MATICUSD - Potential Upward MovementMATICUSD hit a support level and is likely to reverse. Exit at 2nd supply zone
MATICUSD trade ideas
MATIC Will be bullish soonDefined the order block between the range of 1.5-1.8.
RSI is also near the oversold region
The trend is decreasing and the volume is not increasing. So it means the seller will not be more interested in the long way. So the market will be pumped soon
Let's see what happens
Could we be headed to .90 MATIC/USD (polygon) ?
Polygon's Layer 2 solution is becoming increasingly important for Solana developers seeking to connect with Ethereum's DeFi ecosystem. The fast and cost-effective integration options offered by Polygon are driving greater cross-chain interoperability and connectivity. #Polygon #Solana #Ethereum #DeFi"
Polygon MATIC in a Bullish Channel
KUCOIN:MATICUSDT is in a bullish channel and about to hit the lower trend line.
After touching the lower trendline, a reversal to the upside is expected.
Keep it simple.
$MATIC correctionBig correction for $MATIC. If you zoom out on the weekly you'll see it peaked out at 1.56 The pattern you see is a megaphone and PA is on the top end. I do believe it does at least 50% fib retracement. But could go as low as 1.05. A move there will either cause PA to bounce off the 200EMA or it falls all the way back to .80
We could also see a potential H/S forming w the L shoulder and Head already there
Time will tell.
NFA / DYOR
MATIC Alt Coin - Accumulating Updated TALooking for a pullback to get into this run. Polygon is the best blockchain in Web3 gaming and support many other DAPPS. It's been pumping and did not crash like many other Alt Coins did in the last downtrend. Disclosure... our project CroozeNFT. io web3 game is built on the Polygon Blockchain.
Updated Tech Analysis
Matic may be going back to .40 cents if this breaks down.Shortest matic at 1.45 looking to close position near the .8 support line. Possible chance we go below .8 if we do get really bad economic numbers and inflations becomes stagnant.
Continued BEAR thoughts on #MATIC
Continued BEAR movement to the area of 1.25 is seeming certain now! Calling it!
MATIC 1H - Bear Trend ContinuationAnalysis:
MATICUSD-1H is currently in a bearish trend. If the price breaks below 1.3151 which is previous lower low level, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be at 1.3887 which is the previous higher high level.
------ Trade ------
Chart: MATICUSD-1H
Type: Short
Entry: 1.3151
Stop Loss: 1.3887
TP1: 1.2415
TP2: 1.1679
MATIC headed down to 1.20's?
I believe we will see some bears win for awhile until the better news of hiring or a next project comes out.
MATIC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Polygon (MATIC) was one of last week’s big movers, however, it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after the price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into the overbought territory by leading the token to its strongest point since last April.
As a result of this overbuying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10 to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
MATIC Alt Coin - AccumulatingLooking for a pullback to get into this run. Polygon is the best blockchain in Web3 gaming and support many other DAPPS. It's been pumping and did not crash like many other Alt Coins did in the last downtrend. Disclosure... our project CroozeNFT.io web3 game is built on the Polygon Blockchain.
100% up from here?It is possible that we will see a strong rise to the area specified above for the completion of wave C, and then another decline begins
MATIC - Road to 2024MATIC showed so much strength during this bear market.
There is always a downside when it comes to DCAing so the risk is obvious.
This is going to be a long accumulation year so keep the bags small.
I have been very patient with MATIC so imo it’s time to jump in with SMALL BAGS.
Winter is long; bags will get heavier.
📉💸 According to my analysis, #MATIC is likely to trend downwar📉💸 According to my analysis, #MATIC is likely to trend downwards in the near future. #cryptocurrency #trading 🔍💻💰
Matic $1.60 follow uplook at previous post, Almost there, DogElonMars just pumped 23%, just need a bit more for the inverted head and shoulders target of $1.60!
pull back after and or consolidate
Matic TK Cross Matic is attempting a TK Cross above the cloud on the 4hr chart. If this pattern completes you better bet your house on it. The Daily chart also looks good, let’s see what happens.
MATIC UPDATE #PolygonPolygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains
MATICUSD Tests Crucial Lines Ahead of a Possible Trend ReversalMATICUSD shows a major trend reversal signal according the Heikin Ashi hourly chart. This becomes with testing the support of the crucial lines of Fibonacci 23.6% at 1.2818 and 1.2770, as this area has a very important volume profile. Also, it is near the SMA-100, which is in turn, a very important for trend signaling as the orange shaded area below it demonstrates.
A breakdown below 1.2818 and SMA-100 may confirm the trend reversal of MATICUSD. The area between 1.2555-1.2396 levels is the bearish target for MATICUSD if the breakdown would happen. If a further breakdown below those bearish levels occurred, the area between 1.2168-1.2055 would be the next bearish target as well.
On the other hand, if MATICUSD managed to stabilize above the area of 1.2818-1.2770, this may invalidate the previous bearish hypothesis and the area between 1.2899-1.2933 may be retested again in order for MATICUSD to continue its bullish trend toward 1.3231-1.3307 as the next possible targets.
Short term polygon analysis Here is a short term bullish idea based on areas of support and resistance
MATIC - WyckoffWe are facing MATIC making the pattern Wyckoff at phase UTAD. After that the price will slowly go down until lost the box and test new supports more lowers.
MATICUSD (4H) - Bearish reversalHi Traders
MATICUSD (4H Timeframe)
Waiting for the downward break of 1.230 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 1.348 would cancel the bearish scenario.
Trade details
Entry: 1.230
Stop loss: 1.348
Take profit 1: 1.160
Take profit 2: 1.040
Score: 5
Strategy: Bearish reversal
