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Polygon Token (MTC)

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MTCUSD trade ideas

Polygon (MATIC) shoots. WHY?Polygon Network's location action has gotten quickly which has given areas of strength for a to the MATCI cost. Polygon prime supporter Mihailo Bjelic has put anticipation expressing that they will declare the most-significant uncover of 2022 of every 3 days. Ethereum's Layer-2 versatility stage Polygon has been doing great. Polygon's local digital money MATIC has been the top entertainer in the altcoin space mobilizing in excess of 60% over the course of the past week. As of press time, MATIC is exchanging 15% up at a cost of $0.90 and looking at a quick objective of $1.0. With the new cost siphon, MATIC has additionally stretched out its month to month acquires near 150%. The MATIC cost soar as Disney picked Polygon for its Accelerator Program a month ago. The program will zero in on expanded reality (AR), man-made reasoning (AI) characters, and non-fungible tokens (NFTs). In any case, the job of Polygon isn't clear for the time being as Disney will give further direction later on. However, the actual news appeared to have carried more prominent cheer to financial backers. Ethereum's Layer-2 versatility arrangement has been dealing with a few key improvements as of late. While MATIC confronted the intensity of the crypto market implosion last quarter, it has additionally returned rapidly. Moreover, market experts have been extending hopeful conjectures for MATIC which has prompted more noteworthy financial backer certainty. Accordingly, MATIC is riding the most grounded wave among other altcoins during this market recuperation. Then again, Polygon has been exploiting a portion of the new occasions on the lookout. The breakdown of the Terra biological system left a few decent quality undertakings in a condition of vulnerability. This is where Polygon uncovered another asset to help Terra-put together undertakings relocate with respect to the Polygon blockchain network. Up to this point in excess of 48 Terra projects have effectively relocated to the Polygon blockchain network. Then again, the quantity of decentralized finance (DeFi) conventions on Polygon is likewise expanding. Thus, the interest for MATIC tokens is all the while expanding. The absolute worth locked (TVL) across all DeFi conventions on Polygon at present stands at $176 billion.
COINBASE:MATICUSDLong
by DEinvestment
A bullish scenario for MATIC Polygon’s MATIC price continues to display optimistic signals. Being an early bull is justifiable as the invalidation level is clear. MATIC price is a buy - Polygon’s Matic price could rally towards $1.00 in the coming days. From June 18 to June 24, the bulls accomplished a 90% rally. A pullback occurred, and it was mentioned in the previous thesis that a break below the 61.8% Fibonacci retracement level would be a good signal for bulls to exit the market. On June 30, MATIC price witnessed the anticipated sell-off which printed a low at $0.418, just above the 61.8% Fib. support at $0.411. MATIC price then printed a higher low above the 50% Fibonacci retracement level at $0.440 on June 30, followed by a 20% rally into the swing high at $0.535 on July 5. Classic price action traders will likely collide a trend line from the June 18 lows at $0.316 into the newly established lows above the Fibonacci levels as a valid indicator of the uptrend's strength. If market conditions are genuinely bullish, an additional retest of the trend line will not be necessary. A second attempt from the bulls to breach the $0.540 level should be the catalyst to induce a bull rally targeting $1.00.
COINBASE:MATICUSDLong
by UnknownUnicorn38289576
2
Crypto #maticusdt - symmetrical triangle breakout. Quick 30%Crypto #maticusdt - symmetrical triangle breakout. Quick 30%. Matic has broken the neckline of the ascending triangle. STO appears precarious but RSI confirms the new high and buying volume bars are dominating. The market is not fixed but there is a possible 30% trade on the table and worth a shot. You could possibly raise your stop to 0.59 in this market to cut losses if the market goes against you. Risk: 8 of 10. So a bit of a degen play in this market. Volume. Green volume bars are dominating. RSI confirmed the new high. Target 0.88 Stop loss 0.49
MLong
by thecryptochart
Polygon Bounces Off Golden Ratio While the media has called this a "crypto winter" and even some experienced traders are calling for crypto to "go to zero", I've been trading based on nothing but the charts and it's paid off. I bought Polygon at its Golden Ratio last month and the price bounced and broke above the EMA exp ribbon. It has more than doubled in a month. It's amazing how few people understand what the blockchain is, and even fewer who understand what Polygon is or why it will be valuable in the future. While I expect Polygon to go down to re-test the EMA before breaking above the non-log Fibonacci level (not pictured on this chart), I will add more and raise my stop loss. When you hear people say "crypto will go to zero" you know we're close to a bottom. Sentiment does not get any more bearish than that. Whenever you hear people saying that price will go to zero, BUT the charts continue to show a log growth curve, wait until you no longer see capitulation candles (long upper wicks) and the price will rebound. Works almost every time and you can make tremendous amounts of money quickly. If you're wrong, then let your stop loss trigger. Limit loss, not profit. Despite being in a "crypto winter", 100% of my crypto holdings are in the green, some by a lot. I did not start buying any crypto until June 2022 (I sold my original Bitcoin holding in the latter part of 2021 because there were too many people saying it's going to 100k, some were saying even 500k). With that type of mania, I knew it was time to sell. It's funny that some of the same "experts" on Trading View who were saying in November 2021 that crypto was blasting off to the moon, are now saying it's going to zero. Hearing them now say that price is going to zero means it's time to start buying. Knowing when to buy and sell is all in the charts. Also important is the crypto seasonality chart: bitcoinmonthlyreturn.com. We're coming up on August and September which tend to be more bearish than bullish. Have your stop losses in place. The crypto fear and greed index is a great contrarian indicator too: alternative.me When sentiment remains suppressed for a prolonged period of time, that usually signals a bottom. All the weak hands, and leveraged accounts on margin would have sold by the time this sentiment shifts away from fear. By that time all the worthless tokens and worthless algorithms have gone to zero. Those who own quality crypto assets like BTC, ETH, SOL, MATIC, etc., should be happy for this crypto winter. When the tide goes out you will see who the real winners are. Additionally, the crash in Bitcoin and the crypto capitalization is in large part due to monetary policy. Monetary tightening, and even worse, a reduction in the money supply (of the US dollar), causes all currency to crash relative to the US dollar. Money supply very rarely is reduced (as it stifles economic growth). Consumer spending is the heart of American economic growth so the Federal Reserve rarely finds itself in a scenario whereby reducing the money supply actually makes sense. The money supply typically grows exponentially. One can actually draw a linear log regression channel for the entire history of the US money supply and one will see that the money supply always remains in the channel (meaning it always has gone up exponentially). So knowing this means that, soon enough, the printing press will start up again, and more money will be printed exponentially and that this rare period when the money supply is being reduced is actually a rare buying opportunity for cryptocurrency. Anyone saying that we'll never get back to the level of cash infusion that we saw in 2020 clearly does not understand math or exponents. We will not only get back to that level of M2SL, but we'll fly past it in the future, (we just probably won't see that level of ROC in M2SL). Finally, and importantly, not all crypto is the same. There are definitely many crypto tokens that actually will go to zero. The easiest way to shake out which crypto will go to the moon vs. go to zero is simply analyze the crypto relative to the US dollar. Doing so is actually simple on Trading View, just use the equation 1/(Insert Crypto Token/USD). This will show you which way the US dollar is moving relative to the value of that crypto. You want to see the USD moving down relative to the crypto. If the USD is moving up relative to the crypto, then that crypto is moving toward zero. Here's an example of DOGE. Note that the USD is moving up relative to DOGE, which in turn means that the DOGE token is moving toward zero. Seeing this chart and hearing Elon Musk support this token just makes me sad for everyone believing him. No one person alone can move the market. I always say that charts don't lie, and the charts are saying that DOGE tokens are becoming worthless. Even more lucrative than comparing a crypto token to the US dollar, one can compare the crypto token to Bitcoin or to the SPY. If a crypto asset is growing in a log curve compared to another asset that is also growing in a log curve, well then, investing in that asset is likely going to make you wealthy quite fast. Check out Polygon (MATIC) relative to the SPY: This might look like a confusing chart, but what it's actually showing is that Polygon is moving so fast relative to SPY that the ratio of SPY to it is approaching zero. From a mathematical perspective, that means that Polygon is growing according to a log growth curve relative to SPY. Since SPY itself grows according to a log growth curve relative to the US dollar, that means Polygon is an especially lucrative place to grow your US dollars. The fact that the EMA exp ribbon is resisting the upward movement of the relative price, suggests that the trend has not broken and that the log growth curve relative to SPY remains intact. If anything, the current levels are suggesting an extremely rare buying opportunity. If there are any other like-minded traders out there who understand the blockchain and who understand everything I've said above please comment below so I can give you a follow. I need to connect with more like-minded traders who understand blockchain technology, dApps and their role as the building blocks of a decentralized augmented and virtual reality existence. Whereas if you disagree with the above analysis please leave a well-reasoned comment or chart below to argue your point!
FTX:MATICUSD
by SpyMasterTrades
9
MATICUSD Inverse Head & Shoulders can aim at 1.400!The Matic Network (MATICUSD) made a strong green 1D candle yesterday, rebounding exactly on the 1D MA50 (blue trend-line). Being a Resistance since early April, Matic has turned the 1D MA50 into a Support and is holding it. There is the Lower Highs trend-line involved since the December 27 High but the pattern that has been developed since the bottom, is a strong indication that this time the trend-line will break. The pattern is as you see an Inverse Head and Shoulders (IH&S), which is technically a bullish reversal pattern and can target as high as the 2.0 Fibonacci extension, which is exactly at 1.400. That is even higher than the 1D MA200 (orange trend-line) that rejected the price last time in late March/ early April. In addition, the 1W RSI broke above its MA line for the first time in 2022, indicating that this bullish move can be sustainable this time. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
MLong
by TradingShot
2
A bearlish scenario for MATICCryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Bitcoin crypto - Over the past three months, bitcoin has fallen from a high of $47,000 to about $22,000 today. GETTY Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Over the past three months, with inflation spiking and recession concerns spreading, bitcoin has dropped from a high of $48,000 to roughly $21,000. Today, some top investors think we’re in for another painful, extended period of low prices. “The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. His fundamental views on the industry’s promise haven’t changed. “New software developers are coming in, and we're seeing more and more high-quality founders. We see Web2 executives from Facebook and Google coming in at a faster clip,” he says. But one big factor has backers particularly nervous: “It's the first time that crypto and Web3 has existed in a macroeconomic bear-market environment, where there's potentially a recession happening next year,” Garg says. (Bitcoin was created in early 2009, shortly before the Financial Crisis ended.)
COINBASE:MATICUSDLong
by UnknownUnicorn38289576
4