MATIC: Respecting the resistance trendline!Over the past three years, the price has been following the resistance trendline, and recently, it tested the trendline, but it was unsuccessful in breaking through. If the price does manage to break through the trendline in the near future due to BTC going to higher highs, it is likely to move towards the blue resistance zone.
However, the price is currently heading towards the strong support zone, and the overall direction ultimately depends on where BTC goes from its current level. Hence, it is prudent to keep a close eye on BTC and its movement!
MATICUSDT trade ideas
MATICUSDT to hit weekly support zone before bounceThe price was rejected from monthly resistance MR1 and currently it is trading between monthly resistance MR1 and weekly support WS1. The price had reached MR1 zone after trading for a longer period around WS1 zone. I believe, the likelihood of the price hitting this weekly support zone WS1 is high. This will allow the price to bounce again from that zone. This bounce may allow the price to aim for the MR1 zone again.
#MATIC/USDT#MATIC
The price recently reached the first target of 0.8400, which is a moving average of 100 on
a 3-day frame
It achieved approximately 70% rise
After the descending triangle and the downtrend were broken, which opened the way for the rise
Supported by saturation on MACD
It is expected that a slight correction will occur before the rise to the second target at 1.1400 continues
Then the second target is 1.4446
This represents 300% since the downward trend was broken
Matic is getting ready to new ATHHello SSE community
As you can see #MATIC in it's USDT pair is getting ready to retest the long-term dynamic support and if it holds that gonna be good entry point into matic for bull-run
Good points as entry trigger : 0.90 , 0.86
Enjoy and lucky with your investment
Will matic surprise us again?Hello hello.
Matic chart sounds luring.
In monthly time-frame we can see 2 gorgeous things:
1-A bullish flag.
2-The long-term support.
I guess it's worth giving some thoughts to.
short MATICMATIC broke through the support level and the ascending trendline. Decline to support level at $0.91 is expected to happen.
Cryptolean Chainlink MATIC Update Polygon MATIC declined sharply to $1.01, the key daily support.
A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20.
A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89.
Intraday Chart
The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07.
A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible.
A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy.
Support once read!
Thank you.
MATIC - TIME FOR EXHAUST?The asset broke out of the symmetrical triangle pattern.
Sticking with established patterns, the initial liquidation target is forecast at 1.5642.
The identified strong support zone is between 1.1 and 0.96.
In the immediate area, the nearest resistance zone extends from 1.35 to 1.5.
A potential struggle is expected in this range, which is likely to lead to subsequent liquidation (x), followed by a local correction.
The prospects seem promising; let's remain optimistic.
Fly of maticHum,btc is on a good level and maybe let us to have a small risck on matic,I long it with a good stop,be on your plane, it's my idea and maybe false
Polygon MATIC ABC AnalysisI could be wrong but it is a possible possibility. Remember everything is still cheap
MATIC/USDT can beIt is retesting its support and a monir fall can trigger liquidity after which we can see a pump above 1.2 entry should now market price 1.1058
MATIC USDT COULD BE BETTER THAN BTC We should noted that first target is about 30 %.
THINK FIRST AND THEN DECIDE
Polygon (Maticusdt) breaking out to 1.20In a 2 hrs time chart, ready to breakout, hitting $1.20 resistance
MATIC Possible Scenario MATIC Breakdown of EMAs.
Breakdown of Support
Breakdown of Trendline
Breakdown of Volume
See you Later
$MATIC Longer Term AnalysisHere is the next project in my long term buy list: MATIC. I will be adding more MATIC on the dips to my buy zones shown on the chart: 0.7234 and below.
Here are some key facts about the MATIC coin and the Polygon ecosystem:
High Scalability Solution: Polygon provides a scaling solution for Ethereum, one of the biggest challenges in the blockchain space. It enhances transaction speeds and reduces costs significantly, making blockchain technology more practical for everyday use.
Ethereum Compatibility: Despite being a scalability solution, Polygon remains inherently compatible with Ethereum. This compatibility means that developers can easily port their existing Ethereum DApps onto Polygon without significant changes, benefiting from higher performance and lower costs.
Robust Layer 2 Network: Polygon operates as a Layer 2 network, sitting atop the Ethereum blockchain. This layer provides additional structure to process transactions off the main Ethereum chain (Layer 1), ensuring faster and more efficient transaction processing.
Support for Multiple Scaling Solutions: Polygon is not limited to a single scaling technique; it supports a variety of approaches like Plasma, zkRollups, and Optimistic Rollups. This versatility allows it to cater to different needs and use cases in the blockchain ecosystem.
Growing Ecosystem of DApps: Polygon has a rapidly growing ecosystem of decentralized applications (DApps). This range includes everything from DeFi and NFT platforms to gaming and social applications, showcasing the network's versatility and developer-friendly nature.
Decentralized Governance: Polygon employs a decentralized governance model, involving MATIC token holders in decision-making processes. This democratic approach ensures that the network evolves in alignment with the community's needs and interests.
Energy Efficiency: Compared to traditional Proof of Work (PoW) networks, Polygon's Proof of Stake (PoS) consensus mechanism is more energy-efficient, addressing environmental concerns associated with blockchain technology.
Global Adoption and Partnerships: Polygon has seen widespread adoption and has formed numerous partnerships across various industries. These collaborations span from DeFi to entertainment, indicating its broad appeal and utility.
Strong Developer Support and Tools: Polygon offers robust support and tools for developers, including easy-to-use SDKs, APIs, and frameworks. This support fosters innovation and simplifies the development of blockchain-based applications.
Commitment to Continuous Improvement: The Polygon team is committed to continuous improvement and innovation, actively working to introduce new features and enhancements that address the evolving needs of the blockchain community.
MATIC and the Polygon network stand out for their innovative approach to blockchain scalability, compatibility with Ethereum, and a strong commitment to fostering a diverse and thriving ecosystem, making them pivotal players in the blockchain and cryptocurrency space.
Matic Network💥Hello friends! Have you heard about Matic?
💻 Matic Network, now known as Polygon, is a layer 2 scaling solution for Ethereum that aims to address the scalability and usability issues of the Ethereum blockchain. It enables faster and cheaper transactions by leveraging sidechains, plasma frameworks, and the Proof of Stake (PoS) consensus mechanism.
💡 The Matic Network coin (MATIC) is the native cryptocurrency of the Matic Network. It is used for various purposes within the network, including paying for transaction fees, participating in staking, and securing the network through consensus mechanisms.
🧰 Overall, Matic Network aims to improve the scalability, security, and user experience of decentralized applications (dApps) and Ethereum-based projects by providing a scalable and efficient platform for building and deploying them.
💰 now, I see a good opportunity for mid-term investment! It may have a decent price increase! You can find entry and take-profit levels on the chart!
Confess, which coins are currently in your portfolio? I would be happy to discuss a few of them, so write in the comments!📊
Thanks for Your attention🫶
Sincerely yours Kateryna💙💛
MATIC plays by the bookWatching MATIC mostly for fun for some time. It continues to show features of distribution.
MATIC's macro chart is no good either. Some time ago I said "Sell MATIC when it pops." Same thing again. Volatile move up, sell.
TRADE ALERT ON MATIC USDT PAIRa Potential SHORT trade is ready on MATIC USDT
the trade setup is ready
we are waiting for an ENTRY signal
if price rejects here by forming a BEARISH engulfing candle we will ENTER
MATIC Long Opportunity 221%+ BreakoutCRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully.
Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip.
DYOR and bring home those gains!
⚡ MATIC Trade Setup ⚡📊 Analysis:
Market Observation: Layer 2 coins, including MATIC, have shown notable performance recently.
Current Situation: MATIC is trading near resistance without a proper breakout.
Strategy: Plan for a long position upon a breakout above the upper resistance level.
Entry Point: Enter a long spot position when the price breaks above the upper resistance level at $1.25.
Take Profit: Target the next area of resistance between $1.50 - $1.60.
Stop Loss: Set a stop loss just below the breakout level, at around $1.20, to manage risk.
🌐 Note: Monitor the breakout closely and ensure it's supported by sufficient volume and confirmation before entering the trade. Adjust your strategy based on market conditions and price action.
$MATIC Bull flag aiming for $1.44CRYPTOCAP:MATIC Bull flag aiming for $1.44
Polygon Matic is looking strong having broken convincingly above $1.25 and holding.
Do your own research. Not advice.
