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It´s now or never for Matic!!!During the last days Matic broke the previous low and therefore invalidated some of the Elliott wave counts going around that I have seen. Currently price sits at the 88.7% fib retracement of what I believe is the end of the wave 2 (primary grade). What I have to admit that I haven´t seen is a WXY formation for a wave 1 but this could be lack of experience. I counted it that way because price made a new low and therefore everything that happened since february 2023 must be a correction in my opinion. How can it continue? 1. Price shall not cross the June 2022 low. This would reset all counts! 2. Price kind of must go up from here, however given the anxiety in the market and BTC not looking like it has finished the consolidation I would expect sideways price action! What to look for? Wait for a nice impulsive 5 wave trend and pullback and ideally a broken structure which means higher lows and higher highs!
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by Staggi10
Matic coming back#CryptoWhale100Billion Alt Coin Analysis: MATIC Hey everyone, it's been a while since my last post. I've been quite busy with life, but I'm back and ready to share my latest analysis and predictions. My analysis shows that MATIC may experience a bullish trend in the medium term. The current price is hovering around the support level of $0.53, and if it manages to hold this level, we can expect the price to rise to the next resistance level at $0.66 and potentially break out. However, there's also a possibility of the price dropping to $0.47. before making a reversal. The RSI indicator is currently in the oversold region, indicating that MATIC is undervalued and may experience a bullish reversal soon. Additionally, the MACD indicator is showing signs of a bullish crossover, indicating that the momentum is shifting upward. Strategy for MATIC would be to buy at the current price or lower, hold on to the position, and consider adding more if the price breaks through the resistance level. If the price drops below the support level of $0.47, it may be wise to consider buying or setting stop-loss orders. Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. #CryptoWhale100Billion Press The Thumbs Up and shoot me a message below with your ideas on where MATIC may go next. Thank you for the support! Below are some previous chart links I've written in the past for reference:
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by CryptoWhale100Billion
MATIC Bull RUN top.KUCOIN:MATICUSDT Price action between .34 and .58 tend to not last for MATIC. Last time we lingered in this price range from was from Aug-Oct of '23, with an eventual pump to 1.23 on 11 MAR 24. ALT coins are taking a beating and are being bled out to the bottom. Looking at this WEEKLY MATIC chart, if this triangle plays out, we can expect a higher high for MATIC at 3.6 around the TOP of the '25 BULL RUN. Diamond hands can expect, perhaps, a 4-5x on their investment. Again, HAPPY TRADING!!!
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by CorpoJay03
Matic Coin Analysis: Potential Gains of 13x, During Alt SeasonMatic coin currently holds a strong support level between $0.48 and $0.49. This level presents a promising opportunity for significant gains as we enter the altcoin season. Historical data suggests that if this support holds, Matic could potentially reach a minimum target of $3.415, offering an impressive gain. However, if the $0.48 to $0.49 support level is breaking, the next major support can be found between $0.29 and $0.31. This level is crucial for Matic's long-term stability. During a bullish alt season, Matic has the potential to soar even higher. Based on historical trends, the maximum target could reach up to $6.47, representing an extraordinary return of nearly 13x from the current support level. For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas. Don't miss out on potential opportunities in the crypto market!
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by Houseofcryptokings
MATIC: Start-Up DifficultiesMATIC struggled to achieve clear upward momentum last week. The bears slowed the coin down, so that it is trading slightly lower today than at the time of our last update. Nonetheless, we still see the price in the blue wave (iii). During this wave, we expect it to rise well above the resistance at $0.98. If, on the other hand, there is a fall below the support at $0.50, we will have to assume a still ongoing wave alt.(2) in magenta, which would first require a setback into our same-colored Target Zone ($0.471 – $0.308).
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by MarketIntel
MATIC - giga rally loading?Polygon (MATIC) is looking really promising right now, thanks to some major upgrades and smart moves. They’ve just rolled out Polygon 2.0, which is a huge deal. This upgrade introduces a new token called POL that’s designed to handle a lot more transactions and different roles within the network, making it super versatile. What’s cool about Polygon 2.0 is that it’s all about making the network faster and more connected. They’re using advanced zero-knowledge (ZK) technology to cut down on costs and speed up transactions. This means that developers can build even more efficient and scalable applications on Polygon. The community and developer support for Polygon is also a big plus. They’ve got a ton of resources and tools available for developers, making it easier to create and launch new projects. Plus, with their new Chain Development Kit, developers can easily create custom Layer 2 chains, adding even more flexibility to the platform. On top of that, Polygon has made some strategic acquisitions, like buying Toposware, to boost their tech capabilities. These moves show they’re serious about staying at the forefront of blockchain technology. All these factors combined make MATIC a token worth watching. With all the upgrades and strategic initiatives, Polygon is set to drive higher adoption and increased transaction volumes, which is great news for anyone holding MATIC. I believe from September til March 2025 we will see a hot crypto market. Hot enough to see a lot of coins rally.
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by TheTraderAndy
1
MATICHello I am sorry for what I want o say and I do not want to be rude but I really believe that Crypto market is not good place for wave traders (and probably the other methods) but for investment is a heaven. Some of coins are really confusing and I do not see any consistent correlation between them. MATIC is one of them and for now, what is happening in the upper yellow zone can be a triangle or a combination. For these situations that we can't distinguish the patterns the best solution is to focus on the price action and technical analysis techniques, so there are 2 scenarios: 1- more correction and triangle failed or it was just wave B of a combination 2- break out and start its rally as wave V. Simple notice: do not trade it as long as it does not break out the upper boundary of our imagined triangle. Thanks
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by AMA_FX
What's MATIC up to? When will it moon? 🚀🌙Cryptocurrencies have a four-year cycle due to the four-year halving cycle of BTC. If history repeats itself, MATIC could break out of its symmetrical triangle in the next few weeks or months. When this happens, the surge in its value could be very rapid. The last time this happened, it experienced an increase of 150 times its price. What happens next remains to be seen. Right now, it trades at the lower trend line of its symmetrical triangle, which creates a very interesting opportunity. :)
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by ValerianK