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MTCUSD trade ideas

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
MLong
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
6
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 Cryptograhm1
MATIC - breakout targetsMATIC is about to breakout and challenge resistance levels... here are the ones I see: 2.72 - Previous ATH/ price discovery 2.85 - Uptrend 3.61 - Uptrend 4.35 - 1.618 Fib from genesis to 1.0 @ previous ATH MATIC is a beautiful beast benefitting both from L2 on ETH and in its own right as a competing layer 1 (SOL, AVAX, etc.) 2022 should be a stellar year for MATIC, Many are calling for $10 and that looks completely in the cards as a BoT. I'd look to sell chunks at $4.35, $7.00, and $9+. If you see a return to touch the orange bull market support line at ~$2 ... that has been a great opportunity to buy.
FTX:MATICUSDLong
by culbert425
3
Trade setup in Matic: Short, withHere is a pretty self explanatory Matic short setup chart with levels marked. Even though Matic is currently in an uptrend, I spotted a bearish rising wedge pattern, which can potentially break down. Note: As per trading best practice, it's best to take a trade after completion of the pattern (as of now, the pattern is still not valid because the wedge is still not broken), but the risk: reward is decent, and there is a nasty wick (bearish) on the 1H and 4H chart, which just convinced me to take the trade. Disclaimer: None of this is financial advice. If you wish to take the trade, make sure you are first comfortable of losing amount if your stoploss is hit. Please manage your risk accordingly. Happy trading. :)
FTX:MATICUSDShort
by Retail_Insider