there is a possibility of breaking higher resistances...As long as the bottom of the channel is maintained, there is a possibility of breaking higher resistances. In the 1-hour time frame, the price trend is also upward, and the support of the $0.82-$0.83 range has prevented the growth of the price of this currency. Holding this range can bring the price to the ceiling of the short-term ascending channel, which will be the first short-term objective. But if this support is broken, the price will fall again to the bottom of the channel in the range of $0.70.
MATICBULLUSD trade ideas
Matic on the movewhat a coinciden local and intermediate 4.236 got a perfect conflunece @ 1.32
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Polygon: Hammer time! ☝️According to the principle “U Can’t Touch This”, Polygon is pulling the M. C. Hammer move above the blue zone between $0.68 and $0.40, meaning that the altcoin just won’t touch it. Nevertheless, we still expect the cryptocurrency to dive into the blue Zone to finish wave (ii) in blue before rising above the resistance at $0.94, thus affirming further ascent. However, there is also a 42% chance that Polygon could indeed not touch the blue zone at all and instead climb above $0.94 directly.
MATIC MA200 RejectionMATIC with a harsh rejection from the MA200. There is still a bullish case - holding the MA50 and EMA 34, but I think this will more likely than not lead to more downside.
MATIC Distribution TopWatch for MATIC to reverse here, with a target between $0.81-$0.80
Once the 1H MA50 flips from support to resistance that should begin the descent.
Good Luck.
$MATIC | Double Top? McDonalds M Coming?Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in!
I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend.
Here are some reasonings & findings:
* MATIC has touched the 0.8721 area twice now but has pushed through this resistance
* Upper Bollinger Band has been broken previously
* Nearing extreme overbought statuses on the RSI
* After the initial push down from the 0.8721 area, 0.8456 acted as support for the potential “head” of the pattern
* MATIC is still above the 200 EMA
The last note should be taken into consideration when placing a SHORT trade for MATIC. It is still above the 200 EMA currently so a safe TAKE PROFT could be back to the “neck line” area of 0.8456 in case there is a bounce and your STOP LOSS above the resistance area of 0.8721.
🟪 MATICPERP - Short Scalp Looking Good⭐️⭐️⭐️⭐️⭐️
#MATIC/USDT
SHORT
LEVERAGE: 10-20X (Optional)
CYCLE: B
ENTRY:
0.8623
TP1: 3.14%
0.8352
TP2: 4.55%
0.8231
SL: 1.77%
0.8776
Entry Conditions:
- Market/BTC looking like a short term bearish turn
- Alpha Wave Bought Reversal Signal
- Breaking back below support
- Bearish Divergence off Resistance
MATIC bull flagWith 0.9846 and 0.3162 as the high and low points, the lightning symbol in the chart indicates the reversal pattern of three candlesticks at 0.7293 (0.618).
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MATIC has now broken through the downtrend line and appeared in a bull flag pattern, with a short-term target price of 0.9439; the major resistance range is at 0.9846~1.0550.
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The target price above:
1.16~1.24
1.400
1.6530
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MaticCreated this wedge from the top to account for base support. must remain along this wedge to rise up to the upper levels. IF we fail the levels at anypoint of the wedge look for the lower range for your supports. Theres still some possible drops ahead but Im watching it close.
Got my eyes on MATICMATIC is starting to boop the descending trend line, so I got eyes on it. Price and momentum are increasing. VWAP also coming up. Money flow pointing down on the 1d, but pointing up on the 2d and 3d.
I'll be watching for a confirmed break and hold on the descending trendline.
Scenario 1- Long
Enter = 0.8350 - 0.8450
SL = 0.7730
Target 1 (POC) = 0.8930
Target 2 (Resistance) = 0.9718
Target 3 (VAH) = 1.0330
If it doesn't break and hold the descending trendline, then it will likely try to retest the VAL (also the 0.50 Fib). If it breaks the ascending trendline and the support/0382 fib area, I'll be looking for shorts
Scenario 2 - Short
Enter = 0.7650
SL = 0.7930
Target (VAL & 0.50 fib) = 0.6815
MATIC breaking 7 month downtrend since March 31st. Targeting $1
MATIC has been one resiliant altcoin for the past year and a half, but has fallen along with the rest of the titans to its knees. However, it's starting to wake up and find its legs again. Once it convincingly breaks and closes above this trend line I expect to see $1-1.50 as our next target.
MATIC is READYBeautfully retraced right on 1.272 on 3 waves since the last analysis in august (). Count slightly adjusted.
Ready to get that 4.236/8.236
Hold my beer pls
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No financial advice, do your own research, don't be stupid
MATIC Distribution TopA lot of lines on MATIC but this is my working chart and want to provide it to you.
Wasn't thinking it would run all the way up here, but that trend was a target.
ALL DOWN HERE FROM HERE!
Good Luck
MATIC ANALYSIS (WILL MATIC HIT 1.504??)Based off the weekly time-frame, could MATIC potentially hit the golden ratio?? A bullish flag is present and may indicate nearly 70% gains in the long-run; or a descending wedge could hit at least 20% gains with the target price of 1.052. However, MATIC must break the descending wedge pattern, entry only if MATIC hits 0.895 and retest. Will MATIC create a fake out or break out?
MATIC, Top of channels, drop it!MATIC is pushed to a higher high and hit resistance at 2 channels. Great time to Short it, this looks like a wave ii and ready to create new lows below $0.65
Overbought in smaller timeframes.
Great opportunity here.
Good Luck
$MATIC | Extreme over bought levels upcomingI recently took a long with MATICUSD and was a successful trade. It has also cleared previous resistance currently and looking toward the next short term (drawn from the Daily) resistance level, highlighted with the blue line. MATICUSD is also clear of the 200 EMA but if you look at past movements, the 200 EMA has not been respected by any means. We are also approaching extreme over bought levels at 70+ with the upper band of the Bollinger Band being broken. My eyes are on this and looking for a confirmation candle to SHORT from the most resistance line.
Possible MATIC Bear Flag continuation Thoughts on this one? There is heavy resistance at approx the $0.8 area
$0.32 MATIC testing yearly June lows?Will MATIC retest $0.32 which was the 2022 June lows, BTC looking to correct so...
MATIC TRYING TO CONFIRM LOW FOR BREAKOUTMATIC is now testing the inflection point after breaking out of the supply line and is hanging above the pending confirmation low. We have gotten follow through price action from the bullish divergence and we are waiting to see where it will take us, as it’s still not over and the momentum could continue to strengthen. A backtest of the .75-.76 area to print the confirmation low is idea. Tight higher local lows raises breakout probability for more follow through, as we see buyers eating up the supply and raising demands…. We see price moves around midnight coming into the early morning hours Eastern time, so I expect to see something to play out.
An entry here would be a tad more risky, but if you keep your stop loss manageable, this could be a nice trade. MATIC tends to move quick above .80. We are at the top of the range of a range bound asset.
*BTC/ETH DEPENDENT*
MATIC daily chart updateThe yellow rectangle marks the cup and handle pattern on the daily chart, but after breaking through 1.0166, the price did not continue to rise, but fell below 0.8488, invalidating the pattern. And MATIC presents lower high and lower low.
The current price is around 0.7293, where a pin bar has previously appeared and made the price rise (arrow), and the highest is 1.0550. Represents an effective support range near 0.7293.
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Pay attention to the support below:
0.6504
0.5715
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Before MATIC breaks through the downtrend line, the period smaller than the daily chart should avoid contrarian trading, and it is more appropriate to enter the market with an empty order.
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#MATIC short ideaHello dear Traders,
Here is my idea for #MATIC
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Buy Matic !Hi Polygon traders,
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