📈MATIC Analysis: Key Support Area⚡️🔍Today, our focus is on MATIC, which finds itself on a significant support level in the 4-hour timeframe, presenting a vital opportunity for its progress path.
☢️Following the Iran-Israel conflict news, the entire market experienced sharp declines, leading to a more rational market condition. The previous sharp wave corrected to the 0.382 Fibonacci level, and currently, with the breach of $0.6449, we could anticipate another downward movement.
📊Red candle volumes continue to surpass green candles, confirming the downtrend. Additionally, the SMA25 indicator approaching the price could potentially drive it downwards, serving as validation for the continuation of the trend. If SMA25 fails to exert downward pressure, the market may enter a range until SMA99 aligns with the price.
📉The short trigger lies at $0.6449, coinciding with the support breach, validating the Fibonacci continuation level as a good entry point. Simultaneously, if the RSI closes below 34.25, it further confirms the entry, providing additional confidence.
📈For long positions, a trigger at $0.7491 could be suitable, requiring at least one price reaction to establish a higher low. In such a scenario, the price has returned from the 0.382 level but failed to breach the main support, indicating seller exhaustion.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
MATICUSDT trade ideas
MATIC at 0.886 Fib spot buying zone! 🌐 Potential for 3x gains "🔍 MATIC is currently at a critical level, sitting at the 0.886 Fibonacci retracement zone, a historically strong support area. 📊 This level often indicates a reversal point in the price action. 🔄 Additionally, we're seeing promising signs of accumulation, suggesting strong buying interest.
💡 For traders looking to capitalize on this setup, spot buying at this zone could be strategic. 🎯 With the potential for a 3x increase in value, there's a clear opportunity for significant gains. 🚀
🔥 As always, it's crucial to consider risk management strategies, such as setting stop losses to protect against unexpected market moves. 💪 Stay tuned for potential breakout targets and updates! 💼 #MATIC #Crypto"
MATICUSDTMATICUSDT
i can see triangle on wave 4 the main wave
we are in last wave 5
you can enter the market exactly with given signal with risk management
MATIC - Good or Evil?I don't have a position in MATIC although I might have one soon. It is just interesting to me as a chart.
Bearish argument: It's a really wicked redistribution.
Bullish argument: It's something like a bullish rectangle.
MATICUSDTWe will attempt to buy MATICUSDT at breakout of LH by placing buy stop (also HL , Bullish divergence occur indicate that it will move upward).
SL , TP mention in chart.
MATIC/USDT buy Possible buy
Matic / usdt ....
Good pump from weekly imb/fvg
Very good confirmation of 1h and 2h
10% profit target is possible from here .....
MATICUSDT 1DWe have a bullish Megaphone pattern on the #MATIC daily chart, which is promising. If you want to enter this setup, use stop-loss. Because Bitcoin can ruin the party at any moment. Targets are:
$0.8307
$0.9169
$0.9866
$1.0562
$1.1554
$1.2818
$1.4424
$1.5263
MATICUSDT Elliott Waves (Inestment Idea)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Almost nothing has changed from my last idea, price went by alternative option, continuation of growth is relevant.
Targets: 3 - 5 - 9
Main(investment) target zone: 9 - 12$
Cancellation of setup - decreasing under ~0.5
It's not financial advice.
DYOR!
MATIC IS READY FOR FIFTH ROUND OF BULLISH WAVEMATIC might have been completed 4th wave of downtrend inside triangle pattern. We need the price to stay above 0.52 level in order to be bullish. Soon it is expected to catch bullish momentum once BTC melting stops.
MATIC - Ranges overview We are currently trading below the lows of the HTF range (red lines) on MATIC.
Let's see IF BTC hold its lows and manages to hold the overall crypto market.
IF we fail to hold these levels on MATIC we should hunt the sellside liquidity resting around 0.4000$
IF we hold these levels expect us to aggressively run the buyside liquidity.
Don't try and FRONT RUN THE MARKET
LET THE MARKET SHOW YOU ITS HAND AND REACT TO IT
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
MATIC X2 PotentialMatic has been in the bull cycle from 2021 and so a correction this massive was expected. Good entry point is 0.5 as that is the resistance on the Day time frame using the Fibonacci sequence.
Just bought into MATIC during the dip for my long-term portfolioJust bought into Matic during the dip for my long-term spot portfolio. Excited to see where this gem takes us! 💎
Analyzing MATIC: Identifying Long-Term Entry Points at $0.75As a quantitative analyst and algorithmic trader, I am currently crafting a spot portfolio aimed at achieving over 100% profit in the crypto market.
My algorithmic trading approach operates within a cloud-based system featuring two distinct edges tailored to capture different market trends: the medium-term edge, situated closer to the current market price, and the long-term edge, positioned further away.
When the medium-term edge surpasses the long-term one, signaling an upward trend, the cloud indicator shifts to green. Conversely, if the medium-term trend falls below the long-term one, indicating a downward trend, the cloud transitions to yellow.
According to my personal strategy, targeting the sharp edges of the cloud presents favorable retracement opportunities, prompting me to become a long-term Metic buyer at these points.
Please be advised that any market analysis presented herein is solely for informational purposes and should not be interpreted as financial advice or a trading signal.
MATIC - A Beautiful Rising ABC Jumping Though The CreekCRYPTOCAP:MATIC
From the bottom we've watched a Wyckoff Accumulation jump the creek and stair step through a 5 Elliot's Wave and print a rising ABC flag, while coiling on support and showing a SOS at the LPS all while printing a large daily bullish OBV divergence.
Matic has always been a slingshot play, this lag in PA is exactly what was needed to shakeout the weak prior to vertical IMO
#maticusdtThis is my opinion regarding this currency, according to the failure of the long-term trend line and the existing support.
entry : /8066
tp1:1.8
MATIC long hereHi Im taking Matic here - monhtly deviation hasnt been confirmed (yet) thus smaller position and will cut fast if it goes against me...
fresh breakoutMatic has been stuck in a triangle since 2021. now in 2024 we have a FRESH breakout + retest.
check. and check.
Bullish if we can hold above triangle for the rest of the month.
Monthly candles have a very interesting higher low as well.
Matic Fractals : Range => Shakeout => PUMP !!!MATIC has been exhibiting a peculiar pattern on the daily timeframe. The price has been accumulating lows twice now, followed by a sharp shakeout of those lows (liquidity grab), which then triggers a pump. This article will focus on the idea that history repeats itself in the market and how we can capitalize on this by identifying these patterns.
The accumulation and shakeout:
MATIC formed clear patterns of accumulation. In both cases, the price consolidated within a range for a few days, creating a cluster of lows. This was followed by a sharp downward movement, shaking out weak hands and stop-loss orders, which is a common market manipulation tactic known as a "liquidity grab."
The pump:
After the shakeout, MATIC bulls stepped in and started buying, resulting in a strong bullish rally. In the first instance, the price rallied from $0.80 to $1.20, a 50% increase. In the second instance, the price rallied from $1.00 to $1.60, a 60% increase.
History repeats itself:
The saying "history repeats itself" is often used in the financial markets, and this is a perfect example. MATIC has shown us a clear pattern of accumulation, shakeout, and pump twice in the past. It is reasonable to expect that this pattern could repeat itself in the future.
The opportunity:
The current price of MATIC is sitting at a critical support level. If the price breaks down below this level, it could invalidate the bullish thesis. However, if the price holds and starts to accumulate lows again, we could see a similar bullish rally to the ones we have seen in the past.
The trade:
If you believe that history will repeat itself, you could enter a long trade on MATIC once the price confirms a breakout above the current resistance level. A stop-loss order could be placed below the support level to mitigate risk.
Conclusion:
The MATIC chart shows a bullish pattern. The price has been accumulating lows and shaking out weak hands. This has happened twice in the past, and both times it was followed by a strong bullish rally. If history repeats itself, we could see a similar rally in the near future. However, traders should always do their own research and manage their risk accordingly.
Polygon (MATICUSD): Time To Blow Expectations!Polygon (MATICUSD): BINANCE:MATICUSDT
For Matic, it is now assumed that we have developed the first Wave (a) around our 50% level at just under 90 cents. Now, we're working on developing Wave (b), which is currently at the 138% level and at the end of our resistance zone. This zone has been significant in several instances, holding up so far, and indications suggest it continues to hold. If we surpass this 138% level, it would imply that our limit order, or rather Wave ((ii)), has been reached, concluding this phase and entering Wave ((iii)). If this doesn't happen, we continue to expect a sell-off down to the 50% level, and at most to the 78.6% level.
MATIC/USDT assessing key support? 👀🚀Polygon analysis💎 Paradisers, pay close attention to #MATICUSDT. It’s currently displaying a promising sign of an upward trend, having recently broken above its descending trendline. This sets the stage for a potential bullish move
💎 Historically, #POLYGON has adhered to a descending channel pattern, consistently showing lower lows and lower highs. At present, it’s positioned at a crucial support level of $0.9296. If the price maintains its momentum here, we’re on the brink of a significant bullish surge.
💎 As prudent traders, we must be prepared for various outcomes. While a bullish rebound from a lower support level at $0.8335 remains a possibility, dipping below this level could trigger a marked bearish downturn.
💎 Keep your strategies versatile and your decisions well-informed, Ladies and Gentlemen of ParadiseClub. Your ParadiseTeam is diligently monitoring the market to navigate these opportunities effectively
MyCryptoParadise
iFeel the success🌴
#MATIC/USDT#MATIC
The price is moving in a downward channel on a 4-hour frame and we have a green support area at the 1.00 level
We have a higher stability moving average of 100
We have a good bounce being set up from the lower border of the channel
The RSI indicator has a downtrend that is about to break higher
Entry price 1.08
The first goal is 1.12
The second goal is 1.20
Third goal 1.29
