MATIC under Bearish Expansion PatternAs per MATIC Daily Chart
It's movements under Bearish Expansion Triangle Pattern from last 1 year to their last lower-low of 31 cent on 17 June 2022, and first time reached today at 75.5 cent after 30 Dec. 2022 second lower-low cut-of 74.6 cent...
If we check out complete data as per FIBB Based Support-Resistance patterns marking targets, than lower-low cut-off point is 69 cent while last Lowest-Low point is around 50-45 cents up to July 2023...
Always #DYOR before investing in Crypto Currency.
Matic
POLYGON MATICUSDT : IS IT RIGHT TIME TO BUY OR NOT ? VOLUME : The transaction volume on Polygon’s reached 14,780.
The decline in activity on the Polygon protocol could impact MATIC as well. At press time, however, Polygon’s usage and MATIC’s price were not directly co-related.
RESISTANCE LEVEL : The resistance level of $1.056 on 26 April, MATIC’s price fell by 19.43%.
MATIC was trading at $0.851. Its RSI had declined significantly in the past few days, suggesting that momentum was with MATIC sellers at the moment.
MATIC bullishMATIC has broken out of the top of channel. Positive sentiment around altcoins growing. Many altcoins to follow similar move.
MATIC - $7 +?If we consider $2.88 as the top of the previous cycle and $0.32 as the bottom of the previous cycle, in the next bull run, MATIC is likely to head towards 1.30, $1.60, $1.90, $2.33 and $2.88. Clearing the previous high of $2.88 could place MATIC in the long run at $4.46 and $7.02 (2.4X of previous ATH).
Matic ?? Matic is very good coin i am not questioning it but the way markets sentiment is its hard for matic to break 1.5$ resistance this is something i am assuming what i have drawn in chart it wil be clear if we play level to level
MATIC - LevelsMatic is in a consolidation phase on a larger time frame and i expect it to start a trending move once the levels are taken off.
Top 4 coins which have outperformed BTCBitcoin has increased by almost 48.97% in the year 2023. Let us have a look at the top 5 coins (based on market cap) which have outperformed BTC (we have not considered meme coins for our analysis).
1.Cardano (ADA)
YTD(%): 61.63
Price is currently moving within a range (0.385-0.421).
25% upside movement can be expected if price breaks above the range with 0.527 level acting as resistance.
Bearish RSI divergence has formed, thus, keep an eye on price movement.
2. Polygon (MATIC)
YTD(%): 86.26
Price moving within parallel channel.
21% upside movement is expected with resistance at 1.72.
If price breaks the channel, support can be found at 1.153.
3. Solana (SOL)
YTD(%): 150.57
Price is currently moving within a range (19.7-26.75). 56% upside movement can be expected if price breaks above the range with 38.95 level acting as resistance.
If price breaks below the range 14.9 level will act as support.
4. Polkadot (DOT)
YTD(%): 68.71
Price is currently trading near support (7.13 level). 10% upside movement can be expected with resistance at 8.06.
Bearish RSI divergence has formed. If price breaks 7.133 support with high volume, we can expect it to find support at 6.02.
Note: Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
matic bullishcreating a base just below strong resistance ..
can be a good buy abv 1.05
and good for investing also
matic trade ideamatic is in range bounce since many days and is trying to hold weekly support can be bought here if it breaks this range
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0527).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 1.1798
TP2= @ 1.2441
TP3= @ 1.3110
TP4= @ 1.3658
TP5= @ 1.4458
SL= Break below S2
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Long entry in matic Matic is following a strong trend line, Plus its a good dip to buy matic long for atleast next monday or tuesday
Matic shortMatic is forming a inverted cup and handle on 15m time frame. Short below the neckline with RR of 1:2.
Trading Signal For MATICUSDT Polygoninverse Head and Shoulders pattern
Trading Setup:
A Trading Signal is seen in the MATICUSDT Polygon
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.7296
⭕️SL @ 0.686
🔵TP1 @ H&S Target 0.866
🔵TP2 @ 0.94
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
matic range breakout on 1 hour TFMatic was facing resistance around 0.85-87 for a while, and a breakout has been done above this , also in lower timeframes retest is successful, hence we can see a upside move towards the next resistance around 0.95-99 , there is a small resistance around 0.91 but it seems to be broken in coming days.
Enter now for the above target with a safe stop loss of 0.83
Disclaimer : This is just my views and analysis and none of it is financial advice
15 MINUTE TIME FRAME MATIC ANAYLSISuse this chart for short term trade in Matic chart is given with proper risk ratio rewards
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 0.9731
TP2= @ 1.0538
TP3= @ 1.1732
TP4= @ 1.3530
TP5= @ 1.4755
SL= Break below S2
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Matic looking super bullish againIf support gets confirmed .. it'll fly again .
Eth merge coming .. means fundamentals are also bullish
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.442).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 0.530
TP2= @ 0.578
TP3= @ 0.652
TP4= @ 0.745
TP5= @ 0.810
SL= Break below S2
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. . . . . Please show your support back,
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MATICUSDTWho doesn't like a cup of tea or coffee especially in this market. Hopefully it'd be too hot to handle and won't spill out.
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5334).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.5752
TP2= @ 0.5969
TP3= @ 0.6270
TP4= @ 0.6565
TP5= @ 0.6843
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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💎 Want us to help you become a better Forex / Crypto trader?
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Trade well, ❤️
ForecastCity English Support Team ❤️
