CRYPTOCAP:MATIC Rising Wedge to Return to Major Support at $0.80 or less Matic is reversing to test prior support at $0.58-$0.80. See the rising wedge pattern in a bearish reversal pattern. Is a Rising Wedge Bullish or Bearish? A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate...
CRYPTOCAP:MATIC Final Throwback to Major Support $0.75-$0.80 With lower momentum and volume, MATIC appears to be headed lower to test major support between $0.70-$0.80. The moving averages are showing a change in trend to the downside for the next few days, potentially. Is this the pre-halving cool-off CRYPTOCAP:BTC is brining to the market post-hyped ETF...
CRYPTOCAP:MATIC Wyckoff Throwback at $0.86-$0.89 Then Re-Accumulation MATIC Polygon has looks like a textbook Wyckoff Accumulation Breakout and Mark-up Levels to watch are: $0.85-$0.89 in this throwback. Next resistance is $0.96, $1.00, $1.03. Lower support is $.8575, $0.80, $0.75. Do your own research. Cheers!
CRYPTOCAP:MATIC Throwback to $0.89 then Continuation? It appears that $0.89 is holding as support after a meteoric rise for CRYPTOCAP:MATIC , the Ethereum layer 2 that does it all. Next levels of resistance are $0.94, $1.00, $1.03. Lower support levels are $0.85, $0.80, $0.75.
CRYPTOCAP:MATIC is Challenging Resistance at $0.96 Similar to Dec 25 It took MATIC over 24 hours to break past the $0.96 barrier back in December 2023. It is following a similar duration today trying to break $0.96. Do you see any similarities? The 0.5 Fibbonacci level at $0.89 has acted as support. Deep support is $0.75, and $0.66 for scam wicks.
CRYPTOCAP:MATIC Volume Increasing, Inverse Head & Shoulders Level to watch $0.85, $0.94, $1.00. Support at $0.80, $0.73, $0.66 CRYPTOCAP:MATIC is leaving the lower support lines to challenge upper resistance lines.
CRYPTOCAP:MATIC appears to be printing a inverse head and shoulders pattern. If it breaks above the neckline then it may try to test the upper resistance lines at $0.96, $1.00, $1.03, $1.09. If it sustains a break above $1.00 then it might breakout? Just questions. Thanks.
CRYPTOCAP:MATIC The double bottom has played out to the upside reversing after a false breakdown to $0.7245. It's printing green now and following the cup line. May reject at $1.00 and retest support at $0.70 or lower accumulation zone? Just ideas and questions. Not advice.
CRYPTOCAP:MATIC double bottom and false breakdown has reversed appearing to continue to test resistance lines? A rejection at $1.03 may cause another test of the lower level support areas between $0.58-$0.80? When it makes it past $1.09 and sustains approve then a continuation to ATH may begin? Only questions. Do your own research. Not advice.
CRYPTOCAP:MATIC Double Bottom with False Breakdown? Has CRYPTOCAP:MATIC formed a double bottom with a false breakdown at the support line? Next Fib. level lower $0.7337. Just questions.
CRYPTOCAP:MATIC Consolidating at $0.80 Upside to $0.88 and back down? Upside to $1.03-$1.09 before continuation? Breakdown to lower levels at $0.66-$0.73?
CRYPTOCAP:MATIC Polygon is putting in a bottom $0.71 to $0.82. The EMA ribbons are barely turning green on the 4 hour chart. Wait for it to turn green. Looks to take 8-10 days to play out before the trend will clearly reverse since the drop to $0.71. This consolidating has reset the RSI and funding rates. A sustained break above $1.03-$109 will start a powerful...
Near has printed a head and shoulders pattern on its path to establish support after a delightful Santa rally to ~ $4.62. If the $2.51 level holds we are going to have another leg up to $4.60 +. Fib extensions into resistance could be $4.80, $5.09, or even $7+. It may bounce up from one of these lower fib retracement levels and not go very deep. It may turn around...
CRYPTOCAP:SOL moving toward approximately $60.50. The precision of its recent respect for the 0.786 Fibonacci retrace level is phenomenal. See the touch down at three points marked with the yellow trend line. It literally closed on the daily candle a mere $0.20 from the level two nights ago. Also see the trend intact as this recent price action aims for $60.50....