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Polygon Token (MTC)Polygon Token (MTC)Polygon Token (MTC)

Polygon Token (MTC)

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MTCUSD trade ideas

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
Revised! New breakout date Dec 7I will always be first to raise my hand and say, "maybe I drew that one wrong" Because of the price action overnight in Matic, I woke up very excited to revise this chart and draw a new backwards Fibonacci retracement box. I will be the first to admit if my initial posts from earlier this week were incorrect, and actually I hope they are! Because this chart revises both the breakout target and the Fibonacci extensions to more aggressive targets. A sneaky, cheeky trendline has appeared and I think it might be right. In the drawing above, I changed the Fib 1.0. to 2.83 (the high on May 18) instead of the 2.44 I had been using. It's a more traditional charting technique to take that high wick anyways. So that presented new Fib levels and a new trendline. The aggressive accumulation on the last few days looks like other pre-breakouts I have seen. Any close above 2.44 busts my initial prediction of an Xmas breakout and I would be more than happy with that. Dec 7 is more exciting anyways. My thoughts today while I sit at work drawing charts are: have I accumulated enough? Should I roll other coins into Matic? Is a more aggressive trendline more realistic? Have fun, best of luck. Let's see what happens! Due your own due diligence. Not financial advice. Just pretty pictures. Have fun.
COINBASE:MATICUSDLong
by Gamehenge
2
Polygon Price AnalysisIn isolation, Polygon’s prospects look constructive. However, my concerns are regarding the market as a whole. Bitcoin’s price action is sluggish and is likely to remain that way for the foreseeable future. Furthermore, due to the FOMC’s hawkish taper timeline, broader macro conditions are breaking down. Subsequently, the tailwind for crypto prices is dropping off. Furthermore, trading conditions are likely volatile and illiquid over the festive period. Therefore, Polygon could experience wild swings in price over the next two weeks. That’s why, in my opinion, closing or reducing profitable trades into year-end is often a sage move. If the market turns lower, a logical destination for the MATIC price is the 200-DAY Moving Average at $1.443, around 40% below the current price. Looking at BTC and Ethereum today, the chances of Polygon testing $1.443 in the next week or so is high. Furthermore, a broader market risk-off could extend MATIC towards $1.000 Of course, cryptos often defy logic, and on that basis, Polygon could continue higher even if the market turns. Subsequently, a close above $2.500 invalidates my bearish view. Hello, community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts.
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by thomasfullerofficial
Reasonable for MATIC to reach $3.00 within the next yearStrong healthy uptrend from the start, no parabolic movement since May 14. MATIC is finding support around $2.00, we may not have many more opportunities for an entry price below that level of support before the next upward movement. The chart indicates that short-term downward movement may be likely to continue, providing investors a more ideal entry point before new ATH is possible. The price action of 10x is unlikely because it would require MATIC to have a market cap ratio to bitcoin of 20% at BTC present-day value. This token has plenty of room to increase in value and a low chance of fading out in the near future. It will be reasonable for MATIC to reach $3.00 within the next year.
COINBASE:MATICUSDLong
by lydiascherr777