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MATICBULLUSD trade ideas

Matic Price Recovery ( MATICUSD Analysis )Polygon’s native token, MATIC reached a new all-time high (ATH) of $2.9 on December 26 as the festive season bullishness pushed the larger market. That said, MATIC’s recent price discovery was not on the back of larger market movements, but the increased action and interest in the network. Driven by sustained network growth and high active addresses, MATIC’s price recently broke ATH and has been in a larger uptrend since December 15. Its high address activity has continued to show increased interest surrounding the Polygon Network with over 8,000 daily active addresses making MATIC one of the top-5 most active coins and most used coins. Further exchange balances for MATIC had dropped down to ATH levels as more coins left exchanges amid a positive sentiment. That being said a general rise in the number of larger transactions and large transaction volumes highlighted how the asset was seeing an increasing institutional interest as bigger players took over. In terms of fundamentals, MATIC looked good and presented a healthy rally but what does its rise tell about the market. Well, the recent MATIC rally saw the altcoin independently rally as its BTC correlation saw a new all-time low. MATIC’s gains are indicative of the rise in L-1 protocols as analysts have noted a spike in capital inflow in networks like Polygon, Solana, and Terra over the last month. Price-wise too, MATIC was in price discovery mode, much like Terra and Solana during their previous rallies. As retail and institutional interest in L-1s spiked over the last year, their total value locked also saw dramatic growth. So it seems like L-1s are looking ready to take on 2022, provided the network growth and on-chain activity sustains.
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by thomasfullerofficial
$3 Matic by Christmas?This is my first idea. Just a guess. NOT financial advice. Matic held up well and even gained some ground while other coins lost value in the wake of the Omicron/Evergrande/Federal Reserve announcement pullbacks. NFT investors and developers are fed up with high ETH's high transaction fees and are slowly migrating platforms to Matic. The recent ZkRollups announcement will only improve Matic's position and capabilities. If we can break out of the current downtrend, hold above $2.12-2.15, and get some more volume in the market, a Santa rally might play out something like this. I've been HODL-ing Matic since January 2020 and have high expectations for this token in the coming year! Remember to take profits on the way up.
FTX:MATICUSDLong
by Cryptograhm1
MATIC - breakout targetsMATIC is about to breakout and challenge resistance levels... here are the ones I see: 2.72 - Previous ATH/ price discovery 2.85 - Uptrend 3.61 - Uptrend 4.35 - 1.618 Fib from genesis to 1.0 @ previous ATH MATIC is a beautiful beast benefitting both from L2 on ETH and in its own right as a competing layer 1 (SOL, AVAX, etc.) 2022 should be a stellar year for MATIC, Many are calling for $10 and that looks completely in the cards as a BoT. I'd look to sell chunks at $4.35, $7.00, and $9+. If you see a return to touch the orange bull market support line at ~$2 ... that has been a great opportunity to buy.
FTX:MATICUSDLong
by culbert425
3
Trade setup in Matic: Short, withHere is a pretty self explanatory Matic short setup chart with levels marked. Even though Matic is currently in an uptrend, I spotted a bearish rising wedge pattern, which can potentially break down. Note: As per trading best practice, it's best to take a trade after completion of the pattern (as of now, the pattern is still not valid because the wedge is still not broken), but the risk: reward is decent, and there is a nasty wick (bearish) on the 1H and 4H chart, which just convinced me to take the trade. Disclaimer: None of this is financial advice. If you wish to take the trade, make sure you are first comfortable of losing amount if your stoploss is hit. Please manage your risk accordingly. Happy trading. :)
FTX:MATICUSDShort
by Retail_Insider
Revised! New breakout date Dec 7I will always be first to raise my hand and say, "maybe I drew that one wrong" Because of the price action overnight in Matic, I woke up very excited to revise this chart and draw a new backwards Fibonacci retracement box. I will be the first to admit if my initial posts from earlier this week were incorrect, and actually I hope they are! Because this chart revises both the breakout target and the Fibonacci extensions to more aggressive targets. A sneaky, cheeky trendline has appeared and I think it might be right. In the drawing above, I changed the Fib 1.0. to 2.83 (the high on May 18) instead of the 2.44 I had been using. It's a more traditional charting technique to take that high wick anyways. So that presented new Fib levels and a new trendline. The aggressive accumulation on the last few days looks like other pre-breakouts I have seen. Any close above 2.44 busts my initial prediction of an Xmas breakout and I would be more than happy with that. Dec 7 is more exciting anyways. My thoughts today while I sit at work drawing charts are: have I accumulated enough? Should I roll other coins into Matic? Is a more aggressive trendline more realistic? Have fun, best of luck. Let's see what happens! Due your own due diligence. Not financial advice. Just pretty pictures. Have fun.
COINBASE:MATICUSDLong
by Gamehenge
2