MATIC v. ETHMatic still on a downward shit trend against eth on yearly timeframe, but not to say it cant bust thu at some point
MTCUSD trade ideas
$MATIC Polygon looks posed to break out with from Triangle After retesting the center point of a 6 month triangle, MATIC looks posed to rally TO ABOVE $3 IN SHORT ORDER. Stop is pretty reasonable below $1.35. Especially with the 13% current yield on the stake. $4.75 and $7.20 targets in play on this move.
Sideways MATIC MovementI expect to see at least another bounce between 1.50 and 1.60 before a larger move is made. It looks like we broke out of a triangle and are moving sideways on the 1H chart.
I think the lowest we will see for a good while is in the $1.30 - $1.35 range, but we might jump back to $1.72 and encounter some resistance.
Based on the high ADX and -DI indicators on the 4H chart, I am leaning towards the lower move first.
What is everyone else thinking?
MATIC: Falling Wedge... Then Pump TimeMATIC double topped at around $2.20, causing a retrace of about 20% from the top. It is currently in a falling wedge and needs to break the top trend line for a bullish reversal. Watch these two support zones for an entry opportunity.
This is not financial advice. These are just my ideas and opinions.
Matic thoughtsI honestly don't even know what to think about matic right now I really thought it going to make its move but it really hasn't had a very good past couple of days. I'd love to hear thoughts on what direction you guys think matic will be moving because I honestly wouldn't be too shocked if it continues downwards before an eventual move upwards
Key level - MATIC▪Ascending trendline touched three times,
▪This level needs to hold for another bullish ride,
▪Ascending triangle printed with strong resistance on a grey box,
MATIC level testing and stabilizationMatic responds very well to market fluctuations, we see strong support and stable trend.
could Polygon breakdown the critical point?Fibo levels:
X=$0.28
1.6 BC=$0.154
2 BC=$0.32
2.24 BC=$0.51
2.6 BC=$1.06
1.6 XA=$5
3.6 BC=$7.28
$5 and $7.28 are massive resistances but if Polygon breakdown these resistances and the critical point anyone can't stop it.
A squeeze PatternHi traders,
Everything is on the chart. Do not hesitate to ask questions and comment your thoughts!
Stay safe
Matic UpdateMatic is currently above the form the right shoulder then break out to the upside, thats my probability. Lets send it up the moon!!!
MATIC long battle for ATHI believe MATIC will have a steady up hill climb and squeeze against the RED descending trend line.
Once broken, that is where we could see the impulse to test ATH.
Good Luck
Downside SlopingThe Polygon (MATICUSD) is currently sloping downward and my take on this is to wait till 121 INR and if it crosses below that then look for 117 INR and again if it crosses below that then look for 114 INR because that these three levels are very much important on a daily time frame.
114 INR is turning point. If it crosses below 149 INR then it may go deep down.
MATIC update 1.50 entry confirmed now ready for 2.5 and $3.00Got my entry now look for it go stay above the vwap @1.75 it will be ready to go. Be cautious below it
MATIC - Bounce time!?MATIC is in a good position to bounce at 8h TF. As you can see we`ve also got TD4 on this interval, bounce on the flow is possible ..., of course it is necessary to monitor what is happening with the BTC, as it can pull the price behind it despite the good setup.
An excellent indicator is available to you here:
MATIC primed for upsideThere appears to be a hammer candle, and MATIC is currently using 1.75 support. It could fall to 1.50 range as the next level of support.
Confluences:
Market structure of Higher Highs and Lower Highs
Hammer candle indicating bullish move
Breaking through 1.75 then using it as support.
Risking 20% (to 1.42) for 60% (to 2.82).
MATIC upside incomingMATIC sitting between 0.50-0.618 level, reloading upside and may print another ATH if the bull cycle continues.
$MATIC TAFIB
TRENDLINES
KEY LEVEL 1.80
When $ETH Breaks out into price discovery in Novemeber, expect MATIC to follow strong.
Matic provides scaling for ETH network as a layer two. It is also being used for NFTs and Crypto Gaming
MATIC: Consolidated at PRZ, momentum squeeze, volume shiftMatic is exhibiting some strong signs of an imminent upside move.
MATIC retest of 1.60 possible thereafter $3.50 ATH comingMATIC had agood clean breakout now pausing at $2.00 mark. It could very well be testing 1.60 level in coming days before taking off to higher levels and possibly breaking all time highs again.
MaticEntry 1.95 or 2.05 which is abov upper reisatnce of thi masive triangle.
1.95 might be the first entry for a big push to 2.03
Break 2.03 this target is 2.44
If this turns into a large W patten the W neckline is 2.22
Lower support is 1.83$
MATIC on the short term rise?We seem to be experiencing higher highs and higher lows over the course of the last couple of days, and the support around the $1.87 - $1.88 has held fairly consistently. We may continue that upward trend in parallel channel, but will be break through the $1.96 - $1.98 resistance?
MATICUSD breakdown and support zoneA greater market move needs to pull MATICUSD with it, but right now I see room for a move downward to $1.83 or $1.63.
