MATIC/USDT : Inverse Cup and Handle Points to Bearishness💎 Paradisers, zoom in on MATIC/USDT at the daily chart. It's sketching an inverse cup and handle pattern, hinting at potential bearish undertones. If MATIC/USDT dip below the 0.4851 demand mark, we're expecting targets till the demand levels of 0.3470 and 0.2269.
💎 However, a surge past the handle's peak at 0.9342 would invalidate this bearish pattern. The cup's peak indicates a lower high (LH), while the handle's pinnacle suggests a lower low (LL), signaling that the bears are flexing their muscles. Navigate wisely and stay ahead of the curve, ParadiseSquad!
MATICUSDT
MATIC/USDT forming W pattern WIth MACD bullish divergenceMATIC/USDT
💎 ParadiseSquad, let's turn our attention to MATIC/USDT. Currently, it's consolidating beneath the demand and supply zone on the 1-hour timeframe. Interestingly, it seems to have trapped breakout traders who entered at the breakdown of the demand zone.
💎 If these traders have placed their stop losses above the supply zone, a break above this zone could trigger a bullish move. The MACD is also indicating a bullish divergence, further supporting this potential upward shift.
💎 We're looking for a breakout above the supply zone at 0.6857. If this occurs, we could see targets reaching up to the next supply zones at 0.6982 - 0.7039. However, if it continues to consolidate under this area for an extended period, it may reduce the likelihood of our analysis playing out, and it might be better to stand aside.
💎 The 200 EMA is also close to the supply zone, which could make it challenging to break through the supply zone. However, once it does, we could see a significant upward movement. As always, stay alert and happy trading, ladies and gentlemen!
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.
MATIC at Bearish Pennant PatternMATIC 1-hr. Chart Analysis
As per hourly chart movents of MATIC forming pattern of Bearish Pennant, within 12-24 hrs. it will be goees more bearish upto 64-62 cents minimum or maximum upto 60 cents.
Always #DYOR & Trade wisely by using #StopLoss
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MATIC - Bearish Signals#MATIC 4hr. Chart Analysis
As per CRYPTOCAP:MATIC movements into Ascending Parallel Channel or into Bearish Flag Pattern, it starts from 10th June. after immidaite DUMP from 78 cent to 50 cent last time, it's well moving as per chart patterns and finally cycle close down at 22-25 july with more Bearish mode, may be last time with 45-50 cents again.
Yesterday, its breakout Ascending parallel channel from the target of 70 cent to 65 cents into Bearish Flag again into 1 hr. cycle and now may be something saame happening with next cycle too.
As well. it displays into #FIBextension marks of Last Lower-Low Traget is 38-42 cents , while Cut-off reversal points are 45-48 cents this time in july.
Always #DYOR & Trade Wisely by using #StopLoss
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MATIC/USDT Analysis: Key Resistance but Higher Low Formation ?
MATIC/USDT faces a notable resistance area within the range of 0.7000 - 0.7100. Traders should closely monitor price action around this zone, as it represents a crucial level that could influence the future price direction.
Based on our technical analysis, a correction in price is anticipated for MATIC/USDT. Traders should consider potential levels within the range of 6300-6400 as an expected target for this correction.
A positive aspect to note is the formation of higher lows in MATIC/USDT. Higher lows suggest that buying interest is gradually increasing, indicating potential strength in the underlying trend.
This pattern of higher lows can serve as a technical signal for traders, potentially confirming the sustainability of the upward trend.
In conclusion, MATIC/USDT encounters a critical resistance area between 0.7000 - 0.7100, which requires careful attention. Traders should prepare for a projected correction with potential targets within the range of 0.6300 - 0.6400. Additionally, the formation of higher lows indicates underlying strength in the trend.
MATIC on Bullish Broadening WedgeMATIC 15-min. Chart Analysis
After Completing previous bullish cycle, MATIC again ready for next Bullish Trend, under the movements of Descending Right Angled Broadening Wedge Pattern, which is finally breakout on Bullish mode and major chances will be this time breakout previous 70 cent target within 24 hrs. cycle.
But, before that, its last Bearish cycle is running and as per FIB Extension Trend line too, major chances to reach Lower-Low of 64-65 cents and Higher-High at 69-70 cents soon.
Always #DYOR and Trade wisely by using #StopLoss at this volatile situations of Crypto market.
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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.
MaticMatic is taking support at the trend line. You ca accumulate few here very good chance to take advantage of the opportunity.
MATIC bullishMATIC has broken out of the top of channel. Positive sentiment around altcoins growing. Many altcoins to follow similar move.
Matic spot entry daily analysis with supp resis & fibEverything is marked on chart with spot entries and fib value
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 - Cup and HandleOn the daily chart, we are seeing a close resemblance to the cup and handle pattern. If MATIC can break the resistance at $1.31, we could start seeing a move towards $1.69 and $2.10. Rejection of $1.31 resistance area could most likely lead to a drop towards $0.94 and $0.75 and if BTC drops further, MATIC is likely to enter the final bottom area of $0.56 which seems like a less likely scenario.
MATIC - Short Term BearishAs per the 4 hour candle, MATIC broke the trend-line support on2nd march and now has a clear resistance at $1.25. It is likely to continue a downward movement towards $1.05. If the support at $1.05 breaks which seems likely, we could see a move towards $0.94 and $0.87. This looks like a more likely short term price action on MATIC. In the less likely event of MATIC breaking the resistance area of $1.25, we could start seeing a move towards the previous range high of $1.56.
MATIC LONG scalpLONGed MATIC for a scalp trading.Price moving in accordance with BTC though.1:2 trade
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.
Bitcoin Marke Update Today, Ethereum, Avax, Matic, Dot AnalysisBitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000
Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and decreasing volume.
Furthermore, the overall market sentiment towards cryptocurrencies has been positive, and institutional adoption has continued to grow. This could lead to increased demand for Bitcoin, especially as a hedge against inflation and uncertainty in traditional financial markets.
However, it's important to keep an eye on potential resistance levels, such as the 25000-25500 levels, which could provide some challenges for further upward movement.
Therefore, I believe that BTCUSDT presents a good opportunity for bullish continuation, with a potential price target of 28000 . However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions.
Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
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
Matic usdt perpMatic usdt perp
Make head and shoulder pattern in 1Day chart timeframe if any one want to make profit
Sell short after breakout support level
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
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