MATICUSD (4H) - Bullish reversalHi Traders
MATICUSD (4H Timeframe)
Waiting for the upward break of 0.7969 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.7270 would cancel the bullish scenario.
Trade details
Entry: 0.7969
Stop loss: 0.7270
Take profit 1: 0.8386
Take profit 2: 0.9076
Score: 6
Strategy: Bullish reversal
MATICUSD trade ideas
Is Polygon (MATIC) Price About to Explode?MATIC price Action remains neutral, but there are some hidden signals that may lead to price spike.
The Polygon (MATIC) market has been presenting some intriguing signs that have caught the eye of vigilant investors. Recent activities suggest that there has been a silent accumulation of MATIC over the past two weeks, which often precedes significant price movement. With the price ranging during this period, the underlying question is whether MATIC is gearing up for an explosive move.
The price chart reveals that MATIC has indeed experienced a reversal after an unexpected and critical 21% drop. The market's response to this drop is crucial to understanding the future trajectory. Typically, after such a decline, savvy investors look for signs of accumulation as an indicator of potential upward momentum. This is due to the common market adage that "volume precedes price," suggesting that if accumulation is occurring, a price surge may be imminent.
An increase in volume accompanying the price range could indicate that investors are seeing value at these levels and are stepping in to buy, potentially setting the stage for a bullish trend. As seen on the daily MATIC/USDT chart, the volume profile is descending, which hints at a potential trend reversal in the foreseeable future.
Furthermore, we will be watching for a confirmed breakthrough on the charts. This would involve MATIC closing above a key resistance level on increased volume, which would lend credence to the theory that an explosive price movement is on the horizon.
#POLYGON #MATIC Long-Term targets, until end of 2025#POLYGON #MATIC Long-Term targets, until end of 2025
According to Elliott's wave count indicated on the chart, the rise from 2020 to 2021 took place during a five-wave, where either wave 1 is bigger than a five-wave or wave A is bigger than a three-wave.
Considering the possibilities ahead, we can estimate the possible goals of Link until the end of 2025 as follows:
TARGET1: 8$
TARGET2: 24$
TARGTE3: 48$
TARGET4: 145$
ENTRY: 0.85-0.60$
STOPLOSS: 0.50$
Going Long Matic here to 90 Cents PlusThis looks to be good support here for Matic. I have waited patiently for entry and .74 cents looks to be as good as any with all SMAs (50,100,200 day) on the underside for support along with a significant level. Also, RSI has reached support in conjuction with the pullback here. I will be taking profits along the way and expect to be out 75% by the time we reach .95 cents, dragging my stops up along the way to ensure the trade is all profit. I expect to let the remaining 25% ride after hitting .95 cents in hopes that it may jump up and above that ascending TL which would be uber bullish for this coin.
Entry - .7424
Target - about .95
SL - currently .60 (my stops are very loose)
RRR - 1.5 (better with tighter SLs of course)
This is not fin advice. I show you the way I trade for your education and entertainment only.
Stewdamus
Poly 1D Bear Flags All around? It seems as though matic is testing a new range as investors seem to be neutral on the coin. MATIC is currently $0.1300000 (20.40%) above its 100-day moving average price of $0.610000000 with its current price of $0.740000000. Meanwhile, Polygon is $0.2400000 (-2074.50%) above its 52-week low price of $0.490000000 and -$0.82000000 (-593.98%) below its 52-week high of $1.560000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 53. -IO Information*
Just sold my MaticJust converted all of Matic to Cardano just based on potential porcentage gainz and developer activity. LFG
Polygon predictionHappy Thanksgiving to all! After not being able to stay away from TradingView today, i have made a potential prediction for Polygon. After confirming head and shoulders, flipping chart upside down I see an upside down head and shoulders potentially forming. The Red line is the earliest i see it reversing with the lower green line being lowest point of reversal. Again thank you all and Happy Thanksgiving.
This is all personal opinion. Always do your own due diligence.
MATIC a clear leaderHi,
I have mentioned several times my thoughts on matic going into the future, I think 2024/2025 we will be looking at prices above $3 quite easily.
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What is Polygon (MATIC)? Polygon is a layer 2 scaling solution on the Ethereum network. While it exists alongside the original chain, it creates a separate chain that is faster, maintains higher TPS (transactions per second), and lowers fees per transaction.
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MATIC Bull Run SoonMatic is about to break out in a bullish chart pattern.
Bull run about to start soon for MATIC.
10x is possible.
Can Polygon leave the penny Crypto area for ever❓Can MATIC break the $1 and leave the penny Crypto area for ever❓
The Renko Chart shows that Polygon is at an important support line🟩
If Polygon breaks through the trendline resistance as well a huge bullish future is ahead IMO🚀
Comments💭, Likes♥️, RT🔃 & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
MATIC Price Eyes 20% Jumps Post-$1 BreakoutImpressive Recovery: MATIC shows a strong recovery trend, nearing the significant $1 threshold.
Golden Crossover Potential: The narrowing gap between the 50D and 200D EMA indicates a possible golden crossover.
$1.20 Target: If MATIC surpasses $1, it could potentially reach $1.20, marking a 20% increase.
Market Resilience: Despite Bitcoin's struggle to break the $38,000 barrier, MATIC continues its upward trajectory.
Year-to-Date Growth: MATIC's price has grown by 26% this year, signaling a positive trend reversal.
Surge in Demand: MATIC's price has soared by 87% in the last 26 days, bouncing back strongly from the $0.50 mark.
Rounding Bottom Breakout: Price action analysis shows a rounding bottom breakout, surpassing the $0.85 supply zone.
Current Trading Price: MATIC is trading at $0.93, with a 5.80% intraday growth.
Technical Indicators: The RSI indicator is in the bullish overbought zone at 78%, and EMA trends suggest a bullish reversal.
Long-Term Prospects: Beyond $1, MATIC could challenge its 52-week high of $1.56.
Downside Risks: A reversal before hitting $1 could see MATIC drop to the $0.80 level.
Investment Consideration: The potential for a significant uptrend makes MATIC an interesting option for investors.
MATIC Currency Currency Exchange AnalysisLived in a long -term downward trend
Out of the downtrend line and three more hours this candle will be closed
I expect to go to the previous block at the time a week ago, which is priced 1.666 but before climbing this price must cross the resistance of 1.01 - 1.17 - 1.51
I am likely to be able to break this resistance too. I am optimistic
Shopping Springs and Wait for Three Months will make a good profit
MATICUSD: One more tick upwards, then correction.Polygon is cruising past the 1D MA200 on largely overbought 1D technicals (RSI = 82.582, MACD = 0.047, ADX = 72.673). We expect exhaustion to kick in near 0.87900 (Fibonacci 0.5 level) followed by a lengthy pullback to the 1D MA50. That will be the next buy opportunity, targeted at the R1 level and 0.786 Fibonacci (TP = 1.18950).
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MATICUSD with bullish flagBullish flag is one of the bullish continuation patterns. This pattern have a big success rate if we follow several rules :
BULLISH CONFIRMATION :
Trading with bullish flag needs extra patience, because this pattern need one full candle above flag resistance as bullish confirmation.
Entering the market with a hurry decision can be dangerous because if flag support breaks down, this pattern becomes invalid anymore.
In this example, we need one full candle above 0.6537 as confirmation .
INVALID BULLISH FLAG :
Consider this pattern invalid if :
1. flag support break down before bullish confirmation
2. flag channel drop and reach 1/2 pole. In this example 1/2 pole at 0.5763
If this pattern becomes invalid, forget it and try to find a new pattern to perform.
BULLISH FLAG PROFIT PROJECTION :
This pattern have a good profit projection with AB (pole) equal to CD (target). In this example our profit projection at 0.7979
BULLISH FLAG STOP LOSS :
Flag support level are also as stop loss level for this pattern. Mostly win to loss ratio for this setup are above 2
Let me know in the comment below if you have any points to add.
Can MATIC Climb Back To $1 This Year?Remarkable Recovery: MATIC price shows a strong uptrend, recently surpassing $0.75.
Double Bottom Reversal: Indicates a bullish trend with a 50% hike in the last 20 days.
Golden Crossover: A potential golden crossover in the EMAs suggests a sustained uptrend.
Volume Increase: Intraday trading volumes have spiked, supporting the bullish momentum.
Technical Indicators: Stochastic RSI near overbought territory, signaling strong buying pressure.
EMA Dynamics: The 50-day EMA trends positively, hinting at a golden crossover with the 200-day EMA.
Psychological Mark: MATIC approaches the significant $1 threshold as 2023 concludes.
YTD Recovery: Overcomes a 33% YTD drop, turning profitable post-Uptober gains.
Bullish Scenario: If MATIC sustains above $0.85, it could target the $1 mark.
Bearish Scenario: A dip below $0.75 could see MATIC fall to $0.55, testing buyer strength at $0.60.
2023 Outlook: MATIC price prediction is optimistic, with potential to top $1.
Current Trading Price: MATIC trades at $0.7633, with a 2.98% intraday growth.
Advanced Bullish DragonThis is a schematic i put together incorporating the different ideologies and methods of trading the Bullish Dragon / Double bottom pattern, and simple Elliot wave theory / Wyckoff method key points.
You've got your basic parts of the Dragon.
-Head - (top of supply line)
-Feet (double bottom)
-Spine (supply line)
-Hump (Overhead supply / double bottom confirmation level
Ive added the basic elliot wave structure underlining the different parts of the dragon including the impulsive (5 wave) and corrective (3 wave) segments.
Ive also detailed the different points within a wyckoff accumulation schematic each of these parts coincides with.
Ive included the measured move target of the double bottom, and labeled the .618 target of the dragon, and the 1.618 local extension
There are many different iterations of the dragon, and the way they bottom, but this is a common version ive seen in crypto lately, and often times despite having different bottoming methods, the measured move targets etc, are the similar or the same.
POLYGON PRICE PREDICTION 2023-2032: IS MATIC GOING PAST $1 SOON?POLYGON PRICE PREDICTION 2023-2032: IS MATIC GOING PAST $1 SOON?
Polygon Price Prediction 2023-2032
Polygon Price Prediction 2023 – up to $0.87
Polygon Price Prediction 2026 – up to $2.87
Polygon Price Prediction 2029 – up to $9.01
Polygon Price Prediction 2032 – up to $26.76
How much is MATIC worth?
Today, the price of Polygon (MATIC) stands at $0.68, experiencing a 24-hour trading volume of $133 million. The cryptocurrency has a market capitalization of $5.8 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has surged by 1.75%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.
MATIC price analysis: MATIC price faces bearish pressure in surging above $0.7
MATIC price analysis shows a bearish pattern after witnessing selling demand near the high of $0.7
Resistance for MATIC is present at $0.703
Support for MATIC/USD is present at $0.6033
Is a Breakout Imminent for MATIC?Current Market Position: MATIC price shows a strong double bottom reversal, indicating a bullish undertone.
Technical Patterns: The price faces a significant challenge at the 200-day EMA after surpassing the $0.65 level.
Potential for Uptrend: If MATIC can overcome the 200-day EMA resistance, an uptrend rally could target the $0.75 mark.
Channel Pattern Breakout: MATIC's price has been boosted by a breakout from a channel pattern, with a 30% increase in the last two weeks.
Year-End Expectations: The recovery rally positions Polygon for a potentially bullish end to 2023.
Trading Volume: A surge in trading volume accompanies the market recovery, supporting a bullish trend for MATIC.
Technical Indicators - MACD: The MACD indicator shows a narrowing bullish gap, suggesting a possible pullback.
Technical Indicators - EMA: The 50-day EMA is on the rise, hinting at a golden crossover, while the 200-day EMA presents resistance.
Intraday Trading: MATIC is trading at $0.67 with a 1.53% intraday growth, signaling a potential breakout.
Market Recovery: The overall market recovery has been a tailwind for MATIC's price, despite some underperformance earlier in the year.
Downside Risk: A reversal from the $0.65 level could see MATIC's price retract to $0.55 if the $0.60 support fails.
Market Watch: Traders are closely watching the 200-day EMA to see if MATIC can sustain its bullish momentum.
MATIC COIN I have been waiting for a chance to buy for a long time and now with the price reaching the bottom of my channel, it seems like a good time to buy to reach a new price.
Analysis and signal of MATIC CurrencyHad been successful in the uptrend and reached the resistance
I expect to go back to the unused ardler block
That is the price of 0.57
And then start the upward trend
Our Staplas is 0.64 and 0.63
Has a relatively high risk
MATICUSD Double bullish break-out.Polygon (MATICUSD) closed yesterday above the 1D MA100 (green trend-line) for the first time in 6 months. At the same time it broke above the top (Lower Highs trend-line) of the Falling Wedge pattern since February 18. The 1D RSI was already on a Higher Lows Bullish Divergence since Augst 22 so this is a technical bullish break-out for the long-term. Our target is the 1D MA200 (orange trend-line) at 0.7000.
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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.
