Polygon [MATIC] will see more sell pressure below $0.9780Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan).
A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe).
The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position.
Entry: $0.9780 (below bullish OB)
Exit/target: $0.9515 (lower support)
Stop-loss: $0.9865 (above the bullish OB)
R:R - 3
Polygonusdt
Polygon aka Matic nice uptrend hey everyone,
Polygon is in nice constructive uptrend direction... it may or may not pull back to strong support trendline because its currently consolidating at the point where it is... Previous high was 1.55 approx... next high is 1.72... this year the polygon may break its previous high of $3 if crypto market remain bullish till end of this year... the lowest it can go is 0.98-1.00 since price is above 200ma.. the price may retest the 200ma if market crashes
good luck ...
MATIC Pattern in Weekly TimeframeMatic seems to be remaking the pattern it did before 2021 on the weekly timeframe. The final fix will be the last buying opportunity for me. It is clear that the correction will come up to the 40-week moving average.
MATIC is under bearish controlMATIC is so different from the whole market. However, it's also in a bearish state. but keep in mind that in case of any consolidation (of the bearish movement), MATIC will have a stronger move and will catch the green zone. then it (and the market) will continue the downtrend.
its best timeframe to daytrade is 15min. only open short in market demand saturation.
MATIC: Approaching SupportPolygon (MATIC) technical analysis:
Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support, which could be an attractive swing entry. Momentum is inflecting bullish again (MACD Histogram rising).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.60.
What will happen to MATIC after leaving the $1 penny Crypto areaWhat will happen to MATIC after leaving the $1 penny Crypto area❓
The Renko Chart shows that Polygon is at an important support line🟩
Chances for a bullish breakout confirmation are good IMO🚀
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
$Matic - End of PUMP Era - Retest $0.3Matic printing BEAR FLAG pattern just like $BTC did Jan-Apr 2022 (TERRA LUNA COLLAPSE)
POLYGON had already gone through big announcements and finally Sell the HYPE?
And ARBITRUM taking the edge over POLYGON
Complacency Phase. Expecting New All Time Low
MATIC trade setup The idea is: Buy when the price breaks above 1.535$ and take profits at the levels shown in the chart.
Targets:
1. 1.56$
2. 1.62$
3. 1.68$
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What's a Fair Value Gap (FVG) ?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Polygon MATIC price will double or halve its value in few monthFinally, altcoins have started their upward movement, most of the ideas we have published on different coins over the past 2–3 weeks are in the process of working out the targets.
But the MATICUSDT price did not grow much on the crypto market in the last few days. In fact, the MATIC price was one of the first to break out of the downward trend in the summer of 2022 and has been in a protracted consolidation since then.
The way out of such consolidation will be a powerful impulse movement that will double the value of the Polygon token or halve it.
Therefore, it is very important to monitor the behavior of the MATICUSDT price around $0.75.
Another holding of the price above this level will increase the chance of starting growth to $1.50 per MATIC
However, if sellers can easily push and fix the price below $0.70-0.75, then this will be a signal that keeping MATIC in your portfolio may be unprofitable. After all, because of such conditions, an almost unobstructed path will open for the price to fall to 0.44
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MATIC/POLYGONIm Expecting price to go lower.
Trade base on your own decissions.
Come and check me out for more
MATIC: Approaching ResistancePolygon (MATIC) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($0.75-$1.00), trends have reversed to Uptrend and price is near another major resistance zone at $1.30. wait for price to 1) break above $1.30, or 2) pull back near $1.00-1.10 support for swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.75. The nearest Resistance Zone is $1.30.
POLYGON MATIC SHORT TRADE Heres a Quick SHORT SETUP
entry - 1.1718
stop-loss 1.922
Take profit 1.112
MATIC - Long scenarioThere are possible scenarios for matic to move upward.
targets are on the chart and keep in mind that any position you open, should have stoploss on 0.7. design your position with this SL and a good risk/reward.
in the green zone, we might have very low momentum, but as daily MACD gets above 0, it will jump.
all the idea will expire after getting lower than 0.7
MATIC GONNA EXPLODEHidden bullish div on MFI. MFI is forming a falling wedge which will explode upside.
Feel free to comment your opinion.
Polygon: Holy Poly Guacamole 🥑Let's show 'em how it's done! Polygon continues to spike up and should exceed the resistance line at $1.30, if it carries on with its bullish temper. Our alternative scenario implies, that MATIC could drop below the support line at $0.689 until it reaches the end of the blue wave alt. (ii).
Polygon Long TermJudging by the moving averages on the weekly timeframe, closing the week below $0.75 will pull us to the level of $0.62. Conversely, staying above the $0.90 resistance is essential for a sustained rise to start. Closing this week with a green candle could target the $0.90 resistance.
Polygon (MATIC/USDT) Poised to hit $1 SoonBitcoin price has been largely bullish since the beginning of 2023 and after recording a series of bullish candles, the bulls apparently look exhausted. It appears that the price corrections are just to attract more liquidity over the platform which is more required to uplift the price to reach the desired target of $20,000 very soon.
In the meantimes some of the altcoins including Polygon(MATIC) are preparing to lay down a firm upswing. To be specific, the MATIC price is believed to rise high beyond $1
The MATIC price currently displaying immense strength as it is about to accomplish a parabolic recovery to reach the neckline of the consolidation.
After reaching the resistance, the price may witness a significant pullback to the lower support around $0.84 and ignite a notable upswing towards the interim resistance at $0.91
Here the bulls are required to hold their strength which may propel the price higher above the crucial resistance at $0.95 which may in turn uplift the price beyond $1
Polygon MATIC Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Polygon MATIC are:
MATIC/USDT short
Entry Range: $0.84 - 87
Take Profit 1: $0.74
Take Profit 2: $0.61
Take Profit 3: $0.56
Stop Loss: $0.98
Polygon MATIC bullish ahead of the FOMC Press ConferenceI am bullish on Polygon MATIC ahead of the FOMC Press Conference.
Those are my price targets:
MATIC/USDT
Entry Range: $0.85 - 90
Take Profit 1: $0.96
Take Profit 2: $1.07
Take Profit 3: $1.19
Stop Loss: $0.77
MATIC Support and ResistancesThe support and resistance levels for MATIC in the hourly timeframe are as seen in the chart. In case of a decrease below 0.74 level, 0.72 should be waited to buy. My strategy will be about lowering the average as it decreases by buying at the supports and gradual selling at the resistances. For long-term purchases, you can look at the analyzes I made in the daily time frame.
Matic (Polygon) Gem EditionPolygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
#Instagram launches NFTs on Polygon
#arrow-rightStripe launches global payouts with crypto using Polygon
Sadly correction is needed!
Year-End Targets for Polygon(MATIC/USDT)! Will it Hit $1?Polygon price displayed immense strength since the start of December 2022, but the FUD related to Binance insolvency, the price of MATIC and various cryptos slashed hard in no time. Meanwhile, the price is attempting very hard to keep up a bullish trend and hence trading within a bullish ascending triangle . However, the token has faced constant rejections at the resistance and the recent drop substantiates the bearish grip at these levels. Therefore, the pice may continue to trade within the pattern until the end of 2022 and ignite a notable upswing in the first few days if 2022.
The MATIC price is expected to rise high and test the crucial resistance zone but may again face a rejection for one last time. The price may again reach the lower support and rebound which could bring the asset towards the pinnacle. Here, depending on the induced volume, the price may break above the ascending triangle to test the upper resistance at $0.819. Meanwhile the possibility of reaching beyond $1 appears to be pretty less at the moment but cannot be completely discarded.
With a slight change in the market sentiments, the price is believed to rise high and achieve $1 mark in the firs few days of 2023.
