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MTCUSD trade ideas

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.
COINBASE:MATICUSD
by Coinpedia-Market-Insight
MATiC: Long Short PLAYBOOK Indians love to churn businesses so do projects with EXCELLENT marketing as evident in MATiC price action anchored to series of camaigns from Name Change POLYGON to recent zkEVM March rollout Gang of 8 Whales control the Price and looks like it loves to hunt stops in between the cost of HANDLER Asian Market handler in control Euro Market free for all organic market decides US new york .. handler decides on news event driven anchored to BTC and DXY Body Clock of Handler is it hunts liquidity at obvious floor ceiling beyond it notice the TRUMPET formation size you entry and Churn Milk this with the King of Japipur NOTE: do not use Logarithmic scale as it fools or tricks your eyes stick to normal chart that harami circled doji in Yello is an indecision or unfinished business of TRADE to be revisited
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by senyor
15
Will MATIC Price Reach The 200-day EMA?MATIC displays a bullish reversal with a falling wedge breakout. The price faces resistance at the 50-day EMA and $0.5911. A 25% price hike is expected, aiming for $0.71 close to the 200-day EMA. Google Cloud's staking of 10,000 MATIC boosts positive sentiment. Long-term correction in 2023 seems to be ending with a bullish momentum. Crucial bullish support found at $0.49. Double bottom reversal pattern observed. Consecutive bullish candles for four days, accounting for a 13% jump. Current trading price is $0.5618 with an intraday fall of 1.13%. MACD line spikes higher, indicating bullish momentum. RSI nearing the overbought boundary, signaling bullish strength. Failure to sustain above the 50-day EMA could lead to a price retest at $0.52 or $0.50.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
MATIC Price Analysis: MATIC Breaks Trendline, Hints 30% Hike!MATIC price action shows a potential bullish reversal. The 50-day EMA has been a major resistance, keeping bullish growth in check. A trendline breakout could unleash a new bullish rally. MATIC has been in a long-term downtrend, leading to a death cross. Recent support found at $0.49, teasing a potential reversal. The price is currently trading at $0.52, with a 5.23% jump in the last two days. A double bottom pattern is forming, signaling a potential trend reversal. A morning star pattern has also formed, adding to bullish indicators. MACD and signal lines avoid a bearish crossover, indicating bullish momentum. RSI struggles to break above the halfway mark but remains above the 14-day SMA. Upcoming resistance levels are at $0.59 and $0.71. Failure to sustain the uptrend could see the price drop to $0.42.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
Solid Buyers At $0.50 Eyes A Jump To $0.75!MATIC price action shows a falling channel pattern. 50-day EMA is keeping bullish growth in check. Trendline breakout could unleash a new bullish rally. MATIC has lost 67% of its value in the last 8 months. Strong support found at the psychological mark of $0.50. MATIC is under extreme bearish pressure. Strong demand at $0.50 is challenging the trendline. MATIC is trading at $0.5203 with a 1.15% growth in the last 24 hours. MACD and signal lines avoid a negative crossover. RSI maintains above the 14-day SMA but struggles to rise. Bullish divergence is seen in the daily-RSI. A breakout could push MATIC to $0.74, while a slide under $0.50 could lead to $0.40.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
Bearish ContinuationDear Trader, I trust you're doing alright. MATICUSD has broken out of the rectangle range. The current bias is bearish as the most recent price action is a break below the resistance level. We thus expect the price to continue downwards. On the other hand, if the price should trade above the trendline resistance and break the current static resistance level, this would change our bias to bullish. Dear trader, what is your thought on MATICUSD? Kindly like and comment below.
COINBASE:MATICUSDShort
by Aghughu
Bearish ContinuationDear Trader, I trust you're doing alright. MATICUSD is currently trading within a rectangle range. The current bias is bearish as the most recent price action is a break below the resistance level. We thus expect the price to continue downwards. On the other hand, if the price should trade above the trendline resistance and break the current static resistance level, this would change our bias to bullish. Dear trader, what is your thought on MATICUSD? Kindly like and comment below.
COINBASE:MATICUSD
by Aghughu
MATIC price is currently facing a bearish trend, challenging theMATIC price is currently facing a bearish trend, challenging the $0.50 support level. The crucial EMAs in the MATIC price chart are bearishly aligned. A breakdown below $0.50 could lead the MATIC price to drop to $0.45. Despite Bitcoin's potential comeback, MATIC struggles to tap into the bullish momentum. MATIC price shows a falling wedge pattern, which typically indicates a potential bullish reversal. The daily chart reveals a falling channel pattern with a 66% correction over the past seven months. A breakout from this trend could push MATIC towards the $0.60 mark, but a breakdown could lead to prices of $0.48 and $0.45.
COINBASE:MATICUSD
by Coinpedia-Market-Insight
Can the $0.52 Support Propel MATIC's Next Rally?MATIC price rebounds from the $0.52 mark. The current rally is testing the short-term resistance trendline. A successful trendline breakout could propel MATIC towards $0.60. Year-to-Date, MATIC has dropped by 25%, trading at a significant 64% discount from its 2023 peak of $1.56. Polygon (MATIC) finds strong support at $0.52, preventing a further decline to $0.50. A demand zone is forming at $0.52, hinting at a double bottom reversal with a target at the $0.62 resistance. MATIC forms a morning star pattern at $0.52 and has risen by 2.59%. The price action at $0.52 suggests a higher likelihood of a breakout. The 4-hour chart reveals a descending triangle pattern for MATIC. Technical indicators, including MACD and RSI, are bullish. A breakout above $0.60 could set MATIC on a path to $0.80. A bearish turn threatens the $0.52 support, with potential drops to $0.48 and $0.45.
COINBASE:MATICUSDLong
by Coinpedia-Market-Insight
Trapped In A Triangle MATIC Prices Are At Crossroads!MATIC price action shows a sharp decline, leading to the formation of a triangle pattern. A potential breakdown could see MATIC prices fall below $0.50 to $0.4480. Conversely, a bullish reversal might propel MATIC prices to $0.70. Polygon's price has found support at $0.53, hinting at a short recovery. The upcoming Bitcoin ETF's SEC deadline might bring a bullish spike for altcoins. MATIC's price action within the 4-hour chart forms a triangle pattern due to the resistance trendline. Despite crashing to the triangle's support trendline, MATIC prices have held firm. A potential positive cycle could see MATIC prices rise within the triangle. However, the recent 7.72% drop in 48 hours suggests a possible downtrend for Polygon below $0.50. Technical indicators like MACD and RSI show a bearish trend in the 4-hour chart, with the declining 50 and 200-day EMA reinforcing this sentiment. MATIC's price is trapped in a triangle, indicating a potential sharp move upon breakout. A bearish breakdown could push MATIC prices to $0.4480, while a bullish breakout might see prices nearing the $0.70 mark.
COINBASE:MATICUSD
by Coinpedia-Market-Insight
Web3 is Just Getting Started - Probably Around NowBeen noticing that the quality of feeds in my crypto stuff has improved recently. I think most of the grifters have left so there's a much higher chance to see the builders out there now. Kind of depends when you got in of course, but this winter is pretty much the same "flatline" that it has always been. It goes up, then it goes down. Usually back to where it started, plus or minus a few percent. As long as it doesn't go below where it used to be, though, there is always another chance to pop off. All I know is that people who got in during the hype (including myself) lost money, sometimes a lot. Those who stuck with it during times like these made money - sometimes a lot. It's simple, but also pretty difficult - it's only human to want to follow the hype, after all.
COINBASE:MATICUSD
by RyanTanaka
✴️ Polygon Is Ultra Bullish, I'll Explain Why...Rather than publishing this I should be working on a trade signal for my people, because this is a really strong pair/chart. Its been a while since we last looked at Polygon, MATICUSD. The chart is easy to read. ✔️ Short-term, we have a double bullish divergence, MATICUSD vs RSI & MACD. ✔️ Long-term, we have a very strong higher low forming a big ascending channel. These two signals put together, the higher low ascending channel with the short-term bullish divergence confirms what happens next. As the long correction is over, a higher high follows and this can go for 1 to 3 months... That's green, green, green all the way. Now I have to work on the trade. Enjoy your week. Sending you positive vibes. Thanks a lot for reading and for your continued support. Namaste.
CRYPTO:MATICUSDLong
by AlanSantana
4