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MATICUST trade ideas

#Matic 1W chart;CRYPTOCAP:MATIC 1W chart; On the weekly chart, we can see that the balance of February 2023 and March 2024 levels on the RSI side is not reflected in the price (red circles). It is now at a serious support level and it also seems to have started a bullish pattern from these levels. As long as it sticks to the stop level, it will not be a surprise to see sharp upward rises after the squeeze between it and the downtrend line it will enter. The ratio between the pattern target level is 200 However, we can consider OB-FVG regions as a profit-taking level beforehand.
MLong
by ugurtash
MATIC/USDT Daily Analysis: Fibonacci Retracement LevelsThe chart you provided is a technical analysis of BINANCE:MATICUSDT (Polygon to Tether) on a daily timeframe. The analysis utilizes Fibonacci retracement levels, a popular tool used by traders to identify potential levels of support and resistance based on historical price movements. Key Components of the Chart: 1. **Current Price**: - **MATIC/USDT Price**: The current price is highlighted as **0.4141 USDT**. 2. **Fibonacci Retracement Levels**: - **0.382 (38.2%)**: **0.6993 USDT** (TP1) - **50.0%**: **0.8121 USDT** (TP2) - **0.618 (61.8%)**: **0.9249 USDT** (TP3) - **0.786 (78.6%)**: **1.0855 USDT** (TP4) - **1.0 (100%)**: **1.29 USDT** (TP5) These levels indicate potential price targets (TP1, TP2, TP3, TP4, TP5) where MATIC might experience resistance during an upward move from the current price. 3. **Heikin Ashi Candles**: - The chart uses Heikin Ashi candles, a type of chart used to filter out market noise and better visualize the trend direction. 4. **Technical Indicators**: - **Open Price**: 0.4059 USDT - **Close Price**: 0.4028 USDT - **Change Percent**: +0.4488% - **RSI (Relative Strength Index)**: 22.0833 (indicating that the asset might be oversold) - **ATR (Average True Range)**: 0.0293 (measuring market volatility) - **Volume**: 52,625,635 USDT (shows the amount of MATIC traded) 5. **Moving Averages**: - **SMA50**: 0.5154 USDT - **SMA100**: 0.5997 USDT - **SMA200**: 0.7533 USDT - **EMA50**: 0.5207 USDT - **EMA100**: 0.5937 USDT - **EMA200**: 0.6763 USDT These simple and exponential moving averages are used to smooth out price data over specific periods (50, 100, 200 days) to help identify the overall trend direction. Analysis: - The Fibonacci levels suggest potential resistance points where MATIC might encounter selling pressure during a recovery. - The RSI indicates that the asset is currently oversold, which might suggest a potential buying opportunity if it aligns with other indicators. - The ATR shows relatively low volatility at the moment. - Moving averages are all above the current price, which generally suggests a bearish trend. Summary: If MATIC starts to recover, the chart indicates that traders might look at the Fibonacci levels (starting with 0.6993 USDT at the 38.2% retracement) as potential targets for profit-taking. The RSI's oversold condition might suggest a potential for a bounce, but traders should consider other factors and indicators before making decisions.
MLong
by CryptoFiboTrends
Polygon Pre-2025 Bull-Market Accumulation Zone & StrategyThis is so easy... How are you feeling today? I hope that you are having a wonderful day and week. MATIC (Polygon), is so easy right now. Let's do some TA (technical analysis) for this one. ➖ On the 5th of August, we have the highest bearish volume bar in years. If we compare this to June 2023 and May 2022, we can immediately start to deduce that the current market correction is reaching its end. ➖ In June 2023, after a similar drop and rise in volume, a small bounce happened followed by a long-term retest of the same low and then a major bullish wave. ➖ In May 2022, the drop and rise in bearish volume was followed by a lower low and then a strong rise (a major bullish wave). 👉 In both cases, the period after the initial increase in bearish volume, the period after the main major low, activated the "accumulation phase/zone." This is the time to load up in anticipation of a massive bullish wave. There is something quite different when we compare the August 2024 drop with previous drops; This one precedes a full-blown bull-market, while the previous two preceded small waves compared to 2021. 👉 Our projections and predictions, based on market cycles and the charts, indicate that Polygon (MATICUSDT) is set to grow massively in 2025, something similar to 2021 but better. Since we have a long-term higher low, we can expect a higher high; aka. a new All-Time High. ATH potential goes to $7.64. Strategy: Buy and hold thinking of sustained long-term growth. Now, trading for success is very simple. There is no complexity. There is only one action and one action only can be taken at a time. It is like your mind, you can only think/focus on one thing at a time; the same is true for trading. ➖ You can either buy or you can sell. Nothing more can be done. Selling is out of the question if we are considering long-term growth; if we are expecting and predicting a major bull-market, and this leaves us with one choice only; one option, buying. I can only buy. Once bought, that's it. ➖ The rest is all a waiting game. What is your life now? What do you do now for fun and entertainment? Whatever it is that you do, you can keep on doing the same. Leave your Altcoins sitting safely in your wallet while the market takes care of the rest. Once prices are high, high, high, high up... There is only one option left. There are no two choices, like your mind, just one. That one is selling and it doesn't necessarily needs to be at the top. 👉 One can sell at any level that is higher than the level used to buy the year before. My strategy: Buy throughout 2024. Sell after 8-16 months. The chart and market will give the signal for when the time to sell has come. As much as possible can be bought within the "accumulation zone," or anywhere for that matter because we know that Cryptocurrency is set to conquer the whole world. Thanks a lot for your continued support. Namaste.
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by AlanSantana
3
MATIC: Support holding strong | Expect a bounce soon#MATIC/USDT #Analysis Description --------------------------------------------------------------- + MATIC has reached a critical support zone, a level that has held strong for more than two years. The price is currently at this same support zone, and while we have yet to see a strong rebound, expectations for a bounce back remain high. + This major support zone has been a reliable foundation for over two years, consistently preventing deeper declines. + he price is once again testing this key level, and so far, the support has held firm. While a significant rebound has yet to materialize, the strength of this zone suggests that a bounce back could be imminent. + Though a strong rebound has not yet occurred, the historical resilience of this support zone indicates a high likelihood of a recovery in the near term. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.4234 Stop Loss: 0.2836 ------------------------------ Target 1: 0.5477 Target 2: 0.7841 Target 3: 0.9784 Target 4: 1.4520 Target 5: 2.5783 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
MLong
by VectorAlgo
1
Polygon Matic soon will be POL, what price ? On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place. The tokenomics should remain unchanged. Some tokens will be lost due to non-compliance with the migration instructions (purely human factor), and the supply will decrease accordingly. And in principle, they can start a global (3) wave of growth, with an intermediate goal of $1.25 for OKX:MATICUSDT , and the final $3.50 for #POLUSDT
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by P_S_trade
6
30.07.24 MATICUSDT 15 min Bearish OutlookShorting maticusdt because price has already taken out buy side liquidity via the function of gathering buy stops. I will currently be looking for confluence using the quote currency USD and movements in the DXY index which controls the strength of the US Dollar. As a result of this run on buy stops we would expect price to now move towards equilibrium or a disount price array in order to allow market participants a chance to once again purchase at fair value.
MShort
by LordBTDF
2
MATIC LONG OPPThe USD chart is a complicated chart. We have now taken liquidity from the old low but only to test the previous low OB. I think a bounce to .70 is a pretty easy trade here BUT the BTC chart is testing a major low OB and a big bounce on the BTC chart is highly likely. If it gets that bounce, we could see the USD attempt to take out the previous macro high. I could see a short squeeze take place with short expecting the LH. This is really dependent on BTC breaking out here. So, tp some at .70 but maybe hold some for serious bull run gains.
MLong
by wesheets
MATIC in Accumulation ZoneMATIC in Accumulation Zone There is not much more to tell about MATIC and the importance of its network and ecosystem. There itself is at that point where we would all like to buy when we see that its value is 1.50. It is close to taking off and it is possible that we will not see it in these latitudes for much longer. It has already left the bearish trend and is in the buying zone. Many people were waiting for MATIC in 0.5 ______________________________________________________________________________ MATIC en Zona de Acumulación No hay mucho más que contar sobre MATIC y la importancia de su red y ecosistema. Ahira mismo está en ese punto donde todos quisieramos comprar cuando vemos que su valor es de 1,50. Le falta poco para despegar y es posible que no la veamos por estas latitudes durante mucho más tiempo. Ya se ha salido de la directriz bajista y está en zona de compras. Mucha gente estaba esperando a MATIC en 0,5
MLong
by DeuXfi
MATIC looks bullishFrom where we placed the red arrow on the chart, it seems that MATIC has entered the correction phase. The correction pattern appears to be a diametric. The F wave can start from the green range. Be sure to save some profit on the first target. We are looking for buy/long positions on the green range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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by behdark
4
MATIC → Polygon Pullback to $0.35 then $0.70? Let's Answer.Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC? How do we trade this? 🤔 As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving us below the Support Zone at a low of $0.50. We now see the price finding support in this area, and it has yet to show signs of strength. It's not reasonable to enter a long here given that we lack a strong bullish candle close. We need to wait for a strong candle at this support area, but I believe it's more likely we will fall to the triangle low of around $0.31. Look for a signal and confirmation candle in this area then enter a long. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in MATIC. A final point of data is the RSI low and above the moving average of around 37.00. This indicates we are into the swing high and a long entry at this stage is warranted. 💡 Trade Idea 💡 Long Entry: $0.40 🟥 Stop Loss: $0.27 ✅ Take Profit #1: $0.53 ✅ Take Profit #2: $0.66 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two legs up toward a resistance zone in a triangle 2. Resistance met at $1.25, two legs back toward the triangle low 3. Look for a break below the triangle to the triangle low 4. Long entry justified after strong bull candle close near triangle low 5. RSI at 37.00 and below the moving average. Supports a long entry 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
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by TraderEngineering
2
A bullish setup is ripe for Matic 🎙️ Hi, Guys! 💡 My vision for Matic is quite optimistic. While many fundamental crypto projects are looking for a new bottom, a bullish setup is ripe for Matic. 💭 We have a fairly clear wave structure with the 4th wave of the Matic bullish rally represented as a contracting triangle. This is a pretty classic form for a wave 4. The correction which lasted 2 and a half years was quite effective both in time and in depth (0.382 Fibonacci). Obviously such a long-term correction should have driven “paper hands” out of the market. 🗯️ I don’t know the future but in accordance with the wave theory, it’s difficult to come up with a more correct entry point into an asset than now 😏 💬 With a positive outcome in the medium term, Matic can cost 4-5 💵 in the base scenario and up to 30 in the extra optimistic one 🤑 The cancel level of my marking is 0.4 $ 😱 The profit factor will be more than 30. I guess it’s good deal 👍 Let's try to ride the fifth wave 🌊 Shaka 🤙 BINANCE:MATICUSD BINANCE:MATICUSDT CRYPTO:MATICUSD OKX:MATICUSDT COINBASE:MATICUSDT KUCOIN:MATICUSDT
MLong
by shakatrade1_618
14