Matic Breaking Down!$Matic broke $0.56 and now heading down to $0.48 – previous support.
Will break … it’s inevitable!
The 1st important level to watch for longs is $0.38, on condition that it won’t break.
MTCUSD trade ideas
MATIC Fighting the down sloping trendlineMatic has tested the breakout of the down sloping trendline for the past two weeks. If manage to break it followed by a retest has a good chance of going above $0.75
Matic Last TA updateIt’s the second breakout attempt at $0.62 that Matic failed to succeed.
Matic already did a 99% pump this week, so don’t expect much. We may see a fakeout around $0.79 and that's all.
These levels are excellent to look for shorts.
You can find my previous TA below.
MATICUSD ❕ upper boundary of the downward channelMATIC is moving in a downward channel near the upper boundary.
The asset has shown significant growth without a pullback.
TD Sequential indicator has formed a reversal signal down (4H TF)
The price is in the overbought zone of RSI (1H and 4H TFs)
I expect that the price will go down after fixing under the upper boundary of the channel.
Matic USD approaching long term downward trendline.As you can see on the chart, Matic USD is approaching it's long term downward trendline. There could be a rejection at around the 0.70-0.72 level in the next day or two. This could be a possible good short entry.
Polygon for NFT'sPolygon MATIC/USD is used to mint NFT's on markets like OpenSea and swap on decentralized exchanges like Sushiswap. Here's a 4-split chart 4 day, 1 day, 4 hour and 15 minute. Here's levels on the 1 day chart:
SMA233 =1.67
SMA144 = 1.88
breakout = 1.76
R3 = 1.67
R2 = 1.59
R1 = 1.50
pivot = 1.42
S1 = 1.33
S2 = 1.25
S3 = 1.16
breakdown = 1.08
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
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7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
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pi RSI - trend momentum
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This is not financial advice
MATIC AAVE loan purchaseI used profits from a prior MATIC swap to USDC I had stored on AAVE since last year (sold @ $2.83 and $2.53). I locked in profits for a potential trial bear market purchase later. Now is that time. Just bought MATIC @0.31 with a portion (20%) of the AAVE profits.
Plan to sell @ $2.50 MATIC
Plan to deposit MATIC into AAVEE if hit below 0.21
Plan to buy more MATIC @ $0.30 and $0.275
not buying $MATIC....Bear Marketnot buying $MATIC............................................................................
this is crypto #MATICthis is crypto #MATIC...................................................................
MATICUSD Bull Experiment10/10 interesting price structure. Everything aligns so perfectly. Daily candle opened at support. Moving averages look good, but there's still a long battle ahead. High and low targets are on the chart. Let's see what happens.
$MATIC LONG IDEA from 0.62$ to 0.80$wait for trendline break retest of 0.62$ then you can entry with small stop loss arround 0.59$ or 0.58$ and ride this to 0.80$'s this can play if $BTC does not dump further from the current price , also always before entering the trade check RSI to be oversold in down side to have better chances in the trade.
MATICUSD ❕ manipulation? again?MATIC reached the lower boundary of the descending channel.
The fall in price happened on declining volumes.
When trying to break the support level, the price went back on higher volumes.
I expect that the price will test the support level again, and after fixing above it, it will grow.
Party begins in Sept 2022 for ALTS - 15x on MATICLast time we got a 68x from $0.03 to $2.4.
This time, we are only asking for 15x.
Look at that RSI!
Once that trendline is broken, it's party time.
MATIC will go from $0.80 to $13.
I would say around September 2022 to January 2023.
That will be the blow off top.
You better SELL at that time!
Buying MATIC at around 0.35I think MATIC is very under valued. It has a limited supply and It has a great useable solution to ETHs scalability issues. This is my call, I'm going 3/4 of my bag in MATIC when the market bottoms out. (The rest in AVAX and SOL, then a few gaming small caps)
ETH is is not going anyway, but MATIC has a lower market cap for more gains.
MATICUSD (1H) Bullish breakoutHi Traders
MATICUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.643 resistance level. Only the downward break of 0.619 would cancel the bullish scenario.
Trade details
Entry: 0.643
Stop loss: 0.619
Take profit 1: 0.658
Take profit 2: 0.683
Score: 6
Strategy: Bullish breakout
MATIC Wait For Bullish Price Action To Buy
Hi traders:
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish price action.
Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted.
Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need,
to look for a longer term buy setup to the next highs.
Thank you
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Rip maticRip matic................................................................................................
Long MATICUSD & BTCUSDI am long MATIC in an interest bearing account yielding 10% APY plus 2% APY on Fixed term deposits. I have transferred the remaining BTC into a withdrawal account debiting 14% APY on loans with a 50% LTV ratio. I use BTC as my loan due to the nature of its market cap being the largest allowing for the lowest potential for volatility and I yield interest in MATIC since the APY is the highest and the potential upside gain is the highest as well.
Letting the trade come to you... MTC/USD It is make or break for Crypto, but it won't be determined so easy! Tune in while we take a dive into the potential routes for MTC/USD, break down the psychological reasoning behind current price action, and let the trade come to us.
Entry Level Long: Break of Trend + 50EMA at 0.685-0.69
Risker Entry Level Long: 0.62
Last Hope Entry Level Long: 0.55
Entry Level Short: Bearish retest of 0.55
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