MATIC primed for upsideThere appears to be a hammer candle, and MATIC is currently using 1.75 support. It could fall to 1.50 range as the next level of support.
Confluences:
Market structure of Higher Highs and Lower Highs
Hammer candle indicating bullish move
Breaking through 1.75 then using it as support.
Risking 20% (to 1.42) for 60% (to 2.82).
MATICUSD trade ideas
MATIC retest of 1.60 possible thereafter $3.50 ATH comingMATIC had agood clean breakout now pausing at $2.00 mark. It could very well be testing 1.60 level in coming days before taking off to higher levels and possibly breaking all time highs again.
MATIC on the short term rise?We seem to be experiencing higher highs and higher lows over the course of the last couple of days, and the support around the $1.87 - $1.88 has held fairly consistently. We may continue that upward trend in parallel channel, but will be break through the $1.96 - $1.98 resistance?
Polygon looking goodGreeting fellow crypto hounds. $MATIC Nice move up recently on good volume to settle in above a previous high. Appears to be consolidating and establishing a new POC around the 1.9 area as well as letting the 20ma catch up.
Looking for a continuation unless the general market hits some bumps. Likely to see some resistance in those previous high areas around 2.4 - 2.5 but I continue to be bullish on MATIC
I am holding MATIC in both medium and long term folios
Peace and Good luck
Polygon (MATIC) - November 7Hello?
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(MATICUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.681 point: Expected to create a new wave.
The wave cannot be considered complete and requires careful trading.
(1D chart)
In the CCI-RC indicator, the CCI line has risen above the +100 point, entering an uptrend.
We need to see if the CCI line can touch the EMA line and continue the uptrend.
If the price maintains above the 1.634-1.837 range, a move is expected to move higher than the 2.447 point.
The key point for this rise is the 1.443 point.
Therefore, if the price holds above the 1.443 point, we expect the uptrend to continue.
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(MATICBTC 1W chart)
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
MATIC: Short term downtrend for great buy opportunityLet me begin by saying I am VERY BULLISH on MATIC. But here and there price does come down and the technicals (4HR and Daily time frame) are showing a possible downtrend for MATIC for the short term. MATIC has made a double top with a very significant bearish divergence on MACD. If price falls below 1.85 look for price to fall back into a range between 1.65-1.50. There is also previous accumulation between the 1.80-1.75 level so we might only fall back to this level. If we are able to accumulate at the 1.80-175 instead of the 1.65-1.50 level, it will really showcase the bullish nature of MATIC. I am looking for accumulation around a certain price range to find a good entry and stop loss.
Trade safe and remember the market doesn't care about you!
MATICUSD COINBASE CAP AND HANDLE Here we see a cup and handle pattern on the MATICUSD 4 hour chart. If we see a candle close above the upper line of handle we would likely see a breakout possibly out of the ascending channel as shown. Please feel free to comment with questions or with your view of the chart. PEACE