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MATICBULLUSD trade ideas

MATIC - UP AGAINST ITS 50MA! What's Happening Next?Happy Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== MATIC is currently pulling back after it has touched its 50MA (Green MA). What's happening next? If MATIC retraces from here then I would expect price to meet up with the 12MA (Pale Blue MA), first at the 32.8% Fib @ $1.9252. Further dipping could bring MATIC down to $1.79 (Blue Horizontal Support Bar - area of multiple support and resistance activity since the 5th of Sept. 2021). The smart move would have to be to wait for retracement if one is looking for an entry level. If MATIC continue to push past its 50MA then the Red Diagonal Resistance Bar above it will pose as resistance and possibly reach the 61.8% Fib @ $2.30 before retracing back down. Another probably move for MATIC now is to crawl sideways (consolidate) as the 12MA approaches it at the $2 level. MACD: Bullish Cross, approaching Zero Level. Stoch RSI (1Wk TF): Oversold Region with Bullish Crossover. Price action is KING! Always remember to place your Stop Loss. Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:MATICUSD
by RSibayan
4
MATIC/USDHere is a closer look at this MATIC 1d Binance chart. MATIC is in a massive Ascending Triangle Pattern on the 1 day chart. An Ascending Triangle Pattern is potentially a Bullish Continuation Pattern. The APEX of this Triangle Pattern is around July 2022. For your viewing pleasure, I have added various support and resistance lines within this Ascending Triangle. At the moment, MATIC is ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Upper and Lower Bands are converging inwards indicating volatility has slowed at the moment. Note that MATIC is still above its Least Squares Moving Average (LSMA) for this 1 day timeframe. MATIC is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x daily candle that i have selected. Note that MATIC is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note that Volume is still low on this Binance chart and note that the last 8x Volume Bars have been BELOW its Volume 20 Period MA. Looking at the Average Direction Index (ADX DI) we can see that the Trend Strength is still strong but has lost some strength with the ADX (Orange Line) dropping slightly to 27.562 below its 9 Period EMA (Black Line) which is at 27.585. Note that Negative Momentum has dropped sharply with the -DI (Red Line) dropping to 26.771. Positive Mmentum has also dropped slightly but not as sharply with the +DI (Green Line) at 18.693. For sustainable upwards momentum to continue, we need the +DI (Green Line) to CROSS back ABOVE the -DI (Red Line) on this 1 day timeframe. Looking at the Moving Average Convergence Divergence (MACD) we can see that momentum is upwards at the moment and the MACD Line (Blue Line) is still ABOVE its Signal Line (Orange Line) on this 1 day timeframe. Note that the MACD Line (Blue Line) has not been above the 0.0 Base Line in the Positive Zone since 7th Jan 2022 on this 1 day timeframe. Be on the lookout for when the MACD Line crosses back above the 0.0 Base Line into the Positive Zone. Taking a quick look at the Relative Strength Index (RSI) we can see that momentum at the moment is slightly downwards. Not that the RSI (Purple Line) is still ABOVE its 9 Period EMA (Orange Line) which is a sign of upwards momentum strength at the moment. Be on the lookout just incase the RSI (Purple Line) drops more and crosses back below its 9 Period EMA (Orange Line). MATIC needs to stay above the Bollinger Bands Middle Band Basis 20 Period SMA and the LSMA indicator for any longterm upwards momentum to be sustainable. If BTC takes another nose dive and causes MATIC to drop downwards out of the Ascending Triangle Pattern then MATIC may drop to its VPVR POC around $0.83 so we need to keep an eye on what BTC is doing as BTC still controls the market direction. If the Ascending Triangle Pattern stays valid, then MATIC may be in for a big move up to possibly well above $10 if it successfully breaks back above the Ascending Triangle Resistance line. I hope this is helpful with your trading and hodl-ing.
M
by entertheroach
1
MATIC Trend of Higher LowsMost tokens have found support near last summers sell of lows; however, MATIC remains higher. Is that bullish? Yes it is. Notice the WHITE Higher Low trend. As long as MATIC stays above that trendline, these pullbacks can be considered healthy corrections. The MA 50/100 haven't crossed yet, that is also bullish. For any breakout MATIC needs to overcome those 2 trendlines. Notice the Squeeze indicator on the daily still has a few more days until it starts to turn green. I see MATIC still hanging out until the end of the triangle is reached around Feb 14th/15th. Good Luck
COINBASE:MATICUSDLong
by peterbhc
3
Bear FlagMATIC broke the uptrend and now building a bear flag beneath. The measured move is somewhere near $1, which seems reasonable as it would be 70% off the ATHs, similar to other big washouts for altcoins. In order for this to play out, AMZN would have to miss EPS after the close today and crypto has to follow tech down as it has the past couple months. Unlikely that crypto decouples here from the stock market but anything's possible. With large cap tech being punished like shitcoins (FB, PYPL, NFLX, etc.), the market is clearly unhealthy and these outsized moves can happen. Cash is king.
COINBASE:MATICUSD
by ZenTradesRW
3
MATIC WEEKLY chart possible trade rangeLooking at the Weekly chart of MATIC, the gap up play on a pull back with strong support bounce in the yellow zone. Looking for possible relief rally or bull traps to come until April/May where the focus will be on a historic chart from last year for size of move and volume relations. Hopium seems to be as addicting as the FUD and FOMO with many that bought at or near the tops and new to crypto cycles. GTLA For the record, I own MATIC, and believe it is a strong project. I am currently DCA into this position, (again), I do not plan on selling for 5 to 10 yrs. My son is also a HODLer. For price targets, analysis, or perspective on ANY Crypto or stock asset, please comment or ask for the type of analysis and thorough questions... Thanks, Paul Shindig Shinn Trading and Tattooing.... Disabled and Retired....
COINBASE:MATICUSDLong
by shindig805
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis : Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction Macro-level In a complex A-B-C correction W(A) in orange W(B) is Blue Wave(C) is a 5 wave in purple Micro-level ------------- 1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C) 2) sw(2) in W(C) went back to $2.46 3) sw(3) in W(C) went to 1.3 4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5) We need to see if this is going to be an irregular running flat or a normal irregular correction Appreciate feedback
COINBASE:MATICUSDLong
by JAN360
MATICUSD LONGER TERMFor More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them, Here we have our MATIC USD Chart for Crypto Traders.. We are looking long on the current uptrend. We have seen strong Price rejection around the current area and we are looking for the move to continue up with our Long BIAS.. This is For those who Are Holding MATIC. Trade carefully and Small To avoid any Fast Market Moving losses. HVA's can move Real quick and you want to Be Trading on the right side AND safely.. Look for exit around the eclipse symbol area.
FTX:MATICUSD
by WillSebastian
12