MATIC: Support BreakoutPolygon (MATIC) technical analysis:
Trade setup : Price broke below the 200-day moving average and $1.00 horizontal support zone, which opens up downside risk to $0.75 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.75. The nearest Resistance Zone is $1.00 (previous support), then $1.30.
Matic
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day.
MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90.
This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84.
Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory.
The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching.
MATIC is now trading at 0.8723, which is marginally higher than its earlier lows.
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Thank you
Polygon (MATIC) formed bullish Gartley for upto 91% rallyHi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair.
Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below:
Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MATICUSDT KEY POINTMatic is approaching the key point again. This point is very important and if it cannot support the price, we have to imagine a further fall. It has been supported 8 times in the past, can it be supported again? What do you think?
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
MATIC idea sharing1D chart:
At present, MATIC takes support and resistance at 1.3121 as the key price.
After MATIC fell below the inverse cup and handle pattern (below 1.3121) in April last year, the lowest price reached 0.3157. After that, the price appeared higher low and higher high, and there was a situation of breaking through the resistance of 1.3121.
Pay attention to whether MATIC is effectively supported by the support trend line below.
If the support trend line is broken, a bear flag pattern will appear.
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4 hr chart:
In the 4 hr chart, MATIC has shown a triangle convergence pattern and has broken the resistance trend line.
Pay attention to the previous high of 1.2507 and the stop loss price of 1.0239.
If there is a breakthrough of the previous high of 1.2507, there is a chance to challenge the resistance of 1.3121 again.
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matic / usdt daily chart short ideamatic / usdt daily chart / short idea
for this short idea price must stand blow the resistant zone and i expect 2 legged pullback toward resistant zone
MATIC - DailyFalling wedge a strong bullish pattern
Horizontal dashed lines are strong support levels
Will we see immediate support or support a bit lower?
Hopefully the whole market breaks out soon its been at this level for a long while
MATIC buyer exhaustion could see prices fall to $0.77The bullish order block on the daily timeframe formed on 18 Jan has acted as strong support back in March
The retest of this zone on 9 March saw prices bounce to $1.24
The subsequent retest in late April did not see a positive reaction- instead, MATIC continued to slide lower from $1.025 to $0.977 over the past two weeks
Therefore a daily session close below the bullish order block ($0.925) and retest of the $0.96-$1 area could offer a shorting opportunity
Entry: $0.996
Exit: $0.837 (a more ambitious target would be $0.77)
Stop-loss: $1.07 (above recent wick)
MATICUSD Is Firmly Breaking Out If you plot a down channel on Matic price emerges victorious above the down channel.
This could be considered a breakout and good for the bulls.
Bullish
MATIC Analysis, A Precarious PositionLet's take a closer look at MATIC and see what its current status is in the market. MATIC, with its current price of 0.9830, is definitely worth some attention. Looking at the RSI of 39, we can see that it's not quite in oversold territory yet, but it's certainly on its way there. The daily timeframe 0 Fibonacci of 0.9435 and daily timeframe 1 Fibonacci of 1.2500 give us a good idea of the potential range of prices MATIC could be trading within.
Meanwhile, the daily timeframe upper Bollinger band of 1.1958 and the lower Bollinger band of 0.8943 suggest a level of volatility for the coin, with the middle Bollinger band at 1.0450 indicating the average level of volatility. The volume oscillator of -19% also suggests that MATIC is not seeing a lot of trading activity at the moment.
On the other hand, the MACD of -0.0377 indicates that there is some bearish momentum in the market, which could cause the price of MATIC to drop further. However, we should also take into account the hourly EMA 50 of 1.0752, which suggests that there could be some support for the price at this level.
Overall, it seems that MATIC is in a bit of a precarious position at the moment, with some indicators pointing towards a potential price drop, while others suggest that there could be some support for the price. It will be interesting to see how these indicators evolve over time and whether MATIC will be able to regain its footing in the market.
short MATICCRYPTOCAP:MATIC bounced off the resistance level and the descending trendline. Decline to support level at $0.94 is likely to happen.
MATIC Polygon Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
MATIC/USDT short
Entry Range: $0.95 - 1.10
Take Profit 1: $0.90
Take Profit 2: $0.79
Take Profit 3: $0.63
Stop Loss: $1.26
WYCKOFF REDISTRIBUTION SCHE... MATICThe bump and run scenario is working perfectly. It also matches very well with a Wyckoff redistribution schematic.
The road could be bumpy, but the target will be reached I think.
MATIC / USDT BUY LONG 🟢MATIC/USDT BUY LONG 🟢
Leverage 10X
Entry price- 1$
Take profit- 1) 1.03$ 2) 1.08$
Stop loss- 0.97$
Stop loss important
@msrcrypto1
#BNB #BTC #MATIC #SOL #ETH
$POLY primed to flyPolygon has been trading in this channel since June of last year. It's near the bottom of the trend line, which happens to coincide with the 200MA on the daily chart. With all the bullish sentiment around Polygon, and large projects moving their ecosystems onto the chain, I'd expect to see a nice bounce towards the middle of the trading channel; followed by an opportunity to exit with a ~40% gain from current prices in the highlighted box.
Out at or above $1.50 sometime in April, ez gg - NFA.
MATIC(based on NEo wave)there is 2 ways for matic and both of them are bullish also its very very low risk. so if you want to investment or know sombody who wants to investment I think its one of the best crypto currencies for large many because it has good risk to reward from the first target.
#Matic | #Usdt#Signal | #Matic | #VIP_Pack | #NUM_SV37
Long
Entry : ~1.0059
Tps : 1.0439 / 1.0760 / 1.1604 / 1.23 / 1.33 / 1.45 / 1.54
SL : 0.9070
Don’t risk more than 1% of your capital.
MATIC (Y23.P2.Video). Macro outlookHi Traders,
#Matic #polygon #crypto
as per my thoughts on ALTS, we have much to go for ALT season and using Matic as a sample, I try to demonstrate why.
All the best,
S.SAri
matic / usdt 1h chartmatic / usdt 1h chart
2 different scenarios possible for matic
it depend on next candle close price
after huge dump we can expect another leg down from here or top of the range area
MATIC: READY TO PUMPBINANCE:MATICUSDT is up trending and looks bullish more than ever, this clear rejection of the up trend might result in a big pump towards 1.4
3 months old support zone and the 200 daily MA still seem to hold, trade has 3:1 RRR, a potential +40% move.
I will keep updating this trade here, make sure you follow me.
MATIC - A breakout is coming! Given the anticipated downward trajectory of BTC from its current levels, the price of MATIC will likewise experience a decline. Consequently, a break to the downside is expected, and it may be prudent to adopt a wait-and-observe approach for more favorable pricing opportunities.
It's said that one day, the mighty MATIC will set its course for the moon, but for now, it seems to be headed back down to Earth! Keep your eyes peeled and your senses sharp, as this journey promises to be a wild ride filled with unexpected twists and turns! :)
