Ascending Triangle on MATICWeekly AT baby LFG! Everything looking nice and bullish this could still go for another touch on the trend line down the bottom so be caustious of fake out. Long here, stop below wick! Good RR
MATICUSD trade ideas
Matic printing a diamond patternCan see FTX:MATICUSD printing a diamond patten on retrace from recent local top around 2.22
Still considering the fib retracement lines (drawn from low of 1.15 to top at 2.22) around 1.77, 1.63 and 1.49 so could be a short term bullish push upwards if it breaks diamond pattern to the upside. Otherwise we’re still looking to pick some orders up around those fib lines, especially around 1.63 as that is a strong long term resistance that Matic is now looking to flip support.
Keep in mind using other indicators to confirm movement. Most would look to enter on a break of upper right side of Diamond with other confirmations like volume and stochastic oscillator with a stop loss just below the recent higher low before the breakout. Targets around top of Diamond and one Diamond height extended beyond the top of current Diamond.
Question for the wise, Downward Flag for MATIC?Hey guys, As you know I have a lot of curiosity as to what Polygon is going to do in the near future, and I am a beginner (less than a year in), so I wanted to know if this would constitute as a downward Flag on the MATIC Chart this morning? If so, is the right strategy to see where the price breaks out of the flag as an indicator as whether the price will rise or fall coming out of the Flag? Also, if so, what is a good way to tell where the flag ends? It seems to me that you would need to pin that down before being able to identify which way the price breaks out of the flag.....if I am remembering the insane amount of info I have jammed into my head basically home schooling my ay through stock trading. I think this will be one of the most rewarding things I have ever done in my life....just as long as I do it the way it should be done, hence all these questions that aren't fielding many answers, I thought the purpose of this community was to try and educate more of the population on how our financial system really works, and that most "regular" people are being taken advantage of with just about every industry...so, in the hopes of finding some friends with a common interests, and good people who I can trade with, I will reach out again, with more keywords this time....thanks in advance for your time and any consideration you may have given to helping me, whether you end up commenting or not....just want to soak up everything I can, we all started somewhere guys...thanks
MATIC - Massive Gains Ahead 💪Potential trade for me on 12H.
MATIC has strong fundamentals and technical side is looking nice also. I think we are going to see some massive gains on this one soon....
MATIC looking good for an upmove!BINANCE:MATICUSD has broken out of triangle structure and now resting no a support after breaking it. On a positive daily close above the support line, it could be ready for upside. Keep an eye.
I think the Head and Shoulders for Polygon??I think this chart speaks for itself now...I thought I saw this coming yesterday morning, and if the trend holds true, it should drop down to the $1.60 range before some consolidation and another climb, just my opinion, and I am a beginner so the amount of info I am taking in is tremendous...one step at a time but any mentors are welcome...
Looking like a Head and Shoulders for Polygon??Guys, I love Polygon, and what they are doing , but it is looking like a great entry point for anyone looking to get on a nice dip that will soon be upcoming if the head and shoulders that I thought I saw when everyone was so bullish on MATIC yesterday morning finishes out the right shoulder, and if true to the trend following, will dip even lower in the short term. I think this is a great investment long term provided the security issues are good, and they can get the scalability figured out....but I think this chart is speaking for itself....
MATIC/USD updated EW countSo I needed to update my EW count as the price action has cleared up a few things. Matic saw a 26% daily candle, with the largest volumes its had. I now believe it is in a 3rd wave with a minimum target of $2.00. I could see Matic ripping up much higher to account for the larger wave 3 target around 5-6 dollars. A loss of the POC on large volume would have me rethinking this count. This is not financial advice DOYR
If you have and questions feel free to ask.
Trade safe,
Devin
Going for 2.45 and then 3?Thats what the chart is indicating. Polygon is being used by multiple DeFi Apps.
Possible Head and Shoulders for Polygon?Writing this just to see what the pros think....I am a beginner so you guys know how much info I have taken in recently...time will soon tell if I am right...let me know what you guys think, thanks.
ACCOMPLISHED TARGET EXIT AREA OF VALUE FOR POLYGON$MATIC
10.30.21
0745H +8 SINGAPORE
ALERT: EXIT ZONE - THOSE WHO WISH TO CONTINUE FURTHER TO THE MAXIMIZED EXIT AREA OF VALUE may do so at your own risk.
Note: Please shave off profits before pushing further to the MAXIMIZED EXIT.
Do not waste your would-be realized profits.
There are more than dozens of cryptos out there with similar characteristics, that we can trade again using part/full of our principal investment and profits gained.
Happy Trading, more to come, and thank you for your support.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
INDICATED are ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE using the BOXES.
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. You may use indicators as confirmation.
Matic/Polygon symmetrical triangleAnother symmetrical triangle. This time Matic/Polygon. Matic started forming it back in May and successfully breakout and tested it a few days ago. Price target is around 3,55$. I don’t think it’s too late to enter the trade.
MATIC/USD bullish breakout targeting 4 dollarMATIC/USB broke out of the triangle with retest and volume conformation.
Target: 4 Doller
MATIC (Polygon) - Macro Correction to FA Values Pretty self explanatory case of market over extension with Bitcoin itself.
Invalidation above 2.25$
Targets at 0.45$ - 0.33$
..
NOT A FINANCIAL ADVICE
MATIC Price To Climb 20% Climb Amid Continued Polygon Adoption
MATIC price forms a rising channel on the daily chart after rallying approximately 28% on Thursday.
Polygon aims for a 20% rise to $2.40 amid increasing adoption.
MATIC Price rallied nearly 28% on October crushing a crucial hurdle at $1.77 which had curtailed Polygon’s movement upwards for over five months. Yesterday’s increase in bullish pressure has triggered a possible rally for the Layer-2 Token to areas around $2.4.
Can investors expect Polygon to continue the uptick?
Polygon’s relevance continues
Polygon blockchain company announced its first partnership with an insurer. Its partnership with Tidal insurance is expected to help Polygon to secure its DeFi ecosystem.
The project aims to solve DeFi insurer’s supply and demand problem by “allowing capital leverage as well as additional token incentives to increase capital return. The announcement read:
“This collaboration is aimed to increase safety measures for top quality Polygon projects through Tidal Insurance. Projects need to meet certain criteria in terms of auditing, TVL, and other safety measures. Qualified projects will be awarded with a premium discount offering and MATIC incentives for their coverage providers.”
Ethereum price rallied to an all-time high on October 28 with its ecosystem active with dApps, DeFi, NFTs and meme coins. Polygon has been providing valuable help to users and new projects on the Ethereum blockchain, who would otherwise have found it difficult.
Therefore, Polygon provides scaling solutions and is at the center of whatever the future might bring for the ETH ecosystem.
MATIC Price Could Rally To Above $2.40
MATIC price took a breather after rallying to $2.14. This price action has formed an ascending parallel channel on the four-hour chart that forecasts 20% gains for Polygon in the near future. However, this upward movement will not be easy, as the MATIC price uptick was rejected at the $2.22 barrier embraced by the upper boundary of the prevailing chart pattern.
Moreover, the Relative Strength (RSI) Indicator’s retraction from the overbought zone on the same four-hour chart forecasts a correction which seems to be playing out.
As such, Polygon must flip $2.22 into support, a confirmation of a decisive breakout upwards towards $2.40. This will represent an approximately 20% rise from the current price at $2.03. A further climb from here could see MATIC tag the all-time high around $2.69.
However, if things go awry for Polygon bulls and MATIC price closes below the immediate support at $2.00, the Layer 2 token may tank towards the $1.77 support level. A further drop below this level could see Polygon tag the $1.73 support wall or the Simple Moving Averages (SMAs) below it.
