MTCUSD trade ideas
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.
I See so much use of Polygon. It needs to pull away.I see so much use of polygon out there. I think this chart is showing a tidal force. Bitcoin has become the ocean for which life evolves. Then comes survival of the fittest.
MATIC|USD: Strong bearish activity!?MATIC has failed to hold above $2 and is now considered a bearish narrative. The price will likely bleed lower for the next few months as investors are traumatized, and will sell any pops fast. The 200D Moving Average is currently at $1.61, so any short-term bounce must hold above this level for bulls to regain control!!
(My time-frame looks out to July 2022: I'm LONG)
MATIC 50 MA Weekly touchMATIC 50 MA Weekly touch + Wykoff re-distribution phase seems to be end soon.
Polygon Matic falls below the life line! is .62 the next stop?This was a special little spot. I see heavy manipulation which, in this case, gives me hope.
MATIC retraced 78.6%; saved by GANN Fan line.Is ABC ending?MATIC is now at a good place if it wants to reverse. The big fall has broke below upchannel but saved by GANN Fan support. However, it has to get above 1.735 & 1.902 (ema200 & ema 150 zone) for me to be bullish again.
Right now bulls & bears are still fighting at tha GANN fan line with no obvious winner coz it still failed to get back Inside the upchannel. Failure will sent MATIC lower to 1.174 the next GANN Fan line, also a very strong
Pivot support zone. That will be the max drawdown to finally end wave 4 ABC correction.
Not trading recommendation
The Polygon Point money verse mantraThis is the reflection of this massive point of consensus, building up in the marketplace. It's pretty cool and reflects some nice development of the digital organism. Through time, their values should strengthen when patterns form. Patterns are heuristics for Traders. I think when AI is fully introduced that difficulty will disappear. What will remain, as long as humans are involved, is manipulation. I feel like we are watching two giants fighting. The natural flow versus maipulaiton.
MATIC : UPDATEDEverything on the chart-------
if u look from my early predictions I weight on other things than the patterns
(i'm not telling ya about it :DDD) -- Patterns is just only something to express it out :P
.
Feel free to feedback / comment and share ur idea
Trade safe & cautious
MATIC2 Scenarios for MATIC
Do not go all in, Always try to apply cost averaging strategy.
Not Financial Advise
MATIC - BROKE SUPPORT AND HORIZONTAL TRIANGLE! So, What's Next?Happy Icy Texas Friday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this GALA/USD pair.
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MATIC remains its Bullish disposition as price has stay way above $1.4446
MATIC broke out of its Green Ascending Support Bar and has reached key support at the Blue Horizontal Bar.
What is now happening?
Then next move for MATIC could be a continuation of this bearish move to reach the 50% Fib at $1.7735
If MATIC breaks that key support, the next level below is the 61.8% Fib at $1.50176
After being rejected at the Red Resistance Trend Line and its 21MA, GALA has dipped down towards the support lines, and the support bar.
Another probably move for MATIC now is to crawl sideways (consolidate) along the Blue Horizontal Bar to potentially create a Descending Triangle (bearish).
What if MATIC bounces from here?
The 21MA and the Resistance Trend Line above could continue keeping MATIC down.
So, unless MATIC breaks out of the resistance trend line above and stay above its 21MA or even the 50MA, a conservative trader would not enter a long position.
MACD: The histogram has a bullish divergence, although there isn't one on the signal lines.
Stoch RSI: Stoch RSI on this chart is at the Oversold Region and no bullish crossover.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
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More power to all your trades, my friends!
Ron
Intrepid_Trader
Fib levels below:
1.136 = $35,601
1.272 = $31,603
1.382 = $28,369
$Matic getting bullish.Matic is all set to achieve new ATHs. I am expecting Matic will hit 3 new price levels by the end of the bull run. Go Matic Go
$MATIC SHORT N LONG$MATIC has just broadcasted the ceiling of the next swing move. Short for $1.75 (previous swing low), then switch long for $2.17 resistance.
MATICThe Red is a much more plausible outcome right now given BTCs movements.
The black trend may not be the place where matic falls to as there are only 2 data points, but it is just a start.
The entire market is showing significant bear signs so prepare yourselves for a potential bear 2022.
MATIC back to the price where it all started?Looking at the linear regression channel we might fall back to the inception of the last ATH.
MATIC - RISING WEDGE TO DOWNSIDE - $1.20 IMMINENTmatic breaking down like everything else, looking for a downside target from where the wedge started at around $1.20
stay safe and have patience
not trading advice
tg
