it can explodeit core fundamental is good and also it taken the lq it would a good time to invest int it
MATICUSDT trade ideas
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.
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.
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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.
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$?
Matic at Local bottom #matic/usdt
Accumulating CRYPTOCAP:MATIC at the weekly demand **zone
This is a bottom imo!
MATIC Weekly Chart Update.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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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.
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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.
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.
$MATIC may do something like this#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.
MATICUSDT 1DFalling wedge formation on the #MATIC daily chart. In case of a breakout, the targets are:
$0.6977
$0.8109
$0.9024
$0.9939
$1.0562
$1.1241
$1.2900
#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
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.
An expected scenario during the next weekWe are in a beautiful stage waiting for the event. My expectations and according to the models are that the global index is going to decline
Strong resistance level may challenge the priceFor MATIC, Breaking the $0.5800 resistance could lead to a strong upward move, while failing to break this level might result in a decline to lower support levels at $0.5592, $0.5270, and $0.5153.
Matic Trade Setup.Matic Trade Setup.
After a confirmed breakout from the trend line and green zone, we could take entry at $0.5687.
Remember stop loss is your friend. Everything is on the chart.
Entry $0.5687
S.L $0.5422
T.P 1 $0.5884
T.P 2 $0.6127
T.P 3 $0.6392
MATIC BULLISH SCENARIOseeing the current price of Matic is really good for looking a price that we will buying for , soon it will sky rocket with 600+% price hike
Matic Swing Trade IdeaSwing trade idea.
Asset: Matic
Bias: Long
Confluences:
•Fibonacci golden pocket/.786
• Loss of the value area low (likely a bullish loss of VAL-commonly mistaken as a fake out/liquidity grab
•Formation confluence (descending channel @ 4hr broadening wedge )
•Market cipher confluence on lower hourly timeframes (anchor wave confirmed on the 1hr + 30m bullish divergences.) Daily bullish divergence with 2D bull divs printing.
Entry Details:
I’ll be looking to enter on multiple drives of 3m bull divs + 6m bull divs.
Entry Zone: .5490-.5295
Stop loss: .5280
TP1: .5527 (VAL/1:1)
TP2: .5712 (POC)
TP3: .5824 (VAH)
TP4: 5973
TP5: .6290
TP6: .6807 (pVAL)
TP7: .7244 (pPOC)
TP8: .7414 (pVAH)
Concerns:
Swing Failure Pattern (SFP) is a possible. I will consider entering on a sweep of the previous wick even after getting stopped out. As long as you are risking 1-3% the win will outweigh the loss tremendously over time.
SSL HYBRID INDICTOR 12% AVERAGE MONTHSet to 4h
MATIC works best instead of btc
set 1,0 TP
set 1,5 SL
Long and short
12% AVERAGE MONTH
easy
MATIC is Approaching An Interesting ResistanceHey Traders, in today's trading session we are monitoring MATICUSDT for a selling opportunity around 0.5830 zone, MATICUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.5830 support and resistance area.
Trade safe, Joe.
MATICUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise...
Matic Is goodthe weekly chart of matic shows that the low-risk price is around 0.45 to 0.46$ and the best time for buying it is september to december of this year.the classic target is 12$ that it can reached by a year or a year and half.
MATIC NETWORK FED WILL CAUSE BIG CRASHBlackrock CIO already mentioned hours ago that FED wil hike the rates.This is panicing themarkets..and it is just the beginning. Entries and Take profit levels see on chart above
