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MATICBULLUSD trade ideas

MATICUSD H16: DISTRIBUTION / 50% correction(SL/TP)(COMPLETE)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! MATICUSD H16: DISTRIBUTION / 50% correction(SL/TP)(COMPLETE/REVIEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT MATICUSD . Just showing signs of weakness and recommend to stay out of this market into the pullback. congrats if you followed my original idea. 50% correction is complete already! 🔸 Summary and potential trade setup ::: MATICUSD H16 chart review ::: not a great looking chart ::: 50% correction is complete already! ::: alerted at 2.40 USD 50%+ correction ::: hit top / resistance of the bullish channel ::: also noteworthy divergence ::: price/ RSI div very clear on D1/H8 TF ::: distribution price fractal ::: re-test of bullish TL (yellow) ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 30-40% pullback possible next ::: 4-8 weeks in Q4 2021 / Q1 2022 ::: right now limited upside ::: positions traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: SHORT SELL RIPS/RALLIED ::: TP BEARS is +40% gains ::: BULLS stay out until correction is over ::: BULL seek to reload near 1.0 USD ::: 1.0 USD strong / horizontal S/R level ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
MShort
by ProjectSyndicate
11
MATIC retraced 78.6%; saved by GANN Fan line.Is ABC ending?MATIC is now at a good place if it wants to reverse. The big fall has broke below upchannel but saved by GANN Fan support. However, it has to get above 1.735 & 1.902 (ema200 & ema 150 zone) for me to be bullish again. Right now bulls & bears are still fighting at tha GANN fan line with no obvious winner coz it still failed to get back Inside the upchannel. Failure will sent MATIC lower to 1.174 the next GANN Fan line, also a very strong Pivot support zone. That will be the max drawdown to finally end wave 4 ABC correction. Not trading recommendation
MLong
by xtremerider8
The Polygon Point money verse mantraThis is the reflection of this massive point of consensus, building up in the marketplace. It's pretty cool and reflects some nice development of the digital organism. Through time, their values should strengthen when patterns form. Patterns are heuristics for Traders. I think when AI is fully introduced that difficulty will disappear. What will remain, as long as humans are involved, is manipulation. I feel like we are watching two giants fighting. The natural flow versus maipulaiton.
COINBASE:MATICUSD
by mindfree
2
MATIC - BROKE SUPPORT AND HORIZONTAL TRIANGLE! So, What's Next?Happy Icy Texas Friday, 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. I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this GALA/USD pair. ============================== MATIC remains its Bullish disposition as price has stay way above $1.4446 MATIC broke out of its Green Ascending Support Bar and has reached key support at the Blue Horizontal Bar. What is now happening? Then next move for MATIC could be a continuation of this bearish move to reach the 50% Fib at $1.7735 If MATIC breaks that key support, the next level below is the 61.8% Fib at $1.50176 After being rejected at the Red Resistance Trend Line and its 21MA, GALA has dipped down towards the support lines, and the support bar. Another probably move for MATIC now is to crawl sideways (consolidate) along the Blue Horizontal Bar to potentially create a Descending Triangle (bearish). What if MATIC bounces from here? The 21MA and the Resistance Trend Line above could continue keeping MATIC down. So, unless MATIC breaks out of the resistance trend line above and stay above its 21MA or even the 50MA, a conservative trader would not enter a long position. MACD: The histogram has a bullish divergence, although there isn't one on the signal lines. Stoch RSI: Stoch RSI on this chart is at the Oversold Region and no 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 Fib levels below: 1.136 = $35,601 1.272 = $31,603 1.382 = $28,369
COINBASE:MATICUSD
by RSibayan
7