Buy MATICUSDT for swing tradeBeautifully respected the Fibonacci. Gave a flag breakout out with good volume. Price action at its best.
We saw similar pattern in VETUSDT earlier and it gave a good blast.
MATICUSDT trade ideas
MaticMatic making falling wedge and support at 200MA in 4hr... If hold this MA than will see breakout soon... But keep mind btc move so use SL
Very good risk-reward opportunity in MATICMATIC is at it's trendline support, can be a good long trade.
MATIC 1 Day Technical AnalysisMATIC being a part of the Polygon network makes it pretty good fundamentally, The technical side shows a cup and handle formation. I would personally wait for a couple of days before confirming the cup and handle as it's not complete yet. As far as the entry is concerned, I would recommend entering after a few price action confirmations like a good candlestick pattern like a bullish engulfing or a high volume breakout from the resistance, you could always wait for a retest but that might not happen in some cases so DYOR. SL would be around the bottom of the handle and the target would be somewhere near 2.3 as shown by the Fibonacci.
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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Traingle formation with ConfulenceThere is a Triangle formation on Matic (1Hr TF). Also it is on the 50 EMA support . This is a trade with multiple indications, Enter only when given break out. Targets given on the chart.
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
LONG MATICzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Matic is crypto from India.
Seems very strong and touch 2.00 soon
MATIC WHALES UPDATEThe latest news of MATIC whales depleted exchange balances to 1.2% (or maybe more) have just arrived. Some point of view is that MATIC whales depleted exchange balances to 1.2% is the top news of the week.
As a consequence of the DAMAGE events, a number of MATIC whales depleted the exchange balances they hold to 1.2% of the total amount they hold. This is a dramatic change from the previous trading habits of these whales. This situation happened after the DAMAGE events of February 7th and 9th, 2018.
Buy MATICUSDTHey guys, buy MATIC/USDT,
buy only if the daily closing is above the 0.618 FIB RETRACEMENT
SL - 1.01766
TP - 1.23325
RISK/ REWARD RATIO - 5.62
Falling Wedge for MaticMATIC looks good to for a low leverage long for mid term, 2.44 could be target, but it got some heavy overhead resistances of the EMAs in which it crossed above the 21D EMA.
MATIC USDT PairAll of the Alts are following BTC and Matic is not behind as well.
If you see, it has broken its resistance lines and has retested them before breaking the support below.
We have already retested 0.72 and last two 4 hour candles are printing downward journey as well.
Next support could be considered at 0.54/0.56.
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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