Matic forming 4H Wyckoff Accumulation As of now i’m waiting to create a spring before executing for Long position. #TYOR #DYORMLongby ThumbsUp310
0.3840-0.5620: Important boundary rangeHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (MATICUSDT chart) (1M charts) The StochRSI indicator has entered the oversold zone and a change in slope has occurred. Accordingly, the possibility of a trend reversal in the StochRSI indicator is increasing. The key is whether the price can be maintained above 0.4010. (1W chart) On the 1W chart, the 0.559 point corresponds to an important support and resistance point. Accordingly, the key is whether the price can be maintained around 0.559 and rise. (1D chart) With the 0.3840-0.5620 range as the boundary range, we believe that anything below 0.3840 corresponds to the mid- to long-term investment period. Accordingly, if it falls below 0.3840, it is recommended to stop trading and wait for it to rise. In order to reverse the trend, the price must be maintained by rising above the MS-Signal indicator on the 1M, 1W, and 1D charts. Accordingly, the price must be maintained by rising above the M-Signal indicator corresponding to the MS-Signal indicator. (MS-Signal indicator is composed of M-Signal indicator and S-Signal indicator.) Since it has not risen above the MS-Signal indicator on the 1D chart, it has not been able to turn into a short-term upward trend. Therefore, in order to turn into a short-term uptrend, the price must rise above 0.5620 and maintain the price. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. --------------------------------- Mby readCrypto229
MATICUSD ❕ uptrendTrading volumes remain stable. The price chart has formed an ascending structure. I think that MATIC can continue the upward movement.MLongby Solldy4410
#MATIC/USDT is holding the bullish order block and bouncing from#MATIC/USDT is holding the bullish order block and bouncing from there in 4-Hour TF! EURONEXT:MATIC is trying to break the Diagonal Trendline. I am expecting a bullish momentum if it holds Previous day high as a support. The local support is PDL $0.5125. I am expecting $0.545 retest.MLongby TraderAAG1
MATICUSDT Bearish IdeaThis is an Bearish Short Sell Idea of MATICUSDT that price can fall and can go down because of Simple RSI Indicator Divergence.MShortby growmoreumc2
MATIC - Long ( 08 Oct - 15 Oct )Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions. MLongby JorgeSoteloUpdated 2210
MATIC longMATIC bounced off the lower boundary of horizontal channel. Bullish movement to resistance level at 0.57 is possible. MLongby Cryptobees_buzz10
MATICUSDT-long -1hHave a nice day. Long transaction opened in Matic currency. With small loss limit and good profit limit.MLongby arastoug2
MATIC's Market ResilienceOn October 12, 2023, MATIC is priced at $0.5090, holding strong in a shaky market. Polygon (MATIC) has caught the market's attention mainly because of its Layer 2 scaling solution for Ethereum. This has led to increased interest from institutions, new partnerships, and a positive outlook in the crypto market, propelling a 57% growth since the start of 2023. Most Probable Scenario: The technical analysis for MATIC shows mixed signals with both bullish and bearish outlooks. On one hand, the inability to reclaim the 50-day EMA has triggered a sell-off, hinting at a potential test of the crucial $0.49 support level. Additionally, a possible bearish flag pattern suggests a further decline towards the $0.50 mark. On the other hand, Elliott Wave analysis presents a bullish outlook, hinting at potential upward movement in the near term. MATIC's price behavior has shown similarities to Ethereum's past price action, suggesting a possible strong rally in 2023 if this pattern holds. Like Ethereum, MATIC's price was positively impacted by a bearish reversal on the U.S. Dollar (DXY), which could play a significant role in its future price movement. In the short term, analysts project a price of $0.54246 by October 12, 2023, and $0.745609 by October 14, 2023. However, the general sentiment is leaning towards a bullish outlook for MATIC in 2023, especially if it continues to follow a similar pattern to Ethereum. This analysis brings together a range of technical and fundamental factors that could affect MATIC's price. Continuous monitoring of market dynamics, particularly the U.S. Dollar trend and Ethereum's performance, alongside MATIC's fundamental developments, will offer a clearer understanding of its future price trajectory.Mby MonoCoinSignal11118
To Uranus after the Moon (Bitcoin Chart-Art)Venturing through the labyrinthine tapestry of blockchain architecture with a symphony of algorithmic dexterity, our lunar conquest effortlessly transitioned into a transcendental odyssey to Uranus (Bitcoin Chart-Art) Mby UnknownUnicorn3237473337
Inverse Cup and Handle - A Bearish Signal 🚫🐻There's a notable pattern emerging on the MATIC (Polygon) weekly chart that's raising eyebrows – an inverted Cup and Handle. This pattern is not to be taken lightly, as it signifies a strong bearish signal. If traders are considering short positions on this coin, they should watch for a retest of resistance and set their stop-loss orders above the pivot level. 📊 The Inverted Cup and Handle: A traditional Cup and Handle pattern is usually a bullish indicator, but when inverted, it takes on a bearish connotation. In the crypto world, this pattern is a warning sign that suggests a potential price drop. 🚫🐻 Timing the Entry: For traders looking to enter short positions on MATIC, patience is key. Wait for a retest of the resistance level before considering entry. This retest can confirm the strength of the resistance and provide a better entry point for short positions. 📉 Setting Stop-Loss: Risk management is vital in trading. If entering a short position, set your stop-loss orders above the pivot level. This strategy helps limit potential losses if the trade doesn't go as planned. 💼🛡️ Final Thoughts: The crypto market can be highly unpredictable, and technical patterns like the inverted Cup and Handle can provide valuable insights. However, it's essential to approach trading with caution and a well-thought-out strategy. Traders should also stay informed about MATIC's fundamentals and any market news that could influence its price. Bear in mind that trading in cryptocurrencies carries inherent risks, and it's essential to perform thorough research and use prudent risk management techniques. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑Mby AlexWhale665
MATIC UPTDATE - Top down analysis.MATIC setup played out nicely now I am monitoring for a potential high risk against the trend corrective move. Entry confirmations are needed and if the market does satisfy my entry rules I will be entering with reduced risk due to the bearish momentum and trend.M06:18by FOREXFIT443
MATIC Faces Rain 🌧️, Next 24 Hours Bearish Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Polygon, Ether, Cardano, and Polkadot may come under pressure. Over a one-week horizon, the bearish trend will continue to linger over the crypto universe with Bitcoin being the notable exception. Slightly bullish sun ☀️ will shine over the world’s largest cryptocurrency with a possible upside in its price over this longer time horizon, ATTMO forecasts show. Follow us for more crypto weather reports!Mby ATTMO1
MATIC/USDT 1DIntervalI invite you to review the MATIC chart. As we can see, the price dropped below the blue EMA Cross 200 line, thus returning to the strong downtrend. However, here, after marking the downtrend channel, we can notice that the price breaks out of it sideways, which may have a positive impact on it and may translate into a change in direction. When we unfold the Fib Retracement grid, we can see that the price has returned and remains in a very strong support zone that starts at $0.58 and continues up to $0.31. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that there was a strong rejection of the price from the zone from $0.74 to $0.90, but when the price breaks it, it will have an open path towards the second zone from $1.15 to $1.33. The CHOP Index indicates that the energy is gaining more and more strength. However, the STOCH and RSI indicators show a visible recovery with room for the price to drop to a lower level.Mby cryptodailyuk3
MATIC short - swing trade (update) MATIC going nicely so far. Taken some off to have some extra capital to add to possible more shorts lower - IF we confirm. Stops at breakeven so let's see where we play from here. Plan remains the same for now until proven otherwise. Looking for a run of the lows sitting at 0.50$ and 0.4325$. Clear invalidation IF we hold above 0.5815$. IF we confirm the deviation you can look to add shorts below 0.5425$. Entry market TP 0.50$ TP 0.4325$ Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.MShortby Patrick27071
Long scalp on MATIC hereTrying a long scalp on the 786 here as price action shows a nice range along the channel.MLongby Kingsman-Whiskey1
MATIC short - swing trade Opened a short on MATIC looking for a run of the lows sitting at 0.50$ and 0.4325$. Clear invalidation IF we hold above 0.5815$. IF we confirm the deviation you can look to add shorts below 0.5425$. IF we start pushing higher and hold above 0.5815$ I will look to reduce my position. Let's see what pa gives us in the coming hours and days. Entry market TP 0.50$ TP 0.4325$ SL above 0.5950$ Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form. MShortby Patrick27071
"Matic Unleashing the Potential of Layer 2 Scaling in Blockchain Riding a Bullish Wave Today Matic Network (now rebranded as Polygon) is experiencing a remarkable bullish trend today. With its robust layer 2 scaling solutions for Ethereum, Matic has become a key player in the blockchain ecosystem. Its recent surge can be attributed to growing adoption by decentralized applications (dApps) and DeFi projects seeking to alleviate Ethereum's congestion and high gas fees. Additionally, Matic's commitment to interoperability with other blockchains has garnered investor confidence. As institutional interest in the broader crypto market continues to rise, Matic's innovative approach to scaling and its expanding ecosystem position it favorably for sustained growth in the near term.MLongby DEXWireNews2
tricky but calculated riskThis setup has been quite the puzzle over the last 24 hours. Despite the bearish signals in the higher timeframes, I have a strong conviction that this is poised for an upward move. The key lies in the retest of the center of the channel, where we should receive confirmation of either a genuine higher timeframe reversal or a powerful bullish candle. Time will be the ultimate judge here. I've initiated a small position within our green box, right at the confluence of the current market structure. Tight stops, will add more to this idea shortlyMLongby beveiliging1997Updated 2
MATICUSD ❕ divergenceTD Sequential has formed a reversal signal down (30m TF) The price is working off the formed divergence. I think that MATIC will continue to decline.MShortby Solldy1118
MATIC Bullish 24-Hours and One-Week Horizon ☀️Bearish clouds ☁️ weigh on the global crypto market in the next 24 hours, signaling a downside risk. However, Cardano, Avalanche and Polygon face more lenient trading conditions, with ATTMO indicating some slightly bullish sun. ☀️ Over a one-week horizon, this slightly bullish sun is set to shine over both major cryptocurrencies – Bitcoin and Ether. ☀️ This upward trend is forecast to be even stronger for Cardano, Avalanche and Polygon. Other coins, including Litecoin, Ripple, Binance Coin, Dogecoin and Polkadot won’t profit from this sun and will continue to face slightly bearish clouds. ☁️ Follow us for more crypto weather reports! Mby ATTMO1
MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537. 💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally. 💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.Mby MyCryptoParadise2
MATIC/USDT bullish momentum? 👀 Matic Today Analysis💎 Paradisers, pay attention! We are observing an exhilarating opportunity with #MATICUSDT as it breaches the daily resistance level, gearing up for a bullish move. 💎 Upon meticulous analysis, we’ve noted that #MaticNetwork previously broke below the ascending channel and embarked on a downward trajectory. Currently, it’s unfolding two possible scenarios. 💎One possibility is it retests 0.5499 and initiates a bullish move. The second scenario is it breaks that level and establishes a downward trajectory to retest the daily support level. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights! MLongby MyCryptoParadise_SimonUpdated 8