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.
MATICUSDT trade ideas
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
Matic ResistanceSpeculating the 0.7550 and 0.7950 resistance. It will be hard to brake this resistance, but its easy to reach.
Trade safely.
#Matic #MaticusdtIt is moving in a descending channel. With the failure of the neck line, this pullback can be the return to the broken structure to continue the path and the bottom of the channel of the specified support range.
📊#MATIC double bottom targets were all achieved, cautious📉🧠After all our double bottom targets were achieved, we formed a smiley bearish structure above the resistance zone. Yesterday's rise was not strong, and we did not successfully break through the resistance zone. Therefore, we believe that the probability of continuing the decline is greater than the probability of rising, so it is very reasonable to continue to fall to achieve the target of the bears. After achieving the goal, the lower buy zone is worth paying attention to.💥
Let's see👀
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
MATIC CORRECTION MOVEMENT Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
MATIC APPROACHING OUR SUPPORT AGAIN!
As we can see price is trading inside this falling channel making clean lower lows and lower highs.
Meanwhile, price is approaching a strong support zone, where we will be looking for new longs.
Moreover, and as per my trading plan, i will be waiting for a new swing high to be formed around our falling trendline then a break, if this happens, then a movement higher again would be expected.
Until that 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!
Looking For Resistance Break on MATIC For a LONG Trade. Currently looking for a bullish swing trade on MATIC's 1HR timeframe. Using the Logical Trading Indicator V.2, the BUY signal fired with a bounce from a demand zone, which is showing a possible bottom for the current down trend.
Only Time will tell though. I am looking for MATIC to break the .86 level then flip it from resistance to support. When this happens, I will start average into the trade.
I also day trade MATIC using leverage on ApolloX exchange, which is a DEX on BSC (Binance Smart Chain), but I have a stack that I like to use for spot swing trades to hedge my day trading risks.
In my personal opinion, we are done with the crypto bear market and are just working our way back up, building market structure as we go.
My little personal disclaimer...
This is definitely not financial advice... Crypto trading comes with some big risks, so make sure to do your own research and analysis! This is just what I am looking at for my own trades, so if you follow me into battle, and you lose, that means I do too. Can't be right all the time, but I do my best!
MATIC IS DOWNmatic is designed with a head shoulder, we will possibly have it visiting, at around 0.62 cents
$MATICGot on a short position that counts for 1.76 R.
I also expect a correction in the market and BTC.
MATIC HEAD & SHOULDER TRIGGERED MATIC DOES LOOK GOOD TO ME.
Matic Heaf & shoulder pattern has confirmed triggered. it can take little pull back to trend line but overall it’s heading down side.
this is NOT financial ADVICE...
NEXT STOP FOR MATIC IS 0.58 TO 0.60 AREA.
I AM EXPECTING A LITTLE BOUNCE FROM HERE THAN I LL aggressive GO SHORT TO MATIC
Matic "Head & Shoulders" pattern formationIt looks like MATIC formed a head-and-shoulders on its 4-hour chart!
A sustained candlestick close below the pattern's neckline at $0.79 could trigger a 16% correction toward $0.67. Invalidation of the bearish outlook comes with an upswing above the right shoulder at $0.86.
Altcoins bleeding (MATIC)Matic also looks like it is about to correct. The current level has a lot of support relative to other recent areas. After rejecting the .5 fib the token could fall rather harshly here. 2 EMAs are alrdy fully pointing downward and the longer term averages are coiling. RSI broke long-term trend and volume has fallen harshly. Matic could fall as low as 65 cents.
Matic - Watch out for this deeper pullbackI'm not a big fan of patterns... but this one is quite obvious, almost too obvious, but here we are.
Think we would have seen a deeper pullback on Matic nonetheless, looks topped out to me. So we might see a 20% drop coming days.
Stay safe!
MATIC buy at range lowHello traders,
during the last few days we saw price of Matic reversed from resistance around 0.93 cents. Until the price stays below this level I am expecting to see a continuation lower. If price gets to 0.56 cents, it's good area to buy with target at 0.934$.
MATIC Sellers gaining momentumIn recent market activity for the Matic token, a reversal pattern known as a "head and shoulders" formation has emerged. This pattern typically signals a potential trend reversal, indicating a shift from bullish to bearish sentiment. The formation consists of three peaks, with the middle peak (head) higher than the two surrounding peaks (shoulders). In this context, sellers are gaining momentum, and there's a growing indication of a bearish market trend.
If the hanging man confirms, you can have the price going down to the next support around 0.79
Matic Head & Shoulder Pattern - Short | Target $0.60This is matic USDT analysis. It's trying to form H&S pattern. Possible it will Drops below 0.77 and upon confirmation around the same region. Will give option to Take a short.
If you are willing to take a short.
Entry: 0.78
Target: 0.60
SL: 0.89
MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line.
In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase.
Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58.
The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
