MATIC Bull Run SoonMatic is about to break out in a bullish chart pattern.
Bull run about to start soon for MATIC.
10x is possible.
MTCUSD trade ideas
Can Polygon leave the penny Crypto area for ever❓Can MATIC break the $1 and leave the penny Crypto area for ever❓
The Renko Chart shows that Polygon is at an important support line🟩
If Polygon breaks through the trendline resistance as well a huge bullish future is ahead IMO🚀
Comments💭, Likes♥️, RT🔃 & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
MATIC Price Eyes 20% Jumps Post-$1 BreakoutImpressive Recovery: MATIC shows a strong recovery trend, nearing the significant $1 threshold.
Golden Crossover Potential: The narrowing gap between the 50D and 200D EMA indicates a possible golden crossover.
$1.20 Target: If MATIC surpasses $1, it could potentially reach $1.20, marking a 20% increase.
Market Resilience: Despite Bitcoin's struggle to break the $38,000 barrier, MATIC continues its upward trajectory.
Year-to-Date Growth: MATIC's price has grown by 26% this year, signaling a positive trend reversal.
Surge in Demand: MATIC's price has soared by 87% in the last 26 days, bouncing back strongly from the $0.50 mark.
Rounding Bottom Breakout: Price action analysis shows a rounding bottom breakout, surpassing the $0.85 supply zone.
Current Trading Price: MATIC is trading at $0.93, with a 5.80% intraday growth.
Technical Indicators: The RSI indicator is in the bullish overbought zone at 78%, and EMA trends suggest a bullish reversal.
Long-Term Prospects: Beyond $1, MATIC could challenge its 52-week high of $1.56.
Downside Risks: A reversal before hitting $1 could see MATIC drop to the $0.80 level.
Investment Consideration: The potential for a significant uptrend makes MATIC an interesting option for investors.
MATIC Currency Currency Exchange AnalysisLived in a long -term downward trend
Out of the downtrend line and three more hours this candle will be closed
I expect to go to the previous block at the time a week ago, which is priced 1.666 but before climbing this price must cross the resistance of 1.01 - 1.17 - 1.51
I am likely to be able to break this resistance too. I am optimistic
Shopping Springs and Wait for Three Months will make a good profit
MATICUSD: One more tick upwards, then correction.Polygon is cruising past the 1D MA200 on largely overbought 1D technicals (RSI = 82.582, MACD = 0.047, ADX = 72.673). We expect exhaustion to kick in near 0.87900 (Fibonacci 0.5 level) followed by a lengthy pullback to the 1D MA50. That will be the next buy opportunity, targeted at the R1 level and 0.786 Fibonacci (TP = 1.18950).
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MATICUSD with bullish flagBullish flag is one of the bullish continuation patterns. This pattern have a big success rate if we follow several rules :
BULLISH CONFIRMATION :
Trading with bullish flag needs extra patience, because this pattern need one full candle above flag resistance as bullish confirmation.
Entering the market with a hurry decision can be dangerous because if flag support breaks down, this pattern becomes invalid anymore.
In this example, we need one full candle above 0.6537 as confirmation .
INVALID BULLISH FLAG :
Consider this pattern invalid if :
1. flag support break down before bullish confirmation
2. flag channel drop and reach 1/2 pole. In this example 1/2 pole at 0.5763
If this pattern becomes invalid, forget it and try to find a new pattern to perform.
BULLISH FLAG PROFIT PROJECTION :
This pattern have a good profit projection with AB (pole) equal to CD (target). In this example our profit projection at 0.7979
BULLISH FLAG STOP LOSS :
Flag support level are also as stop loss level for this pattern. Mostly win to loss ratio for this setup are above 2
Let me know in the comment below if you have any points to add.
Can MATIC Climb Back To $1 This Year?Remarkable Recovery: MATIC price shows a strong uptrend, recently surpassing $0.75.
Double Bottom Reversal: Indicates a bullish trend with a 50% hike in the last 20 days.
Golden Crossover: A potential golden crossover in the EMAs suggests a sustained uptrend.
Volume Increase: Intraday trading volumes have spiked, supporting the bullish momentum.
Technical Indicators: Stochastic RSI near overbought territory, signaling strong buying pressure.
EMA Dynamics: The 50-day EMA trends positively, hinting at a golden crossover with the 200-day EMA.
Psychological Mark: MATIC approaches the significant $1 threshold as 2023 concludes.
YTD Recovery: Overcomes a 33% YTD drop, turning profitable post-Uptober gains.
Bullish Scenario: If MATIC sustains above $0.85, it could target the $1 mark.
Bearish Scenario: A dip below $0.75 could see MATIC fall to $0.55, testing buyer strength at $0.60.
2023 Outlook: MATIC price prediction is optimistic, with potential to top $1.
Current Trading Price: MATIC trades at $0.7633, with a 2.98% intraday growth.
Advanced Bullish DragonThis is a schematic i put together incorporating the different ideologies and methods of trading the Bullish Dragon / Double bottom pattern, and simple Elliot wave theory / Wyckoff method key points.
You've got your basic parts of the Dragon.
-Head - (top of supply line)
-Feet (double bottom)
-Spine (supply line)
-Hump (Overhead supply / double bottom confirmation level
Ive added the basic elliot wave structure underlining the different parts of the dragon including the impulsive (5 wave) and corrective (3 wave) segments.
Ive also detailed the different points within a wyckoff accumulation schematic each of these parts coincides with.
Ive included the measured move target of the double bottom, and labeled the .618 target of the dragon, and the 1.618 local extension
There are many different iterations of the dragon, and the way they bottom, but this is a common version ive seen in crypto lately, and often times despite having different bottoming methods, the measured move targets etc, are the similar or the same.
POLYGON PRICE PREDICTION 2023-2032: IS MATIC GOING PAST $1 SOON?POLYGON PRICE PREDICTION 2023-2032: IS MATIC GOING PAST $1 SOON?
Polygon Price Prediction 2023-2032
Polygon Price Prediction 2023 – up to $0.87
Polygon Price Prediction 2026 – up to $2.87
Polygon Price Prediction 2029 – up to $9.01
Polygon Price Prediction 2032 – up to $26.76
How much is MATIC worth?
Today, the price of Polygon (MATIC) stands at $0.68, experiencing a 24-hour trading volume of $133 million. The cryptocurrency has a market capitalization of $5.8 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has surged by 1.75%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.
MATIC price analysis: MATIC price faces bearish pressure in surging above $0.7
MATIC price analysis shows a bearish pattern after witnessing selling demand near the high of $0.7
Resistance for MATIC is present at $0.703
Support for MATIC/USD is present at $0.6033
Is a Breakout Imminent for MATIC?Current Market Position: MATIC price shows a strong double bottom reversal, indicating a bullish undertone.
Technical Patterns: The price faces a significant challenge at the 200-day EMA after surpassing the $0.65 level.
Potential for Uptrend: If MATIC can overcome the 200-day EMA resistance, an uptrend rally could target the $0.75 mark.
Channel Pattern Breakout: MATIC's price has been boosted by a breakout from a channel pattern, with a 30% increase in the last two weeks.
Year-End Expectations: The recovery rally positions Polygon for a potentially bullish end to 2023.
Trading Volume: A surge in trading volume accompanies the market recovery, supporting a bullish trend for MATIC.
Technical Indicators - MACD: The MACD indicator shows a narrowing bullish gap, suggesting a possible pullback.
Technical Indicators - EMA: The 50-day EMA is on the rise, hinting at a golden crossover, while the 200-day EMA presents resistance.
Intraday Trading: MATIC is trading at $0.67 with a 1.53% intraday growth, signaling a potential breakout.
Market Recovery: The overall market recovery has been a tailwind for MATIC's price, despite some underperformance earlier in the year.
Downside Risk: A reversal from the $0.65 level could see MATIC's price retract to $0.55 if the $0.60 support fails.
Market Watch: Traders are closely watching the 200-day EMA to see if MATIC can sustain its bullish momentum.
MATIC COIN I have been waiting for a chance to buy for a long time and now with the price reaching the bottom of my channel, it seems like a good time to buy to reach a new price.
Analysis and signal of MATIC CurrencyHad been successful in the uptrend and reached the resistance
I expect to go back to the unused ardler block
That is the price of 0.57
And then start the upward trend
Our Staplas is 0.64 and 0.63
Has a relatively high risk
MATICUSD Double bullish break-out.Polygon (MATICUSD) closed yesterday above the 1D MA100 (green trend-line) for the first time in 6 months. At the same time it broke above the top (Lower Highs trend-line) of the Falling Wedge pattern since February 18. The 1D RSI was already on a Higher Lows Bullish Divergence since Augst 22 so this is a technical bullish break-out for the long-term. Our target is the 1D MA200 (orange trend-line) at 0.7000.
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MATICMATIC created a potential bearish flag pattern from the June low.
It was easy to guess the top of the flag and the start of the descent.
At this moment, the lower trend line of the flag is broken.
It's hard for me to predict what the way down will look like, maybe it will test the trend line from below or even make a false reversal. Short positions would have it very easy if it only went down.
However, I think it will test the area of the June low by the end of the year, and if it holds and other conditions are met, there could be an upward turn.
MATIC/POLYGON - long position |AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity MATICUSD
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How will the matic work?It is in a support box
A positive rsi divergence is observed
I expect this support to be pulled towards the block order
Block order is located in our target
Vastaplus provides 4-hour support
MATIC No Fear Through Breakdown. A Must W@tchnot financial advice.
Breakdown of Matic and where we are going near term and potential moves into the future.
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Will MATIC price Surpass $0.65?Price Jump: MATIC price action shows a 3.63% increase, hinting at a bullish reversal.
Double Bottom: The price action suggests a double bottom reversal from the $0.50 level.
50-day EMA: A breakout above this level could propel MATIC to $0.65.
Market Recovery: A market-wide bullish trend is benefiting MATIC, placing it among the top gainers.
Uptober Spirits: The bullish sentiment for October could push MATIC towards $1 in 2023.
Resistance at $0.60: MATIC faces strong resistance at this level, failing to break the 50-day EMA.
Technical Reversal: An overnight jump of 3.71% keeps the price above $0.50.
Technical Indicators: MACD shows a potential positive crossover, while the 50-day EMA acts as dynamic resistance.
Current Price: MATIC is trading at $0.5304, with an intraday movement of -0.69%.
Optimistic Scenario: A breakout above the 50-day EMA could lead to a price of $0.65.
Pessimistic Scenario: A reversal from $0.60 could send MATIC back to $0.50.
Entry Point: The next crucial entry point for traders would be a breakout above the 50-day EMA.
✴️ Polygon (MATIC) | Yes & No!Yes, I am eternally bullish not because I am biased but because it is the right time to be bullish.
No, the signals are not in yet but this pair will also turn.
No, Polygon is not bullish but will turn bullish soon enough...
➖ Here we have a clear and strong V shaped bottom in June 2022.
➖ We have a developing Adam & Eve bottom in June-October 2023.
➖ Trading volume has been dropping since November 2021.
➖ We have a very strong long-term higher low.
➖ Now new lows vs an extended consolidation as the market transitions from bearish to recovery (sideways), from sideways to bullish...
👉 Since we are transitioning to bullish and we have confirmation from all across, we can say Yes, Polygon will also go up.
Namaste.
MATIC.USD (SHORT-TERM)Hello friends.
How are you today?
It's the second analysis that I publish today.
Many users asked me to talk about Matic for Short-Term
So I decided to talk about that briefly.
I use Gann Fan and Ichimoko and the time frame is Weekly.
According to the data, the price still respects the Gann Fan's line. It looks nice.
Also, I use ichimoko too.
Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3)
Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone.
But in the long-term, I expect more dropping, minimum to second support zone.
So, we have to be patient and see what will happen…
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
Have a good day
Ho3ein.mnD
MATIC Suffers As 50 EMA Triggers Sell-Off!Bearish Engulfing: MATIC forms a bearish engulfing candle in the daily chart.
50-day EMA Struggle: MATIC fails to reclaim the 50-day EMA.
5.65% Drop: MATIC price drops by 5.65%, warning of further downside.
Psychological Mark: MATIC may test the $0.50 psychological mark soon.
Recent Breakout: MATIC had a recent breakout but faced a bearish setback.
Current Price: MATIC is trading at $0.5306, with an intraday move of 0.25%.
Double Top Pattern: MATIC forms a double top pattern at the 50-day EMA.
RSI Indicator: Daily RSI line maintains a positive trend, hinting at a bullish divergence.
EMA Outlook: 50-day and 200-day EMAs act as catalysts for bearish reversal.
Sideways Trend: MATIC teases a sideways trend between $0.49 and $0.60.
Uptober Rally: MATIC's recent price action threatens the spirit of the Uptober rally.
Positive Reversal: A reversal from $0.50 could rechallenge the $0.60 resistance zone.
MATIC - Elliott Wave Overview ✅Here we have the 2week chart of MATIC. We can see that we're in a clear bullish motive wave.
We are currently in wave 4 which appears to be a complex ABC wave.
We are looking for subwave c move higher to complete wave B.
Trade Idea:
- Entry on red trendline break
- stops below the lows once trendline breaks
- Targets: 1, 1.4, taper
Goodluck and as always, trade safe!
