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MTCUSD trade ideas

MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding. This is perfectly viewed on the 1week time frame where the price hit the 1week MA200. As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022. Buy and target the 1day MA100 on the medium term at 1.1500. Follow us, like the idea and leave a comment below!!
CRYPTO:MATICUSDLong
by TheCryptagon
5
MATIC STRONG BEARISH Falling KnifeTrend stron bearish RSI Momentum below 50 strong bearish Nearish Volume rising Support will break soon Matic will fall deeper ADA, MATIC, SOL face the music as Robinhood delists tokens Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for. The decision to end support for the tokens caused a $387 million wipeout from the crypto market. Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish. The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform. While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag. Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action. Regulatory fear leads traders to liquidation In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens. As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself. According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period. Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most. Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million. Red season for the cohort Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI). At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state. The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
CAPITALCOM:MATICUSDShort
by DaveBrascoFX
Matic at the high range. Btc is at key level decision 28.4k and all i saw is price at high range. Matic is at high range Deviation from high range Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range. Invalidation of this when price make lower high above range high and continue make higher high. Basis for this short 1. Macro seems like shit in coming months especially Q3 Q4 2. Tightening of credit facilities, its going to be hard to get new money 3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period. 4. On a higher time frame price still in range.
COINBASE:MATICUSDShort
by BobbyAxelrode
MATIC Could be sent much lowerOff the low in June, we got a full algo ending on 2.618. Right now price is retracing from the december rally and about to lose the trend for 2nd time, so most likely local 0.886 will be tested (in case the move off the low has been impulsive) If it was corrective however with an overlapping B most likely, 0.886 wont hold and Matic might finish this 5-legged move down on perfect fib confluence: 0.886 major 1.886 intermediate 4.236 local Invalidation above B! --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
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by NastyBeer
[UPDATE MATIC] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use MATIC as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
CRYPTO:MATICUSD
by Homocryptus
Matic Polygon eyes 200% gains on PolygonPolygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform. Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth about $71,000) on a public blockchain, marking a concrete step toward integrating cryptocurrencies into traditional financial frameworks.  MATIC, a utility and staking token within the Polygon blockchain ecosystem, rose over 13% to $0.985 after the announcements, accompanied by an uptick in daily trading volume. MATIC’s upside move came as a part of a broader recovery rally across the crypto sector that started in mid-June. MATIC’s price has rebounded by more than 200%, a trend that will likely sustain in the coming months. On the daily chart, MATIC has painted a cup-and-handle setup, which comprises a U-shaped recovery followed by a downward drifting channel. The token is now eyeing a decisive breakout above the pattern’s neckline range (the red bar in the chart below) to reach $2.89, its primary upside target. As a rule of technical analysis, a cup-and-handle pattern’s target is measured after adding the distance between the cup’s bottom and neckline to the potential breakout point. As a result, MATIC is now eyeing a 200% price rally by the end of Q1 2023. Fundamentally, MATIC’s demand could keep growing, given Polygon’s growing NFT projects launched by mainstream companies. On the other hand, macro risks continue to threaten the ongoing crypto market recovery, which may hurt Polygon despite its growing partnerships with big-name brands. That being said, a strong pullback from the cup-and-handle pattern neckline range could invalidate the bullish setup altogether. Technical analysis: I have marked the important zones with numbers and explained them : 1 Agresive Sellers shortened Matic at 2.60. Technically The market had very low bullish volume and huge bearish Deltas . The market broke the short term support at 1.75 and it became again resistance. Now the sellers started to build their positions stronger. Long term buyers took partial profits here, new buyers took losses, and sellers sold more here. The creation of more sell orders finally pulled down the market to the deepst waters0.39145 2 This zone was and is defending strongly by Matic Long holders. The sellers took some profits here.The long term buyers bought more matic and new buyers came into the market. Also some late sellers took losses here or took profits.Also some sellers became new buyers. More Buy orders pushed up and pumped matic to 1.40(Defended ell area=Double Resistance) 3 Long move has a double support 0.73 and 0.65 area The increased volume and delta at this area supports buying positions,but also the volatility . 4 A break above 1.5463 increases more delta bullish and more buyers will support this positin but this time more agressively. The market has higher highs and higher Lows structure.To build a long term Bullish trend, a break above 1.5460 is essential 5 A break and holding above 1.54680 finally establishes a strong lbullish long term trend 6A break of 1.6590 is catastrophic for the majortiy bulls,but the final support 0.38 could save them. If this zone has lost, The sellers will control the market for a longer periode, as the resitance numbers make it very hard for bulls to take advantageof the bull trend.
CAPITALCOM:MATICUSDLong
by DaveBrascoFX
5
MaticUSD (Polygon) AnalysisAfter the massive sell-off from December 2021 to June 2022, Matic has been consolidating. At the moment, we see a rising expanding triangle has formed. Price is currently trading at triangle support and a bear flag is also in the making. Just above price is a critical horizontal S/R level at about $0.95. Both rising expanding triangles and bear flags insinuate a possible bearish continuation. If this continues downward, there is a possibility that it may retest the previous swing low around $0.325. On the other hand, if triangle support continues to hold and price makes it's way convincingly above the $0.95 area, then we could see $1.25 and then possibly triangle resistance yet again. I'm not long or short at the moment, but will be keeping a close eye on this instrument.
PEPPERSTONE:MATICUSD
by KH2_Artizan
What will be the destiny of MATIC ?IT'S NOT FINANCIAL ADVICE I WANT TO PRESENT WHATEVER IS IN MY MIND. SO IT'S JUST A PERSPECTIVE *********************************************************** Hi guys, this is my overview for MATICUSDT, feel free to check it and write your feedback in the comments, AND don't forget to share this analysis with your friends. Are you ready? LET'S GO Hello. new day, new analysis. at this time I want to dedicate an analysis of #MATICUSDT to you. to draw a Parallel channel you need two points at the bottom and one point at the top. I use Fib Channel because I needed to show you the second top of the channel. I drew a channel and as you see we have a nice reaction to the top of the First channel and finally, it's broken. after Pull-back the price moved into the second channel and sometimes the midline stopped the price and a resistance zone and sometimes it works as a support zone.I believe that it's not necessary to explain. the main content is we broke the bottom of the second channel (top of channel one) and the price dropped. and it's confirmed. so we should wait to re-action of the price to the midline of channel one.(red line = 0.5 ) in the price of 37-42 Cent. if this zone could not hold the price, the next target is the bottom of the channel at 12-14 Cent. if you can keep my secret, I wanna tell you something. i puted my orders in the 3rd zone (12-14 Cent) it's the best position to buy and hold for the long term. I believe that the future of MATIC is bright. so, don't lose this opportunity. *********************************************************** please write your comments below and tell me what you think about the future of #MATIC ... do you agree with me? and don't forget to share this analysis with your friends. Sincerely Yours
MShort
by ho3einmnd
Polygon: Exemplary 🤓Quite commendably, Polygon has advanced into our magenta-colored target zone between $0.78 and $1.02 and has touched at the lower edge of the pink trend channel to finish wave (iv) in blue. Now, we expect the altcoin to gain strong upwards momentum to haul itself up, leaving the magenta-colored zone on the northern side and developing wave (v) in blue, which should end in the top of wave (i) in magenta. Wave (ii) in magenta should then make for a distinct counter movement before wave (iii) in magenta should take Polygon further upwards.
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by MarketIntel
Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached. Project development dynamics For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with: Adobe Behance DraftKings Alan Howard's hedge fund, to develop Web3 projects Stripe launched global cryptocurrency payments through Polygon. Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon. Instagram is also partnering with the project at NFT. Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future. Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution. Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software. Citigroup published a report in April 2022 describing Polygon as AWS Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem. A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion. In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc. Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon. Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May. Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure. Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps. A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation. Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver. Outlook for Matic Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem. Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses. Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race. Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions. At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
COINBASE:MATICUSD
by Samura0x
17
AWW🥹 IT'S FORMING >>MATIC<<A BABY EMA IS FORMING ON MATIC. IT'S SO CUUUUTE🥹🥹 YES, YES TOTALLY BUGGING... BUT THIS IS WHAT HAPPENS WHEN ONE STARES TOO LONG AT CHARTS. ONE THING ABOUT CRYPTOCURRENCY IS THE FACT THAT THE ASSETS ARE SO YOUNG (EVEN THOUGH THE CONCEPTS HAVE ACTUALLY BEEN WORKED ON IN THE BACKGROUND FOR DECADES <<MORE ON THAT LATER. Seeing a little EMA budding on longer timeframe made my day. Shorter timeframes always have EMA's, but long term EMA's take f-o-r-e-v-e-r to form. So happy to see a sprout 🌱. As always, take care. #25Sigma
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by NebulousMercuria