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MATICUSD trade ideas

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 because it can always extend. In fact, any signal in isolation can produce more harm than good. That is why I always look at a combination of signals to support my bias. There is also a small volume breakout yesterday. This is a weak signal but when combined with the RSI bullish divergence and marketwide action, what the rest of the market is doing, it becomes a strong early signal. ➖ MATICUSD Daily RSI Bullish Divergence Polygon's daily RSI hit bottom in early November 2024. Ever since, it has been producing higher lows. This makes it a very strong bullish divergence. MATICUSD has been moving lower and producing strong lower lows. This is the reversal signal. Polygon will soon grow. Thanks a lot for your Altcoin Choice. Namaste.
COINBASE:MATICUSDLong
by MasterAnanda
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 expectation is for the price to drop to TP1. The best buying zone for MATIC/POL is the green zone at the bottom of the chart, which could push the price upwards by more than 500%. In fact, it is expected that wave A of the bearish pattern or X wave will end in this area, and the price will enter a mid-term or even long-term bullish phase. A weekly candle closing above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTO:MATICUSDShort
by behdark
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 below or even make a false reversal. Short positions would have it very easy if it only went down. However, I think it will test the area of the June low by the end of the year, and if it holds and other conditions are met, there could be an upward turn.
MShort
by trader-123456
14
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 channel. A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone) The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting. The previous bullish impulse (Wave (5)) ended around $2.75 This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion. Bearish Scenario: If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible. However, this scenario would likely require a broader crypto market downturn. Conclusion: Potential Long-Term Trend Reversal The current zone suggests a possible bottom formation, which could lead to a new bullish cycle. A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal. Traders might consider accumulation in this range with a stop-loss below $0.17. Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
CRYPTO:MATICUSDLong
by Anakyn
1
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 (current price zone), as it appears to be stabilizing near the lower Bollinger Band. Resistance: Near $0.28 - $0.30 (middle Bollinger Band) and a stronger resistance at $0.35. Volume has been relatively low, suggesting weak buying interest. If $0.20 breaks down, the next strong support might be around $0.15.
COINBASE:MATICUSDShort
by Sahrin
4
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. ✅ Best Confluence: If price retests $0.30 as support after breaking above, it strengthens the long setup. Volume confirmation is key—low volume breakout = fakeout risk. 📉 Bearish Scenario: If Price Rejects Below $0.30 Entry: Below $0.28 (Breakdown confirmation). Stop-Loss: Above $0.32 (Invalidation). Target 1: $0.20 (Next major support). Target 2: $0.15 - $0.10 (Liquidity sweep area). R/R Ratio: 2.5:1 or better. ✅ Best Confluence: Rejection at $0.30 = Bears remain in control. If price fails to reclaim $0.30 and breaks down, it signals continuation to lower targets. 🚀 Final Takeaway ✔ $0.30 Breakout = Early Long Signal (Targeting $0.40 - $0.51). ✔ $0.51 Breakout = Full Trend Shift Confirmation. ✔ Rejection Below $0.30 = Bearish Continuation (Targeting $0.20 - $0.10).
COINBASE:MATICUSD
by paper_Trader1775
1
POL: Key Support Holding or Deeper Correction Ahead?POL: From a price perspective, the pullback into support between $0.186 and $0.357 aligns well with the idea of a fourth wave within a larger upside impulse. However, the prolonged nature of this retracement reduces confidence in that outlook. Given the complexity of the correction and the broader position within the crypto cycle, a break of support and a deeper correction remain plausible. In that scenario, a test of the $0.023 - $0.065 region could come into play. It may be prudent to wait for a clear confirmation of a local low before turning bullish on this chart again.
CRYPTO:MATICUSD
by MCOGlobal
13
Hitting a bottom on MATIC?...I don't really trade Crypto's however this one stood out to me as a potential opportunity on the weekly time scale. MATIC has been trending down since late 2021 but it has always shown a bounce around the $0.30 zone, ultimately creating a very large descending triangle coupled with a MACD that has been diverging up. Could we see a rally ahead towards $1.00+? well that remains to be seen but I liked the setup and took the opportunity. Should be interesting in how this develops and thus, I'll be keeping an eye on this one. I'm also checking out DOGE and XRP. As always, Good Luck & Trade Safe.
COINBASE:MATICUSD
by InternalTraderNYC