Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders.
In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
MATICUSDT trade ideas
LONG $MATIC: DAILY and a possible WXY formation ended/ingLONG BINANCE:MATICUSDT.P
My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction.
Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns.
I spot three ossible ABC´s within the WXY-
Target area for Y wave has been hit at $0.7713 , and may still go a little further towards $0.6704, but needs not to as we have a full pattern.
Said development would align with the expected ending of Bitcoin´s own correction which "could" finish some place between $37.800 and $35.460 (bearish view) or could have bottomed in this last swing low at $38.540 (I find it less likely but yet possible).
In a word:
LONG MATIC from here up until at least $0.9345 and then... we shall see ;).
Possible Head and Shoulders on MaticLooking at the Daily chart I noticed there is some bearish activity on Matic. There is a possible head and shoulders move playing out to the downside. If the Neckline gets broken, there will be even further downside. If the right shoulder becomes support, this head and shoulders move will be invalidated. MEXC:MATICUSDT.P
Bitcoin Quick Update - 26 March 2024Hello Traders,
Checkout this quick update on Bitcoin and Alt coins. And if you like our analysis then do not forget to boost your analysis and follow us
MATICUSDTthere is two option if you want invest short or long think about it and make your decision
Good luck !
MATIC is at good time to buy and holdMATIC is at good time to buy and hold
🔵Entry Zone 1.0530
🔴SL 0.5854
🟢TP1 5.34
🟢TP2 5.80
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Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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MATIC/USDT | 1W 👀1. The coin looks great, and I'm not in a hurry to take profits.
2. I believe that the price may dip a bit from here, but overall, it's okay to slowly start adding to the portfolio if it drops to around $0.9.
3. From an investment perspective, I won't sell CRYPTOCAP:MATIC for less than $8
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Polygon. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Polygon #Investment #MATIC
Cryptolean Polygon MATIC UpdatePolygon MATIC declined into the daily range zone between $0.89 and $1.01 where we will continue to observe a slow and choppy price action.
A bullish break-out of $1.01 will result in a move to re-test $1.14-$1.20.
A bearish rejection of $1.01 will push MATIC price in the key daily support at $0.89.
And, a bearish break-out of $0.89 and a sustained price action below this support will make bears active towards $0.75.
MATIC waiting for buy signalI am not burying the world of altcoins yet. A buy signal is expected at the bottom of the trend. We have to wait and then there is a good chance of growth.
$MATIC $1 Easy. $1.34 even easierYou forgot about Matic? Well, Matic forgot about you. This chain is so robust, so multilayered and always ahead of the narratives. After abusing the order books for a while I got a heavy bag for short-mid-long term offloads. After a day of indecision (doji) we just printed a decision candle showing us the way. No business to be had with $0.79 anymore so off to $1 and from there to $1.34 there's a void that will easily teleport it.
MATIC Polygon Potential Retracement SoonIf you haven`t bought MATIC before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.92- $0.98 range!
MATIC BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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MATIC BULLS TO TAKE OVER. 📚
👉As we can see price approached our massive support zone, where we will be looking for new longs on Matic.
👉Meanwhile, as we can see price is still bearish making clean lower lows and lower highs, and for the bulls to kick in we need a break above the marked major swing high, then a movement higher would be expected.
Until that happens price is still overall bearish and can still trade lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
$MATIC BULL RUN ROADMAP Toward $15CRYPTOCAP:MATIC BULL RUN ROADMAP
1⃣ #MATIC Forming Bullish Pennant In HTF
2⃣ 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout
3⃣ If MATIC/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target
4⃣ I am Bullish in #POLYGON for Long Run
5⃣ If Market Crash then Best Accumulation Zone will be $0.60-$0.70
MATIC to the MoonPolygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
To learn more about this project, check out our deep dive of Polygon Matic.
MATICUSDT.PHello Trader BINANCE:MATICUSDT.P
the green line is the weekly area for this matic pair, because of the confirmation of the weekly area bounce, the benchmark for taking small time frame scalping areas in 1 hour.
after the yellow beak line it can be a benchmark for a small support area. can be limited to the area, it is possible to retest again because it is possible to go up after the bitcoin correction.
take profit 17%
stop loss 4%
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Disclamer: Not Financial Advice
ADAM & EVE DOUBLE BOTTOM 🔥🔥🔥🔥🔥
Spicy W formation on the weekly.
Gotta be patient with this one and hope it does not reject of $1.30 again
$MATIC IS READY TO BREAK OUTBe aware we can still have drawbacks in price but after breaking out we look amazing
matic pt.2 🍒last post from 2022:
---
dear anon,
i write to you from a triangle which i am currently trapped in.
my name is matic, and i'ma hit 10 cents within the next year.
---
they call me a sharp zig-zag,
which is sub-divided into a 5-3-5,
with a triangle for the b wave.
the triangle is not yet visible,
but it will be as the months progress.
i'm invalid if i sweep the all time high,
in which case, i will speak again.
🍒
Maticusdt{ Beast released here}I will swing my position here..matic is still great project and soon will explode .one of my bigger portfolia.. stay patience .
Matic Network I believe the yellow line marks the end of this downward movement, indicating the beginning of a new short-term uptrend within the broader upward trend
