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MATICBULLUSD trade ideas

MATICUSD Inverse Head & Shoulders can aim at 1.400!The Matic Network (MATICUSD) made a strong green 1D candle yesterday, rebounding exactly on the 1D MA50 (blue trend-line). Being a Resistance since early April, Matic has turned the 1D MA50 into a Support and is holding it. There is the Lower Highs trend-line involved since the December 27 High but the pattern that has been developed since the bottom, is a strong indication that this time the trend-line will break. The pattern is as you see an Inverse Head and Shoulders (IH&S), which is technically a bullish reversal pattern and can target as high as the 2.0 Fibonacci extension, which is exactly at 1.400. That is even higher than the 1D MA200 (orange trend-line) that rejected the price last time in late March/ early April. In addition, the 1W RSI broke above its MA line for the first time in 2022, indicating that this bullish move can be sustainable this time. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
MLong
by TradingShot
2
A bearlish scenario for MATICCryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Bitcoin crypto - Over the past three months, bitcoin has fallen from a high of $47,000 to about $22,000 today. GETTY Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Over the past three months, with inflation spiking and recession concerns spreading, bitcoin has dropped from a high of $48,000 to roughly $21,000. Today, some top investors think we’re in for another painful, extended period of low prices. “The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. His fundamental views on the industry’s promise haven’t changed. “New software developers are coming in, and we're seeing more and more high-quality founders. We see Web2 executives from Facebook and Google coming in at a faster clip,” he says. But one big factor has backers particularly nervous: “It's the first time that crypto and Web3 has existed in a macroeconomic bear-market environment, where there's potentially a recession happening next year,” Garg says. (Bitcoin was created in early 2009, shortly before the Financial Crisis ended.)
COINBASE:MATICUSDLong
by UnknownUnicorn38289576
4
How To Trade Probability Ranges The Critical Rule of 1/3Using the Rule of Thirds to Master Probabilities in trading and investing ranges -------------------------------------------------------------------------------- Stocks typically remaining in consolidation ranges 70% of the time while trending the remainder. Using the rule of thirds, we can use statistics, prior price action and the probabilities of success to determine when to enter trades where the odds are stacked in our favor. 1) We start by finding a stock that is in a consolidation range, and identify the nearest important support and important resistance levels based on your targeted trading timeframe. 2 ) We take the range between the support and resistance levels and divide it into thirds, so we have three zones within the consolidation range. 3) When going long, you want to BUY the stock when it is within the bottom third or the zone from support to the 1st third level. Once you buy, your objectives are to hold during the middle third of the range, and sell during the top third. When you buy in the first third, this gives you a 66 percent chance of success. If you buy in the second third of the range, you only have a 50/50 chance of success. Going long in the top third of the range, gives you only a 33% chance of success because you are already close to the resistance level. When going short, the sequence and odds are reversed. You sell during the top third of the range, hold during the middle third and exit in the bottom third. This again gives you a 66% chance of success when you enter in the top third, 50/50 chance if you enter in the middle third, and a 33% chance of success if you enter in the bottom third as you are already close to the support zone. ****Using this simple trick, you can quickly evaluate trades based on probabilities and selectively enter trades where the odds of success are the highest and avoid likely losing trades. The rule of thirds also also gives you the confidence to continue to hold trades based on previous important ranges, and provides clear levels where the stock is likely to either reverse or start trending. Hope It Helps to your Trading & Investing Success Marc
FTX:MATICUSDEducation
by PowerIndicators
9
MATIC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. 89% drop already from ATH 97% drop is still possible (extra 8%) This 8% from ATH is consider an 80% drop from current price. RR: 11 Possible upside: 930% Possible downside: 83% This is the highest possible downside from all the other charts I see. I would stay away from margin trading this one. Risk is too big. The thicker the green line, the heavier the support/resistance is.
M
by AyoKu
4
MATIC - The King of the Shitcoins yet to get fully REKTShort term: Recent rejection off of overall downward trend-line. This coin, like many others, are correlated with BTC's price action. ETH (and it's subsidiaries) are experiencing greater downward price movements this particular bear cycle and are particularly more sensitive to BTC's depreciation. Long term and Fundamental: Altcoins going through their first bear market cycle generally experience ruthless decimation against bitcoin. For MATIC (a coin which launched in 2019), has, some reason, been supported by desperate bag holders who think it's currently at a discount. With a move to $13k possible for bitcoin, it makes sense that this altcoin will finally get a capitulation move down to $0.16 - $0.13 Other: we're about to enter a banking crisis. the everything bubble is bursting. we're entering a period of risk-off investing that may last years.
FTX:MATICUSDShort
by w.savage11