MATIC/USDTI have taken full profits on CRYPTOCAP:MATIC it reached my targets, I had a plan, I stuck to my plan and my cup and handle played out. good game whoever joined!
MATICUSDT trade ideas
$MATIC Price Action strategy.CRYPTOCAP:MATIC
Polygon on the 1-hour timeframe faced rejection near the 50 EMA line (colored red), favoring the bears as the price broke through the previous support and is now approaching the Optimal Trading Zone (OTZ). It is crucial to remain vigilant, set alerts, and be prepared for the price to descend into this zone. As part of my strategy, a confirmation for a double bottom pattern will be considered if the price closes inside or above the OTZ. This confirmation will serve as the trigger for initiating a CRYPTOCAP:MATIC trade.
Long Matic BINANCE:MATICUSDT
Hey, I think it is worth it to take this trade, Harmonic pattern and Wolfe Wave at the same point, and we had breakout the channel already, UNLESS BTC has different opinion.
Struggling in support 💪Major support line holder matic....
If it bounces back to above the support line, it is Matic Time...
#MATICOn the 2D time frame, there is a bullish pennant pattern that has yet to break. Keep monitoring for a breakout, and upon confirmation, anticipate a potential increase of over 200%.
MATIC USDT SPOTMatic usdt next target is 1.5500$ because it has break the level of upper trendline and also it is at good buying area of 0.7795, accumulate it before it goes up to the target and you miss it, next bull run is going to start so get in that before it started
MaticMATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside.
How do we trade this?
In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall.
Key Points
1. Bear Channel, Bias to Short.
2. Two Pushes Down, Looking for a Third!
3. The 200EMA may act as support.
4. RSI around 45, Indecisive.
5. Third leg down, small position Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Matic to fall to .69 cents. Brace yourselves!So first of all. You can't ignore that big head and shoulder. It's so beautiful. Broke the neckline then came back and retest the previous support which was strong enough to act as resistance confirmed by that big 4hr engulfing candle or you could say it's like a 3 line strike candlestick pattern it pretty much push down strongly clearing the lower timeframe low . I don't know how to share multiple charts here but if you go down to the 1hr timeframe that big engulfing candle is a 1 hr supply zone .
Yesterday I took a position just based on the 4hr candle with wide stop targeting .69 area. And today I went an added another position base the hour timeframe when price pull back to test the 1hr supply area. It was also in confluence with the 4hr fib 38.2 level . And confluence with 1hr fib 38.2 almost reaching the fib 61.8 level.
Target for the 1hr position is the low at 0.72 or a bit lower to fib -27 on 1hr tf ....or depending on how aggressive price push down if the trade work out I might just hold for longer but the reward is big so profit taking is advise on the way down.
There are more confluences on the ltf but , not being able to show the chart here might confuse people. It's also worth mentioning that the previous day candle closed forming like an evening star candle stick pattern so that's an even stronger pattern confluence.
Also I don't use trendlines really but I just drew one to highlight that it can be used in this scenario to act as additional confluence
MATIC/USDT - H&S Neckline Was Broken !MATIC/USDT is showcasing a classic bearish head and shoulders pattern
with a defined neckline that has recently been broken. As Price has had a nice breakdown, it did not have any re-tests of that same broken zone of neckline.
We are seeing a good chance of our target zone still being reached, but we might see a slight bullish movement, maybe to re-test that same neckline zone.
Swallow Team
MATIC SHORT SCALP 11/23MATIC is completing its head and shoulders. the re-test is complete. safe target bottom of the wedge. May strike deeper as the H&S target is a little lower... but no need to be greedy lol ez peezy
MATIC ANALYSIS🔮 #MATIC Analysis - Both Side Scenario 🚀🚀
💲💲 #MATIC is trading in a descending channel pattern and trying to breakout the channel but rejected from the resistance zone. We may see a rejection till its support area. But if the price of #MATIC breaks and sustain the higher price then will see a pump 📈📉
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#MATIC #Cryptocurrency #Support #Resistance #DYOR
MATIC Another Leg Down? Or Will We Bounce To The Upside?MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside.
How do we trade this?
In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall.
Key Points
1. Bear Channel, Bias to Short.
2. Two Pushes Down, Looking for a Third!
3. The 200EMA may act as support.
4. RSI around 45, Indecisive.
5. Third leg down, small position Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Time to shine again MATIC - 1.25$ again. Hello spot traders,
CRYPTOCAP:MATIC already formed and broke a cup&handle pattern as shown
My final target it is at 1.2$
looking at smaller time frame, CRYPTOCAP:MATIC seems moving sideways a bit between 0.84$ - 0.98$ midline of sideways channel 0.9125$
My stoploss will be 1d candle under 0.84$
Breaking 0.97$ with 4h candle confirmation ---> run towards 1.2$ (30% from current price)
Thank you
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MATIC: Liquidity Sweeps as Precursors to GrowthThe crypto landscape is buzzing with excitement as MATIC (Polygon) exhibits a fascinating pattern before significant upswings – the liquidity sweeps or order flow dynamics. Notably, MATIC recently executed a liquidity sweep below the 0.5 imbalance level, signaling a potential prelude to an upward move targeting $1. Let's delve into the details. 📈🔍
MATIC's Liquidity Sweeps and Growth Pattern:
Consistent Pre-Rally Behavior: MATIC has shown a consistent pattern of conducting liquidity sweeps or order flow adjustments before embarking on notable upward trends.
Recent Sweep Below 0.5 Imbalance: The most recent liquidity sweep occurred below the 0.5 imbalance level, suggesting a potential accumulation and preparation phase for a significant move.
Key Price Levels:
Sweep Confirmation: Observing the confirmation of the recent liquidity sweep below the 0.5 imbalance level, which may act as a crucial point for initiating the next bullish cycle.
Targeting $1: With the historical context of MATIC's behavior, eyes are set on a target of $1 once the liquidity sweep is confirmed, aligning with previous growth patterns.
Trading Strategy:
Confirmation and Entry: Await confirmation of the liquidity sweep and look for entry points aligned with supportive price action and volume.
Strategic Entry Points: Strategically plan entries based on the confirmed pattern, considering your risk tolerance and trading strategy.
Risk Management: Incorporate effective risk management tools, such as stop-loss orders, to navigate potential market fluctuations.
Conclusion:
MATIC's consistent pre-rally behavior, marked by liquidity sweeps, adds an intriguing layer to its trading dynamics. The recent sweep below the 0.5 imbalance level positions MATIC for a potential surge towards $1, making it a compelling asset for traders.
Wishing you successful trades as MATIC unfolds its next chapter!
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Matic new ATH?Last my TA about #Matic played out perfectly both ways.
Here is update:
as long as price stands above 0.72$ I expect the continuation of the uptrend towards to 1.28 -1.38$
Below 0.72$ we may see lows again.
MATICUSDT beautiful short opportunityBINANCE:MATICUSDT.P
Matic is looking very good for a short opportunity, exact Head and Shoulders pattern forming in 4Hr and 1Hr. Entry after the breakdown of the marked level. Book some chunks of profits at these levels' trade might take days for weeks, so be patient, keep trailing and watch out for this trade.
Polygon zkEVM to Undergo Crucial UpdatePolygon zkEVM has announced it will be undergoing a major protocol upgrade Today, November 23 as the protocol gets crucial face-lift.
Polygon zkEVM Mainnet Beta update is underway and in anticipation of the advancement, the network has released some core information for users in its ecosystem.
Polygon zkEVM Upgrade Schedule
According to layer-2 protocol, the update of Polygon zkEVM Mainnet Beta infrastructure will occur on November 23 at 13:00 UTC and it is expected to happen within 30 minutes. Markedly, there will be no interruption of the activities on the Polygon network during this time, except for when the update has been completed and the sequencer takes approximately 2 minutes to restart.
Just as with other notable upgrades in the past, no action is required from end users prior to the upgrade or even afterward. This is because no alterations have been made to the side of the Polygon zkEVM that impacts them. Only developers are required to upgrade their node, prover, and bridge to the latest versions to grasp the network’s full potential and continue to build Decentralized Applications (DApps) on the Ethereum blockchain.
The upcoming update is a pivotal move for the Polygon zkEVM as it comes with several significant changes and features. In the long run, these changes will play important roles in the zkEVM node, bridge, and prover infrastructure, including changes to RPC, sequencer, synchroniser, and databases. One other fix that would come with the zkEVM update is Web socket improvements.
Impressive Upgrade Pathway for zkEVM
Markedly, the Polygon zkEVM Beta version was first released earlier this year. This was after a funding round of $1 billion, two audits conducted by third-party organizations, and an internal audit involving 26 researchers. Sandeep Nailwal, Polygon’s co-founder explained how the zkEVM brings an extra level of innovation to the deployment of DApps.
Since then, several upgrades have been introduced into the Layer-2 scaling solution. In April, Polygon announced the addition of the Polygon PoS Bridge to the Polygon zkEVM. Another milestone is the integration of the network with other projects.
Polygon’s native token MATIC spiked 3.44% on the news and is changing hands at $0.7782 at the time of writing.
This is first Analysis for mebad az shekast 3 top , gozar az 3 EMA (20,55) position short baz kardam.
#MATIC/USDT is forming the Head & Should Pattern in 4-Hour TF!#MATIC/USDT is forming the Head & Should Pattern in 4-Hour TF!
CRYPTOCAP:MATIC breaks the neckline and I am expecting some more dump. Reclaim above the neckline will invalidate the pattern.
MATICUSDT - BullishMATICUSDT.P is forming a bullish divergence, and try to break the nick line. If its break the nick white line and retest the nick line. we can open long position on nick line.
LDO About To Mool Like MATIC MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Ive been watching this pattern develop for many months and its now finally getting close to breakout . Be aware
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
