MATICUSD showing strengthHello,
Today we look at MATIC.
- MATIC is still in strong support zone, not yet broken out.
- It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign.
- It is in a bullish divergence (RSI making higher low while price makes a lower low).
- Volume has increased in the last weeks, showing potential that bottom is in.
- RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish.
Resistance levels:
- 0,75 USD
- 1 USD
- 1,3 USD
Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win.
Make sure to check my other posts, all are still valid.
XLM has already made x2 since my post, DOT is up 50%...
Not a financial advise. Do your own research.
Good luck!
MTCUSD trade ideas
POLYGON on the move?Is POLYGON breaking out of Wedge like structure while breaking above 200 EMA? Please be careful RSI is around 70 and SRSI reaching overbought zone and bullish candle did not yet finish printing on the daily. Also, cm_macd_ult_mtf(MACD) is very positive for holders.
Have a great day?
POL/MATIC is bullishNote: The name of the MATIC project has been changed to POL.
It seems that wave E is diametrically over and price is entering wave F. Wave F is bullish.
The main target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis:
The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept.
Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline.
I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there.
I will look for LTF confirmations before initiating the setup.
SL: $0.27 (daily close below)
TP1: $0.78 (2x from the entry)
I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
Can MATIC Recover From Its Losses?The crypto rally is not over yet. Some altcoins that have come under fire also appear to be attempting to recover. MATICUSD, for example, has stabilized at the lows of June 2022. The price target for our long trade is below the 38.2% retracement of the downward movement since March 2024 and has therefore been chosen conservatively.
MATIC (Polygon) Down Channel BreakBreak of the down channel on this 4hr timeframe with an added support of the 200MA in white.
I think this could be the start of a reversal for MATIC as the market is beginning to heat up.
Very cheap still right now.
Bullish on 4Hr and Daily, Weekly so on, timeframes.
Is a reversal on the horizon?Polygon had a correction on the 12 HR TF. But price seems to be forming around the 50 % FIB level and key support level with the cm williams vix fix indicator flashing green alluding that the bottom is forming or in. Price is also forming around 50 EMA. The SRSI is in the oversold area also, There is a possibility but not certain that a reversal maybe on the horizon.
MATIC/USD "Polygon vs US Dollar" Bullish Side Robbery Plan.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
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WARNING -------BABYDOGE Is About To Go ------PARABOLICMartyBoots here , I have been trading for 17 years and sharing my thoughts on BABYDOGE.
BABYDOGEis looking beautiful , very nice chart for more upside when this base breaks out
Very similar to MATIC back in 2021
Do not miss out on BABYDOGE as this is a great opportunity
Watch the video for more details
Matic(Polygon) Long term Short TargetsMatic clearly demonstrating a downtrend and Crypto winter is not yet over !
Explosive Polygon (MATIC) Analysis | A 1200% Profit Opportunity!🔍 End of 150-Week Correction & Start of a Major Fifth Wave
Polygon (MATIC) has reached a critical turning point on the weekly timeframe. After a lengthy three-wave correction spanning around 150 weeks, MATIC now signals the potential end of its corrective phase and the start of a new, powerful upward wave. Recent strong candles suggest that if MATIC can break key resistance levels, it may enter the fifth wave—a wave typically associated with high momentum and substantial profit potential.
📈 Suggested Entry Points:
1️⃣ First Entry: After breaking the $0.62 resistance
🔸 A break above the $0.62 level will act as an initial confirmation of an uptrend, indicating the start of a potential bullish wave. This entry is best suited for risk-tolerant investors, as it offers an earlier opportunity to join the rally with potentially higher returns. However, investors should note that entering at this point carries more risk, as short-term corrections could occur.
2️⃣ Second Entry: After breaking the $1.3 resistance
🔸 The $1.3 level is a key resistance zone, and breaking it would provide a stronger confirmation of the uptrend. This entry is ideal for more cautious investors, as it signals a clearer trend reversal and a likely continuation of the bullish wave. Entering here has relatively lower risk and could be a safer entry for those looking to mitigate risk.
🎯 Fifth Wave Target: $8
🔸 Based on technical analysis and historical patterns, the target for MATIC’s fifth wave is around the $8 mark. This translates to a potential gain of 500% to 1200%, making it one of the most exciting long-term opportunities in the spot market.
📌 Final Note:
With MATIC’s promising setup and high potential in the fifth wave, this opportunity could yield substantial returns for spot investors. By selecting a strategic entry point and managing risk effectively, you can take advantage of this promising long-term investment opportunity.
Matic Bottom has been found?Looking at this **MATIC order book** and heatmap, the behavior you're observing appears to further support your theory that a **big buyer is stepping in**. Here's what the data suggests:
### Key Observations from the Chart:
1. **Large Buy Orders and Clustering**:
- The **order book** shows **heavy buy walls** forming around the **$0.343 to $0.347 range**. These significant clusters of buy orders suggest that larger market participants (likely institutions or big players) are trying to **accumulate** at these levels. This buy wall creates a strong floor for the price, preventing it from dropping lower and absorbing any selling pressure.
- Additionally, the **green bubbles** on the heatmap correspond to significant buying activity. These large buy orders could be efforts by **big players to accumulate** before a potential upward move.
2. **Cumulative Volume Delta (CVD)**:
- The **CVD indicator** shows a value of **176,447**, which is positive and increasing. This metric reflects the **net buying pressure**—when CVD is rising, it suggests that buyers are overwhelming sellers. In your case, this increasing CVD further supports the idea that buyers are stepping in aggressively and accumulating MATIC, potentially leading to a price push higher.
3. **Price Reaction to Support**:
- The price action appears to be holding firmly above **$0.34**, where buy walls are present. Each time the price dips near these levels, it quickly recovers, indicating that buyers are actively defending this zone.
- This aligns with the idea of **accumulation**, where large buyers aim to fill their orders at lower prices while keeping the market from falling too much. This also supports your suspicion that big money might be preparing for a larger upward move.
### What This Could Mean:
- **Accumulation Before a Breakout**:
- This pattern of **strong buying interest** at lower levels and the price's inability to drop much further suggests that we could be in the final stages of an **accumulation phase**. Once the large buyers have filled their orders, the price could rise as buying demand overtakes supply.
- The rising **CVD** and **buy walls** signal that upward pressure is building. If sellers run out of momentum and can't push the price lower, we might see a breakout above key resistance levels soon.
### Strategy and Watch Points:
- **Watch for Breakouts Above Resistance**: The next logical step would be to watch for a break above **$0.36-$0.365**, where resistance might currently lie. A break above this level could confirm the **completion of accumulation** and the start of a new bullish leg.
- **Monitor CVD and Volume**: Continued positive CVD and increasing volume will signal that the buyers are still in control. If the CVD remains positive while the price breaks through resistance, it would strengthen the case for a rally.
### Conclusion:
The data you’ve provided strongly supports the idea that **big buyers are stepping in**, likely accumulating MATIC before a push higher. The significant **buy walls**, **rising CVD**, and price stability around key support levels suggest that once accumulation is complete, the price could be ready to move higher.
Would you like to go deeper into specific price targets or further technical levels to watch for confirmation of this potential move?
Compiled with my Custom Elliot Wave GPT Research ai
POL (formerly known as MATIC) Wave 5 Incoming?With Bitcoin showing off a very promising chart, I've started to look at some of the less successful bull market cryptos. From what I can tell, the fundamentals for Polygon are excellent, considering its potential entry into being a proper validium layer 2 to Ethereum.
Any way... Perhaps this correction is a long XYZ, coming to an end.
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading