#Crypto #Polygon - Trend is your frenMatic is setting a new recent high that was confirmed by RSI. It has just formed a nice bull flag.
Stochastic appears to be turning up.
All good news. Time to ride the trend with a short stop.
RSI for high was 70 so new high for RSI .
Slow STO is 53 so it has bottomed out above 50 which is a strong signal.
Volume was 14M on recent high and 4M on previous high.
Price is 0.773
Target 1 is 0.89
Stop loss at 0.71
MTCUSD trade ideas
✴️ Polygon With 6X Leverage (Experienced Traders/Adults Only)I am feeling kind of certain about the current condition of the Cryptocurrency market.
How about you, how are you feeling?
Leveraged trading is for experienced traders only or whomever wants to trade of course.
This is high risk and can result in liquidation and all money lost. If you don't know what you are doing, if you can't take a loss, please stay away.
With that said, let me show you my latest trade.
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LONG MATICUSDT
Leverage: 6X
Buy-in: $0.6500 - $0.6700
Targets:
1) $0.7410
2) $0.7800
3) $0.8700
4) $0.9620
5) $1.1111
6) $1.2300
7) $1.4750
8) $1.6500
Stop-loss: Close daily below $0.6300
Potential profits: 900%
Capital allocation: 3%
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Thank you for your continued support.
Namaste.
MATIC 7/3/23MATIC Depth chart on coinbase advanced shows the range? $0.65-0.75? I will get in around 0.6501 out around 0.7420 lol 14% move!
Fractal autoMATICaA.I running this chart must love fractally aesthetic B waves, just look at those B wave bits ...yummy ...
milk will flow like honey below .40
nfa
y axis only
dyor
Polygon is going to stay sideways and boring-Since 2021 if you have bought this coin and have not let go.. welcome to the sideways club because this coin has been on a rollercoaster of gains and declines inside this massive triangle that has formed. Triangle's can be very annoying if you do not like to trade them that is why we have angry emoji!!!! This coin should stay sideways for the coming future so if you are looking to get in at a price in this range you should be able too. I believe once this triangle is broke we should reach new Highs...
MATIC WILL NOT BREAKOUT UNTIL NEXT YEARa target of 3.3 to 5 for MATIC and a short term downside to 0.47
will not breakout until Dec 2024. Some ALTs will be sideways, until investors capitulate out of boredome. Liquidity will go somewhere. where else?? but to the Omega. -- XXX
Matic shortPolygon 2.0 architecture revealed, introduces unified liquidity & unlimited scalability
Formerly Matic Network, Polygon has seen attention lately, considering Securities and Exchange Commission clampdowns and platform delisting. Alongside other top alts, the SEC named MATIC as security in ongoing crypto regulation wave.
MATIC SHALL WE?Well looks like Matic is about to break the trend line very well
wait for the good break on the 1hr chart or 2hr chart, a retracement on 1hr or 30min chart and then we can long
Sl - 0.647
Tp 1 - 0.7
Tp 2 -0.78
tp 3 - 0.89
✴️ Polygon | One Of The Strongest AltcoinsMATICUSD is definitely one of the strongest Altcoins we've seen so far.
Even though this Altcoin project was mentioned in the SEC lawsuit, it remains trading within a higher low compared to last year and this at a much higher price, 50% higher than the June 2022 low.
And so we have a long-term higher low with a very strong long-term hidden bullish divergence on the RSI.
The hidden bullish divergence happens when the pair, MATICUSD in this case, produces a higher low yet the RSI produces a lower low.
Even though there can be additional correction short-term the probabilities favor the bulls.
This is going up regardless... If not within days, maximum weeks. That is what the chart is saying.
Namaste.
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding.
This is perfectly viewed on the 1week time frame where the price hit the 1week MA200.
As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022.
Buy and target the 1day MA100 on the medium term at 1.1500.
Follow us, like the idea and leave a comment below!!
Matic Sandeep Ball so DeepPrice back under high range, as of now its a deviation, any movement above the higher range shall be confirmation of cut losss
i hold grudge torward sandeep coz his ball so deep in matic.
MATIC STRONG BEARISH Falling KnifeTrend stron bearish
RSI Momentum below 50 strong bearish
Nearish Volume rising
Support will break soon
Matic will fall deeper
ADA, MATIC, SOL face the music as Robinhood delists tokens
Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for.
The decision to end support for the tokens caused a $387 million wipeout from the crypto market.
Several indicators revealed that ADA, SOL, and MATIC’s momentum were bearish.
The prices of Cardano , Polygon , and Solana tumbled in double-digit figures after Robinhood confirmed that it was delisting the tokens from its platform.
While the U.S. trading platform did not give cogent reasons for its decision, speculation went around that it was linked to the recent SEC “unregistered securities” tag.
Unlike recently targeted exchanges like Binance and Coinbase, Robinhood is duly regulated by the SEC. Hence, it could have been necessary to take such action.
Regulatory fear leads traders to liquidation
In its statement, Robinhood noted that no other coins were affected. But holders of the ADA, SOL, and MATIC had until 27 June to stop transacting the tokens.
As the sudden move sent shockwaves through the crypto market, the implication of the decision revealed itself.
According to CoinMarketCap, SOL’s value decreased by 22.47% in the last 24 hours. ADA could not escape the heat, registering a 23.06% decrease. As for MATIC, it was down by 26.12% within the same period.
Because of the significant decline in the prices of these tokens, liquidations in the past 24 hours surged to $387 million, with longs suffering the most.
Based on the liquidation heatmap from Coinglass above, SOL accounted for $15.15 million out of the total wipeout. MATIC’S liquidation went up to $8.54 million, while ADA was $15.87 million.
Red season for the cohort
Meanwhile, an evaluation of the ADA/USD daily chart showed that the token’s momentum had breached the oversold region, as indicated by the Relative Strength Index (RSI).
At 17.21, the RSI showed that selling pressure was tremendous. Thus, the momentum was bearish, and slight buying power might do almost nothing to save the price action from the press time state.
The daily timeframe of MATIC was not any better. This was because the Awesome Oscillator (AO) was down to -0.1139. Thus, AO crossing into the negative territory indicated a bearish signal.
Matic at the high range. Btc is at key level decision 28.4k and all i saw is price at high range.
Matic is at high range
Deviation from high range
Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range.
Invalidation of this when price make lower high above range high and continue make higher high.
Basis for this short
1. Macro seems like shit in coming months especially Q3 Q4
2. Tightening of credit facilities, its going to be hard to get new money
3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period.
4. On a higher time frame price still in range.
Matic is a no business zone right now sirWhat the hell you want to do in the middle of the range. No bizness shall be made in the middle , its either at top of the range of lower range sir.
waiting for good deals price action then i will act accordingly, else i am waiting
big brother CZ pumping to catch your stop loss.
Polygon Long TermThese are long term expectations in relation to Polygon prices and the most important levels that will be affected by them in the future
MATIC Could be sent much lowerOff the low in June, we got a full algo ending on 2.618.
Right now price is retracing from the december rally and about to lose the trend for 2nd time, so most likely local 0.886 will be tested (in case the move off the low has been impulsive)
If it was corrective however with an overlapping B most likely, 0.886 wont hold and Matic might finish this 5-legged move down on perfect fib confluence:
0.886 major
1.886 intermediate
4.236 local
Invalidation above B!
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Thanks!
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
[UPDATE MATIC] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use MATIC as a reference, it would look like this.
THIS IS A STAGE 2 SCENARIO.
Matic Polygon eyes 200% gains on PolygonPolygon in high-profile partnerships
Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform.
Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth about $71,000) on a public blockchain, marking a concrete step toward integrating cryptocurrencies into traditional financial frameworks.
MATIC, a utility and staking token within the Polygon blockchain ecosystem, rose over 13% to $0.985 after the announcements, accompanied by an uptick in daily trading volume.
MATIC’s upside move came as a part of a broader recovery rally across the crypto sector that started in mid-June. MATIC’s price has rebounded by more than 200%, a trend that will likely sustain in the coming months.
On the daily chart, MATIC has painted a cup-and-handle setup, which comprises a U-shaped recovery followed by a downward drifting channel. The token is now eyeing a decisive breakout above the pattern’s neckline range (the red bar in the chart below) to reach $2.89, its primary upside target.
As a rule of technical analysis, a cup-and-handle pattern’s target is measured after adding the distance between the cup’s bottom and neckline to the potential breakout point. As a result, MATIC is now eyeing a 200% price rally by the end of Q1 2023.
Fundamentally, MATIC’s demand could keep growing, given Polygon’s growing NFT projects launched by mainstream companies.
On the other hand, macro risks continue to threaten the ongoing crypto market recovery, which may hurt Polygon despite its growing partnerships with big-name brands. That being said, a strong pullback from the cup-and-handle pattern neckline range could invalidate the bullish setup altogether.
Technical analysis:
I have marked the important zones with numbers and explained them :
1 Agresive Sellers shortened Matic at 2.60. Technically The market had very low bullish volume and huge bearish Deltas .
The market broke the short term support at 1.75 and it became again resistance.
Now the sellers started to build their positions stronger. Long term buyers took partial profits here, new buyers took losses, and sellers sold more here.
The creation of more sell orders finally pulled down the market to the deepst waters0.39145
2 This zone was and is defending strongly by Matic Long holders.
The sellers took some profits here.The long term buyers bought more matic and new buyers came into the market.
Also some late sellers took losses here or took profits.Also some sellers became new buyers. More Buy orders pushed up and pumped matic to 1.40(Defended ell area=Double Resistance)
3 Long move has a double support 0.73 and 0.65 area
The increased volume and delta at this area supports buying positions,but also the volatility .
4 A break above 1.5463 increases more delta bullish and more buyers will support this positin but this time more agressively.
The market has higher highs and higher Lows structure.To build a long term Bullish trend, a break above 1.5460 is essential
5 A break and holding above 1.54680 finally establishes a strong lbullish long term trend
6A break of 1.6590 is catastrophic for the majortiy bulls,but the final support 0.38 could save them.
If this zone has lost, The sellers will control the market for a longer periode, as the resitance numbers make it very hard for bulls to take advantageof the bull trend.
MTCUSD-BY strategyThis one is also very much affected by the SEC case (Binance and Coinbase), same as the other coins out there. However, it has come a long way, and this one has potential to move back towards 0.7350 again.
Strategy is BUY @ 0.6000 area and take profit at 0.7175 for now.
MATIC📊 #MATICUSDT
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 0.7 $
📍The second buying limit: 0.63 $
📍The third buying limit: 0.47 $
📌TP1: 1.55 $
📌TP2: 2.9 $
📌TP3: 5.53 $
📌TP4: 12 $
