Polygon (MATIC) formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair.
Previously I shared a long-term trade signal of MATIC, which produced almost 250% rally as below:
Now on a 4-hr time frame, MATIC has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MATICUSDT trade ideas
MATIC/USDT 4H Interval Review ChartJHello everyone, I invite you to review the MATIC chart on a four-hour interval. First, we will mark with blue lines the downward trend channel in which the price is currently approaching the upper limit, which may provide an indication of the price direction in the coming days.
When we look at EMA Cross 200, we can see that a break above the current channel may result in a return to the strong upward trend for MATIC.
Let's start by marking support points for the price and we can see that first we have a support zone from $0.55 to $0.49, where the price is currently holding, but if the price drops lower, the next zone is from $0.41 up to $0.35.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price has currently bounced off the resistance at $0.61, then we have the first resistance zone from $0.67 to $0.71, and then we will move towards the second zone from $0.76 to $0.83 $.
The CHOP index indicates that there is still a lot of energy for a continuation of the movement, the RSI index is back to the lower part of the range, while the STOCH indicator indicates that MATIC has been oversold, which may affect the side trend or price rebound.
MATICUSD ❕ upward channelMATIC has fixed above 50EMA on the 4H TF.
RSI is near neutral values.
TD Sequential formed an upward reversal signal on 1H TF.
I believe that the price will continue to rise if it holds the channel.
#MATIC low time frame short set - upClosing below 0.5466$ price level with 1H TF will lead the coin lower: 0.5366 - 0.5288$ (can be even lower, HTF chart is still valid you can check it)
Closing above 0.5576$ with 1H candle, means we will be able to see the coin at 0.5666 - 0.5785$ price levels and possible higher.
MaticUsdt 01this is my Idea about Matic.
Divergence between price and RSI.
If the channel breaks we reach to 1st and 2nd Target.
BINANCE:MATICUSDT
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) was also trading higher in today’s session, with price climbing for a fourth straight day.
MATIC/USD peaked at 0.5634 on Tuesday, which comes following a low of 0.5406 to start the week.
As a result of the move, the polygon climbed to its most vital point since last Thursday, when the price reached a high of 0.5885.
with this current uptrend, it appears that MATIC could be heading towards a key resistance point of 0.6000.
the RSI, which is tracking at 40.08, will first need to move past an upcoming ceiling at the 41.00 level.
Hit the like button if you like it and share your charts in the comments section.
Thank you
MATIC short - swing trade We got stopped on our previous MATIC short but the trade idea remains the same.
Have re-opened some positions on it and will look to add the remainder around 0.5425$. Stops currently sitting above the current highs.
Plan remains the same as previously. Let's see what pa give us.
TP 0.50$
TP 0.45$
TP 0.32$
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.
MATIC coin is on the long list with a level of 0.5698Hello everyone!!!
AIHermes today identified a MATIC coin on the long list with a level of 0.5698
The stop is short.
We see a long accumulation and a gorgeous squeeze!
1st target 0.5945
Trade with us, trade better than us!
Today:
16 coins on the long list
10 coins on the short list.
Coins on the short side.
The full list of coins is delivered by our bot every day at 9.00 am
✴️ Polygon Volume Signal With PatiencePoloniex is one of the old exchanges, volume tends to be low.
Volume is mostly low all across when the market is slow but tends to shoot up when a major wave is approaching.
This is the volume signal.
We can see MATICUSDT (Polygon) producing really high volume on a exchange with no volume, after early August, a month ago. This tells us that the action is getting started.
Now we can see how the volume changed from red to green... That's all we need to predict a price increase.
Matching this with what we are seeing all across the Altcoins market, we are sure to get it right, we are sure to win... With patience, because patience is they key.
Namaste.
MATIC - 🚨 Attention sign!Hello friends!
Look at this analysis in MATIC:
We see Matic's weekly chart and its large drift from the all-time high.
Purple line:
Note that this line serves as an important support in this sideways process of Matic. However, it was lost the week of August 28th.
See the red signal on the chart, showing the rejection that occurred in an attempt to remain above this Trend Line.
This rejection could be the strong trigger for further declines, which would lead MATIC to test the orange line.
Orange Line:
This line understands to be the 0.382% fibonacci level and clearly a support that has been triggered a few times. If this occurs, Matic could experience a -30% devaluation.
Another important point is the zone of 50 and 0.618% fibonacci, located between 0.19$ - 0.09$.
Bullish bias:
The bullish bias would only be confirmed if there is confirmation of buying volume and prices are trading again above $0.70, resuming the uptrend and breaking a bear wedge that you can see on the chart.
Nothing can be ruled out.
Hope you enjoyed this review!
Leave the boost and follow me on Trading View!
MATIC PRINTING HH & HLMATIC AFTER BEARISH TREND PRINTED DIVERGENCE AND NOW PRINTING HH & HL So We took entry through FIB 0.382 level by Buy Limit Order.
MATICUSDTMaticusdt support and resistance play if matic cross second support we will enter in it to ride
sell maticIt will climb up to the 0.58 area and experience a deep fall from the area up to 0.39.
But after that, in my opinion, it is the best opportunity to buy and accumulate evolutions.
MATICUSDT Analysis: Is a Double Bottom in the Making?Introduction
Cryptocurrency markets are known for their rapid price movements and pattern formations, and MATICUSDT is no exception. At its current price of approximately 0.546 USDT, MATIC appears to be hinting at a potential double bottom pattern, which could be a significant development for traders and investors. In this analysis, we will delve into the details of this pattern and discuss potential price targets, all while keeping a watchful eye on the Bitcoin market, which continues to lead the way. Additionally, we'll take a look at the economic events calendar for the week to assess any potential market-moving influences.
Double Bottom Pattern on MATICUSDT
A double bottom is a bullish reversal pattern that often signals a potential trend change. It forms after a significant downtrend and consists of two distinct troughs at roughly the same price level, separated by a peak (the neckline). The pattern is considered confirmed when the price breaks above the neckline, which serves as a resistance-turned-support level.
Currently trading around 0.546 USDT, MATIC appears to be carving out the first trough of a potential double bottom. To confirm this pattern, we'll need to see the price decline to form a second trough in a similar price range. The neckline would be drawn through the peak that separates the two troughs.
Potential Price Targets
If the double bottom on MATICUSDT materializes and the price breaks above the neckline, traders often use a measured move technique to estimate potential price targets. This involves measuring the distance between the neckline and the lowest point of the pattern (the lowest trough) and then adding that distance to the neckline's breakout point.
In this case, if the pattern confirms and the price breaches the neckline, the potential target range could be between 0.658 to 0.666 USDT. However, it's important to note that patterns in the cryptocurrency market can be subject to rapid changes, so careful monitoring and risk management are crucial.
Bitcoin's Influence
While MATICUSDT is showing promising signs of a double bottom, it's essential to remember that Bitcoin continues to be the market leader and can significantly impact the entire crypto space. Bitcoin's price movements often dictate sentiment and trends in the broader cryptocurrency market, including MATIC.
Given this, it's advisable to keep a close watch on Bitcoin's price and any major developments in the Bitcoin market. Any sudden shifts in Bitcoin's direction could influence MATIC and other altcoins.
Economic Events Calendar
As we navigate the cryptocurrency market, it's worth noting that this week lacks major market-moving economic events. In the absence of significant external factors, technical analysis and pattern recognition become even more critical in shaping trading decisions.
Conclusion
MATICUSDT is currently hinting at the formation of a potential double bottom pattern, which, if confirmed, could lead to a bullish trend reversal with price targets in the range of 0.658 to 0.666 USDT. However, it's vital to exercise caution, as cryptocurrency markets can be volatile and subject to sudden changes.
Additionally, the influence of Bitcoin remains a key factor to monitor, as its movements can have a cascading effect on the entire crypto space. While this week lacks major economic events, keeping a close eye on market developments is essential for informed and prudent trading decisions.
As always, risk management, thorough analysis, and staying informed about market dynamics are essential components of successful cryptocurrency trading. Happy trading, and may your decisions be profitable!
MATIC short - swing trade Entered a short on MATIC looking for 0.3200$ with some of the profits taken from the APE short.
Invalidation is clear and we are expecting BTC to weaken and drop soon - hence the rest of the market should follow accordingly.
Plan is clear and we should have a strong push down in my opinion. We have failed to create new highs and price has been consolidating and trapping the bulls.
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.
My Short idea on maticusdt.p I expect matic to clear those lows ,
My entry was blue line -
Stoploss red line above
Targets are grey
You can always find low time frame short opportunities
