MATICUST trade ideas
Matic LongMatic is breaking upward from consolidating triangle. Part of broader crypto bull market. Target for matic is 4.50 EOY. Good risk reward. Still use small allocation
✴️ Polygon Revisited | Long-Term Bullish Potential Revealed!I am removing my caution/precaution filters... We will have a fresh look at Polygon (MATICUSDT), the chart deserves an unbiased and updated analysis and so we zoom out and focus on the long-term.
Looking at MATICUSDT on the weekly timeframe, we can see that the current session hit the highest price level since April 2023.
Back to basics:
➖ Bear-market bottom June 2022 (low).
➖ Recovery year bottom September 2023 (higher low).
I don't know if you remember a few months back but we would go through hundreds of charts together and signals would start to repeat. Initially it was all about moving above EMA10 daily and a strong volume breakout. Then it evolved to a break of EMA50 daily as resistance, this was a big one together with the classic MACD bullish cross.
A bullish divergence with the oscillators such as RSI and MACD is another signal we looked at frequently and it helped us predict support levels and bottoms; helped us predict a trend reversal but these are not as relevant as before because we've been bullish for month. We are now looking for continuation signals such as rising channels, ascending channels, triangles, flags and... Keep reading below!
As the action continues to develop, we are now looking at it weekly and the main signal across all bullish charts is a break of EMA100 as resistance; this is present here for MATIC as well as the rest of the chart we've been looking at lately.
This is a strong development because massive, long-term growth action can only happen above this level; we are super bullish long-term and for the entirety of 2024.
The bull-run phase will happen in 2025 but still, higher highs and higher lows.
The strong target is $2.22. There are several resistance levels before reaching this price as is normal, on the way up; such as $1.33 and $1.55 but this is a wave that can take months.
👉 After $2.22 we have $2.65 and $3.33 is also possible in 2024.
A new All-Time High can push prices beyond $7.65 but it can go higher, much higher who knows but it is still early for us, so we are happy with the close targets and we will focus on the higher ones after June/July 2024.
A super-cycle as in the early days of Crypto can break all patterns and send prices off the chart.
Namaste.
MTICUSDT Analysis: Buying Perspective1. Introduction:
The MTICUSDT trading pair currently presents a potential buying opportunity, with the entry price set at 1.0727.
2. Justification for Buying:
The decision to buy is grounded in the observation that the current price is testing a former resistance, now acting as a robust support. This transition implies a bullish momentum.
3. Exit Target:
The exit target is set at 1.1881, based on the anticipation of a continuation of the upward trend. This value represents a strategic point for realizing gains.
4. Risk Management:
A prudent stop loss is established at 1.0475 to safeguard the position against potential market reversals. This measure aims to limit potential losses and maintain a disciplined approach.
5. Technical Analysis:
Technical analysis supports the bullish perspective, emphasizing the strength of support at the former resistance and the likelihood of a continued positive trend.
6. Factors to Monitor:
It is essential to monitor market developments, economic news, and global events that could influence the MTICUSDT pair.
Conclusion:
In summary, the analysis suggests a buying opportunity on MTICUSDT, with a balanced approach between potential gains and risk management. However, ongoing vigilance and adaptability to changing market conditions remain crucial.
MATICUSDTNEW UPDATE MATICUSDT
* i can see triangle wave supported by MACD indicator
* the main resistance already broke by weekly time frame
* we will see new target and higher high on matic
* this wave should be strong and fast as it's last wave after triangle
* due to the BTC's bullish power we will keep watching MATIC in new high
Matic Show Strong Path aheadHi guys i come to hare this idea of MAtic its a good investment in a 2 layer of ether with good fundamentals , its showing a strong streghtness arround 1 dolar , and look in the 1week chat a double botton pattern that can be digested in next year with some 80% of chance of reach at least 6 dolars , with fibonnaci strech to 10 dolars per unit , i would be close to the door near 7 or 8 with money in the pocket to me
MATCThe high-timeframe trend is up. If we clear the $1.10 level price could reach $1.50 very quicky. Momentum is bullish. I'm not fading this chart.
⚜️Matic showing strength might take us to higher levels soon! ⚜️Expecting to hit over 2 USD soon. Resistance or peaks forming local highs at 1.20 are expected in the way up! 1.75 if pacient
MATIC - will there be further increases?Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
MATIC - Skys the limit!Breaking out on the weekly, sitting and holding long term uptrend line.
When matic moves it moves hard and fast like a torpedo.
With ZK going live properly soon, strong team and great bear market survival I am happy to hodl this position.
Unless BTC keeps ripping and pulls more liquidity, or crashes and brings everything down
MATICUSDT.PMatic looks ready to pump, 0.95 is a super zone to buy.
1.50 is imminent..
Targets are shown on the graph.
NFA.
MATIC: Both Scenarios Are PossibleMATIC: Both Scenarios Are Possible
Considering Matic's price position, both scenarios are possible.
If the price will develop below the red zone of 1.0940, there is a higher chance of falling again.
If the price bounces above 1.0940 then it will continue with a bigger bullish move.
So for the bullish move is required confirmation.
In my opinion, it can move down with the sell-off that BTC can create during the bearish correction. The market is not stable yet.
You may watch the video for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Matic vs TetherMATICUSDT BINANCE:MATICUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
$MATIC Testing support at $.86-$.90 before blast offCRYPTOCAP:MATIC Testing support at $.86-$.90 before blast off
MATIC Wave 4 CorrectionUptrend mode is back on... this is my current count in the 4H timeframe.
The 0.93-0.95 zone should give us support to begin wave 5.
Don't expect wave 5 to go very far, since wave 3 was extended.
Polygon (MATICUSD): EXTREME Potential Long-Term Opportunity Matic presents a similar narrative to PolkaDot BINANCE:DOTUSDT . Since the low, marking our Wave (2), we find ourselves engaged in an overarching Wave (3). Currently, we're contemplating a completed Wave 1 scenario, and the path ahead entails a Flat correction for Wave 2.
This Wave 2 correction is anticipated to pivot between 50% and 78.6%. A breach beyond the 78.6% level could lead to a decline towards the $0.50 mark. If this level is breached, further downward movement may unfold, painting a bearish scenario.
Nevertheless, a positive turn within this range could pave the way for an upward journey towards $2.50. :stock_up:
We possible could never see this opportunity and price ever again. So load up your bags!
$MATIC Polygon next leg up shaping upCRYPTOCAP:MATIC Polygon next leg up shaping up
I see a bull flag on the 1 hour shaping up to target $1.14+.
Not financial advice. DYOR..
Matic 🚀It's time for Matic to break out in a daily time frame. Matic struggling to break the above resistance of $1.06 and if it can flip into support then we will see a clean breakout.
Our first expected target is $1.50 and our second target is $1.70.
As you know Matic is also Ethereum
Replica 📈🚀
But I'm not your financial advice.
DYOR
matic time to go more UP?matic is very strong blue chip and showed alot of strength in bear market , now the market is positive and btc making new highs , expecting matic to reclaim the 1.02 area so we can enter
Matic: Almost Ready To Rise AgainMatic: Almost Ready To Rise Again
From the previous analysis, Matic found a strong support area near 0.7300 as expected.
The price looks like it is close to the end of the correction and we can see a bullish move happening soon.
The targets we are looking at are realistic targets and the price tested these areas one month ago. It is possible that Matic may test 0.7673 before it moves higher again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
MATIC IS BACK - VOLUMEThank you for reading our update. Please remember that this is not advice for trading.
MATIC Looks to have a new uptrend volume
MATIC/USDT 4HInterval ChartThe last one in today's list is the MATIC chart in the USDT pair, like its predecessor on a four-hour interval. First, we will use blue lines to mark the upward trend channel in which we could observe an attempt to break the price down, but as it turned out, it was a false break after which the price returned to the channel and started dynamic growth, creating an upward trend line along which moves.
Moving on, we can move on to marking the resistance points. And here, as the first one, we have a strong resistance zone from $1.01 to $1.09, which is the place of the last price hill, and the current place of struggle, when the price breaks out of this zone, it may result in a quick move towards the resistance at $1.34.
Looking the other way, we will determine support areas and here we can determine the first support at $0.93, then the second support at $0.83, and then the third at $0.77.
After turning on the EMA Cross 10 and 30 indicator, we can see how they continue to indicate that the current uptrend is continuing.
Please look at the RSI indicator, because despite the increases, there is room for a potential further upward movement, while when you look at the STOCH indicator, you can see a movement above the upper limit, which often leads to a reduction in growth or a correction.
