Get started

Polygonusdt

Polygon Bounces Off Golden Ratio While the media has called this a "crypto winter" and even some experienced traders are calling for crypto to "go to zero", I've been trading based on nothing but the charts and it's paid off. I bought Polygon at its Golden Ratio last month and the price bounced and broke above the EMA exp ribbon. It has more than doubled in a month. It's amazing how few people understand what the blockchain is, and even fewer who understand what Polygon is or why it will be valuable in the future. While I expect Polygon to go down to re-test the EMA before breaking above the non-log Fibonacci level (not pictured on this chart), I will add more and raise my stop loss. When you hear people say "crypto will go to zero" you know we're close to a bottom. Sentiment does not get any more bearish than that. Whenever you hear people saying that price will go to zero, BUT the charts continue to show a log growth curve, wait until you no longer see capitulation candles (long upper wicks) and the price will rebound. Works almost every time and you can make tremendous amounts of money quickly. If you're wrong, then let your stop loss trigger. Limit loss, not profit. Despite being in a "crypto winter", 100% of my crypto holdings are in the green, some by a lot. I did not start buying any crypto until June 2022 (I sold my original Bitcoin holding in the latter part of 2021 because there were too many people saying it's going to 100k, some were saying even 500k). With that type of mania, I knew it was time to sell. It's funny that some of the same "experts" on Trading View who were saying in November 2021 that crypto was blasting off to the moon, are now saying it's going to zero. Hearing them now say that price is going to zero means it's time to start buying. Knowing when to buy and sell is all in the charts. Also important is the crypto seasonality chart: bitcoinmonthlyreturn.com. We're coming up on August and September which tend to be more bearish than bullish. Have your stop losses in place. The crypto fear and greed index is a great contrarian indicator too: alternative.me When sentiment remains suppressed for a prolonged period of time, that usually signals a bottom. All the weak hands, and leveraged accounts on margin would have sold by the time this sentiment shifts away from fear. By that time all the worthless tokens and worthless algorithms have gone to zero. Those who own quality crypto assets like BTC, ETH, SOL, MATIC, etc., should be happy for this crypto winter. When the tide goes out you will see who the real winners are. Additionally, the crash in Bitcoin and the crypto capitalization is in large part due to monetary policy. Monetary tightening, and even worse, a reduction in the money supply (of the US dollar), causes all currency to crash relative to the US dollar. Money supply very rarely is reduced (as it stifles economic growth). Consumer spending is the heart of American economic growth so the Federal Reserve rarely finds itself in a scenario whereby reducing the money supply actually makes sense. The money supply typically grows exponentially. One can actually draw a linear log regression channel for the entire history of the US money supply and one will see that the money supply always remains in the channel (meaning it always has gone up exponentially). So knowing this means that, soon enough, the printing press will start up again, and more money will be printed exponentially and that this rare period when the money supply is being reduced is actually a rare buying opportunity for cryptocurrency. Anyone saying that we'll never get back to the level of cash infusion that we saw in 2020 clearly does not understand math or exponents. We will not only get back to that level of M2SL, but we'll fly past it in the future, (we just probably won't see that level of ROC in M2SL). Finally, and importantly, not all crypto is the same. There are definitely many crypto tokens that actually will go to zero. The easiest way to shake out which crypto will go to the moon vs. go to zero is simply analyze the crypto relative to the US dollar. Doing so is actually simple on Trading View, just use the equation 1/(Insert Crypto Token/USD). This will show you which way the US dollar is moving relative to the value of that crypto. You want to see the USD moving down relative to the crypto. If the USD is moving up relative to the crypto, then that crypto is moving toward zero. Here's an example of DOGE. Note that the USD is moving up relative to DOGE, which in turn means that the DOGE token is moving toward zero. Seeing this chart and hearing Elon Musk support this token just makes me sad for everyone believing him. No one person alone can move the market. I always say that charts don't lie, and the charts are saying that DOGE tokens are becoming worthless. Even more lucrative than comparing a crypto token to the US dollar, one can compare the crypto token to Bitcoin or to the SPY. If a crypto asset is growing in a log curve compared to another asset that is also growing in a log curve, well then, investing in that asset is likely going to make you wealthy quite fast. Check out Polygon (MATIC) relative to the SPY: This might look like a confusing chart, but what it's actually showing is that Polygon is moving so fast relative to SPY that the ratio of SPY to it is approaching zero. From a mathematical perspective, that means that Polygon is growing according to a log growth curve relative to SPY. Since SPY itself grows according to a log growth curve relative to the US dollar, that means Polygon is an especially lucrative place to grow your US dollars. The fact that the EMA exp ribbon is resisting the upward movement of the relative price, suggests that the trend has not broken and that the log growth curve relative to SPY remains intact. If anything, the current levels are suggesting an extremely rare buying opportunity. If there are any other like-minded traders out there who understand the blockchain and who understand everything I've said above please comment below so I can give you a follow. I need to connect with more like-minded traders who understand blockchain technology, dApps and their role as the building blocks of a decentralized augmented and virtual reality existence. Whereas if you disagree with the above analysis please leave a well-reasoned comment or chart below to argue your point!
FTX:MATICUSD
by SpyMasterTrades
9
#Polygon surges 85%, will MATIC Bulls Break above $0.67?Past Performance of Polygon Polygon prices are overly stable, trading inside a broader $0.22 trade range clear in the daily chart. While traders expect more gains in the days ahead, the failure of bulls to clear above $0.67, a multi-week liquidation level, could slow down the uptrend in the short term. #Polygon Technical Analysis The primary liquidation level marking June 2022 highs stands at $0.67. Although MATIC traders are confident of more gains, there must be a clear, high volume close above this line before traders double down, targeting $1.20 in the medium term. However, the daily chart shows signs of waning upside momentum since the stochastic is at the overbought territory. In that case, traders should watch out whether buyers will build momentum to surge above $0.67. On the reverse side, losses below $0.45 or last week's lows, may invalidate the uptrend, possibly triggering a sell-off towards $0.33. What to Expect from #MATIC? Buyers are confident after surging 85 percent from 2022 lows. All the same, prices are flat-lining around a critical liquidation level. In the short term, traders can wait for a sharp close above $0.67 or $0.45 for immediate trend definition. Resistance level to watch out for: $0.67 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
M
by Bitcoin_Analyzer
MATIC/USDT - Potential Short ScenarioHello Traders! MATIC is moving within the descending trend. Currently, the price is consolidated under the price level of $0.70 and MA100 on the weekly timeframe, which acts as a solid technical trigger in favor of the asset's continuation of the fall. It can be assumed that the continuation of Bitcoin devaluation as an index of the whole cryptocurrency market will affect other assets in the form of impulse downward movement. In this case, we can consider the search for medium-term purchases. The price range of $0.20 to $0.30 will be an area of interest for a set of medium-term purchases. The targets for such purchases will be price levels of $0.45 and $0.70. Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
MShort
by UnknownUnicorn10064030
MATIC (Polygon) Coin Analysis 01/04/2022Fundamental Analysis: Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain. The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens. Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions. Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block. Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem. While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would make Polygon an interoperable decentralized Layer 2 blockchain platform Polygon (MATIC) London Hard Fork and EIP-1559 Upgrade Polygon announced the much-anticipated London Hard Fork and Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet on Jan. 18, 2022. The upgrade will completely change the way the fee mechanism works on the Ethereum network — it eliminates first-price auction as the main fee calculation mechanism and instead uses a base fee that is burned, instead of sent to miners. Although it does not lower transaction fees, it makes it more stable, allowing users to estimate costs better and reduce overpayment. However, as MATIC tokens are burned as base fees — and MATIC has a fixed supply of 10 billion tokens — it will have a deflationary effect on the digital asset. Polygon’s core team projected an annual burn of MATIC amounting to 0.27% of the token’s total supply — around 27 million tokens. This deflationary pressure will most likely benefit validators and delegators the most, as rewards for processing transactions on Polygon are denominated in MATIC. Furthermore, base fee will increase automatically once the block is filled up, resulting in fewer spam transactions and less network congestion. Ethereum mainnet’s London Hard Fork went live on Aug. 5, 2021. As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards. In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms. Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant. Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum. The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon. Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com. Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group. Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies. MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 7.70B MATIC tokens and a max supply of 10,000,000,000 MATIC tokens. At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold. The MATIC price was $0.00263 per token, and $5 million was generated. The remaining MATIC tokens are distributed as follows: Team tokens: 16 percent of the total supply. Advisors tokens: 4 percent of the total supply. Network Operations tokens: 12 percent of the total supply. Foundation tokens: 21.86 percent of the total supply. Ecosystem tokens: 23.33 percent of the total supply. According to the release schedule, all the tokens will be released by December 2022. The current CoinMarketCap ranking is #16, with a live market cap of $12,427,307,622 USD. It has a circulating supply of 7,701,069,511 MATIC coins and a max. supply of 10,000,000,000 MATIC coins. We have already done the Analyzed MATIC Market Cap Technically: Technical Analysis: There exist a Hidden Bullish Divergence of Price Value and MACD which is the Sign of Bullish Trend Continuation and development of new Cycle with new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some value correction and Reaccumulations, on its Up Formation rally. Currently the Total price Value is at 38.2% Fibonacci retracement level, it means, it has broken many resistance levels and had rechecked them backed and it has been Proved to be the support areas. Probably we may not again see the 61.8% Fib or bellow... Our Past Analysis on this Asset: Initial Acquisition: Reacquisition:
MLong
by BitonGroup
2
MATIC Network (Polygon) Token Analysis 31/03/2021 Fundamentals: Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain. The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens. Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions. Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block. Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem. While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would makePolygon an interoperable As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards. In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens. At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold at $0.00263 per token to generate $5 million. The remaining MATIC tokens are distributed as follows: Team tokens: 16 percent of the total supply. Advisors tokens: 4 percent of the total supply. Network Operations tokens: 12 percent of the total supply. Foundation tokens: 21.86 percent of the total supply. Ecosystem tokens: 23.33 percent of the total supply. According to the release schedule, all the tokens will be released by December 2022. Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant. Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum. The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon. Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com. Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group. Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies. Technical Analysis: the price is in the retracement phase and soon will start its impulsive wave, there are total of 2 Targets defined by the Fibonacci expansion of the previews Bullish wave, the 1 TP is 127% the 2 TP is 161.8%
MLong
by BitonGroup
15
Polygon ready for 2nd bear leg to find supportFolks, here is a view for Polygon.. We are hitting resistance in a trading range.. 80% of those attempts to breakout fail. We have had a 2 legged bull run in the trading range.. We have had a bear breakout a pullback around 50% in my opinion we will go lower. At least after such a strong bear breakout most of the times we will see a 2nd leg down to find support around $1.5/$1.51. Feel free to comment, share and follow for more to come..
COINBASE:MATICUSD
by King_Hustle_Grind
Polygon (MATIC) Buy ZonePolygon (MATIC) Buy Zone -------------------- BIAS Long-Term : Bullish Risk : Medium As long as we remain this entry zone, we can expect further bullish momentum to build up over the next couple of days and eventually lead to a short-term break above $1.545 zone and higher. -------------------- $MATIC/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 1.425 - 1.51 TP 1 : 1.545 TP 2 : 1.575 TP 3 : 1.6 TP 4 : 1.66 TP 5 : 1.715 TP 6 : 1.788 TP 7 : 1.84 TP 8 : 1.89 Stop Loss : 1.325 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
MLong
by Zerene
1