long pol Given that after a strong trend, the price has been declining for about four years, we are slowly entering a new trend. I expect a price of $5 to end this cycle, which will bring the market cap to $50 billion.
Polygon: Your Altcoin ChoicePolygon has been bearish since early December 2024, same with most of the Altcoins market. This bearish period is coming to an end and I can say this based on two simple signals. A bullish divergence with the RSI and a falling wedge pattern.
The falling wedge pattern on its own can be doubtful beca
MATIC up ideaan idea suggesting a bull run for matic
matic has been in the bears control for quite awhile
Perhaps it will reverse strongly?
Breakout of channel possible
Weekly timeframe
MATIC/POL buyers beware; bearish signals in the mid-term (1W)The MATIC/POL pair has been dropping for over 1200 days from its peak price, but the structure suggests that a new bullish pattern may have started from the point where we placed the red arrow on the chart.
We’ve marked a supply zone on the chart that could reject the price downwards.
The minimum
Bounce or New lowsMATIC had a hard drop from .75 to .15 cents, ouch. Now it seems it may be consolidating again in a parallel channel but if it breaks below, it sadly will make new lows, we need price to break out above the channel .1938 and make higher highs and higher lows. Anything below .1519 is in the danger zon
MATICMATIC created a potential bearish flag pattern from the June low.
It was easy to guess the top of the flag and the start of the descent.
At this moment, the lower trend line of the flag is broken.
It's hard for me to predict what the way down will look like, maybe it will test the trend line from be
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart
The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection.
MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending chann
Polygon matic multi year breakoutPolygon matic on huge multi year breakout and it's trading within bullish penant pattern.
Breaking out of bullish penant with 0.5$ above could confirm that move.
Ideal Target will be 1.618 fib level of price level 4.5-4.75$, if 0.19 confirms as bottom..
Is MATIC Nearing a Bottom or More Downside Ahead ?
Lower Highs & Lower Lows: The price consistently prints lower highs and lower lows, confirming a bearish structure.
The price is moving along the lower band, indicating persistent bearish pressure.
The middle band (moving average) is acting as a resistance level.
Support: Around $0.20 - $0.21 (
Downward ChannelOptimal Trading Strategies Based on Key Levels
✅ Bullish Scenario: If Price Holds Above $0.30
Entry: Above $0.31 (Confirmed breakout).
Stop-Loss: Below $0.27 (Invalidation).
Target 1: $0.40 (Key resistance).
Target 2: $0.51 (ChoCh & major trend reversal point).
Risk-to-Reward (R/R): 3:1 or better.
✅
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