MTCUSD trade ideas
Polygon (MATICUSD) has Nested 1-2,i-ii Elliott Wave SetupPolygon (MATICUSD) has a wonderful nested "1-2,i-ii" setup in place after our recent pullback. In other words, we have a larger 1-2 in place and now a smaller-degree 1-2 in place as well with the rally and pullback over the past month or so. However, there reason to be cautious as this smaller-degree 1-2 has extended beyond the standard expectation of hitting the 0.382-0.618 extension range. While this could very well indicate incredible extension potentials overhead for the remainder of our 3rd wave, the structure can just as easily be interpreted as a giant A-B-C corrective wave up for a larger-degree B-wave fakeout rally, which can easily drop us deeper than our low from this past summer! I will remain bullish until we break the primary 1.00 support however.
With this pullback, we may very well have our last window to deploy lump sums of cash into Polygon if you are trying to build your position. To those considering starting to dollar-cost-average (DCA) into Polygon (as well as all the cryptos in general), I would recommend possibly starting with a sizeable lump sum right away and then reducing your regular DCA purchases into the future. This would keep your cost-average lower as I expect the 3rd wave to really take-off (in other words, less buying at higher price levels).
If we can hold our immediate upside support of 1.23, we are still 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 for an 8.5x return.
Finally, there is an outside shot that Polygon extends all the way up the major 0.618 extension level of 26.31 for a 17x return 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!
As this top along with the top of most altcoins will coincide with the MAJOR top expected in BTC and ETH, we may experience a devastating crash across the entire crypto world afterwards. That would be a great time to take profits and reallocate into other asset classes or even Stablecoins, which are designed to hold a constant value in the face of crypto sector volatility (just like Money Market funds or Savings Bonds). But until then, we've got a very bullish outlook!
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 video 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
matic to 10matic is ready to push the bitcoin market to new heights. This shitcoin will allow uniswap to climb out of the abyss it is in and to evolve into the ponzi it should have been a long time ago.
May wanna take profits soon!Matic is about to come into resistance in price action as well as the trend exhaustion. I'm taking some here.
MATIC Resolution Breakout COMING SOON!...MATIC longterm consolidation might be coming to and end with ready to breakout of the wedge.
IF there is a breakdown for any reason the look for supports at $1.5 and $1.35 to buy the dip
Breakout to the upside will push it higher
Breakout Target $2.00
Target-1 $2.60
Target-2 $3.35
matic polygon 1week look w/buy zones supports n trend lines_est.this is a one week look at matic or polygon. the green boxes are buy the dip boxes with the white or grey boxes support and blue resistance or points of interest and or lack of trading volume n action at that level.
hope this helps
Matic/usdNow it's matic traded in uptrend channel, where i think will happen this guys. MAKE YOUR PROFIT
MATIC completed head and shouldersMATIC has found support in the $1.54 range.
Assuming BTC is near the end of dumping, we could see a steady climb to challenge the RED trendline.
Good Luck
MATIC: Holding StrongIn addition to the giant triangle pattern formed on the weekly chart, MATIC has also formed a nice upward channel since mid-July. If this breakout plays out, the next MAJOR target would be $4+ in the next month or two. It can go higher, but for now, let's focus on reaching the 1.618 fib level.
This is not financial advice. These are just my ideas and opinions.
MATIC/USD set to break the intraday highs of $1.68Polygon price analysis is bullish today.
MATIC/USD saw another selloff overnight.
MATIC/USD is currently trading at $1.68
The triangle price pattern is bearish today, as we anticipate recovery to follow after another drop. Since the support level of $1.55 was recognized again, MATIC/USD should recover some of its losses during the next 24 hours.
The Awesome Oscillator displays red bars today, as MATIC/USD continues its drop. Since the triangle price pattern is bearish today, we should see MATIC/USD recover some of its losses during the next 24 hours. Losing another $0.2 against USD overnight left an impact on sentiment towards this cryptocurrency.
Matic/USd double bottom Double bottom structure formed on matic 15candles, i expect quite nice blow up these days. It depends on curecg covid situation, so we can go lower, if people will be scary and will sell more
Move to $3 Can be SwiftHonestly I missed the recent breakout to the upside. Yet still in a value zone. I entered with just 1/2 position now since it is not at a strategic entry level. If you are already holding, then look for profit taking around $3. Buying on any weakness going forward is a good thing to do. Good luck.
Matic short swing ~matic recently came down in 5 wave, and has seen a mean retracement into the local inversed golden zone.
not sure yet weather it was a wave A or a wave 1, but i'm swinging this in the same style as the last few setups i shared today.
100% extension target = $1.25
POLYGON “MATIC” LOADING UP
This is my prediction of MATIC….Chart looks extremely bullish to me. I also see increased volume following that upwards trend into a nice wedge “triangle”. Let me know what you guys think… I posted yesterday and nothing but upwards from where I posted.
MATIC NEW ALL TIME HIGHS ON THE WAYClassic cup and handle formation from matic
New all time highs are imminent
Happy thanksgiving guys
Matic BTC and USD 3d. Matic mostly naked alpha is in the chart. Quickswap DEX amazing.
Favorite quote I heard this week about matic and the quick swap DEX.
"Dragons do not pay for gas....we expel it"
POLYGON/MATIC 1DPOLYGON/MATIC USD
from bottom to top.
MACD- bullish crossover.
- oscillators going bullish
RSI - dipped under, then broke above, and
retested the 50 RSI level successfully.
Fibs - From the move that made the ATH it
retraced to the 0.786 fib and then bounced.
This rally created a swing high from the low.
That swing high then retraced to Golden Pocket
of the 0.618 - 0.65 fib. creating a higher low.
The next rally continued to the 0.236 fib and
retraced and bounced well from the AVwap of
the ATH.
Trade Frosty.
*This is not trading advice I just like to draw lines and color.
#MATIC gonna be inevitable | #MATICUSD Hello Padawans,
This is a quick update.
MATIC is one of the strong projects alive in cryptoverse with extremely low fees.
My view on MATIC is like on this chart.
Let's see what will happen next.
cheers.
May the force be with you.
Polygon Bullish Continuation Pattern $1.25-1.50 acting as accumulation zone. Resistance levels marked on chart
