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MATICBULLUSD trade ideas

✴️ Polygon | One Of The Strongest AltcoinsMATICUSD is definitely one of the strongest Altcoins we've seen so far. Even though this Altcoin project was mentioned in the SEC lawsuit, it remains trading within a higher low compared to last year and this at a much higher price, 50% higher than the June 2022 low. And so we have a long-term higher low with a very strong long-term hidden bullish divergence on the RSI. The hidden bullish divergence happens when the pair, MATICUSD in this case, produces a higher low yet the RSI produces a lower low. Even though there can be additional correction short-term the probabilities favor the bulls. This is going up regardless... If not within days, maximum weeks. That is what the chart is saying. Namaste.
CRYPTO:MATICUSDLong
by AlanSantana
1
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding. This is perfectly viewed on the 1week time frame where the price hit the 1week MA200. As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022. Buy and target the 1day MA100 on the medium term at 1.1500. Follow us, like the idea and leave a comment below!!
CRYPTO:MATICUSDLong
by TheCryptagon
5
MATIC STRONG BEARISH Falling KnifeTrend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens caused a $387 million wipeout from the crypto market. Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish. The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform. While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag. Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action. Regulatory fear leads traders to liquidation In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens. As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself. According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period. Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most. Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million. Red season for the cohort Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI). At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state. The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
CAPITALCOM:MATICUSDShort
by DaveBrascoFX
Matic at the high range. Btc is at key level decision 28.4k and all i saw is price at high range. Matic is at high range Deviation from high range Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range. Invalidation of this when price make lower high above range high and continue make higher high. Basis for this short 1. Macro seems like shit in coming months especially Q3 Q4 2. Tightening of credit facilities, its going to be hard to get new money 3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period. 4. On a higher time frame price still in range.
COINBASE:MATICUSDShort
by BobbyAxelrode
MATIC Could be sent much lowerOff the low in June, we got a full algo ending on 2.618. Right now price is retracing from the december rally and about to lose the trend for 2nd time, so most likely local 0.886 will be tested (in case the move off the low has been impulsive) If it was corrective however with an overlapping B most likely, 0.886 wont hold and Matic might finish this 5-legged move down on perfect fib confluence: 0.886 major 1.886 intermediate 4.236 local Invalidation above B! --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
M
by NastyBeer
[UPDATE MATIC] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use MATIC as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
CRYPTO:MATICUSD
by Homocryptus
Matic Polygon eyes 200% gains on PolygonPolygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform. Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth about $71,000) on a public blockchain, marking a concrete step toward integrating cryptocurrencies into traditional financial frameworks.  MATIC, a utility and staking token within the Polygon blockchain ecosystem, rose over 13% to $0.985 after the announcements, accompanied by an uptick in daily trading volume. MATIC’s upside move came as a part of a broader recovery rally across the crypto sector that started in mid-June. MATIC’s price has rebounded by more than 200%, a trend that will likely sustain in the coming months. On the daily chart, MATIC has painted a cup-and-handle setup, which comprises a U-shaped recovery followed by a downward drifting channel. The token is now eyeing a decisive breakout above the pattern’s neckline range (the red bar in the chart below) to reach $2.89, its primary upside target. As a rule of technical analysis, a cup-and-handle pattern’s target is measured after adding the distance between the cup’s bottom and neckline to the potential breakout point. As a result, MATIC is now eyeing a 200% price rally by the end of Q1 2023. Fundamentally, MATIC’s demand could keep growing, given Polygon’s growing NFT projects launched by mainstream companies. On the other hand, macro risks continue to threaten the ongoing crypto market recovery, which may hurt Polygon despite its growing partnerships with big-name brands. That being said, a strong pullback from the cup-and-handle pattern neckline range could invalidate the bullish setup altogether. Technical analysis: I have marked the important zones with numbers and explained them : 1 Agresive Sellers shortened Matic at 2.60. Technically The market had very low bullish volume and huge bearish Deltas . The market broke the short term support at 1.75 and it became again resistance. Now the sellers started to build their positions stronger. Long term buyers took partial profits here, new buyers took losses, and sellers sold more here. The creation of more sell orders finally pulled down the market to the deepst waters0.39145 2 This zone was and is defending strongly by Matic Long holders. The sellers took some profits here.The long term buyers bought more matic and new buyers came into the market. Also some late sellers took losses here or took profits.Also some sellers became new buyers. More Buy orders pushed up and pumped matic to 1.40(Defended ell area=Double Resistance) 3 Long move has a double support 0.73 and 0.65 area The increased volume and delta at this area supports buying positions,but also the volatility . 4 A break above 1.5463 increases more delta bullish and more buyers will support this positin but this time more agressively. The market has higher highs and higher Lows structure.To build a long term Bullish trend, a break above 1.5460 is essential 5 A break and holding above 1.54680 finally establishes a strong lbullish long term trend 6A break of 1.6590 is catastrophic for the majortiy bulls,but the final support 0.38 could save them. If this zone has lost, The sellers will control the market for a longer periode, as the resitance numbers make it very hard for bulls to take advantageof the bull trend.
CAPITALCOM:MATICUSDLong
by DaveBrascoFX
5
MaticUSD (Polygon) AnalysisAfter the massive sell-off from December 2021 to June 2022, Matic has been consolidating. At the moment, we see a rising expanding triangle has formed. Price is currently trading at triangle support and a bear flag is also in the making. Just above price is a critical horizontal S/R level at about $0.95. Both rising expanding triangles and bear flags insinuate a possible bearish continuation. If this continues downward, there is a possibility that it may retest the previous swing low around $0.325. On the other hand, if triangle support continues to hold and price makes it's way convincingly above the $0.95 area, then we could see $1.25 and then possibly triangle resistance yet again. I'm not long or short at the moment, but will be keeping a close eye on this instrument.
PEPPERSTONE:MATICUSD
by KH2_Artizan
What will be the destiny of MATIC ?IT'S NOT FINANCIAL ADVICE I WANT TO PRESENT WHATEVER IS IN MY MIND. SO IT'S JUST A PERSPECTIVE *********************************************************** Hi guys, this is my overview for MATICUSDT, feel free to check it and write your feedback in the comments, AND don't forget to share this analysis with your friends. Are you ready? LET'S GO Hello. new day, new analysis. at this time I want to dedicate an analysis of #MATICUSDT to you. to draw a Parallel channel you need two points at the bottom and one point at the top. I use Fib Channel because I needed to show you the second top of the channel. I drew a channel and as you see we have a nice reaction to the top of the First channel and finally, it's broken. after Pull-back the price moved into the second channel and sometimes the midline stopped the price and a resistance zone and sometimes it works as a support zone.I believe that it's not necessary to explain. the main content is we broke the bottom of the second channel (top of channel one) and the price dropped. and it's confirmed. so we should wait to re-action of the price to the midline of channel one.(red line = 0.5 ) in the price of 37-42 Cent. if this zone could not hold the price, the next target is the bottom of the channel at 12-14 Cent. if you can keep my secret, I wanna tell you something. i puted my orders in the 3rd zone (12-14 Cent) it's the best position to buy and hold for the long term. I believe that the future of MATIC is bright. so, don't lose this opportunity. *********************************************************** please write your comments below and tell me what you think about the future of #MATIC ... do you agree with me? and don't forget to share this analysis with your friends. Sincerely Yours
MShort
by ho3einmnd
Polygon: Exemplary 🤓Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which should end in the top of wave (i) in magenta. Wave (ii) in magenta should then make for a distinct counter movement before wave (iii) in magenta should take Polygon further upwards.
M
by MarketIntel