that buyers are actively defending this zone.
- This aligns with the idea of **accumulation**, where large buyers aim to fill their orders at lower prices while keeping the market from falling too much. This also supports your suspicion that big money might be preparing for a larger upward move.
### What This Could Mean:
- **Accumulation Before a Breakout**:
- This pattern of **strong buying interest** at lower levels and the price's inability to drop much further suggests that we could be in the final stages of an **accumulation phase**. Once the large buyers have filled their orders, the price could rise as buying demand overtakes supply.
- The rising **CVD** and **buy walls** signal that upward pressure is building. If sellers run out of momentum and can't push the price lower, we might see a breakout above key resistance levels soon.
### Strategy and Watch Points:
- **Watch for Breakouts Above Resistance**: The next logical step would be to watch for a break above **$0.36-$0.365**, where resistance might currently lie. A break above this level could confirm the **completion of accumulation** and the start of a new bullish leg.
- **Monitor CVD and Volume**: Continued positive CVD and increasing volume will signal that the buyers are still in control. If the CVD remains positive while the price breaks through resistance, it would strengthen the case for a rally.
### Conclusion:
The data you’ve provided strongly supports the idea that **big buyers are stepping in**, likely accumulating MATIC before a push higher. The significant **buy walls**, **rising CVD**, and price stability around key support levels suggest that once accumulation is complete, the price could be ready to move higher.
Would you like to go deeper into specific price targets or further technical levels to watch for confirmation of this potential move?
Compiled with my Custom Elliot Wave GPT Research ai
POL (formerly known as MATIC) Wave 5 Incoming?With Bitcoin showing off a very promising chart, I've started to look at some of the less successful bull market cryptos. From what I can tell, the fundamentals for Polygon are excellent, considering its potential entry into being a proper validium layer 2 to Ethereum.
Any way... Perhaps this correction is a long XYZ, coming to an end.
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading
MATICUSD - Finding a BottomThe curved white line is being test however right now price is also testing a triple bottom which could create a support.
One more retest of the curved white line before up I think
I'm bullish on MATICUSD, Especially on timeframes like the weekly
4Hr Chart this is
MATIC/POL Last Expected DipI expect MATIC or POL to drop around ~$0.23 before confirming a bottom that targets a new all time high.
Passing $0.58 without dropping first cancels the idea.
Polygon
The most recent candle is bearish (red) with a significant wick to the downside, indicating that sellers were dominant but may be losing momentum.
Support: The price level around $0.41 has acted as a short-term support as it aligns with the lower Bollinger Band.
Resistance: The price has struggled to break above the $0.425 level, which also aligns with the middle of the Bollinger Bands.
If the price closes below the current support at $0.41 and continues below the lower Bollinger Band, it could trigger further downward momentum.
MATICUSD View!!On-chain data shows the whales of these altcoins have been shifting their supply from exchanges to cold wallets recently, a sign that may be bullish for their prices.
Whales Of These Altcoins Have Been Moving Into Self-Custody Recently
In a new post on X, the on-chain analytics firm Santiment has discussed the trend in the Top Exchange/Non-Exchange Wallet Holdings for three altcoins: Polygon (MATIC), Injective (INJ), and Render (RENDER).
The “Top Exchange/Non-Exchange Wallet Holdings” here refers to an indicator that keeps track of the ratio between the balance of the ten largest wallets associated with centralized exchanges and that of the ten largest self-custodial addresses.
Matic analysisHello everyone! Today I look a little into matic since I am investing into a matic/day liquidity pool.
My thoughts so far are that matic is generally bearish but looking over at the macd and the support areas, depending on the crypto markets' momentum, we might be looking at a small bullish day or week sooner or later.
Personal recommendation ? Don't trade and wait for the moment, the likelyhood that the price will go lower is high yet there is a small chance that the price will also go a bit higher, especially if it manages to push through the resistance area. So in case of uncertainty, you and your money are better of sitting than risking them on low probability trades.
Thank you for looking up my idea and reading, I wish you an awesome day! :D
MATICUSD: Two levels that will kickstart the Cycle's rally.MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's rally to a new peak. Our target is slightly under the 2.0 Fibonacci extension and the HH trendline (TP = 4.5000).
See how our prior idea has worked out:
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MATIC to POL upgrade was done on the Ethereum mainnet.
(POLUSD 1D chart)
There are many coins and tokens in the MATIC ecosystem.
Therefore, I think MATIC has a high potential for development.
When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed.
That way, it will not be delisted.
To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking.
-
(MATICUSD 1M chart)
The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839.
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(1W chart)
The key is whether it can rise above 0.4965 and receive support.
If not, we need to check whether it can receive support near 0.2950.
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(1D chart)
The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart.
Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important.
If it is not supported, it is likely to lead to further decline.
Therefore, the time when we can trade is when it shows support near the HA-Low indicator point.
-
The fact that the HA-Low indicator was created means that a low point zone has been formed.
Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend.
The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend.
-
Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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MATIC POLYGON * WEEKLY TF EWP TC FIB ANALYSISThe chart provided is an Elliott Wave analysis applied to the price action of the cryptocurrency MATIC, on the Polygon network, in a weekly time frame:
1. Elliott Wave Structure
• The chart shows a corrective pattern (denoted as A-B-C or W-X-Y), which is a retracement in an overall bullish market.
• The price action is nearing the end of a corrective wave (Y), with a potential reversal point forming in the orange box.
2. Channels and Trendlines
• The price movement is contained within a corrective channel.
• The long-term trend is shown by the upward green channel, indicating that after the correction, a return to a bullish movement is expected.
3. Fibonacci Levels
• Multiple Fibonacci retracement levels are drawn on the chart to guide potential support and resistance zones.
• The 0.5, and 0.618 Fibonacci levels are significant for both resistance and support, with prices currently near the 0.618 level.
• The price is also interacting with a pivot zone (shown by the orange labels), and could potentially reach the P level at $0.446 before bouncing.
4. RSI (Relative Strength Index)
• The RSI indicator at the bottom shows the market is nearing oversold territory (below 40), indicating that the selling pressure may be exhausting and a bounce could be imminent.
5. Price Target
• The a curved arrow at the bottom indicating a bullish reversal potential, suggesting that after this final leg down, the price could shoot back up to the previous highs and beyond.
• The upper target for a bullish breakout seems to be around the $2.714 level, based on previous wave (B) highs, with an extension potentially aiming toward the $5 level and beyond.
6. Support Zones
• The orange box (around $0.191 to $0.26) represents a critical support area, where a reversal might happen.
• If the price fails to hold this zone, the next support level is around $0.0454, which appears to be the ultimate bottom level of the correction.
Conclusion:
This chart suggests that the current corrective phase is nearing completion, and there is a strong possibility of a bullish reversal from the $0.191-$0.26 support zone. If this area holds, the price is projected to rally upwards, potentially targeting $2.7 and beyond in the next impulsive move.
POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now?
Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ).
For the upcoming days, we'll be looking for short opportunities until we reach our buy zone.
If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
#MATIC/POLYGON Looks ready for a pump. Get longSo #ploygon is looking primed for a pump. It may or may not be a coincidence that it is about to rename to Polygon from MATIC. Pump the Polygon peeps.
Looking at the chart:
* STO is bottoming at 8. You heard me 8. The only way is up baby!
* RSI was 21 on the previous low and is 31 on this low. Sellers are running out of strength. Buyers are taking back control.
* We have a double bottom and the only reason we dont have a bullish divergence is because the selling was too weak!
Numbers:
* Target 1 is 0.54. That is 33% for a spot position.
* Target 2 is 0.76. Take some money off the table at 0.54 ffs.
* Stop loss. 0.38. If we see this level again then run for the hills. Drop it likes it hot. Get out.
GL Peeps.
#staysafu
MATIC/POL Bullish Idea🟣 CRYPTOCAP:MATIC
• Entry Range: Between $0.317 : $0.183
• Bullish Confirmation: Passing $1.29
• Stop Loss: Below $0.183
MATIC Test of Major Support/ResistanceFairly self-explanatory chart - the red line at current price is a very significant support and resistance level for MATIC. If this breaks it could be major downside. A measured move would be 0.075.
This is a flat-bottomed wedge, which statistically is more often bearish, so "bear" that in mind, pardon the very intentional pun!!
Polygon - [MATICUSD]Price Action and Trend :
Downtrend: The chart shows a clear downtrend from early April to mid-June 2024, with lower highs and lower lows, indicating bearish sentiment.
Recent Bounce: There was a recent bounce in price from mid-August 2024, but it appears to have been short-lived as the price is again moving downwards.
Bollinger Bands :
Volatility: The chart includes Bollinger Bands (red for the upper band and green for the lower band), which show periods of increased and decreased volatility. The bands were expanding during the sharp downtrend in April-June 2024, indicating high volatility.
Recent Price Movement: The price is currently near the lower Bollinger Band after touching the upper band in the recent bounce. This often indicates oversold conditions, but given the downtrend, further declines could be possible.
Volume :
Declining Volume: The volume generally appears to have been declining since April 2024, which may indicate a lack of strong buying interest. However, there was a spike in volume during the recent bounce, suggesting some buying interest, although it may not be enough to reverse the downtrend.
Key Support and Resistance :
Support: The current support level appears to be around $0.35, which is the recent low. If the price breaks below this level, it could signal further downside.
Resistance: Resistance is near the $0.55 level, where the price recently touched before pulling back. A break above this level would be needed to indicate a potential trend reversal.
Overall Sentiment :
The overall trend remains bearish, with the recent bounce possibly being a short-term correction within a broader downtrend. Traders may look for confirmation of a trend reversal or continuation before making decisions.
Next Steps :
Watch for Support at $0.35: A break below this level could signal further declines.
Bollinger Bands: Keep an eye on the Bollinger Bands for any signs of a squeeze, which could precede a breakout in either direction.
next green wave is coming in... (What do you think?)MATIC Network appears to have reached a bottom and is building momentum for an upward wave that could last approximately 150 to 300 days.
What do you think?
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
POLYGON (Crypto) BUY TF H4 TP = 0.4564On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.4564
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
