MATIC hourly chart running as per Bearish FLAG Pattern and soon it will be goes more Bearish in deep from last year Lower-Low 2nd Cut-off point at 41 cent and after that Lowest-Low 3rd Cutt-off point is 31 cent around, but as per me major chances it will be revert from last 35-38 cents.
always #DYOR
As 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...
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...
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 $7.02 (2.4X of previous ATH).
Matic is very good coin i am not questioning it but the way markets sentiment is its hard for matic to break 1.5$ resistance this is something i am assuming what i have drawn in chart it wil be clear if we play level to level
Bitcoin 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...
Trading 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...
inverse 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...
Matic 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...
Trading 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...
