MATIC/USDT Analysis BINGX:MATICUSDT.PS
After this heavy drop, we've gotten a market structre shift to the upside. Expecting price to target Buyside Liquidity next.
Would like to take an entry from those wicks below as they aline with fibo retracment levels.
MATICUSDT trade ideas
Matic short then long....For the Matic an interesting moment
Indicator showning on negative side but
They can reverse right after
Of course recent news affecting
But also chart does not looks like good.
8-12 hours short then after long possibily
MATIC Anlaysis /( Bearish Trend)After taking Sell Side Liquidity and the heavy bounce from there, expecting price to target the Buyside Side Liqudity on the other side of the curve and the reverse lower from the supply zone.
Our target is going to be this Liqudity below.
BINGX:MATICUSDT.PS
MATIC/USDT 4H analysis DUMP incomingMATIC is one of the most popular coins and is in consolidation phase, it will soon dump from 0.94 or dump after going towards 1.02. And might plummets up to 0.62 range
#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy
We Are Here Guys <3 Enjoy ;-)
This is a new update of final (( MATIC/USDT )) update: check link :
Matic #MATIC🔥🔥 Technical Analysis
Matic is for Descendig triangle, and also a triple top this could take the price of matic downward,
CRYPTOCAP:MATIC Can Take healthy correction, But the i would like to tell you that this correction would be beneficial for the holder,
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MATIC Hold 50CMATIC weekly support at $0.75, Monthly at $0.50, hold these levels and we can see above $2, alot of adaption for MATIC coming soon
$MATIC Accumulation Zone Imminent Patterns are Similar CRYPTOCAP:MATIC Accumulation Zone Imminent Patterns are Similar
Polygon MATIC price is meeting resistance at the 0.50 Fib level, also at the 50 EMA level. Looks like a rising wedge, which is 60% bearish most of the time.
See the SIMILARITY compared to the last time MATIC was rejected and re-entered accumulation zone? What comes next? Hmmm?
DYOR.
MATICUSDT Buy stopWe observe the third head and shoulders pattern on the Matic H1 chart. If the price breaks the 0.8888 level, the pattern will be confirmed. Risk-reward ratio is 1:2
matic inteligentassetbullish scenario
resistances 0.94, 1.02, 1.17
bearish scenario
supports 0.856 in 50 ema, 0.833 in 800 ema,
7.6 in 200 EMA &trend lines
$CRYPTOCAP:MATIC Moving Average 20 EMA Crossing UNDER 200 EMACRYPTOCAP:MATIC Moving Average 20 EMA Crossing 200 EMA
See the 20 EMA moving under the 200 EMA showing weakness. Lower target is $0.85.
DYOR.
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
MATICUSDTMatic is currently consolidating on a weekly basis. My opinion is that if 0.75 holds, then we are bullish towards $1.5
$MATIC Rising Wedge to Return to Major Support at $0.80 or lessCRYPTOCAP:MATIC Rising Wedge to Return to Major Support at $0.80 or less
Matic is reversing to test prior support at $0.58-$0.80. See the rising wedge pattern in a bearish reversal pattern.
Is a Rising Wedge Bullish or Bearish?
A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
DYOR.
$MATIC Final Throwback to Major Support $0.75-$0.80CRYPTOCAP:MATIC Final Throwback to Major Support $0.75-$0.80
With lower momentum and volume, MATIC appears to be headed lower to test major support between $0.70-$0.80. The moving averages are showing a change in trend to the downside for the next few days, potentially.
Is this the pre-halving cool-off CRYPTOCAP:BTC is brining to the market post-hyped ETF news? Once it completes this trip to the accumulation zone the bull run will resuming.
DYOR. Thanks.
$MATIC Wyckoff Throwback at $0.86-$0.89 Then Re-AccumulationCRYPTOCAP:MATIC Wyckoff Throwback at $0.86-$0.89 Then Re-Accumulation
MATIC Polygon has looks like a textbook Wyckoff Accumulation Breakout and Mark-up
Levels to watch are: $0.85-$0.89 in this throwback.
Next resistance is $0.96, $1.00, $1.03.
Lower support is $.8575, $0.80, $0.75.
Do your own research. Cheers!
$MATIC Throwback to $0.89 then Continuation?CRYPTOCAP:MATIC Throwback to $0.89 then Continuation?
It appears that $0.89 is holding as support after a meteoric rise for CRYPTOCAP:MATIC , the Ethereum layer 2 that does it all.
Next levels of resistance are $0.94, $1.00, $1.03.
Lower support levels are $0.85, $0.80, $0.75.
$MATIC is Challenging Resistance at $0.96 Similar to Dec 25CRYPTOCAP:MATIC is Challenging Resistance at $0.96 Similar to Dec 25
It took MATIC over 24 hours to break past the $0.96 barrier back in December 2023. It is following a similar duration today trying to break $0.96. Do you see any similarities?
The 0.5 Fibbonacci level at $0.89 has acted as support.
Deep support is $0.75, and $0.66 for scam wicks.
Price action Matic PolygonLook closely at how price moves and what constructs occur within the price action. Learn to recognize this early so you can take advantage of these price movements.
MATIC/USDT upward momentum from demand? 👀🚀MATIC Analysis💎 Paradisers, turn your attention to #MATICUSDT, currently showing a promising indication of an upward trend, having recently broken above its descending trendline and gearing up for a bullish move from a key demand zone.
💎 #POLYGON has been closely following a descending trendline, and its recent break above it has opened the door for a high probability of a bullish move. This is particularly evident from the retest at the demand zone around $0.8791, which is expected to further strengthen the bullish momentum.
💎 However, should #MATIC encounter difficulties in sustaining its position above the $0.8791 demand level, it may become necessary to revisit and modify our trading strategy. Under such circumstances, our focus would shift towards initiating a bullish movement from a lower, strategically significant support level at $0.8412.
💎 Keeping a close watch on this level is crucial, as failing to maintain it could necessitate a strategic pivot, potentially highlighting challenges in upholding a bullish market direction for #MATIC.
Matic potential downsideI understand with the BTC ETF hype and narrative pushing towards alts we could see more upside but based on technical analysis we are at some key areas.
- Potential triple top formation in the range.
- Potential head & shoulder formation
- A key descending resistance line that dates back to late 2021 and early 2023 - We have seen another rejection off the area around late December 2023 again.
Don't get me wrong I am still very bullish in this space but a healthy correction is not something we shouldn't sleep on
