MATIC rejected by 200dma; next 2 destinations underMATIC was rejected consistently 200 ema & the 5 ema start turning downwards.
Next support will be 1.39. Worst case scenario is the next GANN fan line perhaps making a double bottom
Before any significant rally.
Not trading advice
MTCUSD trade ideas
Matic 02.02.2022 - ForecastThe big picture for Matic for the next several days till it starts taking again off
MATIC is going for TP1MATIC is turning very bullish....Trade Reminder.
30 days Forecast = TP1
Like this idea?....please do a thumps up, Thanks for watching.
MATIC WEEKLY chart possible trade rangeLooking at the Weekly chart of MATIC, the gap up play on a pull back with strong support bounce in the yellow zone.
Looking for possible relief rally or bull traps to come until April/May where the focus will be on a historic chart from last year for size of move and volume relations.
Hopium seems to be as addicting as the FUD and FOMO with many that bought at or near the tops and new to crypto cycles.
GTLA
For the record, I own MATIC, and believe it is a strong project. I am currently DCA into this position, (again), I do not plan on selling for 5 to 10 yrs.
My son is also a HODLer.
For price targets, analysis, or perspective on ANY Crypto or stock asset, please comment or ask for the type of analysis and thorough questions...
Thanks,
Paul Shindig Shinn
Trading and Tattooing....
Disabled and Retired....
MaticA possible scenario for Matic can be labeled According to the attachment chart.
stop loss for this scenario set on 2.48
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) in orange
W(B) is Blue
Wave(C) is a 5 wave in purple
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) sw(2) in W(C) went back to $2.46
3) sw(3) in W(C) went to 1.3
4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5)
We need to see if this is going to be an irregular running flat or a normal irregular correction
Appreciate feedback
$MATIC FORWARDpolygon structures are still quite positive looking forward
$1.30 could be the bottom for the forseeable future
I do not expect .66 to be visited unless a bear market unfolds for crypto
the risk/reward for matic looks positive
breaking the all time high could send prices to $10.00 or more.
for now the consolidation is ongoing
Simple chart for Polygon (MATIC) - keep an eye on $1.36 Simple chart for Polygon (MATIC) - keep an eye on $1.36
Huge volume support that better not be broken and confirmed to the downside.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
MATICBINANCE:MATICUSD is Bearish.
- Buy 20% position @ support area
- Buy 30% position @ breakout of trendline
- Buy 50% position @ 2 Engineering Robo Buy signals
MATICUSD LONGER TERMFor More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,
Here we have our MATIC USD Chart for Crypto Traders..
We are looking long on the current uptrend. We have seen strong Price rejection around the current area and we are looking for the move to continue up with our Long BIAS..
This is For those who Are Holding MATIC. Trade carefully and Small To avoid any Fast Market Moving losses. HVA's can move Real quick and you want to Be Trading on the right side AND safely..
Look for exit around the eclipse symbol area.
Matic Polygon, it was am easy play day for market makers.This was fairly predictable. As the morning opened the news around the world, social media, and the main stream media were sure that there would be no rate increase and that the FED needs to be careful with crypto. The hope led to a predictable rise and an easy opportunity. The market sold off before he even spoke. Profits.
2 MAJOR SUPPORTS FOR MATIC !!!Unfortunately, Matic couldn't hold that dynamic support and the correction phase started! Here are 2 major support areas that we expect to see (after reaching the 1.94)
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Also see this divergence -_-
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Please enter on a safe step. I personally expect a deeper correction...
Maticperp afterBought matic before the huge green candle, sold it after because I saw on low timeframe that it would go down again.
Polygon MATIC Watch. Next 3 hours ! FED TalkWatching this event at this time with all the hope and despair in the air will be fascinating. The geometry of the market should be affected. like any two entities reacting to one another. Let's hope they get along.
you only lose it all if you sell it allit may say losses in your portfolio, but remember these are un-realized. assuming you aren't looking at your sales. wtf is salez?
not financial advice, crayons taste good, particularly green flavor.
just in my experience, paperhanding always equals a fat L.
its discount day i guess!
MATIC ready to breakoutMATIC is ready to breakout from descending trendline.
Also completing IHS pattern.
Good Luck
MATICUSD H16: DISTRIBUTION / 50% correction(SL/TP)(COMPLETE)Why get subbed to me on Tradingview?
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MATICUSD H16: DISTRIBUTION / 50% correction(SL/TP)(COMPLETE/REVIEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT MATICUSD . Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
congrats if you followed my original idea.
50% correction is complete already!
🔸 Summary and potential trade setup
::: MATICUSD H16 chart review
::: not a great looking chart
::: 50% correction is complete already!
::: alerted at 2.40 USD 50%+ correction
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: distribution price fractal
::: re-test of bullish TL (yellow)
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 30-40% pullback possible next
::: 4-8 weeks in Q4 2021 / Q1 2022
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +40% gains
::: BULLS stay out until correction is over
::: BULL seek to reload near 1.0 USD
::: 1.0 USD strong / horizontal S/R level
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Polygon Future casting. The three paths.Matic is less rigid in its geometrical path through time. Its fluid. more curves. This seems like an advance in function. I will keep an eye out for it.
