Matic Bullish flag - After ETH MergeMatic is about to create a flag;
Entry $0.749,
SL 0.723
TG $0.96
Just to keep an eye as it might climb after ETH Merge.
Happy trading,
Raf
MTCUSD trade ideas
MATIC/USDT Elliott Wave count 4H TFMatic may go upside to complete a 5th wave.
Also no divergence 3rd wave with the plot of the b wave to call that High a 5th wave.
That was an 4th wave flat with b wave extended. Also b wave hits 1.236 fib extension of wave a..
As it stay above red box this count is valid but it must go up now, already past much time in this 4th wave.
Also I have a bearish count and I will put as update on this idea soon. Stay tuned!
Cup and handle anyone?Looks like Matic just performed a cup and handle. now we are headed for a little retracement. How far do you think we will go before bouncing back up.
Bullish Wave Forecast...Yes I believe there is a chance we're currently in the early stages of a cycle wave 3 which will make news highs in the future - targets are derived off fibs but things could go much higher.
Huge Upside...So there is a chance here we have already started a new uptrend which will be wave 3 - I expect prices to go up to around $9-10~ for this wave 3 if it is indeed one - besides that I have added blue reaction lines to tag a potential reversal in the future.
MATIC BREAKING 200 MA.
MATIC stay above the 200 MA on 4H for days, expect MATIC to break 0.91 area to go higher up to 1 $
MATIChey everyone, this is just an idea and nothing more but with the up coming eth merge we could see some layer 2 pump. If we break 1.05 it opens up 1.3 and 1.75!
NFA just an idea
MATIC Monitor $0.86 for impulse MATIC has been supported in the orange band.
There may be one last push high if the 50MA is breached (also the 1D mid BB) at $0.86
IF that occurs, MATIC could push to $1. Where I will enter a SHORT. Near the upper BB and 200MA.
Good Luck.
✅TS ❕ MATICUSD: resistance ✅✅MATIC is moving towards the resistance level. The price has already bounced from this level. I expect a second bounce down.✅
🚀 SELL scenario: short to 0.66.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Matic Short Trade proposal $MATICif matic goes straight to 0.88 i will take a short trade from here as its presented on my TA idea here i'm expecting matic to find some real resistance here and ride it down.
MATIC: ShortConsolidation, expecting it to remain in the range to the downside
*No.1 Manage your Risk*
#Polygon #Matic long ideaHello dear Traders,
Here is my idea for #Polygon
Price finds support at monthly pivot line.
Daily inside bar has been formed and we will wait for a close above the yellow trigger line (0.8170$) in the 4h chart to enter the trade.
Profit target 1.1470$ and stop 0.6980$.
Risk Reward ratio 2.7
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Polygon
Rank 12 by marked cap
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance
Source: Polygon price today, MATIC to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
Matic Setting up to Drop to an 88.6% Retrace Below the MAsMatic on the Daily is Trading Below the Daily Moving Averages and looks to be ready to make a 0.786-0.886 Retrace below.
✅TS ❕ MATICUSD: moving down✅✅MATIC is moving down. Now the price has reached the support level, from which a correction can begin. After the correction, we can expect a fall.✅
🚀 SELL scenario: short to 0.67.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TRADE ALERT - SHORT MATICEntry = .8153
Stop Loss = 0.89
Final Target = 0.69
Risk/Reward = 1.5/1
Leverage = 1x
Profit Potential = 15%
MATIC BULLISH BREAK-OUT. $0.96 ON THE RADARHello traders & investors!
We have a nice day trading idea here.
Breaking out of important consolidation range. 0.80-0.85 is a nice entry point for this move up
Let's wait and see how it plays out
Take care!
MATIC/USD hi everybody. first follow me fore more technical analysis
here we have POLYGON, and i thing its going upward to ~9.00$ and then going down to ~ 6.60$
Strong support at ~ 4.60<x<5.30
long : 7<x<7.2$
ST :~ 6$
TP: ~ 1.33$
let the price touch the area of ( 7<x<7.2$ )
MATIC BMR ReversalCause: breakout failed, reached resistance
Effect: breakdown to previous range high
Matic - Going Long HereI think Polygon is going to have a large part in the next phase of ethereum and maybe crypto at large, so I've been looking for an entry into MATIC.
Well here's my entry.
Bitcoin pulled back hard today, and brought all the coins with it. I'm seeing Matic finalizing it's downtrend, with an overselling event, which brings prices to the bottom of the yellow range.
That should be a strong support level, to finalize the last 2 legs of this summer's rally. I may take profits there, depending on the macro.
MATIC - Trend Overshoot and Triple TestPrediction drawing.
I believe this overshoot will coincide with a failed breakout of the range/triple test, so I'm expecting prices to break the trendline, and retest the bottoms of the range.
A rejection here is bad news beras for Matic Update on my prior post. Matic did indeed see a squeeze on the pendant formation from earlier. However, without enough strength and upwards momentum, it appears we may have an unsuccessful break through of local resistance point ~0.93 area; This combined with the poor narrative of Tornado Cash vs SEC could mark a failed breakout and a corresponding leg down. Watching $ETH and $BTC moves accordingly.
MATIC - Will Push Higher After The RetestMATIC it's going higher, after it tests in the coming hours-days the diagonal trend.
Invalidation if it closes below $0.92 on the daily.
Has Matic corrected enough?Still think there's room to go down, if this wave corresponds to a 4, then we should expect at least or less than 38%, waiting for demand to be met around .30
NFA
