Matic Bull Pennant! PRICE TARGET $65No need to explain this massive bull pennant! The image says it all!
Matic
MATIC/USDT A🔍 MATIC/USDT Analysis: Upcoming Opportunities for Traders 📉
The MATIC/USDT chart highlights important dates that traders should watch closely:
August 16, 2024 & September 2, 2024 & November 30, 2024 - Green Lines: These dates indicate potential local lows, offering favorable entry points for accumulating MATIC. These are key opportunities to consider building or adding to your position.
October 27, 2024 - Red Line: This date signals a potential local peak. It may be wise to take profits or reduce exposure around this time as the market could face resistance or a downturn.
By aligning your trading strategy with these dates, you can better navigate the market and maximize your gains.
#MATIC #CryptoTrading #MarketAnalysis #Cryptocurrency #MATICUSDT #Altcoins
MATIC - 4H Chart Analysis - Trading Inside the channel#MATIC/USDT #Analysis
Description
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+ The price is currently trading within a channel and has successfully bounced back from the lower boundary.
+ A strong breakout from this channel could drive the price higher.
+ We can enter a long trade at the current price and place the stop-loss (SL) below the support zone.
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VectorAlgo Trade Details
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Entry Price: 0.4240
Stop Loss: 0.3851
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Target 1: 0.4491
Target 2: 0.4783
Target 3: 0.5036
Target 4: 0.5604
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Timeframe: 2H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
MATIC Price Update and Analysis in Weekly TimeframeMATIC hit the lower support level as expected. Since our previous update, MATIC has dropped 30% and is currently holding within the support range of $0.316 to $0.387.
It is crucial for MATIC to hold this support because if it fails and breaks down, things could turn out poorly.
Key Observations (Remains the same):
~ Lower Support/Entry: $0.387
~ Liquidity Level: $0.316 to $0.387
~ Resistance: $0.9860
~ Long-term Target: $2.923 (All-time high)
DYOR. NFA.
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#PEACE
#Matic 1W chart;CRYPTOCAP:MATIC 1W chart;
On the weekly chart, we can see that the balance of February 2023 and March 2024 levels on the RSI side is not reflected in the price (red circles).
It is now at a serious support level and it also seems to have started a bullish pattern from these levels.
As long as it sticks to the stop level, it will not be a surprise to see sharp upward rises after the squeeze between it and the downtrend line it will enter.
The ratio between the pattern target level is 200
However, we can consider OB-FVG regions as a profit-taking level beforehand.
MATICUSDT 1WMATIC ~ 1W
#MATIC Layer 2 which was successful in its time today is at its strongest support.
If you have confidence in this Token, this is the right time to start buying, at least for a minimum 20% increase.
big bullflag has sub 40c matic lows before moonliquidity rests below the total anchored vwap, thats is also the range 8th and mega bullflag bottom
we could easily see matic under 40c before the next big leg up to ATH
MATIC: Support holding strong | Expect a bounce soon#MATIC/USDT #Analysis
Description
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+ MATIC has reached a critical support zone, a level that has held strong for more than two years. The price is currently at this same support zone, and while we have yet to see a strong rebound, expectations for a bounce back remain high.
+ This major support zone has been a reliable foundation for over two years, consistently preventing deeper declines.
+ he price is once again testing this key level, and so far, the support has held firm. While a significant rebound has yet to materialize, the strength of this zone suggests that a bounce back could be imminent.
+ Though a strong rebound has not yet occurred, the historical resilience of this support zone indicates a high likelihood of a recovery in the near term.
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VectorAlgo Trade Details
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Entry Price: 0.4234
Stop Loss: 0.2836
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Target 1: 0.5477
Target 2: 0.7841
Target 3: 0.9784
Target 4: 1.4520
Target 5: 2.5783
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Polygon Matic soon will be POL, what price ?
On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network
On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place.
The tokenomics should remain unchanged.
Some tokens will be lost due to non-compliance with the migration instructions (purely human factor), and the supply will decrease accordingly.
And in principle, they can start a global (3) wave of growth, with an intermediate goal of $1.25 for OKX:MATICUSDT , and the final $3.50 for #POLUSDT
MATIC looks bullishFrom where we placed the red arrow on the chart, it seems that MATIC has entered the correction phase.
The correction pattern appears to be a diametric.
The F wave can start from the green range.
Be sure to save some profit on the first target.
We are looking for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MATIC BACK AT THE BUY ZONEI can't look at the chart and tell myself this is a bad area to add to my positions seeing that we are at the overall Value Area Low & low of the range.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
MATIC: GENRATIONAL BOTTOM IS IN!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this MATIC/USDT UPDATE MATIC looks amazing in the weekly time frame.
Last time when MATIC accumulated in a 610-day channel it led to 20,000 Returns.
Now, it is forming a symmetrical triangle kind of structure and accumulated in the triangle for more than 1200 days. Right now, it is sitting at the lower trendline of the triangle and also holding good support here. Buy some now and add more in the dip.
Must Hit Targets:- $2.84/$4.72/$7.16/$9.88
Overall it's a double-digit potential, so leave some % for a moon bag🚀
What are your thoughts on MATIC's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
MATIC is approaching the trendHey Traders, in today's trading session we are monitoring MATICUSDT for a selling opportunity around 0.5400 zone, MATICUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.54000 support and resistance area.
Trade safe, Joe.
Alikze »» DOT | 61.8 Fibo retest scenarioAccording to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92.
💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
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Alikze »» MATIC | Elliott Triangle pattern scenarioAccording to the previous analysis, the Metic currency went through an upward movement cycle. Currently, it is in a corner pattern in the weekly time, which was able to escape from it in the specified supply area with a short-term movement cycle.
💎 Currently, it has a corrective cycle up to the green box, which has moved downwards in a three-wave step in daily time.
💎 But now it can enter an upward cycle and retest the first supply area after confirming the green box. If confirmed, the area of upward movement can continue to extend to the base of the pattern, which can be checked further.
💎 Therefore, this upward movement can be followed in the form of wave 3 or 3 larger up to the specified areas.
💎 Alternative scenario: If the green box area is broken, this correction can be a combination correction that will have the ability to reach the 0.39 range.
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MATICUSDT.1DExamining the MATIC/USDT trading chart on Binance, I can observe several critical points and trends that inform my current trading strategy. The chart presents a detailed view of MATIC's price action against USDT, highlighting various support and resistance levels over the past year.
Currently, MATIC is trading at approximately $0.4944, which is close to the significant support level (S1) at $0.4121. This level is crucial because if MATIC continues to decline and breaks below this support, it could potentially signal further downward movement, possibly approaching lower levels historically tested around $0.3160.
On the resistance side, the first major resistance level (R1) is at $0.6538. Overcoming this level could open up the path towards the second resistance (R2) at $0.8119. A breach above R2, sustained by high volume, could indicate a strong bullish momentum, potentially leading to further gains.
The Relative Strength Index (RSI) is currently indicating a value of 35.16, which suggests that MATIC might be approaching an oversold condition. This could potentially attract buying interest if traders perceive it as undervalued in the near term.
Conclusion:
Given MATIC's proximity to a critical support at $0.4121, this is a key area to watch. If this level holds, it might offer a favorable buying opportunity for those looking to capitalize on potential rebounds. However, it is imperative to place a stop-loss order slightly below this support to manage risks effectively, considering the possibility of further declines. Should MATIC break above the resistance at $0.6538, it might confirm a bullish trend reversal, presenting an opportunity for traders to target higher price points up to $0.8119. As always, integrating this technical analysis with the latest market news and broader economic indicators is advisable to make informed trading decisions.
Polygon | MATIC The price of Polygon is $1.09 today with a 24hour trading volume of 444 million dollar.
After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon turned down and reached the support line but it still hold the uptrend
The flattening 50day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short term advantage in favor of the bears. The MATIC/USDT pair may then back to the 200day SMA 1 $ where the buyers are likely to mount a strong defense and hold the line.
The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1. 30
Polygon is gaining traction in the gaming industry with a surge in daily unique active wallets last month, according to DappRadar, the layer2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month.this growth has pushed Polygon to become the second largest gaming blockchain, trailing only Wax Blockchain, which has over 314,976 daily unique active wallets.
Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On Chain, which launched on Polygon’s testnet last month, has already risen to become one of the top five blockchain games in terms of on-chain DApp activity.
next targets for short term are 1.15, 1.19 and 1.27$
what do you think about the price of Matic at the end of 2023? can we back to 2$?
Matic at Local bottom #matic/usdt
Accumulating CRYPTOCAP:MATIC at the weekly demand **zone
This is a bottom imo!
MATIC Weekly Chart Update.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
After reaching a local high of $1.29 in March 2024, MATIC has been on a downtrend for almost 112 days. With the current market scenario, it is likely to see MATIC dropping a further 15% to 20% from the CMP.
The lower support ranging between $0.316 and $0.387 holds high liquidity and presents a decent entry level for MATIC.
Key Observations:
~ Lower Support/Entry: $0.387
~ Liquidity Level: $0.316 to $0.387
~ Resistance: $0.9860
~ Long-term Target: $2.923 (All-time high)
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Matic longMatics long term structure is really strong and I am confident we have hit the low on this correction.
The shorter timeframes are suggesting a possible partial decline of the latest range just below the historical resistance at 75c. There is also the three valleys patter that has developed and confirmed.
Here you typically wait for a break and confirmation of 75c, however we've decided to partly enter the trade now, with the plan of adding above 75c if we break and confirm it as support.
The stop loss is placed below the secondary low and at the break of the shorter trend. You could make your stop loss looser if you wanted to trade the range low. If we get stopped out we will look for the opportunity to re-enter.
For this cycle my long term targets are:
1. $2.61
2. $3.62
3. $4.50
These are the targets for my spot hold, I wouldn't want to see the price break 60c for this play.
$MATIC may do something like this#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.
#MATIC/USDT#MATIC
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.5340
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.5500
The first target is 0.5980
The second target is 0.6307
The third goal is 0.6720
