Polygon MATIC Entry Range, Take Profit and Stop LossAfter the sell signal
and the buy signal
here comes the continuation!
MATIC/USDT
Entry Range: $0.48 - 0.53
Take Profit 1: $0.62
Take Profit 2: $0.70
Take Profit 3: $0.93
Stop Loss: $0.41
Maticusd
MATICUSDT 1D Great potential for growth, but there are conditionToday we will consider what prospects are emerging for the Maticusdt trading pair
But to begin with, we offer you a look at our previous idea for a Maticusdt pair, which we did 2 months ago.
In it, we noted an important liquidity zone of $0.67-0.81. However, during the fall, there were no buyers in it. This was clearly visible when sellers easy fixed the Matic price below this zone, which in turn is a clear signal for activation of the red scenario.
Today, the chart shows signs of "recovery" and the desire for the Maticusd price to rise a little.
In the coming days/weeks, the $0.67-0.81 zone will act as strong resistance.
To continue the rapid growth with a maximum target of $1.10-1.20 , buyers need to anchor in the liquidity zone of $0.67-0.81 and follow the blue route.
If at the approach of $0.67 there are signs of weakening growth and will start consolidation below this zone, then activation of the red route is possible with a potential correction to $0.45
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MATIC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
89% drop already from ATH
97% drop is still possible (extra 8%)
This 8% from ATH is consider an 80% drop from current price.
RR: 11
Possible upside: 930%
Possible downside: 83%
This is the highest possible downside from all the other charts I see. I would stay away from margin trading this one. Risk is too big.
The thicker the green line, the heavier the support/resistance is.
MATIC looks excitingReally think there could be some exciting times ahead in this MATIC chart.
Looking how things are shaping up, the neckline of the inverse head and shoulders will coincide with the overhead macro resistance potentially very soon, after which, things could be very bullish.
I've drawn the two boxes, one green and one red, as i believe if price can get back into the green zone, breaking the LTF resistance, we are bullish (below that line, bearish). Back above the line, that price action below, becomes and deviation of a local low point.
I like how the correction here takes us to the 0.618 fib level, and also that it has a channel shape to it.
Below i will try and put where my long entries and stop-losses would be.
MATICUSD ❕ ascending trend lineMatic is above liquidity.
50MA broke up 200MA (4H TF)
BB indicator - the price is in the oversold area (4H TF)
MATIC has already moved out of the oversold RSI zone at 30m TF but is still there at 1H and 4H TFs.
I expect that the coin can rise if it holds the trend line.
MATIC / USDT LONGNormally I should avoid longs in a downtrend but I'm breaking my own rule.
Tp is top of the channel. SL below the wick.
MATICUSDT Emphatic rejection on the 1D MA50 for a bearish contin*** ***
For this particular analysis on MATIC we are using the MATICUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where MATIC got a solid rejection on its 1D MA50 (blue trend-line) on the June 25 1D candle and is pulling back towards the 0.32300 Support. The rejection also took place on the December 27 2021 (ATH) Lower Highs trend-line.
The trend has been bearish long-term within a Channel Down pattern. Even though the price action since June 18 resembles that post February 24 that did marginally break above the 1D MA50, unless we break above the Channel Down and the 1D MA100 (green trend-line), it is more likely to see a new selling wave to the 2.0 Fibonacci extension.
On the long-term, only a 1D candle closing above the 1D MA200 (orange trend-line) can restore the bullish trend with 2.0 - 2.10 as the initial target.
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Maticusdt in supply zone areaTrade moved and hit targets according to our all predictions. in recent analysis MATICUSDT trade has completed its correction path. Now we are in bullish zone. For long term entry, trade will get momentum from 20% fib level ( supply zone area) to hit 161% fib level.
✅TS ❕ MATICUSD: reached the support✅✅MATIC has reached the support level. A rebound up to the area of the resistance level is possible.✅
🚀 BUY scenario: long to the area of 0.6 - 0.65.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
MATIC / USDT LONGMATIC is forming double bottom on LTF. The 2nd bottom just below the first bottom will trap break out traders who went short. Tight stop loss. Target is Sunday's NPOC.
MATIC / USDT SHORTMATICUSDT was in a distribution range (yellow area). Yesterday it broke down and never retested. Today we might restest the 0.567 area. If we get a bearish reaction, I will take the short.
Matic - Rally Ends Here Don't be stupid buying or longing here
Whatever push it gives now
It will go down hard
You will be able to buy 2x more if you wait
MATIC long ideaAnother long idea here.
mindful of what bitcoin decides to do obviously.
But the candle patterns look good on this swing high here. Stops would be just below the recent swing low.
Target is the overhead resistance.
MATIC / USDT LONGSupport on EMA H1
Tight stop loss for great R/R
Bitcoin seems to hold the current level
Polygon (MATIC) - $0.60 - $0.65 to breakPolygon (MATIC) - $0.60 - $0.65 to break
That important price action and volume action area has to be broken as a first bullish signal
Current trial did not work - next to follow, right dear Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Polygon (MATIC) - June 27hello?
Traders, welcome.
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Have a good day.
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(MATICUSDT 1W Chart)
The interval 0.616-0.819 is the interval that determines the trend.
Therefore, the important key is whether it can be supported by rising to the 0.616-0.819 section.
(1D chart)
If the price is maintained above the MS-Signal indicator, it is expected to turn into an uptrend in the short and medium term.
However, careful trading is required as it is expected to lead to an additional rise only when it rises above the 0.819-0.889 section.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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MATICUSD ❕ upper boundary of the downward channelMATIC is moving in a downward channel near the upper boundary.
The asset has shown significant growth without a pullback.
TD Sequential indicator has formed a reversal signal down (4H TF)
The price is in the overbought zone of RSI (1H and 4H TFs)
I expect that the price will go down after fixing under the upper boundary of the channel.
✅TS ❕ MATICUSD: important level✅✅MATIC has reached an important resistance level, from which it has already started to rebound. I expect a downward movement.✅
🚀 SELL scenario: short to 0.50.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
MATIC retest longMATIC saw a break of resistance and then did a sort of retest. Before continuing. From how the price action is shaping up, I don think it would hurt to wait to see a decent retest of that resistance and see it turned to support, before a continuation.
Can take a long here with minimal risk.
MATICUSDT - Head and Shoulders Pattern!MATICUSDT (4h Chart) Technical analysis
MATICUSDT (4h Chart) Currently trading at $0.454
Buy level: Above $0.452
Stop loss: Below $0.372
Target 1: $0.50
Target 2: $0.548
Target 3: $0.61
Target 4: $0.75
Max Leverage 2x
Always keep Stop loss
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MATICUSD LONG 0.375 Stop 0.361 Take 0.63Matic is drawing head and shoulder, the excellent entry point at 0.375