Due to the negative divergence #MATICDue to the negative divergence, price correction is possible in the range of 2.29 to 2.04by mehrad1985Updated 3
MATICUSD H16: DISTRIBUTION / 50% correction(SL/TP)(UPDATE)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)(UPDATE) 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. 🔸 Summary and potential trade setup ::: MATICUSD H16 chart review ::: not a great looking chart ::: 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.MShortby ProjectSyndicateUpdated 8585127
MATICUSD Analysis 07/01/2022Ciao Traders, questa è la mia analisi a proposito della criptovaluta MATIC. Buona Fortuna!!!Longby Tommimare6
MATIC, TECHNICAL FULL ANALYSIS!!!Matic has retested the dynamic support zone several times and know has become really dangerous (due to the bitcoin and market condition...). Looking for a powerful breakout (up or down). -------------------------- This chart illustrates that rsi has been forming a kind of compression that is going forward to touching the dynamic support floor while we have the dynamic support on the Matic price chart. -------------------------- And this is the full chart view af the Matic's history: -------------------------- In conclusion, market needs to stabilize the condition and reduce the fear dominated throughout the market prices. Stay tuned for more updates and be careful to add stop losses for your trading positions. -Thank you anyway- Mby OmidBK200310107
Matic formed a head and shoulder patternMATIC placed on the support. While it formed a head and shoulder pattern which causes the chart will see lower prices in short term, the chart created higher and higher bottoms in 1D timeframe which means the chart is collecting its power to break its ATH. Then, if the chart breaks its support with a strong candle, I will open a short position for its lower target till the chart shows me some evidence of reverse. Shortby pezhmanrzUpdated 554
Polygon: Quo Vadis, Polygon?Polygon has to make a decision: Where will it go after skidding down to the $2 mark? There are two equally attractive possibilities, well almost: There is a 45% change that it could head back home and fall under its support line at $1.44. At this point, it should hole up even more deeply below $1 and take a holiday at the yellow beach strip between $0.328 and $0.620. However, we rather expect it to take heart and go for another option. Our favored scenario features Polygon in action, rising up until the resistance line at $2.899 and aiming for even higher goals from there. So, our answer to the question “Quo vadis, Polygon?” is “Sursum!”MLongby MarketIntel2
Bolster your MATIC coin count EVERY Monday!Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in popularity and regulated and licensed by the SEC and the U.S. Treasury. I know, surprising huh!? It is now in its 4th year. They do not spend time or money on big-money ads. They would rather pay us in interest every Monday! Word of mouth has been their main source of advertising... like I am doing now. They now have over 1 million members including me and my friends (fellow retired Air Force member) and family (my grown daughter). And so far, I see no safer way to earn 10.51% APY on your Polygon (MATIC). If you live outside the U.S., you could even boost your earnings to over 14% by opting to receive your interest in CEL tokens. But we live in Texas, so my daughter "settles" for a safe 10.51% in polygon that will soon double and triple in value. The interest is more MATIC coins! A win-win. They do have 41 tokens and coins they support including stablecoins (which pay 8.8% or more if you opt to be rewarded in CEL). I personally earn 13.99% on my SNX tokens on Celsius. It pays to check it out...and if you open an account, use my daughter's referral code: 1691390756 or mine: 189218504d Move at least $400 worth of crypto to Celsius.Network and after 30 days, we will both be rewarded $50 worth of BTC! This beats the hell out of any brick & mortar bank!MLongby tg-lUpdated 223
HODling Polygon: I have a planFirst, this is not financial advice. This is simply what I am doing for my adult daughter. I purchased $2500 worth of polygon (MATIC) (on the exchange that recently IPO'd and has a stock ticker symbol COIN) at just over $1.20 per coin and immediately started losing her money. I had wanted to catch the previous price tumble to $1, but I was too late. But, I wasn't concerned... I had a plan. Upon purchase, the big user-friendly-but-wallet-ugly exchange took coins as fees for the purchase. Then, the coin took a tumble with the overall market (typical crypto volatility of late) making me wish I had been even later to the purchase. But, I had a plan. I knew I wanted to move her coins to the Celsius Network, but they are still working on creating better on-ramp (buying) and off-ramp (withdrawing/selling) support, so I was forced to give up more coins to the big user-friendly-but-wallet-ugly exchange to make the transfer of her polygon coins to a better place (Celsius)...my plan all along. Months ago, I had purchased some polygon for myself at .40 per coin. So, I already knew this layer 2 solution for ethereum was a dominant player in this space and volume was continuing to climb. But when I checked the number of D'apps currently using polygon's layer 2 protocol last week, it was over 350 different D'apps! OVER 350! That is growing adoption! I knew polygon's coin price tested $3 earlier this year and with its layer 2 adoption continuing to escalate, there is no reason not to see that $3 number come again and move into the rear-view mirror as adoption grows. I predict $3 before this year ends. $5 to $10 in six to twelve months. My plan for my daughter's $2500 was even more conservative (and profitable) as I knew I could also earn her more polygon coins by simply holding them in a better exchange, the "unbank," Celsius Network. You know, MY PLAN! I created an account for her on Celsius.Network and transferred her polygon from that other, well-known exchange to Celsius...and again, the big user-friendly-but-wallet-ugly exchange took coins as fees for the transfer. But, I had a plan! So, my daughter's polygon is now, finally being HODLed on Celsius. She will earn 10.51% APY on her coins and they will add real polygon (MATIC) tokens/coins to her account every Monday starting next Monday. I will update here with her coin count starting next Monday to encourage others to use these same techniques. I didn't have to do any of the typical staking hassle (no validating or delegating) to position her coins for interest payments every Monday. All I had to do was transfer her coins to the Celsius.Network. They have an app for your phone. If you use her referral code: 1691390756 to create your Celsius.Network account, you will both receive $50 worth of Bitcoin after you transfer at least $400 worth of polygon (or any of the 41 different coins/tokens they support on Celsius) and hold it there for at least 30 days. You will also earn 10.51% APY interest on your polygon coins...in polygon coins. Will this benefit my daughter? Yes, my daughter will also get $50 worth of BTC when you do. So, try it! If you are holding polygon now, why not earn 10.51% stress free every Monday and get the $50 bonus. Use her referral code 1691390756 when you set up your Celsius account. Let me know how you do right here. I will also keep everyone posted on her coin-count every Monday! Good luck! P.S. Polygon is holding above its 20-day MA for now. A good sign.MLongby tg-lUpdated 222
MATIC : MOVEMENT FROM THE PAST(In Log scale) it's easier to analyst the current situation for me. Everything on the chart . Safe trade, always place the stop loss Feel free to feedback+comment . P.S. I believe in technical analysis. but I find myself tend to have judgement in analysis with the market direction. just like some people. We create patterns and analyze it to support our opinion I don't wanna be bullish or bearish i'll have to practice to see it as it is.. then plan the trade with less risk&loss Just hope this one may help stretching your perspective anyways. xx . Shortby baby_rhinoUpdated 2
$MATIC - POSSIBLE JUNE TARGET $1.75matic is in a good spot here showing signs that price discovery is about to kick in good luck to holders & tradersMLongby GJMRealEstateUpdated 2218
MATIC in Cup Formation - preparing to reach .618 extension? Looking at this formation in MATIC I'm anticipating a reach towards the .618 level within the next two weeks before retracing toward the .5 level to form the handle. We shall see...by SocharJJ32
Wedge ConsolidationMATIC forming a wedge pattern right on the 21 day. Think this breaks out to the upside if BTC can recover. A little bit of profit taking and rotation into laggard L1s occurred but seems pretty mild so far. Volume/selling pressure has died down over the last several trading days. MATIC still has one of the best charts in crypto atmLongby ZenTradesRW115
MATIC Time to go back up4H MACD is ready to cross while breaking trendline. Squeeze and RSI looking ready too. This one may go to upper Pitchfork $3.30 - $3.40 range Longby peterbhcUpdated 1114
MATIC compared with ETH 2017 @@ lfgMATIC compared with ETH 2017 :) no explanation necessary. damn things almost identical. now compare it to ada. the question you should be asking yourself is ; can i get more than 5x elsewhere? and with such apparent guarantee.. im not sure now. the way alts been acting lately (ie basically retracing their entire runs on a lot of them) they look weak asf. now let us pray this game of musical chairs aint over here. or covid doesn't whip out a more deadly strain for us all. have wonderful new years degen brother and sisters xMLongby Crypto-Quantum-FoxUpdated 6624
TRADE PLAN FOR MATIC FOR PROFITShello guys, a look into matic and its potentials, from the chart we will notice how price falls within the channel and we expect a bounce at the support zones indicated. Follow the with aprrorpiate buy enterings. Tradehubng.MLongby Tradehubng0
Review of MATIC 6 hour chartI am reviewing MATIC movement for the next couple days and although I did not see the right side of the head and shoulders pattern, The MACD does look bearish and its likely for it to move downwards over the next two days. Please chime in with your thoughts; I will follow up with an analysis of the Daily timeframe. MShortby nebarley1
MATICUSDHello friends, Happy New Year, I hope you are well Head and shoulder pattern in 4-hour time frame, if stabilized below the specified support area, I expect a correction processby hoseinseif22331
$MATIC at risk of H&S on 4H TFMATIC showing a potential H&S on 4H TF. Neckline is around $2.5. Textbook H&S means MATIC can see $2.10, which is close to the bottom trend line. Could retest before seeing higher. Keeping an eye on this one. by mrupani2480
Matic Daily Chart Matic hit the ressistant and might swing down to hit support at 2.25 and go back up or break support and hot $174 which is a strong support as well by CryptoRealKenn0
Polygon MATICUSD Reversal Head and ShouldersMATICUSD chart 4 hourly showing a bullish to bearish head and shoulders pattern. Will look to follow the chart down to support zone at $2 and look to go long there for a target $5+. Watch this spaceShortby CKTradeIdeas332
MATIC SHORT TO $2.19 (or) $1.97A quick analysis on MATIC using both wave theory, Fibonacci analysis : Wave theory Analysis: 1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the 2nd wave correction is a simple zig-zag correction touching the support at $1.01 on 25 Sep 2021 4) New impulse Wave 3 then started from $1.01 on 25 Sep 2021 and ended at $2.91 on Dec 26, 2021 5) Wave 3 are usually the longest in the 5 wave series and this seems to be a perfect extended W1 Fibonacci analysis : 1) Wave 2 retraced perfectly at 61.8% of Wave 1 to at $1.01 on 25 Sep 2021 2) Wave 3 extended perfectly at 161% of Wave 1 to $2.91 on Dec 26, 2021 3) Now its time for Wave 4 which I think might take support at 23%, 38% or 50% retracement 4) Right now the Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 5) Once the FIB 23, 38 & 50 are tested then it will be on its wave 5 Pattern Analysis: 1) In the short term it fits into a nice classic head and shoulders pattern 2) The second shoulder is being just completed Summary : ------------- 1) Looks like the bears are still in control on Wave 4 2) The support line Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 should be tested Happy New year and happy trading guys !!!!!Shortby JAN360558
Matic DistributionI've got a fun one. I've been looking for some alt coins that have not had their major sell off yet and this one looks perfect. After its high in May there was a big increase in supply the day after in which thereafter it attempted a rally (Automatic rally) on increased effort yet a new high could not be made which we call the secondary test. then after that it came back down to make a lower low in July being the sign of weakness which starts the distribution process in which usually you want to see a higher high then the Buying Climax. which was finally achieved just a few days ago. Now even though the higher high(Upthrust) was made it could still run a bit higher although we don't know for certain whether it wants to continue on higher ill say its either already there or its getting close. I think it may depend on bitcoin, which is at a make or break point, a fall below the September low would really make the case for it. I am looking for an entry on a short on Matic and ill be looking for weakness on bitcoin to make that entry if bitcoin rallies further then ill wait but if i start to see it showing weakness i may make an entry with stops set fairly close and move my stops down as it progresses so that in case it does rally i wont get stopped at a loss.Shortby Kpuff1
Polygon ($MATIC) FIBPolygon ($MATIC) FIB: $MATIC at a key support level as this is the 3rd time in as many days that $MATIC visits this zone. MACD crossed over and RSI is heading towards the midline. I would like to see $MATIC respect the Base line before heading back UPby Pharmlord0