MATIC/USDT: Anticipating Bull Journey After a Corrective Phase ?In this technical analysis, we will examine the MATIC/USDT trading pair's recent price action and chart patterns.
1. Resistance Area - 0.8000-0.8150:
MATIC/USDT has been facing a significant resistance area around 0.8000-0.8150. Multiple attempts to break above this zone have resulted in pullbacks. Traders should closely monitor this level as a successful breakout could trigger a bullish rally. .
2. Expected Corrective Phase and Potential Buying Zone - 0.5500-0.6000:
Based on our analysis, we anticipate a corrective phase for MATIC/USDT in the near term. This retracement could find support around the 0.5500-0.6000 region, a crucial buying zone.
Traders looking to enter long positions may find this level attractive as it aligns with historical support and offers a favorable risk-to-reward ratio.
3. Continuation of Higher Lows Patterns and Liquidity Sweep:
Despite the resistance, MATIC/USDT has been forming higher lows, indicating potential bullish momentum. However, before resuming its upward trajectory, the price might perform a liquidity sweep towards the 0.5500-0.6000 support zone.
Such a move is a common occurrence in crypto markets and should not be mistaken for a trend reversal.
Conclusion:
In conclusion, MATIC/USDT presents an intriguing trading opportunity for followers of our Trading View ideas. The resistance area of 0.8000-0.8150 and the expected corrective phase towards 0.5500-0.6000 make for crucial decision points. Traders should exercise patience, wait for confirmation signals, and manage risk effectively for potential gains towards 0.9000 and beyond.
Maticlong
MATIC - Ready For A Up moveAfter a good correction in all the crypto market. A bottom/base seems to be formed. If It has to give a good up move, this is the place after the trendline breakout it will change its swing to uptrend. Levels are well explained in the charts.
Matic Quick Update (50%+ Possible)Matic did an ascending triangle breakout also the BTC pair did a breakout, Matic is looking ready for a new all-time high.
Targets would be $2.50 and upwards.
Matic Long TargetIf Matic crosses the white line then you can have a long position and the target will be the yellow circle.
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
MATIC-USD MATIC=USD Chart looking bulish end of year target around $8.5 on conservative side if breaks then next around $11.5. anything can happen in last legup or last Pump.
MATICBTCprobably a cup and handle pattern target would be 290 sat if that's break 348 will be next target
Not a Financial advice
Team James
