MATIC long term targets#MATIC #MATIC_LTA
weekly symmetrical triangle formation?
here are the potential targets based on the previous rise and fall cycle:
6.5$ area
12.4$
17.8$ - 29$
90$ - 113$ area
240$ (very optimistic tp)
MTCUSD trade ideas
Possible UP break of the MATIC channelIt's a pretty clear situation. MATIC has picked up recent bid and it's against the top of the channel going back some time, so IF MATIC breaks that channel I think there is a significany UPSIDE in this market.
$MATIC My First Elliot Wave ChartThis is my first attempt at using Elliot Wave Theory to make a price prediction. This one on MATIC. This is the daily chart. Let's see how it plays out. MATIC just made a big jump to the upside. Please feel free to offer advice or commentary as I'm just starting to publish ideas. I often get things right, but struggle to trust my own analysis. I am holding MATIC as a disclaimer.
NFA DYOR
KOG CRYPTO - MATICUSDWelcome all,
We're testing out some Crypto using our unique strategy and applying the algo. We're already running the test on this since last month so far running at 10% gain locked in.
It's a test at the moment, let's see how they perform.
As always, trade safe.
KOG
MATIC Price Eyes $2 With This BreakoutBullish Reversal Above $1: MATIC's price surpasses the crucial $1 mark, indicating a strong bullish momentum in the market.
23.60% Fibonacci Level Breakout: Polygon (MATIC) showcases a bullish breakout, surpassing the 23.60% Fibonacci retracement level, signaling potential for further gains.
Potential Bull Run to $2: The current trendline breakout and market dynamics project a possible uptrend towards the $2 mark.
New 52-Week High: MATIC achieving a new 52-week high suggests strong investor confidence and market sentiment towards Polygon.
Double Bottom Breakout: This chart pattern indicates a significant bullish reversal, enhancing prospects for a sustained bull run.
Support from Tech Giants: Meta's selection of MATIC for Instagram’s digital collectibles and Google Cloud's ownership highlight institutional support and confidence.
Challenging Overhead Resistance: MATIC is poised to challenge key resistance levels, fueled by the current bullish momentum.
Increased Trading Volume: A rise in trading volume supports the bullish trend, indicating heightened market activity and interest.
Daily RSI Approaching Overbought Zone: The RSI nearing the 70% mark reflects growing buying pressure and bullish sentiment.
Trendline Breakout to $1.5 and Beyond: The trajectory towards the $1.5 mark sets the stage for MATIC to target the $2 barrier, backed by strong technical indicators.
Will MATIC price Reclaim $2Quick Recovery and Challenge to Descending Trendline: MATIC's price has shown resilience with a quick recovery, challenging the descending trendline that has been in place.
Remarkable Weekly Jump: Last week, Polygon (MATIC) experienced a significant jump, increasing by 19.63%, signaling strong bullish momentum.
Potential Breakout of $1: The recovery and bullish revival hint at a possible breakout of the $1 mark, setting the stage for a continued uptrend.
Momentum Gain Amidst Market Recovery: This month's bullish turnaround for MATIC indicates growing momentum amidst broader market recovery.
Rounding Bottom Formation: A rounding bottom formation in MATIC's price trend suggests a bullish 2024, with potential for reclaiming $1 and setting new 52-week highs.
Weekly Chart Developments: The weekly chart shows a rounding reversal, indicating a momentum shift with a challenge at the crucial $1 psychological level.
Double Bottom Pattern Indication: A potential double bottom pattern with a neckline at $1 suggests a trend reversal, supported by a 34% increase in trading volume.
Current Trading Position: MATIC is currently trading at $0.9952, on the cusp of breaking above the $1 threshold.
Path Towards $2: The expected breakout rally could propel MATIC beyond $1, with Fibonacci levels indicating potential targets of $1.3370 and $1.6315, and the momentum possibly pushing the price to $2.
Risk of Retest Phase: A swift descent below the $0.96 mark could trigger an increase in selling pressure, potentially dropping the price to the $0.85 level.
$MATIC Head and Shoulder, But Which Way?Here we have one with lots of drawings.
On the bigger picture, in daily timeframe, I see a Head and Shoulder formation with neckline retest. Let's remember Head and Shoulder:
✅ Downward slopping neckline tends to bring the biggest price move (visible on daily)
✅ Highest volume is at the head or at the left shoulder (it is at the head in this case)
✅ Volume falls after the head, lowest volume is at right shoulder (it is)
❌ Volume after breakout is high (it's not, yet)
If this formation works, the best scenario of the worst scenario is that the 0.5992 line is going to support the price. If not, we might see as low as 0.5245 and even 0.4766.
Let's talk about the reverse Head and Shoulder in 4 hour timeframe, though.
❔Upward slopping neckline tends to bring the biggest price move (not happened)
✅ Highest volume is at the head or at the left shoulder (it is at the left shoulder in this case)
❔Volume falls after the head, lowest volume is at right shoulder (hmmm.. mehh.)
❔Volume after breakout is high (it hasn't happened yet)
▶️ In addition to these rules, "many H&S patterns are more complex and contain other patterns within them." (shout out to barbara rockefeller)
If the price at or after the 4 hour February 2, 7 AM candle bounces back up from 0.7898, it can create a mini cup and handle. Furthermore, if the bounces up from 0.7654, it can create a double bottom; however, this formation is accurate as a reversal pattern, not as a continuation pattern, so it may not be reliable in this case. Either way, 0.7654 is going to be an important support line.
Last scenario in my mind is that the price is just going to keep consolidate in sideways range and we will forget about these heads and shoulders. The math based indicators are more on this side in my opinion. Fundamentals can help the market decide that.
I wish everyone profitable trades.
this is not a financial advice in any sort of way.
MATIC LONG SET UP/ETH PUMPING Yooo!
These are my set ups for matic I'm anticipating a huge move on matic simply just looking at market cipher b up to 2.1!!!
Eth as well we can be seeing eth back up to 3100 back to the value area low of the bull market the ATLS are ready to run!
Did you stock up on your favorite cryptos!
Polygon (MATIC)Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.
Long Matic to $1+For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
MATIC may contract by 80% before next bullish rallyMATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
MATICUSD (4H) - Bullish breakoutHi Traders
MATICUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.8332 resistance level. Only the downward break of 0.7661 would cancel the bullish scenario.
Trade details
Entry: 0.8332
Stop loss: 0.7661
Take profit 1: 0.8746
Take profit 2: 0.9416
Score: 6
Strategy: Bullish breakout
Polygon Matic Long Buying opportunity for the next bull run.
Retracement to Fibonacci 0.618 is met.
Moving Average 200 is retested to confirm upward trend.
trendline level is respected over and over throughout the years.
I still think that BTC is going lower towards 36-35k which will create another buy opportunity.
Matic : A Lucrative Buying Opportunity For the Next Bull Run ?Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested in accumulating MATIC. This consolidation phase, as evidenced by the price action, could very well precede a significant upward move, making it a potentially opportune time to acquire a valuable position in this promising cryptocurrency.
Please note that this is a very longterm trade, If you want to accumulate buy only spot.
Polygon predictionThis is just my idea. I’m a long term holder. If we hold the lows we’re going to the moon. Price action is going to be key these next couple weeks. I’m very bullish on poly. Secure the bag and risk what you can afford to loose
Matic Breakout TargetsMatic is primed like the rest of the falling wedge alts.
Not much of a patter trader but these look delicious.
First target the Point of Control (white line)
Second Target - Imbalance above the Value area high (blue line)
Third Target is a special surprise
Happy Trading
MATIC HARMONIC PATTERNMatic possible Harmonic pattern.
Downside is also very likely beacuse of a BTC top.
Crypto Altcoin Gem. Polygon(MATIC)I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support area which I believe will coincide with the beginning of a extreme and lucrative bull run in the crypto markets, were likely to see a increase of around 100% on this coin.
MATIC MIGHTMATIC/USD and MATIC/BTC
- Both reaching into oversold levels on the RSI
- Both in parallel channels & near or at bottom
A long term accumulation window may be opening here
Its very important to review my TOTAL 2 and TOTAL 3 Altcoin charts which shoe that a secular bull run for alts is more probable between Dec 2023 and Mar 2024.
Regardless now is the time and over the next 6 months to be considering accumulation for LONG TERM trade.
Polygon (MATIC) Poised for Further Growth
CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long.
An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly accelerate MATIC's growth.
A temporary correction might bring MATIC down to support zones at $0.811–$0.834 and further to $0.796. Any further downward movement would depend on the overall market trends, particularly those of Bitcoin.
MATIC Price Analysis: Gearing Up for a 33% SurgeMarket Context: MATIC shows recovery, aligned with positive market sentiments post-Bitcoin Spot ETF approval.
Technical Structure: A rounding reversal in the weekly chart hints at an imminent rally towards $1.33.
Current Status: Despite a 17.35% drop last week, MATIC is rebounding, supported by a 12.51% weekly rise.
Volume Indicator: A significant 64% increase in 24H trading volume bolsters the breakout potential.
Resistance Challenge: MATIC faces a tough resistance trendline around $1, pivotal for the rally’s continuation.
Price Movements: Trading around $0.9013, MATIC exhibits bullish signals in the daily chart.
Technical Indicators:
RSI: Indicates a stable trend above the midpoint, devoid of bearish divergences.
MACD: Positive crossover above zero, but fluctuating histograms suggest caution.
What was the impact of Grayscale's decision to remove Polygon?The Impact of Grayscale's Fund Rebalancing In a surprising change of events, Grayscale has pulled Polygon (MATIC), a $8 billion crypto project, from its Digital Large Cap Fund. The decision was stated in a recent news release in which the corporation reported its most recent fund rebalance. Grayscale's move to sell off portions of the fund's present components depending on their weightings has had a substantial impact on Polygon (MATIC), which was excluded as a result.
Polygon Going up in a channel? (Currently at Bottom)Seems Clear, will it outperform Solana? It could also break down from here cause it has several hits in this channel already on both ends and near the middle...
