MATIC chart shows retrace more likely as next stepBeing a newer coin, MATIC went on its 1st and 2nd runs in 2021, having 2 tops, in an almost identical manner to Bitcoin.
So, it may be more likely that MATIC will simply retrace next, along with Bitcoin, rather than going off into an "Alt Season" with the other coins.
MATICBULLUSD trade ideas
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.
Matic - Rally Ends Here Don't be stupid buying or longing here
Whatever push it gives now
It will go down hard
You will be able to buy 2x more if you wait
$MATIC Breakout Target 0.71$$MATIC Breakout in 1h Chart and reclaim of vwap on above average volume - Target 0.71$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
Polygon (MATIC) - $0.60 - $0.65 to breakPolygon (MATIC) - $0.60 - $0.65 to break
That important price action and volume action area has to be broken as a first bullish signal
Current trial did not work - next to follow, right dear Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
$MATIC @0xPolygon #MATICWill Polygon finally breakfree? Or will it continue to breakdown? Follow me for trading ideas!
Matic Reconsolidation and Next leg UpMatic is looking like it wants to put up another leg. Unless you're in Matic for the long game, I wouldn't count on holding it past the 2.0 Fibonacci in the event BTC drops this weekend and pulls the alts down with it. Best to keep and safe and conservative, take the 10-15% gain and leave while still up. Not financial advice.
Good luck, safe trading
MATICUSD (4H) Bearish reversalHi Traders
MATICUSD (4H Timeframe)
Waiting for the downward break of 0.5670 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.6260 would cancel the bearish scenario.
Trade details
Entry: 0.5670
Stop loss: 0.6260
Take profit 1: 0.5300
Take profit 2: 0.4710
Score: 7
Strategy: Bearish reversal
Matic Breaking Down!$Matic broke $0.56 and now heading down to $0.48 – previous support.
Will break … it’s inevitable!
The 1st important level to watch for longs is $0.38, on condition that it won’t break.
MATIC Fighting the down sloping trendlineMatic has tested the breakout of the down sloping trendline for the past two weeks. If manage to break it followed by a retest has a good chance of going above $0.75
Matic Last TA updateIt’s the second breakout attempt at $0.62 that Matic failed to succeed.
Matic already did a 99% pump this week, so don’t expect much. We may see a fakeout around $0.79 and that's all.
These levels are excellent to look for shorts.
You can find my previous TA below.
MATICUSD ❕ upper boundary of the downward channelMATIC is moving in a downward channel near the upper boundary.
The asset has shown significant growth without a pullback.
TD Sequential indicator has formed a reversal signal down (4H TF)
The price is in the overbought zone of RSI (1H and 4H TFs)
I expect that the price will go down after fixing under the upper boundary of the channel.
Matic USD approaching long term downward trendline.As you can see on the chart, Matic USD is approaching it's long term downward trendline. There could be a rejection at around the 0.70-0.72 level in the next day or two. This could be a possible good short entry.
Polygon for NFT'sPolygon MATIC/USD is used to mint NFT's on markets like OpenSea and swap on decentralized exchanges like Sushiswap. Here's a 4-split chart 4 day, 1 day, 4 hour and 15 minute. Here's levels on the 1 day chart:
SMA233 =1.67
SMA144 = 1.88
breakout = 1.76
R3 = 1.67
R2 = 1.59
R1 = 1.50
pivot = 1.42
S1 = 1.33
S2 = 1.25
S3 = 1.16
breakdown = 1.08
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Project $1K to $1M … Trade #5Trade #3 : Take 25% of account ($2072.54) = $518.13
Short MaTIC/USD at .494 (blue line)
TP: .45777 (green line)
SL: .52
If you find success with this Project, then please like, share, and comment.
Let’s make The Difference in this world together!
This is not financial advice
MATIC AAVE loan purchaseI used profits from a prior MATIC swap to USDC I had stored on AAVE since last year (sold @ $2.83 and $2.53). I locked in profits for a potential trial bear market purchase later. Now is that time. Just bought MATIC @0.31 with a portion (20%) of the AAVE profits.
Plan to sell @ $2.50 MATIC
Plan to deposit MATIC into AAVEE if hit below 0.21
Plan to buy more MATIC @ $0.30 and $0.275
not buying $MATIC....Bear Marketnot buying $MATIC............................................................................
this is crypto #MATICthis is crypto #MATIC...................................................................
MATICUSD Bull Experiment10/10 interesting price structure. Everything aligns so perfectly. Daily candle opened at support. Moving averages look good, but there's still a long battle ahead. High and low targets are on the chart. Let's see what happens.
$MATIC LONG IDEA from 0.62$ to 0.80$wait for trendline break retest of 0.62$ then you can entry with small stop loss arround 0.59$ or 0.58$ and ride this to 0.80$'s this can play if $BTC does not dump further from the current price , also always before entering the trade check RSI to be oversold in down side to have better chances in the trade.
MATICUSD ❕ manipulation? again?MATIC reached the lower boundary of the descending channel.
The fall in price happened on declining volumes.
When trying to break the support level, the price went back on higher volumes.
I expect that the price will test the support level again, and after fixing above it, it will grow.
