MATIC on the move riding an uptrend for the past few weeks.MATIC Polygon has been performing well. 38% up since the 3rd week of Sept. Major resistance areas coming around 1.43 and 1.48.
MATICBULLUSD trade ideas
MATIC long - Target $1.5 The bottom curve seems realistic to me, the next target will be 1.55 USD, then 2 USD could be the target if BTC keeps moving up.
Short-term target 1.5 USD
MATIC / USD Confirmed Breakout of Symetrical TriangleMATIC / USD Confirmed Breakout of Symetrical Triangle
Target 1.49
TP:1.23/1.32/1.41/1.49
No Financial Advice
DIOR
20 minutes of Analysis for those traders that care!Hi my G's , i decided to post back again, and this time came with a 20 minute video recapping some trades and some ideas, some that I have lost, some won, and some still trading.
FX, cryptos and Stocks,
Jbonilla, here we go.
CRYPTO - MATIC - 4H Bull Flag with bull pin. Get long now.CRYPTO - MATIC - 4H Bull Flag with bull pin.
Volume is dipping on the bull flag as expected.
Fast STO appears to be turning back up.
Target 1 is 1.50. Stop at 1.10.
Polygon Price AnalysisThe daily chart shows that after setting an all-time high of $2.900 in May, the MATIC price entered a bear market. By July, Polygon was 78% lower and beneath the 200 DMA at $0.657. However, crucially, MATIC finished the day at $0.689, triggering the second bull market of 2021. Within two months Polygon was 190% higher, topping out at $1.875 on the 5th of September. Since then, the price has been heading lower, resulting in a descending trendline, capping the price at $1.128.
The 200-day moving average sits at $1.066, countering the trend resistance. If the MATIC price closes below $1.066, I expect to see a sharp decline. A logical target is the horizontal support of July’s $0.620 low, which coincidentally was the last visit to the 200 DMA. However, if Polygon clears trend resistance at $1.128, it would indicate the 200-day has done its job again. In that event, the bulls will be encouraged, and the MATIC price should quickly clear the 100 DMA at $1.281 and extend towards the September high.
MATICUSDTI expect a temporary price return and a reduction again until the return pattern is complete.
Polygon (MATIC) - September 24Hello?
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(MATICUSD 1W Chart) - Mid-Long-Term Perspective
Support and resistance are weak due to a sharp rise.
Accordingly, careful trading is required.
If the price maintains above the 0.234-0.346 range, we expect the uptrend to continue.
It forms a high point in the section 1.073-1.169.
So, if you fall in this zone, you can temporarily touch the 0.681-0.743 zone, so you need to think about how to respond.
(1D chart)
It is necessary to check whether the price can be maintained above the 1.073-1.169 section where the high point section is being formed.
Accordingly, if the price is maintained above the 1.227 point, it is expected to turn into an uptrend.
Resistance range: 1.634-1.837
Breaking out of the downtrend line is the priority to move towards resistance.
Therefore, it is necessary to see if it can rise above the 1.443 point and raise expectations for an uptrend.
If it falls in the 0.618-0.821 section, Stop Loss is required to preserve profit and loss.
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(MATICBTC 1W Chart) - Mid-Long-Term Perspective
Support and resistance are weak due to a sharp rise.
Accordingly, careful trading is required.
If the price is maintained above the 573 satoshi-784 satoshi range, it is expected that the upward trend will continue.
(1D chart)
We are walking sideways in the section 2390 Satoshi-3294 Satoshi.
Therefore, you need to check if there is any movement out of this section.
Support section: 1471 Satoshi-1941 Satoshi section
Resistance section: 3823 Satoshi-4293 Satoshi section
I think this resistance section is a psychological resistance section to rise above the 4415 Satoshi point.
Therefore, an upward break above this resistance area is expected to form a new uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
MATIC Short Or Long? As you can see we have a long trend line, and if it brakes we can see 3 target for Matic shown in the chart.
But myself looking forward for the uptrend right now or I will be in a total loose. :(
This channel is not obeying ... lolIf ppl really understood great chains from bad ones (like ADA)... this would be pumping...instead... ppl like sweet names and forget the underlying technology; the underlying tech always wins. Just need to be patient....
MATIC - Just a Breather (Analysis) An idea for MATICUSD
Suggesting that a "breather" has just taken place, and upon transition through the pink (2.618) fib level, bullish action will resume. Indicated by the white bars pattern.
MATIC longer correction ahead?Expecting short term relieve.
First target is 1,2 extension of current range. This is at the red trendline.
If this trendline is breached, a retest of the trendline is likely followed by a next downward move.
This makes part of a bigger corrective move in terms of EW.
Target of 41cents. Starting point of current upward move.
Key reaction zone: red trendline
If trendline is breached I expect it to happen by the majority of crypto's.
MATIC LONG, getting ready for a run!Both supertrends flipped bullish on the 4h and a clear bullish divergence between OBV and RSI. I expect a run to test previous highs.
MATICUSD still inside the triangleMATIC is still trading inside the triangle making LL. My feeling is it might break towards the downside, if it does so - I have buy limit orders sitting at 23.6 fib level.
I am very bullish on polygon as a project and would be loading up for long-term hodl pf.
