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MTCUSD trade ideas

MATIC Potential Double TopMATIC is trending higher inside of an uptrend channel, but is putting in a potential double top. Price is trending above the short-term moving averages with all moving averages in a bullish cross. Lower indicators are all showing bullish trend and momentum behind price. Should MATIC pull back on double-top resistance watch for support in the $1.70-$1.45 area with additional support at the 200sma. A move above the double top and to new highs would indicate uptrend continuation.
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by PrepForProfit
Polygon (MATIC) About To Set New All Time HighsPolygon (MATIC) has been on a nice steady uptrend and doesn't show much signs of slowing down. Matic has continued to set higher lows and higher highs. Fundamentally there's a lot of positive momentum and sentiment in Matic considering their utility when it comes to NFTs, Ethereum Scaling, ZK rollup technology, metaverse, and gaming. These are all strong narratives that will continue to grow through out 2022. As of right low local support is at $2.40 -$2.50. A lot of accumulation happening around $1.85 - $2.00.
COINBASE:MATICUSDLong
by peacefuljustin
MATIC could be ahead of a major rally.My most recent MATICUSD analysis was on the short-term, where the Channel Up patterns accurately illustrated a target for us: Now that this short-term 3.000 target was hit, I am shifting my focus on the longer-term correlations. With the use of the CCI on the 1D time-frame, I've spotted this fractal which if repeated, will be extremely bullish for MATIC. As you see, we are at the end of a Higher Highs pattern (green Triangle), which is similar to the one formed in January 2021. Those were the last days of MATIC accumulation before a major parabolic rally broke out. The CCI sequences are identical. Practically what this suggests, is that if the Higher Highs trend-line breaks (dashed lines), the coin may start a parabolic rally that can easily double or triple in price. Do you expect this to play out in the same way? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
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by TradingShot
7
MATICUSD 1D - Playing with Fibonacci RetracementHi everyone, Thank you for considering reading my idea. Here we can see that MATIC is bouncing/rejecting off of different Fibonacci levels. A. Rejected at 0.5 level B. Bounced at 0.618 level C. Rejected at 1.618 level D. Bounced at 0.618 level E. Rejected at 1.414 level F. Bounced at 0.786 level G. Rejected at 1.618 level H. Expecting a bounce at 0.618 level around 2.2? Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
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by Juvssss
Polygon may be the ONLY crypto in its 3rd wave rally!Polygon (MATICUSD) stands alone atop the crypto space. Despite all the volatility and pattern invalidations seen across so many of the other cryptos, Polygon somehow manages to keep chugging along. The nested '1-2,i-ii' setup covered over the past 2 updates is alive and well! The rally is so powerful that the alt RED bearish pattern is invalidated! Yes, Polygon has actually managed to INVALIDATE its bearish RED pattern! If this isn't a 3rd wave, I don't know what is! Primary PURPLE Pattern: Polygon is looking at logarithmic Wave 3 projections of 4.86 to 6.35 with 6.35 being a likely strong resistance. Wave 5 projects to 7.49 to 9.78 but with a strong likelihood of extending to the resistance level at 12.85. There IS an outside shot that Polygon extends all the way up the major 0.618 extension level of 26.31 as our final top! But that will remain of low likelihood until we see strong extensions within the 3rd wave first. If history and fractal patterns serve as any indication, there's a solid chance of seeing a parabolic 3rd wave with this one! Bearish RED Alt Pattern: So with all the bullishness in Polygon, there must be a bearish alt pattern, right? Absolutely! What I have come up with is that our PURPLE subwave (1) and (2) could actually be RED A and B waves, respectively. And that would make our current rally since September 23rd an ENDING DIAGONAL C-wave. This A, B and C would make up the larger B-wave fake-out rally in this alt RED pattern. Right now, I'm not seeing anything bearish to make this a high-probability, but dipping back below 2.28 and then 1.90 would certainly catch my attention. And ending diagonals precede sharp reversals, so things could get really ugly really fast! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #matic #polygon #polygoncrypto #maticnetwork
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by Critique-al-Thinker
Moon TimeMATIC forming a series of HHs and HLs. Despite the recent pullback, MATIC just retesting the breakout here and looks primed to squeeze into price discovery in coming days (if Bitcoin can hold here). Hidden bullish daily RSI divergence as price made slight higher low and RSI made a lower low. 2021 has been a huge year for MATIC as its been one of the top 5 best performing coins. The past few weeks, MATIC has shown huge relative strength and wouldn't be surprised to see this end the year w/ fireworks 💥
COINBASE:MATICUSDLong
by ZenTradesRW
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Matic Price Recovery ( MATICUSD Analysis )Polygon’s native token, MATIC reached a new all-time high (ATH) of $2.9 on December 26 as the festive season bullishness pushed the larger market. That said, MATIC’s recent price discovery was not on the back of larger market movements, but the increased action and interest in the network. Driven by sustained network growth and high active addresses, MATIC’s price recently broke ATH and has been in a larger uptrend since December 15. Its high address activity has continued to show increased interest surrounding the Polygon Network with over 8,000 daily active addresses making MATIC one of the top-5 most active coins and most used coins. Further exchange balances for MATIC had dropped down to ATH levels as more coins left exchanges amid a positive sentiment. That being said a general rise in the number of larger transactions and large transaction volumes highlighted how the asset was seeing an increasing institutional interest as bigger players took over. In terms of fundamentals, MATIC looked good and presented a healthy rally but what does its rise tell about the market. Well, the recent MATIC rally saw the altcoin independently rally as its BTC correlation saw a new all-time low. MATIC’s gains are indicative of the rise in L-1 protocols as analysts have noted a spike in capital inflow in networks like Polygon, Solana, and Terra over the last month. Price-wise too, MATIC was in price discovery mode, much like Terra and Solana during their previous rallies. As retail and institutional interest in L-1s spiked over the last year, their total value locked also saw dramatic growth. So it seems like L-1s are looking ready to take on 2022, provided the network growth and on-chain activity sustains.
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by thomasfullerofficial
$3 Matic by Christmas?This is my first idea. Just a guess. NOT financial advice. Matic held up well and even gained some ground while other coins lost value in the wake of the Omicron/Evergrande/Federal Reserve announcement pullbacks. NFT investors and developers are fed up with high ETH's high transaction fees and are slowly migrating platforms to Matic. The recent ZkRollups announcement will only improve Matic's position and capabilities. If we can break out of the current downtrend, hold above $2.12-2.15, and get some more volume in the market, a Santa rally might play out something like this. I've been HODL-ing Matic since January 2020 and have high expectations for this token in the coming year! Remember to take profits on the way up.
FTX:MATICUSDLong
by Cryptograhm