MATIC $3 TargetWith a bullish inverse head and shoulders pattern despite the recent market events, I'm expecting MATIC to get to $3 in the next quarter. Also, Nexo is offering up to 20% interest on MATIC, so I bought today.
MTCUSD trade ideas
MATICUSD Bullish break-out possible to $3.00MATICUSD has been trading within a Channel Up (green pattern) and Higher Lows since July 20 market bottom. It was when the MACD indicator made its lowest Bullish Cross formation and we've seen the same Bullish Cross pattern on every Higher Low contact on that Channel Up with the most recent being in the last week of November. As you see this Cross is always the beginning of a new rally within the Channel Up.
There has been a Diverging Channel Up (red lines) mostly based on Higher Highs that has an upside limit right now around 2.600 - 2.700. If that breaks, Polygon should target $3.0, which is the decelerated rise percentage since the September 05 High and also slightly below the 2.5 Fibonacci retracement level.
The price has been supported on the 1D MA100 (green trend-line) since November 16 and on the 1D MA200 (orange trend-line) since July 20. Based on the MACD, we may be at the start of a strong 1 month rally.
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Matic Support Found?$matic #polygon H4 wanting to form a double bottom at the golden pocket with OBV about to break out of consolidation. Support at the 200 EMA and 100 MA also.
As long as Bitcoin doesnt dump hard again, we should see a nice 10-15% move here for Matic.
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
MATIC - Buy the dipWhilst MATIC is currently in a downswing, it is still well within an ascending parallel channel (blue). The various EMAs confirm the bullish setup.
Right now, MATIC is hitting a support zone (green horizontal rectangle). It might well hold. If it doesn't, MATIC will likely fall to the bottom border of the ascending parallel channel at around $1.65. If that holds and the prices bounces off it to break the downtrend resistance line, that is a great opportunity to buy into the upswing. PT $3.15 (100% FIB extension).
So for now my advice is wait and see, but be ready to pounce and make some good $$$.
MATICUSD (1H) Bearish reversalHi Traders
MATICUSD (1H Timeframe)
Waiting for the downward break of 1.97 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 2.12 would cancel the bearish scenario.
Trade details
Entry: 1.97
Stop loss: 2.12
Take profit 1: 1.88
Take profit 2: 1.73
Score: 6
Strategy: Bearish reversal
My Love For MATICUSD - I don't think it will go to the moon yetAs Of Late, MATIC has been gaining good traction on the Media, especially against ETH's high gas fees for NFT Minting.
The growth of MATIC has been slow but healthy.
Of which, there are great opportunities to Scalp this in the short term,
as well as accumulation of Assets for the good long term
Though i am very new trader,
I have been following the charts very closely and is sharpening my Technical Analysis over the day.
I have almost correctly predicted the movement of GRTUSD in my first publication after discovering TRADING VIEW
and here I am back again, to present my predication of MATIC USD
It will have to close this week at 2.20-2.30 to complete the last bull run for the positive teacup structure,
but it heads down for the next few days.
My initial prediction for MATIDUSD was to reach it's new ATH of 2.50 USD on the 16/2/22 after completing it's Teacup wave.
However, the uptrending channel will likely serve as a catalyst to reach a new high of 2.80 USD - which will subject to change when the growth is reassessed next week.
but based on my analysis, MATIC is not ready for the moon tonight.
It will drop to 1.70-1.80 USD at the lowest, where we can make another purchase and sell off at it's gradual climb at 2.80 USD.
My advice is,
buy a good portion of MATIC at the next dip of 1.70-1.80 USD,
then sell off some for secure profits,
and keep the rest and it may go for the January high.
Key date to take note is around 16/1/21.
it may reach it's highest high, and will dip in deep correction.
This might coincide with the next wave of correction with BTCUSD as well
Final note:
as a tarot reader, i have drawn "THE LOVERS" card, and here is how it guides us.
"If you are at a crossroads and want to move forward in a certain direction but feel ‘unsure’, put all doubt to the side. Press forward with confidence."
Love,
Dave Adeth
Singapore
Matic AnalyzeMatic Analyze
*DISCLAIMER*
I am not a financial advisor. The content I create should not be considered financial advice, and is for entertainment purposes only! This is a video for entertainment purposes ONLY. If stocks are mentioned on this videos, I may have an ownership interest in them (i.e. bought some shares) so please DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified appropriate professional for the subject you would like help with financial advice
Matic Fibonacci targetToday on the big dip, Matic defended exactly on fibonacci level, this is the target I am expecting to reach if everything goes well.
MATIC out of the Fibbo/Circle Target zone ! Seems the oprice cant go up fast because there is a lot of liquidation going on, now its going outside the main Fibo Cirle zone this is a grat opportunity to get in !
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***Polygon Future Price Predictions***
CoinQuora has a 2022 price target of $7.50 and a 2025 price target of $35. The 2022 price target represents an upside of 259%, while the 2025 target represents an upside of over 1,500%. CoinQuora cites Polygon’s exciting new developments and partnerships as well as technical analysis as reasoning for its price targets.
GovCapital has a 2026 price target of $10.92. This target represents an upside of more than 420%. The price target is based on a “custom algorithm” based on deep learning. The algorithm takes several factors into consideration, such as volume, market cycles and the performance of other coins.
WalletInvestor has a 2026 price target of $10.66. This price target represents an upside of 410%. The target is based on their artificial intelligence (AI) model and technical analysis.
Finally,
Digitalcoin has a 2028 price target of $9.33. This target represents an upside of 346%. Digitalcoin developed their Polygon price prediction based on historical data and a proprietary algorithm.
MATIC Following BTC Correction [10:51/Dec 3] MATIC Following a correction we have a main support resistance line that will impact the price and decision of the trend, some how it looks it can go and find a bottom around $2 this all depends on how low BTC can go on this weekend correction.
Get ready to add more matic later this day.
MaticMatic Finally about to confirm bullish sentiment ..It's setting up for a great run.....We just need confirmations to close green..BTC may have a dip down before, going up during December into January...If so that will most likely open up some good entry points on Matic..
matic ANALYSISPolygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
MATICUSD: Quick Short IdeaJust a quick short idea.
MATICUSD 4HR Chart.
Trading on double top.
TP: 38.2 level.
NOTE: Reversal.
MATIC top indicator and price targets High: $25
Mid-range: $15
Low: $10
Top indicators: RSI and RVI reaching 90-95 levels.
Breakout at XMAS. Combining Fibonacci retracement with pitchforkTLDR: Matic breaks out on December 27th after completing a full Fibonacci retracement and Wyckoff accumulation sequence. (Updated from my post on Nov 23rd. Please push "play" on that one)
I drew the Fibonacci retracement box backwards. Key levels are Fib 1.0 - $2.44 and Fib 0 - 0.62. The trendline predicts the breakout date. I think it is more or less XMAS day. I added a pitchfork for the first time. It added a bit of fun technical geometry to the drawing with some very interesting connections. See the little green arrow. Matic has the potential for a really explosive move above these Fib extension levels based on its historical performance. Check out the super old upper trendline at the top.
If you haven't drawn a Fibonacci retracement boxes backwards, try it on SOL and MANA. FIL is in one now! You'll see the breakout dates and subsequent moves higher instantly.
Looking forward to some comments.
Best of luck.
Not financial advice. Do your own due diligence. Have fun.
MATIC Bull TrendMATIC maintaining support on current trend and looking to consolidate support and continue upwards.
MATIC to fall to 1.45 resistance level and check for double top I am bearish on MATIC. Clear double top bearish pattern on MATICUSD on both 4H and 1D timeframe. In case of a breach of the 1.45 resistance level, it might head further down onto 1.0, the lower low of the pattern, which also intersects with Fibonacci 0.236 level.
Matic Price PREDICTION Elliott wave analysis shows that matic can end above 4$ during this leg up. NFA
Looking good for MaticCan Matic make it's way above the 2.72 range and take off? It's looking pretty good, and if it does next stop 3,4, 5, 6, 7 I think would be the top. The narrative of gaming, and the Metaverse are in it's favor as well. I'm bullish! How do you feel about what you are seeing, and where it's going? We will just have to kick back and see if it can continue to gain support above resistance.
#maticstarburst ON THE MOON SOON!!SUPPRESSION for so long once we break all time high… and cross over the red river we can easily see a $12 Matic Seeing that Blue territory for spikes in the Gann fan are common patterns… Study. DCA Safely Jon Fiorucci
