$MATIC looks bearish for the long term$MATIC looks bearish for the long term 📉💸 #cryptocurrency #analysis #MATIC
MTCUSD trade ideas
Trade Alert - Long MaticTraders,
I'm OoO and operating completely from my mobile phone rn. But couldn't help but spot this beautiful bull Flag on matic which has exited to the top side of a descending tl and after touching our 100 day ma. I'm hoping to hold this trade to the 50 day (currently $1.19) and to a level above that at $1.32
Stew
MATIC - My long term roadmap
In my primary count, I´m considering Matic´s bottom was defined last year, and we are now in an impulse to the upside.
This scenario invalidates at 0.747.
The bearish argument would be that the upside movement is a bear flag, but price action still hasn´t given us indications towards this.
#MATICUSD - A Small Decline to Lower Bounds of TriangleAfter a test and rejection off upper bounds of a descending trend line we've received a Sell signal from Crypto Tipster v2.
There's a nice level at around a 20% drop from the current price which has previous shown as Support/Resistance.
This coincides with an ascending trend line nicely which is our target!
What Do You Think?
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theCrypster
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Polygon Is Becoming An EllipsePolygon is going to fall to the blue line, fire sale baby, should buy there. My guess is it'll occur with Shanghai. :)
$matic weekend long setupactually long matic here from the divergence at the bottom of the channel.
think markets range over the weekend. plenty of scalp opportunities.
planning to tp around $1.16 and assess from there.
MATIC As we can see, MATIC needs a bit of fall before going up in the Long Trading Volume.
All patterns show similarity, so the up trend is the case.
You may open a position but have to wait for a -10% to drop first.
If you set up the base line you will see that it has to drop a bit more, below the EMA to continue the first patters of Fib. Circles, but
it is a Long position.
Good luck!!
Long Term MATICUSD ProjectionsPossible long term projections of MATIC price based on trendlines and several macroeconomic scenarios. Expect a bear run if MATIC ecosystem suffers massive FUD.
Personally I'm bullish.
Obviously it wouldn't go negative in a catastrophe this is just what would happen if it went to 0. Lol
Matic/USD, I will buy MATIC at $0.2!Greetings everyone! It's great to be back with another analysis. Today, I'd like to share my thoughts on the Matic/USD market. In my opinion, the current rally of Matic is presenting us with a favorable opportunity to establish a short position. The supply or resistance level is reportedly above $1.4, and as a result, I recommend short selling Matic at a price range of $1.4 to $1.5.
In terms of spot trading, I advise against purchasing Matic until its value reaches the range of $0.19 to $0.2. It is important to always perform due diligence and exercise caution when making investment decisions. Stay safe and be sure to do your own research.
Matic's latest analysisMatic is in an adjustment channel.
At present, there is still room for a callback.
You can buy when you call back to the lower support range.
Follow me and I will take you to realize the freedom of wealth
MATIC (Polygon): new investment opportunity?MATIC token, native crypto in the Polygon ecosystem, appears to be about to reach a very interesting technical level from an operational perspective.
MATIC/USD: technical analysis
The most interesting project of the moment is undoubtedly Polygon (MATIC), one of the most widely used networks by industry users and large technology players. The MATIC/USD cryptocurrency cross since July 2022 has been maintaining a sideways bullish trend overall despite the fact that the sector faced terrible declines last year. From a technical point of view, therefore, it presents a very interesting structure, especially if we take the 14-period RSI on a daily timeframe as our investment compass. In fact, since July 2022 every time the value of the indicator has reached the 40-point threshold the trend of the MATIC/USD crypto cross has reversed course returning to record new highs.
MATIC/USD: operational cue
According to some of our traders, it could therefore be interesting to monitor the trend of the MATIC token near the $1 numeral, a very sensitive technical level for cryptocurrency cross traders. Whales might in fact find interesting an increase in volumes that could occur near this level so as to be able to smoothly increase their positions in favor of MATIC.
MATICUSDWhat is MATIC Crypto?
Polygon (MATIC) is a cryptocurrency and a technology platform that was launched to connect and grow Ethereum-compatible projects and blockchains. MATIC tokens are used to govern and secure the Polygon network and pay transaction fees and investors can buy MATIC tokens on exchanges such as Coin base or Kraken.
Polygon made first Fire work in 2023 Today at FX closing market
over all we are in very big bull chain system i can see as per my own Wave count (no copy from any dictionary - Book )
We need al little bit push back around 0.92337 area For those who want big return should hold target intact 1.1900-1.4500---2.00000 Be patient for the target
If you like my idea support please
Regards,
MATIC IF impulsive...then a new ATH is next up on the menu.
Since major 2.618 (1.009) has been triggered, final wave is expected to push at least to major 3.168 ($6.97) or beyond major 4.236 ($23.01).
So a final target would be
- local 4.236 with nice confluence of major 3.618: IF this impulse fails to move to local 4.236
- local 8.236 beyond major 4.236 ($73.90): IF this impulse goes straight to local 4.236
a break below recent low ($.775) would invalidate the current impulse and correction could expand downwards
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MATIC bullishMatic is currently going in a volatile downward trend.
Once this trend is broken,
there will be a good pullback with good news later on.
Follow me and I will take you to realize wealth freedom
Could MATIC Repeat History and Hit $100?Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!
MATIC on important decision level..Unless we got a monthly closed above $1.570, MATIC would go below $0.350. any Elliot wave practitioner would assume the move from $0.350 low to recent high of $1.567 is a simple zigzag correction A.B.C unless the recent high of 1.567 is broken again and monthly candle would be able to closed above the level.
MATIC Alt Coin - Accumulating Updated TAUpdated Tech Analysis - Bull Flag
Looking for a pullback to get into this run. Polygon is the best blockchain in Web3 gaming and support many other DAPPS. It's been pumping and did not crash like many other Alt Coins did in the last downtrend. Disclosure... our project CroozeNFT. io web3 game is built on the Polygon Blockchain.
MATICUSD - Potential Upward MovementMATICUSD hit a support level and is likely to reverse. Exit at 2nd supply zone
MATIC Will be bullish soonDefined the order block between the range of 1.5-1.8.
RSI is also near the oversold region
The trend is decreasing and the volume is not increasing. So it means the seller will not be more interested in the long way. So the market will be pumped soon
Let's see what happens
Could we be headed to .90 MATIC/USD (polygon) ?
Polygon's Layer 2 solution is becoming increasingly important for Solana developers seeking to connect with Ethereum's DeFi ecosystem. The fast and cost-effective integration options offered by Polygon are driving greater cross-chain interoperability and connectivity. #Polygon #Solana #Ethereum #DeFi"
Polygon MATIC in a Bullish Channel
KUCOIN:MATICUSDT is in a bullish channel and about to hit the lower trend line.
After touching the lower trendline, a reversal to the upside is expected.
Keep it simple.
$MATIC correctionBig correction for $MATIC. If you zoom out on the weekly you'll see it peaked out at 1.56 The pattern you see is a megaphone and PA is on the top end. I do believe it does at least 50% fib retracement. But could go as low as 1.05. A move there will either cause PA to bounce off the 200EMA or it falls all the way back to .80
We could also see a potential H/S forming w the L shoulder and Head already there
Time will tell.
NFA / DYOR
