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MATICUSDT trade ideas

Is MATICUSDT Primed for a Bullish Reversal? Key Support LevelsYello, Paradisers! #MATICUSDT is making an interesting move, raising the probability of a bullish reversal from a key support level. 💎#Polygon is showing a high probability of bullish continuation from a strong support zone. We've seen #MATIC consistently respect the descending resistance, recently break upward, and complete a retest phase. Currently, it’s respecting internal resistance and approaching support at $0.5399, raising the probability of holding momentum at this key level and planning a bullish reversal. 💎If #MATIC can successfully sustain momentum, there is a high probability it will break above the resistance at $0.5700 and make a robust bullish move, targeting levels above this resistance zone. The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level. 💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from the support at $0.5399 and loses momentum? This would clearly indicate that seller sentiment is in control, and #MATIC could drop significantly. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
MLong
by MyCryptoParadise
6
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:MATICUSDT is consolidating to break out above the symmetrical triangle on weekly timeframe. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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by CobraVanguard
MATIC| Potential Drop to Near Lows For PullbackHello there, MATICUSDT at H4, The bearish momentum is not clear below the resistance line of 0.6992; it could potentially move down to near-lows marked as (n) or lower to 0.6500 or even drop further down to 0.6073 to complete the sixth wave that follows ABC. Since we cannot tell exactly where (C) might end up or if it would lead to an extension of ABC, 0.7134 is the only area for bullish interests. The target is 0.7673 for a bias region of 0.8500. The current momentum takes up the bearish momentum in the daily time frame. Happy trading, K.
MLong
by Khiwe
Alikze »» MATIC | Elliott Triangle pattern scenarioAccording to the previous analysis, the Metic currency went through an upward movement cycle. Currently, it is in a corner pattern in the weekly time, which was able to escape from it in the specified supply area with a short-term movement cycle. 💎 Currently, it has a corrective cycle up to the green box, which has moved downwards in a three-wave step in daily time. 💎 But now it can enter an upward cycle and retest the first supply area after confirming the green box. If confirmed, the area of upward movement can continue to extend to the base of the pattern, which can be checked further. 💎 Therefore, this upward movement can be followed in the form of wave 3 or 3 larger up to the specified areas. 💎 Alternative scenario: If the green box area is broken, this correction can be a combination correction that will have the ability to reach the 0.39 range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
MLong
by alikze
MATICUSDT.1DExamining the MATIC/USDT trading chart on Binance, I can observe several critical points and trends that inform my current trading strategy. The chart presents a detailed view of MATIC's price action against USDT, highlighting various support and resistance levels over the past year. Currently, MATIC is trading at approximately $0.4944, which is close to the significant support level (S1) at $0.4121. This level is crucial because if MATIC continues to decline and breaks below this support, it could potentially signal further downward movement, possibly approaching lower levels historically tested around $0.3160. On the resistance side, the first major resistance level (R1) is at $0.6538. Overcoming this level could open up the path towards the second resistance (R2) at $0.8119. A breach above R2, sustained by high volume, could indicate a strong bullish momentum, potentially leading to further gains. The Relative Strength Index (RSI) is currently indicating a value of 35.16, which suggests that MATIC might be approaching an oversold condition. This could potentially attract buying interest if traders perceive it as undervalued in the near term. Conclusion: Given MATIC's proximity to a critical support at $0.4121, this is a key area to watch. If this level holds, it might offer a favorable buying opportunity for those looking to capitalize on potential rebounds. However, it is imperative to place a stop-loss order slightly below this support to manage risks effectively, considering the possibility of further declines. Should MATIC break above the resistance at $0.6538, it might confirm a bullish trend reversal, presenting an opportunity for traders to target higher price points up to $0.8119. As always, integrating this technical analysis with the latest market news and broader economic indicators is advisable to make informed trading decisions.
MLong
by MarsSignals
Polygon | MATIC The price of Polygon is $1.09 today with a 24hour trading volume of 444 million dollar. After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon turned down and reached the support line but it still hold the uptrend The flattening 50day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short term advantage in favor of the bears. The MATIC/USDT pair may then back to the 200day SMA 1 $ where the buyers are likely to mount a strong defense and hold the line. The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1. 30 Polygon is gaining traction in the gaming industry with a surge in daily unique active wallets last month, according to DappRadar, the layer2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month.this growth has pushed Polygon to become the second largest gaming blockchain, trailing only Wax Blockchain, which has over 314,976 daily unique active wallets. Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On Chain, which launched on Polygon’s testnet last month, has already risen to become one of the top five blockchain games in terms of on-chain DApp activity. next targets for short term are 1.15, 1.19 and 1.27$ what do you think about the price of Matic at the end of 2023? can we back to 2$?
MLong
by moonypto
3
MATIC Weekly Chart Update.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: After reaching a local high of $1.29 in March 2024, MATIC has been on a downtrend for almost 112 days. With the current market scenario, it is likely to see MATIC dropping a further 15% to 20% from the CMP. The lower support ranging between $0.316 and $0.387 holds high liquidity and presents a decent entry level for MATIC. Key Observations: ~ Lower Support/Entry: $0.387 ~ Liquidity Level: $0.316 to $0.387 ~ Resistance: $0.9860 ~ Long-term Target: $2.923 (All-time high) DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
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by Cryptorphic
1
Matic longMatics long term structure is really strong and I am confident we have hit the low on this correction. The shorter timeframes are suggesting a possible partial decline of the latest range just below the historical resistance at 75c. There is also the three valleys patter that has developed and confirmed. Here you typically wait for a break and confirmation of 75c, however we've decided to partly enter the trade now, with the plan of adding above 75c if we break and confirm it as support. The stop loss is placed below the secondary low and at the break of the shorter trend. You could make your stop loss looser if you wanted to trade the range low. If we get stopped out we will look for the opportunity to re-enter. For this cycle my long term targets are: 1. $2.61 2. $3.62 3. $4.50 These are the targets for my spot hold, I wouldn't want to see the price break 60c for this play.
MLong
by SynergyTradingSetups
MATIC - ascending triangleI clearly see an ascending triangle in the chart. It's not broken out of yet. If the breakout happens to the upside and a retest of the top of the triangle is successful, then the measured move from the ascending triangle is a little over 4 dollars. If something goes wrong however and we break down or the breakout turns out to be a fakeout, we may see MATIC make its way down to 40 cent level over time. Sentiment to me seems bullish with many believing Bitcoin will hit 85k+ in December. If this happens, MATIC 4 dollars will likely occur.
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by OptiPulse
1
#MATIC/USDT#MATIC The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in the color EUR at 0.5340 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.5500 The first target is 0.5980 The second target is 0.6307 The third goal is 0.6720
MLong
by CryptoAnalystSignal
Triangle's upper boundaryMATIC is currently trading within a tight range, establishing consistent highs and lows. The price is forming a large triangle pattern, indicating a period of consolidation. It is nearing the apex, suggesting that a significant move may be imminent. The upper boundary of the triangle acts as a crucial resistance level. Price action near this level should be closely monitored for potential breakout signals. The lower boundary of the triangle provides strong support. Any movement towards this level could be an opportunity to assess the strength of the support. A breakout above the triangle's upper boundary could lead to a significant upward move. Conversely, a breakdown below the lower boundary might result in a downward trend.
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by MonoCoinSignal