MATICUSD trade ideas
Matic Long OpportunityMatic at an important resistance . Lets wait for break out and can enter after retest
MATIC SELL ZONE FOR 4 %DEPEND ON BTC PERFORMANCE
If Btc Will Go Up Then Matic Prediction Amy Be Changed.
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.
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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quick play matic; rev h/sh/s marked w yellow. height in purple. cloned height to match target range bc easier than calculating. neckline purple. entry just above horizontal breakout alarm line. target estimated to approach prior s/r line around 1.47. if it plays out, should reach range of yellow lines. tbd...
MATIC price is looking juicy and ready to be farmed
MATIC price shows a bearish bias
After the 227% rally in late May, there's a lot of unfilled trading range that will eventually get filled.
Although risky, waiting for a confirmation in the buy zone to go long.
What do you think?
Leave your thoughts in the comments!
Feedback or questions are appreciated.
DYOR
Not Financial Advice (FA)
MATIC price trend seen collapsing The MATIC price flipped into a bearish trap and strikes at $1.61. In the early hours, MATIC was positioned at $1.82 and witnessed a downtrend from $1.82 point to reach $1.7. Currently the movement has shifted from the parallel range, quoted and is falling as a downtrend. In coming hours, the price may slump further at $1.55. In Contrast, gaining some bulls it might sail in the current point or above. However, npow the buying pressure is highly active with RSI striking at 33.
Support level seen at $1.80
Resistance level strikes at $1.82