#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
MATICUSDT trade ideas
MATICUSDTMatic is currently consolidating on a weekly basis. My opinion is that if 0.75 holds, then we are bullish towards $1.5
$MATIC Rising Wedge to Return to Major Support at $0.80 or lessCRYPTOCAP:MATIC Rising Wedge to Return to Major Support at $0.80 or less
Matic is reversing to test prior support at $0.58-$0.80. See the rising wedge pattern in a bearish reversal pattern.
Is a Rising Wedge Bullish or Bearish?
A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
DYOR.
$MATIC Final Throwback to Major Support $0.75-$0.80CRYPTOCAP:MATIC Final Throwback to Major Support $0.75-$0.80
With lower momentum and volume, MATIC appears to be headed lower to test major support between $0.70-$0.80. The moving averages are showing a change in trend to the downside for the next few days, potentially.
Is this the pre-halving cool-off CRYPTOCAP:BTC is brining to the market post-hyped ETF news? Once it completes this trip to the accumulation zone the bull run will resuming.
DYOR. Thanks.
$MATIC Wyckoff Throwback at $0.86-$0.89 Then Re-AccumulationCRYPTOCAP:MATIC Wyckoff Throwback at $0.86-$0.89 Then Re-Accumulation
MATIC Polygon has looks like a textbook Wyckoff Accumulation Breakout and Mark-up
Levels to watch are: $0.85-$0.89 in this throwback.
Next resistance is $0.96, $1.00, $1.03.
Lower support is $.8575, $0.80, $0.75.
Do your own research. Cheers!
$MATIC Throwback to $0.89 then Continuation?CRYPTOCAP:MATIC Throwback to $0.89 then Continuation?
It appears that $0.89 is holding as support after a meteoric rise for CRYPTOCAP:MATIC , the Ethereum layer 2 that does it all.
Next levels of resistance are $0.94, $1.00, $1.03.
Lower support levels are $0.85, $0.80, $0.75.
$MATIC is Challenging Resistance at $0.96 Similar to Dec 25CRYPTOCAP:MATIC is Challenging Resistance at $0.96 Similar to Dec 25
It took MATIC over 24 hours to break past the $0.96 barrier back in December 2023. It is following a similar duration today trying to break $0.96. Do you see any similarities?
The 0.5 Fibbonacci level at $0.89 has acted as support.
Deep support is $0.75, and $0.66 for scam wicks.
Price action Matic PolygonLook closely at how price moves and what constructs occur within the price action. Learn to recognize this early so you can take advantage of these price movements.
MATIC/USDT upward momentum from demand? 👀🚀MATIC Analysis💎 Paradisers, turn your attention to #MATICUSDT, currently showing a promising indication of an upward trend, having recently broken above its descending trendline and gearing up for a bullish move from a key demand zone.
💎 #POLYGON has been closely following a descending trendline, and its recent break above it has opened the door for a high probability of a bullish move. This is particularly evident from the retest at the demand zone around $0.8791, which is expected to further strengthen the bullish momentum.
💎 However, should #MATIC encounter difficulties in sustaining its position above the $0.8791 demand level, it may become necessary to revisit and modify our trading strategy. Under such circumstances, our focus would shift towards initiating a bullish movement from a lower, strategically significant support level at $0.8412.
💎 Keeping a close watch on this level is crucial, as failing to maintain it could necessitate a strategic pivot, potentially highlighting challenges in upholding a bullish market direction for #MATIC.
Matic potential downsideI understand with the BTC ETF hype and narrative pushing towards alts we could see more upside but based on technical analysis we are at some key areas.
- Potential triple top formation in the range.
- Potential head & shoulder formation
- A key descending resistance line that dates back to late 2021 and early 2023 - We have seen another rejection off the area around late December 2023 again.
Don't get me wrong I am still very bullish in this space but a healthy correction is not something we shouldn't sleep on
Matic shows a buy signal.I'm NOT SURE if the MATIC pumps successfully, but the sl is -5%, so it's worth a try. Time will tell if it works out or not, but I at least gave myself a chance with it and the chance of losing is almost non-existent.
MATICUSDTMATICUSDT follow Bullish Bat Pattern indicate that it moves upward
SL , TP mention in chart
Analysis at 4 hour
Matic Can Test 1.5 soon #2Matic Can Test 1.5 soon #2
From the previous analysis, Matic found a strong support area near 0.7300 as expected.
This support zone was tested three consecutive times and after the ETH moves yesterday we can see Matica rising again.
The price is currently above the support zone of the pattern pattern increasing the chances of a bigger bullish movement.
The targets we are looking atm are realistic targets and the price was in the same area almost a year ago.
You may find more details in the chart!
Thank you and Good Luck!
Next step 1.42$ Matici see a cup handle formation.
now is 0.90$ next 1.42$
consistente.
ascending suport line.
MATICLooKS like the consolidation is finishing up.
Sink or swim mfr
No in between either sky or zero
Floor your coins and buy stonks Gary said
MATIC - The one token not to hold in 2023 Hype does not begin to cover it (links way below). Am reminded of ADA bulls at three dollars and above after rallying from 3 cents or Ethereum from 180 dollars to 4.5k. Greed is a powerful emotion and in full swing.
“Is your 5 cent idea still valid?”
“You’re prediction is wrong”
“Get a real job you’re crap at this!”
A flavour of the messages that are received weekly on this token. Cute, irrelevant, and filled with emotion.
When the Cardano and Ethereum short ideas were published (ideas below) the market euphoria was effervescent. I remember messages at three dollar ADA telling me it was going to 30. I reminded said individual that would result in a market cap larger than many top 100 S&P 500 companies. It was that insane.
Why so bearish on MATIC? For the exact same reasons as ADA and ETH at the time. Now the public ideas shared on tradingview.com don’t show anywhere near the level of study that is happening, which generally leads to a lot of assumptions. One of those areas of study is the Bitcoin pair with said token.
2-week chart on ADA/BTC before collapsing from three dollars
2-week chart on MATIC - spot the difference?
Is it possible price action continues up? Sure.
Is it probable? No in bright neon blink blink.
Ww
Hype links from the bros ;)
www.youtube.com
www.youtube.com
$MATIC Volume Increasing, Inverse Head & ShouldersCRYPTOCAP:MATIC Volume Increasing, Inverse Head & Shoulders
Level to watch $0.85, $0.94, $1.00.
Support at $0.80, $0.73, $0.66
CRYPTOCAP:MATIC is leaving the lower support lines to challenge upper resistance lines.
Matic Full Send Incoming DCA Long on this from here and current lows.
I think this sent sooner and faster.
Looking strong.
Targeting 1 and 1.2
Note: Not a Financial Advice.
Matic Range High Incoming !!! Ready ?Hello traders i hope you are doing well market took downside liquidity and now going towards upside liquidity and its a range High !! i am expecting market will take Highs very soon
Matic !
maticusdtMatic analysis:
The price has already tested the support area. You can consider taking a small long position there with a tight stop loss. If the price does not close below the support level, we may expect a bounce from there. Our we can buy it with dca strategy at major support area and holding it .
Local Support Area : $0.68-$0.735
Major support area :
$0.49-$0.53
Resistance Area : $0.90-$0.92
Major resistance area ;
$1-$1.1
