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.
MATICUSDT trade ideas
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!
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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
MATIC/USDT 1D Interval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT, on a one-day interval. Let's start by marking with blue lines the strong downtrend channel in which we are currently moving. At this point, it is worth checking the EMA Cross 200 right away, where you can see the place where the price was rejected while remaining in a strong downtrend.
Going further, we will check where the price should meet support, but for this purpose we will use the Fib Retracement and Trend based fib extension tools, after spreading the grids, we can mark a strong support zone in which the price is currently from $ 0.64 to $ 0.49 , however, when this zone is broken, we can see a drop around the second equally strong zone from $0.36 to $0.24.
Looking the other way, we see that the price has been rejected in the first resistance zone from $0.76 to $0.91, only when we exit it upside price moves towards the second zone from $1.03 to $1.16 to continue make an attack at $1.34 and then resistance at $1.56.
When we look at the CHOP index, we can see that there is still energy for the current move, on the RSI we have a rebound with room for a further downward move, but on the STOCH indicator we can see that we are approaching the lower limit again, which can stop the decline and give a sideways move .
MATIC/USDTA weekly close below this trendline could lead to further downside, approximately around 0.32.
Matic: Reversal or Trend Continuation Pattern?Matic: Reversal or Trend Continuation Pattern?
Since when BTC created the big crash on August 17 we can see that Matic began a correction process.
If we compare Matic to the other altcoins it is holding stronger and the price didn't create a new price low like many ALTs already did.
We can clearly see that 0.528 proved to be a very strong Key Support Area.
However considering that the price is still in a correction process both possibilities are still valid for the bullish and for the bearish movement.
Thank you and Good Luck!
MATIC short - swing trade Entered a short in MATIC. Tight stop for now above the current highs capping the market.
IF we reclaim the top of the range I will look to reduce my position. Overall plan is bearish and expecting 0.62 to be the last line in the sand.
0.62 is the overall invalidation.
TP 0.50
TP 0.45
TP 0.3160
SL above current highs (0.62 is the point of reference for the overall trade invalidation)
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 Ascending pattern | Horizontal ResistanceJoin us in this video as we analyze the MaticUSDT trading pair and highlight the exciting developments taking place. MaticUSDT is currently forming an ascending triangle pattern, with a horizontal resistance level at $0.89.
In this insightful analysis, we explore the potential outcomes based on different scenarios. If the resistance at $0.89 is successfully broken, we could expect the price of Matic to reach around $0.95. This breakout could signal a bullish trend and present potential buying opportunities for traders.
However, it's essential to consider the other side of the coin. If the lower trendline support, located at $0.85, is breached, it may indicate a short call, suggesting a bearish trend reversal.
Stay tuned as we delve deeper into the technical aspects, chart patterns, and key levels to watch in MaticUSDT trading. Enhance your understanding of this market and gain valuable insights for your trading strategies.
Don't miss out on this informative video that covers the analysis of MaticUSDT and provides actionable information for traders and crypto enthusiasts. Stay informed, make well-informed decisions, and navigate the dynamic world of cryptocurrency with confidence!
#MaticUSDT #CryptoTrading #TechnicalAnalysis #AscendingTriangle #ResistanceLevel
MATIC - Ranges overview MATIC is not the cleanest of charts but most definitely has some of the cleanest targets.
Trade idea is pretty simple.
IF we reclaim and hold above 0.5570 I would expect an aggressive move towards 0.60 and maybe higher.
IF we fail to reclaim and deviate expect pa to head towards the 0.50 and 0.43 liquidity.
For now sit on your hands and wait for the market to tell you its story and where it wants to go by following the prints it leaves in the market. Like a hunter waiting for his prey you do not jump out and chase it... you wait for it to come to you and execute. Trading is not so different, the only difference lies in us having multiple trade ammunitions taking the form of our liquidity and capital preserved by good risk management.
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.
