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MATICPERP trade ideas

MATIC Polygon 6 hour chart Bearish Divergence MATIC POLYGON we failed to put in a higher RSI on the 6 hour chart. Money flow appears to be trending downward, and we may have double topped. I could see a retest of the bottom trendline of the larger equal triangle form on the weekly chart. With the break above the upper trendline on the weekly chart, I'd expect a coiling up leading to expansion that I don't recognize on the charts. Shorts should be out by now with the break of the upper trend, and nothing is happening to the upside. I'd like to be wrong and see the price move upward. I exited my MATIC position about 12 hours ago, and I am not shorting. One, because it's over the 200 MA and in the U.S, futures trading is not available or I might. Just for disclosure purposes.
COINBASE:MATICUSD
by BreakingGood
MATIC Weekly Chart 21 EMA Crossing 55 EMAMATIC Polygon has broken out of the upper trendline of an equal triangle it has been in on the weekly logarithmic scale. The RSI has been relatively flat making the price higher and RSI lower in the recent trend. Money Flow is on the rise. Clearly a Bullish trend if we can back test and hold support of the upper trend line. I'm cautious! I opine the current monetary policy in the U.S. doesn't support new buyers in the crypto space or any other risk asset. I realize crypto is traded globally, but who are the buyers pushing up the price? I exited my MATIC position 12 hours ago and intend to wait for firm retest of the upper trendline, and I'm not shorting above the 200 MA. What am I missing that is preventing me from going all in with this Bullish setup? Please comment and I, We might learn something. I consider myself a novice only being in the space for a few years, and I just don't trust my TA. Peace
COINBASE:MATICUSDLong
by BreakingGood
MATIC (Y24.P1.Video1).Finding levels of impportanceHi Traders, This one is good for those who want to find levels of importance which is our groundwork prior to trading the levels using SFP's or Failed Auctions. On the macro perspective, we use other strategies that is not covered here but again, these levels played the role for decisions. We used 3rd party tools as well and maybe there are scripts here on Tradingview that also do the same. I know there is some but how well they do it, I have not checked. Moving forward, if you want to ask questions about this approach, I will point you in the right direction. All the best, S.SAri Current resistance, VAH completed
COINBASE:MATICUSDLong
by ssari
MATIC Price Eyes $2 With This BreakoutBullish Reversal Above $1: MATIC's price surpasses the crucial $1 mark, indicating a strong bullish momentum in the market. 23.60% Fibonacci Level Breakout: Polygon (MATIC) showcases a bullish breakout, surpassing the 23.60% Fibonacci retracement level, signaling potential for further gains. Potential Bull Run to $2: The current trendline breakout and market dynamics project a possible uptrend towards the $2 mark. New 52-Week High: MATIC achieving a new 52-week high suggests strong investor confidence and market sentiment towards Polygon. Double Bottom Breakout: This chart pattern indicates a significant bullish reversal, enhancing prospects for a sustained bull run. Support from Tech Giants: Meta's selection of MATIC for Instagram’s digital collectibles and Google Cloud's ownership highlight institutional support and confidence. Challenging Overhead Resistance: MATIC is poised to challenge key resistance levels, fueled by the current bullish momentum. Increased Trading Volume: A rise in trading volume supports the bullish trend, indicating heightened market activity and interest. Daily RSI Approaching Overbought Zone: The RSI nearing the 70% mark reflects growing buying pressure and bullish sentiment. Trendline Breakout to $1.5 and Beyond: The trajectory towards the $1.5 mark sets the stage for MATIC to target the $2 barrier, backed by strong technical indicators.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
Will MATIC price Reclaim $2Quick Recovery and Challenge to Descending Trendline: MATIC's price has shown resilience with a quick recovery, challenging the descending trendline that has been in place. Remarkable Weekly Jump: Last week, Polygon (MATIC) experienced a significant jump, increasing by 19.63%, signaling strong bullish momentum. Potential Breakout of $1: The recovery and bullish revival hint at a possible breakout of the $1 mark, setting the stage for a continued uptrend. Momentum Gain Amidst Market Recovery: This month's bullish turnaround for MATIC indicates growing momentum amidst broader market recovery. Rounding Bottom Formation: A rounding bottom formation in MATIC's price trend suggests a bullish 2024, with potential for reclaiming $1 and setting new 52-week highs. Weekly Chart Developments: The weekly chart shows a rounding reversal, indicating a momentum shift with a challenge at the crucial $1 psychological level. Double Bottom Pattern Indication: A potential double bottom pattern with a neckline at $1 suggests a trend reversal, supported by a 34% increase in trading volume. Current Trading Position: MATIC is currently trading at $0.9952, on the cusp of breaking above the $1 threshold. Path Towards $2: The expected breakout rally could propel MATIC beyond $1, with Fibonacci levels indicating potential targets of $1.3370 and $1.6315, and the momentum possibly pushing the price to $2. Risk of Retest Phase: A swift descent below the $0.96 mark could trigger an increase in selling pressure, potentially dropping the price to the $0.85 level.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
$MATIC Head and Shoulder, But Which Way?Here we have one with lots of drawings. On the bigger picture, in daily timeframe, I see a Head and Shoulder formation with neckline retest. Let's remember Head and Shoulder: ✅ Downward slopping neckline tends to bring the biggest price move (visible on daily) ✅ Highest volume is at the head or at the left shoulder (it is at the head in this case) ✅ Volume falls after the head, lowest volume is at right shoulder (it is) ❌ Volume after breakout is high (it's not, yet) If this formation works, the best scenario of the worst scenario is that the 0.5992 line is going to support the price. If not, we might see as low as 0.5245 and even 0.4766. Let's talk about the reverse Head and Shoulder in 4 hour timeframe, though. ❔Upward slopping neckline tends to bring the biggest price move (not happened) ✅ Highest volume is at the head or at the left shoulder (it is at the left shoulder in this case) ❔Volume falls after the head, lowest volume is at right shoulder (hmmm.. mehh.) ❔Volume after breakout is high (it hasn't happened yet) ▶️ In addition to these rules, "many H&S patterns are more complex and contain other patterns within them." (shout out to barbara rockefeller) If the price at or after the 4 hour February 2, 7 AM candle bounces back up from 0.7898, it can create a mini cup and handle. Furthermore, if the bounces up from 0.7654, it can create a double bottom; however, this formation is accurate as a reversal pattern, not as a continuation pattern, so it may not be reliable in this case. Either way, 0.7654 is going to be an important support line. Last scenario in my mind is that the price is just going to keep consolidate in sideways range and we will forget about these heads and shoulders. The math based indicators are more on this side in my opinion. Fundamentals can help the market decide that. I wish everyone profitable trades. this is not a financial advice in any sort of way.
COINBASE:MATICUSD
by frikko23
Matic : A Lucrative Buying Opportunity For the Next Bull Run ?Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested in accumulating MATIC. This consolidation phase, as evidenced by the price action, could very well precede a significant upward move, making it a potentially opportune time to acquire a valuable position in this promising cryptocurrency. Please note that this is a very longterm trade, If you want to accumulate buy only spot.
MLong
by SabahEquityResearch
5
Crypto Altcoin Gem. Polygon(MATIC)I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support area which I believe will coincide with the beginning of a extreme and lucrative bull run in the crypto markets, were likely to see a increase of around 100% on this coin.
COINBASE:MATICUSDLong
by mofxtrading
3
Polygon (MATIC) Poised for Further Growth CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long. An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth. A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
COINBASE:MATICUSDLong
by DEXWireNews