MATIC POTENTIAL BREAKOUT A potential breakout out of the wedge , if the wedge is retested successfully then we can see a massive spike up . All points ( TP & SL ) evident on chart
MATICUSDT trade ideas
MATICUSD ❕ rebound from supportTD Sequential formed an up reversal signal (4H TF)
MATIC fixed above 50EMA (4H TF)
RSI is in the buying zone.
The asset will continue to grow after overcoming the resistance level.
MATICUSDTIs MATICUSDT getting ready for some serious bull run?
It seems like the MATICUSDT is in the formation of ABCD pattern.
If the CD leg plays perfectly it will be a sky rocket.
Polygon Matic: It Looks Like It Will Pump Again? Find Out NowI took a look at BINANCE:MATICUSDT.P chart and it is obvious that bearish reversal is upon us...
If you have a glance at the historical data on coinmarketcap, Matic is one of the few OG coins that has yet to lose 90% of its value since ATH.
It had a good reaction at a critical support level, and it made an impressive U-turn!
It is safe to be bullish on Matic right now in my opinion.
Also, there is no unlock event around the corner, still bullish:)
What are your thoughts about this analysis? Share them with me in the comment box.
If this analysis makes sense to you, follow me now and support this idea.
I will continue to update this chart.
Cheers!
MATIC USDT ShortMATIC has came to the 4th Wave fib level 0.38 & position has taken. More Margin will add with the given positions. 1: 2.28 RR ratio.
Bear Flag also forming.
short to mid term Matic prediction ! 30%+ PossibleHello Traders,
Lately It is harder to guess short term targets due to instability of BTC and general outlook of the overall markets.
There are many exciting news but one strike me the most. Instagram, Facebook officially begins testing Polygon integration! 🤯🔥
If deployed widely, anyone in the world will be able to connect their Polygon wallet to Facebook and display NFTs as posts. Mass adoption infrastructure in the making.
I believe Matic could pull %30-100% in near term from the current levels of $0.450. But of course BTC should not crash! However I remember last big BTC crash , Matic was able to pull huge counter move against BTC so anything is possible. Volume relatively high and it is decreasing while correcting. So in order for bears to go down any further they will need huge volume but looks like bull momentum could gain upper hand here at this point for a while.
A Wedge Pattern Which Can Help MaticMATIC - A Wedge Pattern That Can Help Matic
The price is above a bullish wedge pattern on Matic.
On the lower part we have a support zone which was very strong and pushed the price
up again.
However we have also FOMC this week and we have to be careful about the impact
that it may create on the crypto market. All is related with the market expectations ahed of the FOMC.
Be careful as it is a riskier setup this time.
Thank you and Good Luck!
Matic strong rejection and 50% crash incoming CRYPTOCAP:MATIC :: #futuretrade sell short ↘️
#dyor #nfa short ⏰ period analysis 📌
Recommend leverage cross 3_4x 💰 1%
Buy :: $0.7-0.766
Sell :: $0.61-0.51
#SL :: $0.8177 ( day close )
Matic To .30's?Looking at the 1 month chart, it looks likely to see matic perhaps in the .30c range before a major uptrend?
MATIC could get a move to the upsideThe execution of this strategy may require a significant amount of time and planning, but it has potential with a possibility of the commencement of a weekly bullish divergence within a four-day timeframe. It would be advisable to closely monitor this development, as it may present an opportunity for a swing long position. It is worth noting that despite the current low volume in the crypto market, the high timeframes are displaying favorable divergences, making them worthy of attention. I consistently emphasize the significance of identifying divergences as they are my top trading strategies.
MATIC Faces ☁️ - Downside Risk. Short Opportunity? 🤔Bullish sun shines over the global crypto market in the next 24 hours. ☀️ Some altcoins such as MATIC, XRP, and Avalanche do, however, face some ☁️ and a slight downside risk.
Over a one-week horizon, ☁️ and rainy trading conditions can be expected, signaling a bear market for most of the crypto universe, MATIC included. Binance, Polkadot, and Chainlink won’t be affected, according to ATTMO, which forecasts ☀️ over this longer period.
Follow us for more crypto weather reports!
confluence of fib elliot and classic channles on MATIC/USDT 1Was you see we have a great confluence on MATIC chart weekly for end of bears season whit :
1. reaction of fib extension on retracement. (look 1.272 on chart)
2. elliot waves on abc corrections.
3. top and bottom of classic channels.
all three methods clearly agree on the flag installation point.
but my advice is to buy at all three tp`s
confluence of fib elliot and classic channles on MATIC/USDT 1Was you see we have a great confluence on MATIC chart weekly for end of bears season whit :
1. reaction of fib extension on retracement. (look 1.272 on chart)
2. elliot waves on abc corrections.
3. top and bottom of classic channels.
all three methods clearly agree on the flag installation point.
but my advice is to buy at all three tp`s
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for MATIC Polygon is $0.41.
Looking forward to read your opinion about it.
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
MATIC is in the purchase zone!!!Global Buy zone 0.4374-0.2353
The purchase level of 0.3208 has worked out
Now the price is in the buy zone 0.5795-0.4879
Which is located in the local purchase zone 0.5663-0.4080
Buy level 0.4933
Volume price 0.8805
There is a probability of entering the Global ZONE!!!
Bucket 0.32!!!
MATICUSD-LONG TERM TRADEBINANCE:MATICUSDT
leading from the trendline pattern in 1 week time, COINBASE:MATICUSD experienced a pullback pattern after a decline and then an increase after that but only ETFs could lift this volume back.
for the long term in the fib retracement area KUCOIN:MATICUSDT will be at 1.4551 and if it manages to break upwards again for the long term it will be in the 2.7944 area.
MATICUSDT IdeaAn idea for MATIC suggesting a bullish recovery at the secondary support level in dashed line.
Strongest support would be also good.
The secondary support coalesces with a horizontal support so it would be nice to see strong reversal there.
I am very bullish on MATIC.
Matic 91123Very bad. Looking much like Solana but on fentanyl. This , BNB and a few others like AVAX. Look ready and set up to collapse massively. These are the levels to the downside. It must take out the previous high to really set up any bullish push up. This is really a garbage support its coming up on. RIght now its in free fall. Yes it could get a scam pump up but unless it takes out the previous high. Look for downward consolidation at best, but honestly I expect collapse
Bitcoin is king
MATIC on its way back to earthThe price has broken below the descending triangle, signaling a bearish trend with a target of $0.369. If BTC retraces to its 15k low, MATIC could potentially drop to $0.25 or lower.
With regard to the BTC-pair
The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent to keep an eye on the 2000 sats level, as it will play a vital role in dictating the price direction in the upcoming months!
The overall altcoin market is not looking strong. Regardless of the direction of BTC, the BTC dominance is expected to go up, and altcoins won't perform well against BTC.
