WYCKOFF REDISTRIBUTION SCHE... MATICThe bump and run scenario is working perfectly. It also matches very well with a Wyckoff redistribution schematic.
The road could be bumpy, but the target will be reached I think.
MTCUSD trade ideas
$POLY primed to flyPolygon has been trading in this channel since June of last year. It's near the bottom of the trend line, which happens to coincide with the 200MA on the daily chart. With all the bullish sentiment around Polygon, and large projects moving their ecosystems onto the chain, I'd expect to see a nice bounce towards the middle of the trading channel; followed by an opportunity to exit with a ~40% gain from current prices in the highlighted box.
Out at or above $1.50 sometime in April, ez gg - NFA.
Matic - Trade ExitTraders,
As explained in the video I just released, this recent crypto price action up all simple appeared to be a bull trap. I was growing more and more bearish as I did my video and indeed, by the time the video was ended, I felt it was time to capture my meager profits in MATIC for another very small win and get out! As it was the drop happened so fast, I was barely able to do that.
I will NOT be looking to enter back into any trades until BTC does as I have been expecting it to do (retest that neckline at 25.3k - see vid for more), or until we start to capture some new pivot highs. Until then, alts will probably just follow the big dawg (BTC) down.
Best,
Stew
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
[polygon] by elo.The odyssey of Matic (Polygon) commenced at a mere 0.0025, back in 2019.
It ascended in what appears to be an impeccable 5-wave sequence, reaching an impressive 2.9255 at the peak.
Remarkably, it is one of the few tokens in this pervasive bear market that has not experienced any significant deterioration.
Such a characteristic could be construed as exceedingly bullish—
or,
merely an elongated phase of distribution preceding the eventual re-accumulation phase.
---
I admonish any prospective investor in this coin,
as it may undergo a substantial depreciation once Wave B has concluded later this year.
---
A conservative estimate for Wave C's termination resides within the 0.08-0.1 vicinity—
however,
it is more plausible that it descends into the 0.03-0.05 region,
signaling the ultimate capitulation phase of the bear market.
👇
Subsequent to this event,
I envision Matic soaring to a minimum of $15.
---
Wave B target = 2.22
Wave C target = 0.03
✌
Trade Alert - Long MaticTraders,
You guys know I have been dreaming of a touch on our MATIC May 2021 ascending trendline for months now. Today we got that. And though I missed the .98 cents touch for a buy in, I did get in at a dollar. My target will be at least that $1.53 cents level. Stop out is hard. But I wouldn't want to see anything much lower than that .87 cent level I have marked.
Best to you all,
Stew
Polygon 🛠️ Holding 1.0159 ? Will We continue our uptrend on HTF's? IDK we will have to see if price ( 1.0159 ) Daily level
will hold or we may fall into the depths below, the abyss. I can our next short targets being ( .9760 ) 4hr Level
and ( .9382 ) Weekly level. I can see a short term range being created here to build up more liquidity to go to the upside. The prices for the range may be between 4hr zones ( 1.0069 and 1.0539 ) before seeing more upside as bulls gather liquidity.
MATICUSD (1H) - Bearish breakoutHi Traders
MATICUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.095 support level. Only the upward break of 1.127 would cancel the bearish scenario.
Trade details
Entry: 1.095
Stop loss: 1.127
Take profit 1: 1.076
Take profit 2: 1.045
Score: 6
Strategy: Bearish breakout
polygon making bilateral trianglematic/usdt is printng symmetrical triangle on daily time frame as there is no divergence price is likely to breakout we can place both sell stop and buy stop
MATICUSD one last pull-back before the $1.80 targetPolygon (MATICUSD) has been trading and closing below its 1D MA50 (blue trend-line) since March 02. It is within a Channel Up, repeating an easily recognizable pattern every time it drops and prices the Channel's Low for the ultimate buy. Currently, there is one last pull-back leg left on or slightly below the 1D MA200 (orange trend-line) in order for the 1D RSI to turn oversold around 30.00, before the new Low is priced. We will buy this pull-back and target $1.80 on the long-term.
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Bitcoin Tags the 30k Mark! What does this mean for alts?Traders,
Both BTC and BTC dominance are into extreme resistance areas. We're going to talk about what this means for both bitcoin and the rest of the altcoin space.
Stew
$MATIC looks bearish for the long term$MATIC looks bearish for the long term 📉💸 #cryptocurrency #analysis #MATIC
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.
