$MATIC @0xPolygon #MATICWill Polygon finally breakfree? Or will it continue to breakdown? Follow me for trading ideas!
MATICPERP trade ideas
Matic Reconsolidation and Next leg UpMatic is looking like it wants to put up another leg. Unless you're in Matic for the long game, I wouldn't count on holding it past the 2.0 Fibonacci in the event BTC drops this weekend and pulls the alts down with it. Best to keep and safe and conservative, take the 10-15% gain and leave while still up. Not financial advice.
Good luck, safe trading
MATICUSD (4H) Bearish reversalHi Traders
MATICUSD (4H Timeframe)
Waiting for the downward break of 0.5670 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.6260 would cancel the bearish scenario.
Trade details
Entry: 0.5670
Stop loss: 0.6260
Take profit 1: 0.5300
Take profit 2: 0.4710
Score: 7
Strategy: Bearish reversal
Matic Breaking Down!$Matic broke $0.56 and now heading down to $0.48 – previous support.
Will break … it’s inevitable!
The 1st important level to watch for longs is $0.38, on condition that it won’t break.
MATIC Fighting the down sloping trendlineMatic has tested the breakout of the down sloping trendline for the past two weeks. If manage to break it followed by a retest has a good chance of going above $0.75
Matic Last TA updateIt’s the second breakout attempt at $0.62 that Matic failed to succeed.
Matic already did a 99% pump this week, so don’t expect much. We may see a fakeout around $0.79 and that's all.
These levels are excellent to look for shorts.
You can find my previous TA below.
MATICUSD ❕ upper boundary of the downward channelMATIC is moving in a downward channel near the upper boundary.
The asset has shown significant growth without a pullback.
TD Sequential indicator has formed a reversal signal down (4H TF)
The price is in the overbought zone of RSI (1H and 4H TFs)
I expect that the price will go down after fixing under the upper boundary of the channel.
Matic USD approaching long term downward trendline.As you can see on the chart, Matic USD is approaching it's long term downward trendline. There could be a rejection at around the 0.70-0.72 level in the next day or two. This could be a possible good short entry.
Polygon for NFT'sPolygon MATIC/USD is used to mint NFT's on markets like OpenSea and swap on decentralized exchanges like Sushiswap. Here's a 4-split chart 4 day, 1 day, 4 hour and 15 minute. Here's levels on the 1 day chart:
SMA233 =1.67
SMA144 = 1.88
breakout = 1.76
R3 = 1.67
R2 = 1.59
R1 = 1.50
pivot = 1.42
S1 = 1.33
S2 = 1.25
S3 = 1.16
breakdown = 1.08
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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7pt Trading compass:
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This is not financial advice
MATIC AAVE loan purchaseI used profits from a prior MATIC swap to USDC I had stored on AAVE since last year (sold @ $2.83 and $2.53). I locked in profits for a potential trial bear market purchase later. Now is that time. Just bought MATIC @0.31 with a portion (20%) of the AAVE profits.
Plan to sell @ $2.50 MATIC
Plan to deposit MATIC into AAVEE if hit below 0.21
Plan to buy more MATIC @ $0.30 and $0.275
not buying $MATIC....Bear Marketnot buying $MATIC............................................................................
this is crypto #MATICthis is crypto #MATIC...................................................................
MATICUSD Bull Experiment10/10 interesting price structure. Everything aligns so perfectly. Daily candle opened at support. Moving averages look good, but there's still a long battle ahead. High and low targets are on the chart. Let's see what happens.
$MATIC LONG IDEA from 0.62$ to 0.80$wait for trendline break retest of 0.62$ then you can entry with small stop loss arround 0.59$ or 0.58$ and ride this to 0.80$'s this can play if $BTC does not dump further from the current price , also always before entering the trade check RSI to be oversold in down side to have better chances in the trade.
MATICUSD ❕ manipulation? again?MATIC reached the lower boundary of the descending channel.
The fall in price happened on declining volumes.
When trying to break the support level, the price went back on higher volumes.
I expect that the price will test the support level again, and after fixing above it, it will grow.
Party begins in Sept 2022 for ALTS - 15x on MATICLast time we got a 68x from $0.03 to $2.4.
This time, we are only asking for 15x.
Look at that RSI!
Once that trendline is broken, it's party time.
MATIC will go from $0.80 to $13.
I would say around September 2022 to January 2023.
That will be the blow off top.
You better SELL at that time!
Buying MATIC at around 0.35I think MATIC is very under valued. It has a limited supply and It has a great useable solution to ETHs scalability issues. This is my call, I'm going 3/4 of my bag in MATIC when the market bottoms out. (The rest in AVAX and SOL, then a few gaming small caps)
ETH is is not going anyway, but MATIC has a lower market cap for more gains.
MATICUSD (1H) Bullish breakoutHi Traders
MATICUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.643 resistance level. Only the downward break of 0.619 would cancel the bullish scenario.
Trade details
Entry: 0.643
Stop loss: 0.619
Take profit 1: 0.658
Take profit 2: 0.683
Score: 6
Strategy: Bullish breakout
MATIC Wait For Bullish Price Action To Buy
Hi traders:
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish price action.
Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted.
Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need,
to look for a longer term buy setup to the next highs.
Thank you
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