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.
MTCUSD trade ideas
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
1.19.22 MATIC Ive been experimenting with the strategy of going long and short at the same time, in a way.
I know theres a name for this strategy but im forgetting it at the moment.
Anyway this strategy has been very successful for me so I am trying to document it more because I've been opening a lot of trades at the same time and its becoming hard to keep track of them all.
BTC dumped but is still showing a little strength for a bounce.
The DXY is pulling back a bit and SPX is still selling off.
I feel very soon crypto will get a big rally.
MATIC looks decent enough to take a shot at it. very low leverage (2x) and tight stop.
Theres a harmonic pattern too on the 4hr.
So in a sense we are playing both sides as you should when trading because the market is always moving in both directions. You're going to lose money no matter what so the best option is to mitigate losses. Ideally you're building up small amounts of profits over time.
We long support and short resistance. BUT ALWAYS with an edge.
There are two short positions there because I will add to my positions there. If the trend breaks resistance I will cut my shorts and ride the profits of my longs.
MATIC USD : Head and Shoulder's Pattern 1D TimeframeMy warm greetings to everyone
Nice to meet everyone who is looking for These Ideas. I will be glad to hear your opinion about this.
MATIC fell down from his last max $2.9 to $2. The Trend Line is near $2 and there are head and shoulder's pattern on 1D timeframe
If it drop under the $2 support zone and find its place under of it, we will see MATIC at $175 and even at $150.
SELL at $1.9
TP1 50% at $175
TP2 50% at $150
SL at $2.2
Be sure to use stop loss in your positions.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
MATICUSD D1: DISTRIBUTION / 50% correction(SL/TP)(UPDATE)Why get subbed to me on Tradingview?
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MATICUSD D1: DISTRIBUTION / 50% correction(SL/TP)(UPDATE)
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.
🔸 Summary and potential trade setup
::: MATICUSD D1 chart review
::: not a great looking chart
::: 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.
Matic Broke Major Daily Support LineMatic broke a very important support line, it will probably die a lot from here.
Long term short hold.....
MATIC 2nd Head & Shoulders Pattern???Chart is self explanatory. Regression Trend set at 2 Stan Dev. I am short for trading but long for investment. I currently don't see the major H&S playing out unless the entire crypto market shytes the bed. The first one worked like a charm. Loved how this has held up, relative to the alt coin spectrum, over the past month but seems to be losing it's staying power over the past week or so. I have the same feeling on ATOM. Good luck and I don't know SH_T about F_ _K so this is not investment advice. peace.
MATIC long term upside with short term fallCould this be a good setup?
Technical analysis says yes.
Long term price is most likely going up despite of this correction in the short term.
1.50$ per MATIC would be the perfect re-entry point.
Possible Head and ShouldersMatic has been ranging well, but a head and shoulders could be a problem at the diagonal support. It really could go either way once price gets back to support. Just something to pay attention to and act accordingly when/if the time comes.
MATIC 1$ ? : Be careful of this pattern Rising wedge + The bear power + Rsi still able to go lower on week TF (see the binance chart this is FTX :))
= More dump
Expect the unexpected. dont underestimate the bear power :P
Feel free to feedback / comment
Trade safe.. always place ur stop loss
Mil
matic/usd Double Top ? nahhhHi Folks,
Looks a little like a "Double top" to me, correct if I am wrong please.
But $2,45 will crack very soon, in my opinion.
Lets see what happens these days, don't no what price will be.
But the shit looks strong to me
this is just a thought , no advise
Head and Shoulders Formation on Matic?Possible head and shoulders formation here? However, Matic has been creating higher lows for months which is a bullish sign. Tough call on this one.
Matic usdtMatic on non stop train. Moving great compared with btc. This bull Matic gives good profit for holders.
Buy 1.7 to 2.3
Sell - on your wish.
More Matic. More Gann. Jan 30This is an update from my previous analysis on Dec 23. I've been drawing this Gann box for a few months and I have been able to trade some of the highs and lows based on my assumption that Matic will break out into the Gann and Fibonacci extension levels on or around Jan 30th. I use Gann boxes because of its relationship to time and market geometry. Feel free to zoom out on the page and study how I drew this box. If you like triangles, wedges, and trendlines, then a full-blown Gann box has everything you are looking for. Overlapping a Fib retracement box gives even more layers of geometry. Let's see what happens.
Not financial advice. Do your own due diligence. Have fun!
MATIC Mania is about to begin... againMATIC is squeezing again between that indicated narrow range. Once broken a strong push to $3 is very likely.
Good Luck
MATIC = LONGMatic can do MAGIC....just buy and hold till mid-March.
Recommended to Buy on 18th Jan 2022.
Like this idea ? Please do a thumbs up. Thanks for watching.
Pivot Yearly predictions for Mativc using hidden pivotsThis is a very basic but powerful trading idea published as part of my Crypto market analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $MaticUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
Polygon (MATIC) - January 13Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(MATICUSD 1W Chart)
Resistance section: 3.056-3.259
Support section: 1.634-1.837
If the price is maintained above the 2.447 point, it is expected to move towards resistance.
-------------------------------------
(MATICBTC 1W chart)
Resistance section: near the 0.00008526 point
Support period: 0.00003823-0.00004293
The interval 0.00007115-0.00007585 is the interval that determines the trend.
Therefore, the range of 0.00007115-0.00007585 can act as support and resistance, so trade cautiously.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$MATIC Alt Coin Showing Strength in ChannelI consider $MATIC to be an established leader in the alt coin/L2 space. It is respecting the upwards channel. My buy zones will be at the bottom of the trendline.
