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MTCUSD trade ideas

bullish Matic/USD countthis is my bullish count for Matic/USD. It looks like its finishing up wave 4 and has a wave 5 target of 1.60 to complete the structure. I will be expecting a retracement from that point putting in a larger degree 2. the chart is showing some larger upside targets around 5.00 but will be made more clear IF matic hits the 5 wave target and completes the larger degree 2. This count has an invalidation point of 1.246. If price is crossing this point it will set up further down side risk. Trade safe, Devin
COINBASE:MATICUSDLong
by Devin567
Polygon Price AnalysisThe daily chart shows that after setting an all-time high of $2.900 in May, the MATIC price entered a bear market. By July, Polygon was 78% lower and beneath the 200 DMA at $0.657. However, crucially, MATIC finished the day at $0.689, triggering the second bull market of 2021. Within two months Polygon was 190% higher, topping out at $1.875 on the 5th of September. Since then, the price has been heading lower, resulting in a descending trendline, capping the price at $1.128. The 200-day moving average sits at $1.066, countering the trend resistance. If the MATIC price closes below $1.066, I expect to see a sharp decline. A logical target is the horizontal support of July’s $0.620 low, which coincidentally was the last visit to the 200 DMA. However, if Polygon clears trend resistance at $1.128, it would indicate the 200-day has done its job again. In that event, the bulls will be encouraged, and the MATIC price should quickly clear the 100 DMA at $1.281 and extend towards the September high.
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by thomasfullerofficial
Polygon (MATIC) - September 24Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (MATICUSD 1W Chart) - Mid-Long-Term Perspective Support and resistance are weak due to a sharp rise. Accordingly, careful trading is required. If the price maintains above the 0.234-0.346 range, we expect the uptrend to continue. It forms a high point in the section 1.073-1.169. So, if you fall in this zone, you can temporarily touch the 0.681-0.743 zone, so you need to think about how to respond. (1D chart) It is necessary to check whether the price can be maintained above the 1.073-1.169 section where the high point section is being formed. Accordingly, if the price is maintained above the 1.227 point, it is expected to turn into an uptrend. Resistance range: 1.634-1.837 Breaking out of the downtrend line is the priority to move towards resistance. Therefore, it is necessary to see if it can rise above the 1.443 point and raise expectations for an uptrend. If it falls in the 0.618-0.821 section, Stop Loss is required to preserve profit and loss. ------------------------------------- (MATICBTC 1W Chart) - Mid-Long-Term Perspective Support and resistance are weak due to a sharp rise. Accordingly, careful trading is required. If the price is maintained above the 573 satoshi-784 satoshi range, it is expected that the upward trend will continue. (1D chart) We are walking sideways in the section 2390 Satoshi-3294 Satoshi. Therefore, you need to check if there is any movement out of this section. Support section: 1471 Satoshi-1941 Satoshi section Resistance section: 3823 Satoshi-4293 Satoshi section I think this resistance section is a psychological resistance section to rise above the 4415 Satoshi point. Therefore, an upward break above this resistance area is expected to form a new uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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by readCrypto
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