MTCUSD trade ideas
MATIC/USDT long term viewMATIC/USDT is moving in parabolic direction while the fundamental is strong. The future is bright.
Matic still need a pullbackMatic is oversold on the 12H and needs a pullback. I am adding at 1.9 zone
simple analyse technique concernant MATIC la crypto monnaie matic est une crypto trés potentiale le graphique indique selon analyse technique que MATIC il a la posibilité d'augmenter avec le temps jusqu'a la prochain resistance.
Matic Long Term TargetKarnage's long term target for Polygon (MATIC) - has strong narrative in ZK rollups so could break resistance soon.
Most realistic path for MaticMatic seeing a nice methodical rise trading very technically which is very healthy, I would suspect we continue with that until we break through ATH then we can expand rather quickly, but unless we see bitcoin bounce back towards ATH i just don't think we see a crazy parabolic move like last time, but i've been long on this for quite some time and and that's not changing
MATICUSD wyckoff re-accumulationwyckoff re-accumulation COINBASE:MATICUSD MATICUSD BINANCEUS:MATICUSD
matic/usd Beautiful trend building upMatic has been following a trend with in the cannel pattern making it easier for us to know entries & exits.
MATICUSD LONGVolume on the faily chart has really picked up. All in support of the break of $2 and surge to ATH's.
Correction expected on MATICMATIC is still in uptrend channel but is expected to take a short term correction.
Rising Channel in play - discussionThere is a healthy negative correlation between MATIC and BTC
this is the primary reason why MATIC rose by nature during the flash crash.
now power packed by various whale pumps during the week,
we finally have an obvious looking ascending channel.
the question now is,
how far will it go?
the rest of the Coins who have high correlation between BTC such as GRT/VECHAIN,
have shown the formation of the Inverted Head and Shoulders/Diamond Bottom, and is supposed to bounce back by nature.
this means that MATIC might fall, which is a common thing in a diverse portfolio.
Will the whale pumps continue to bring us to a parabolic rally?
either of these does not bode well for us,
if MATIC were to continue to rise, it might actually give us clues that BTC will fall.
which will have a greater impact on the overall market.
thoughts?
$MATIC To The Moon, But... Wait a LittleSo everything suggests that $MATIC is going to the moon or at least reach a new ATH soon enough. As we can see in the chart, it broke out of the triangle but if we look at the RSI and the price (red dotted lines) we see there's a regular divergence which suggests a reversal, a bearish one. Also, if you look at the past retracement, it seems that it likes to pull right under 0.618 where it forms a strong support and bounces upward. The only time it went below was in May - July but we all know that was an anomaly since the entire market took a pretty brutal dump. I think we will see $MATIC under $1.90 before it takes off. I might be totally off but I am setting my buy order at $1.88. I would rather lose an opportunity than lose my capital when the market is this fickle. But one thing I am quite certain is that $MATIC will see ATH pretty soon. Not financial advice.
NEO 2017-18 - MATIC 2021-22Fractal pattern detected. Matic is coming close to break the resistance and go to new all-time highs
$MATIC UPDATEMATIC has a huge announcement tomorrow, Dec. 9th
I've been bullish on this for a long time!
Should be a big one for the med-term now that leverage is cleared from crypto market.
Comment if you have any questions!!
$MATIC AND ETHEREUM BULL FLAG OBSERVATIONI expect both polygon and ethereum to complete the flag pattern extension somewhere in the grey box. ethereum is already well inside the box, and it looks likely to move higher. polygon has been unusually strong during the pullbacks and I believe it is searching for valuation. It seems polygon has much more upside to come at this point.
Currently over 3000 protocols have migrated to the Polygon network!
view here: awesomepolygon.com
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.
Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
1. It is able to fully benefit from Ethereum’s network effects
2. It is inherently more secure
3. It is more open and powerful
this information is not a recommendation to buy or sell. please conduct your own research before investing.
MATIC FINISHING WAVE 5 TIME TO SHORT SOONJust an idea, Matic looking to close wave 5 soon. Next move is an ABC correction. (also depends if btc can regain momentum flipping R/S at 53.4k)
Strong Rejection or New ATH?MATIC is at a huge resistance. if it can close and hold above it, it's gonna have a nice breakout. If it cant hold, look to catch the falling knife! My bet is on breakout. See trend exhaustion. When it's above the golden line, it's bullish. when it's below it, it's bearish. so if the trend exhaustion bounces off the golden line, which i think it will, get ready for a nice bear butt hole rip! But be patient and wait for daily close.
MATIC - Long heading into 12/9 announcement similarities between circled areas (fractal is of the first circled area)
recall that eth eip-1559 announcement was NOT a 'buy the rumor, sell the news' trade, and this may not be, either.
Price moved up in the wake of that announcement, expecting the same to occur here, faking many out. The 1.618 fib is around $4.20, that is a rational price target if/when Eth goes to 5-6k.
MATIC pre-breakout pattern and "zk" dayMATIC, the native token of the Polygon blockchain, chart is one of the best currently on the market. I'm long since $1,5 when it touched support line, but will add more at breakout, then new price discovery mode for this token.
Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, offering an ecosystem with lower transaction costs and faster speeds than Ethereum.
There are some speculations over what the firm has called an “exciting announcement,” scheduled for Dec. 9 at Polygon virtual “zk day.” The event will centre around the applications of zk-STARKs and zero-knowledge (ZK) proofs, a type of cryptography that can verify whether a given statement is true without revealing the data that proves it.
Over the past several weeks, Polygon has also attracted interest from venture capitalists and institutional investors as Ethereum’s soaring gas fees have sent projects fleeing to cheaper blockchains.
Polygon reported all-time high network revenue for November and reached over 300,000 active addresses. Polygon also saw record monthly volume of nearly $60 million on non-fungible token (NFT) marketplace OpenSea last month.
Something new to look at. $MATIC textbook S/R test #TraderSnek$MATIC ready to launch it looks. Reminds me of the $TOTAL daily chart. Me likey.
