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
MTCUSD trade ideas
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 😉
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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..
Matic's Future Looks Bright Bull run can begin on a weekly close over $1.75. I would accumulate here to target the previous high at $3
Matic-PerpMatic perp hat einen Breake out bei der Trendlein (Bearish), potenzial auf einen 15% Provit
Slow, but breakout close(possibly)1 hour chart showing breakout is close(later today possibly). Price having held up good after the pump showing a bit bullishness, can't be too sure. But, that's what/how I'm seeing /it.
MATIC greater than 5% bullish target identifiedToday I'm posting not just an individualized idea but an idea that combines multiple coins. As you all know from my recent posts, I expect BTC /ETH to experience a short-term wave down. I worked extra hard tonight to find a basket of coins that could yield us the > 3% per day that I'm going for. These coins follow the momentum trend inversion calculations and target calculations that I've perfected over the years. Some of these coins might not go up as much as a basket, but I expect an easy 3% gain combined within 24hrs.
Here are the coins.
Coin TP-Target %-Allocation
GALA 6.50% 11.29%
UNI 6.60% 8.06%
ENJ 6.60% 6.45%
ACH 15% 11.29%
MATIC 5% 8.06%
SHIB 8% 9.68%
MANA 5% 11.29%
KNC 7% 14.52%
JASMY 12% 14.52%
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I'm really enjoying being back in Crypto and interacting with my followers. Thank you for following me and for your support and encouragement. If you have enjoyed making money with my highly accurate and high probability ideas over the last couple of days, please like, follow, comment, and tell your friends and family. I make daily posts, so don't miss out on the next trade. I'm also making significant improvements to the trading system, and you can expect only even higher probability ideas with improved accuracy on timing and with probability.
Please keep in mind that I'm not a financial advisor. Trade at your own risk.
MATICUSD (4H) Bullish BreakoutHi Traders
MATICUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 1.542 resistance level. Only the downward break of 1.442 would cancel the bullish scenario.
Trade details
Entry: 1.542
Stop loss: 1.442
Take profit 1: 1.600
Take profit 2: 1.700
Score: 5
Strategy: Bullish Breakout
LONG MATICMATIC surged from descending wedge, retested support trendline and bounced back up again. By the book pattern. I’m long from the retest, targeting $1,67 and $1,775 for first targets.
Bullish get bullisherLooking very strong today, lots of momentum and volume can continue to go uptrend next few hours.
