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MATICUSDT trade ideas

MATIC is Ready For an Explosive Bullish Move 🚀| MATIC Analysis💎 Paradisers, stay alert! MATIC/USDT is currently traversing a demand zone, and we are holding a positive outlook for a potential upward journey. 💎 In the past few days, its movement has been restricted to a specific range. It previously faced resistance at the bearish order block, close to the $0.52 level. 💎 Given its ongoing upward momentum, MATIC appears ready to challenge this level once more. 💎 Keep a close eye on the supply zone and the bearish order block discerned on longer time frames; these are probable targets in the short term for Polygon. 💎 However, if the MATIC falls below the demand zone and vital support, be ready for a potential downward shift. 💎 Stay vigilant and keep an ear out for more insights! 🌴
MLong
by MyCryptoParadise_Simon
2
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. ---------------------------------
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by readCrypto
2
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.
M
by MonoCoinSignal
11
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🔑
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by AlexWhale
6
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!
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by ATTMO
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 $1.33. The CHOP Index indicates that the energy is gaining more and more strength. However, the STOCH and RSI indicators show a visible recovery with room for the price to drop to a lower level.
M
by cryptodailyuk
MATIC short - swing trade (update) MATIC going nicely so far. Taken some off to have some extra capital to add to possible more shorts lower - IF we confirm. Stops at breakeven so let's see where we play from here. Plan remains the same for now until proven otherwise. Looking for a run of the lows sitting at 0.50$ 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.
MShort
by Patrick2707
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.
MShort
by Patrick2707