Matic
Matic network Big breakout try two time but rejected from resistance area now finally break the resistance and get ready to boom
Good momentum in Polygon coupled with volumesThe token has now re-entered into its primary uptrend trend line with volumes.
If breaks the 1.70 resistance and sustains it, a good move is expected.
MATIC Getting ready for big move?In process of Inverted Head & Should Pattern formation (Right Shoulder pending).
Resistance around 1.7.
Looking good to be accumulated at current levels. Breakout above 1.7, may give a good move beyond.
Watch out for it!!
Very good risk-reward opportunity in MATICMATIC is at it's trendline support, can be a good long trade.
MATIC LOOKING good for S TERM TRADE IN 2H AND 1H TF WE CAN THE price moving in a channel and the charts allow us to create a buy order for a short period of time
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if u need more details u can comment "more"
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$GTC broke out with good volume Yesterday , I posted this chart and within few hours $GTC started picking up heat even in a choppy market , now we can expect a retest of the previous resistance. On a successful retest , the resistance will turn into support and it is good to add to your positions in the fib range 0.382,0.5,0.618 , I will be adding in these three spots by splitting up , stop loss below trendline , anyways watch out for BTC , if BTC falls then GTC would have less chance for upward continuation
MATIC SELL ZONE FOR 4 %DEPEND ON BTC PERFORMANCE
If Btc Will Go Up Then Matic Prediction Amy Be Changed.
$THETA local resistance 7.9 - 8.5 Theta facing so many resistacne above it and has to break all of it in the upcoming months , it will be a hard time for Theta to do it , local resistance is t 7.9-8.5 , I can't see any clear price discovery happened to theta in the short term after the triangle break , Triangle breakout also lacks volume , be careful before taking a trade too soon
MATIC Channel breakout trade setupMATIC is giving bullish confirmations in multiple time frames. Waiting for a breakout from channel in 4H and retest in 1H to add to position.
MATIC longPrice Action Trading:-
Buy on Breakout of the trendline,
atleast 15min candle should close above 1.3570
STOPLOSS below previous pivot low i.e below 1.2937
Reasons to go long
1. Support Zone
2. 0.5 Fib Lv
3. Double Bottom Pattern
MATICUSD(4Hr): MATIC moving without any signs of a bullish trendMarket in the last 24hrs
MATICUSD saw a major downward momentum as the price moved form the middle to the bottom Bollinger band. Trading volume has been high suggesting that the bearish momentum is strong and is likely to continue.
Today’s Trend analysis
The price appears to be moving below the bottom Bollinger band suggesting that the price has rejected it as a support line and we can expect the downward trend to continue till the price accepts the bottom band as a support line after which we can expect some consolidation movement of the price.
Price volatility was high at approximately 9.1%, with the day's range between $0.741 — $0.822.
Price at the time of publishing: $0.744
MATIC’s market cap: $4.73 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on MATICUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
For other crypto analysis you can go to the mentioned links.
matic is now testing the major support, expected bounce!!Technical analysis:
#matic(Daily update)
* MATICUSDT is moving in falling wedge pattern, the beginning of an uptrend is expected when it will break falling wedge upside.
*The price is trading BELOW 21- MA as well as 50 MA, NEED to breakout both MA's as well as downtrend to be bullish .
*MATIC is now testing the major support zone. MATIC need to hold above $0.75 otherwise we will see heavy sell-off around 0.32. We may see a bounce from the support zone. Use stop loss below 0.70 if you have any open position in MATIC.
*presently most likely there will two scenarios to may be play out shown in my chart. scenario 1 is probably more likely if btc could bounce from here otherwise we gone 2nd one.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.70
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WIll Matic finally break Its resistance Trend?On a 4 hour and daily chart, we can see a Strong Trend that Matic has been following. WIll it finally break free of it or will continue down further?
MATIC #Crypto #Cryptotrading MATIC after good fall >> Looks BO coming
Keep On watch
buy above 1.47, with strict SL 1.35