MATICUSD BreakoutWill MATIC break out the current descending trend?
This is not financial advice. Tread carefully.
MTCUSD trade ideas
POLYGON BREAKOUTThe mainnet that makes eth scalable.
Need the RSI to make a higher high or this could be invalidated rather quickly.
DYOR.
Like and comment if you agree or disagree.
Bears and Bulls fighting it out over PolygonPolygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—"Ethereum's internet of blockchains"— launched under the name Matic Network in 2017.
MATICUSD A benchmark for the next bullish break-outI haven't posted a public idea on the Matic Network (MATICUSD) in a long time. Even though we might be 1 or 2 months away from a new parabolic rally, this analysis may serve as a benchmark to spot when you may enter buys in the market with a confirmed break-out.
As you see the price action since the May 2021 High resembles the sequence from December 2019 to December 2020. In the later stages of that sequence, the price entered a narrow consolidation pattern which broke upwards when the 0.236 Fibonacci retracement level broke. The 1D Golden Cross (1D MA50 crossing above the 1D MA200) simply confirmed the break-out that initiated a massive parabolic rally.
Right now the 0.236 Fib is at 2.452.
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MATICUSD ❕ an upward channel is formedContinuing to move in the downward channel, the Matic formed an upward channel. During this, the price broke up through the 100MA on the 4H Timeframe and trading volumes increased while the price traded above the liquidity level. I expect a second decline to the support level, fixing above it and then reaching the resistance level.
MATIC : SCALPINGDaily MACD is crossing up
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This is my trading diary, if u follow it
Please Set SL at ur acceptable risk
MATIC support held and approaching breakoutMATIC has found support at $1.30
Monitor for trend breakout and to clear MA50.
Targets are $.175 and $2.10
Good Luck
MATIC 15% gain entry incomingToday I'm doing something a little differently. I've decided to let the charts speak in detail instead of a lot of words. If I have something special to say about the specific instrument. I will mention it here. For general Crypto updates, please take a look at my BTC update.
One thing to keep in mind is that we are in a short-term downward wave today and we haven't reached the end of it.
MATICUSD ❕ descending channelAt the moment, the price, continuing to move in the descending channel, is retesting the support level. If the price fixes under this level, then I expect to reach the target indicated on the chart.
MATIC chances are looking pretty good for breakoutIt’s at a huge support as shown on the VPVR and from my experience using MATIC I see fundamental value here. Weekly rsi curling at local bottom looks nice too. Price targets are
$2.00
$2.50 by end of summer
$3.50 by end of year
If everything goes well and a bullish breakout and trend is created I don’t see why we all can’t make a nice profit here.
MATIC / USD MATICUSD Descending triangle is usually a bearish triangle.
But what am gonna do is just wait for a clear breakout either way with a full body candle of the triangle whether its up or down and ride it.
MATIC bottomed near 1.3 w/ engulfing; big resistance zone aheadThis just an update from the previous post w/c finally starts to play out.
MATIC most likely bottomed as it has repeatedly bounced from the 1.3 zone. However there is a big resistance zone between 1.533 & 1.67.
There should be a follow up to this engulfing candle in the days ahead. Failure to break above the resistance zone will set MATIC in a consolidation range.
Not trading advice
Opps... MATIC — buy with probable averagingGreen zone — buy. Blue — buy with probable averaging.
What do you think? Is it a good time to buy altcoins?
Polygon(MATIC) Price Aims at a 30% Upswing But Could Drop Hard!The MATIC price which showcased a gigantic rally always maintained the lower support along the uptrend line. And currently in a higher time frame, cements itself around the line and waiting for a fine flip to mark a rebound firmly. However, in the short time frame, the MATIC price appears to be in a decisive phase, where-in a small wrong move may drag the price down towards $1.2
At present the prie is trading in between the immediate resistance and support levels of $1.52 and $1.4 and within a symmetrical triangle
The asset recently faced rejection from the upper resistance and quickly plunged hard breaking the initial support levels, however, flip hard before testing the next support levels.
Considering the symmetrical triangle, the price is expected to consolidate for another couple of days until it reaches the apex
Later a huge possibilities of rebounding towards the higher resistance is likely, failing to which the lower support at $1.2 may hold the price tightly.
3 indicators to eliminate false signals This is Matic/U.S Dollar and I'm using 3 indicators to help with eliminating false buy/sell signals.
1) MACD
2) RSI x 2 ( 25 & 100)
3) Supertrend
New to day trading crypto but these are super helpful indicators and you have to make sure the lines cross in the RSI and the MACD to have a good signal to buy or sell. In the MACD the blue line must cross the orange line to have a good signal.
waiting for clear move past a resistance area MATIC sitting above trend support, looking to go long above 1.897, short below 1.206
MATIC uptrend channel intact; holding 1.65 to 1.533 support zoneWhile others are still retracing, MATIC seems to be gaining 2% holding 1.65 for now.
Uptrend channel remains intact as it bounced from the lower channel. See the TP levels in the chart.
It must hold 1.533 to be bullish.
Matic is one of the few coins with very good fundamentals.
Not trading advice
MATIC 4-10% gain incomingThis is similar to the other ones I posted today.
We see strong rejection off of the buying zone. If you zoom into lower time frames, it will be clear to you the amount of buying that took place at this level. There is sufficient momentum in this way to take us to $1.64 price level. I expect the $1.55 price level to hold. If it breaks $1.51 level, that could change the dynamics and I would need to provide an update. Please ask in comments if I forget to give you guys an update.
My BTC update will contain an overall crypto market update and a list of the ideas for the day.
Take a look at my highly accurate predictions based on the momentum-based system that I'm developing; please like and follow me to show me your support so that I'm motivated to continue posting and receive all of the latest updates as I post daily. I do this for free, and in return, all I ask of you is to leave a comment and hit that like button. Also, drop in a chart in the comments that show nice consolidation, and I will tell you which direction the break out will be 😉
Here is a small snapshot of the system that's producing these signals. It's been built by someone with over 10000hrs of experience building trading systems and advanced and complex indicators ibb.co It's beyond what you will find online anywhere 😉
Not financial advice. Trade at your own risk.
MATIC Full ThrottleMATIC is held under by resistance of the 1D MA200. Once broken targets are $2.09 and $2.45
Golden Cross will signal in a few days after. Strong Impulse incoming.
Good Luck
Matic Gaussian ChannelSuggesting a recovery at the top of this channel indicator
This recover is post a Rising Wedge formation which is considered a bearish formation, and can be seen to play the part briefly here
POLYGON 2 waysPolygon is the right choice with a bright future as an investment asset. The movement is normal.
Polygon ready for 2nd bear leg to find supportFolks,
here is a view for Polygon.. We are hitting resistance in a trading range.. 80% of those attempts to breakout fail.
We have had a 2 legged bull run in the trading range..
We have had a bear breakout a pullback around 50% in my opinion we will go lower. At least after such a strong bear breakout most of the times we will see a 2nd leg down to find support around $1.5/$1.51.
Feel free to comment, share and follow for more to come..
