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Maticlong

Matic May Break the Accumulation box and go HighBINANCE:MATICBTC matic has been trading within the given box a little ranges of 220-230 sats since few weeks. We need at least a 12h close above 237 sats level for further confirmation of Bullish trend. Matic is bearish below the box and above it is bullish. Take your profits at the given prices 260-265 is the key area to break and to Further push it towards 300 sats. We are already above EMa00 and Ema 300. Rsi is looking good with Regular divergence and volume is also good.
MLong
by CognitoBTC
MATIC/BTC 4H Breakout retracement entry possible.If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). MATIC experienced a nice breakout and now seems to be running out of steam a bit. The buyers are getting exhausted as the RSI shows it's overbought with a slight bearish divergence on the RSI as well. It's still bullish as these uptrends usually have three upcycles ( Elliot wave ). And the Tenkan ( Yellow line ) broke away nicely from the Kijun ( Dark Blue line ) which is also a bullish indication. But as always chasing is not a good plan. So if it comes back into the Purple box where the R1, Kijun, and Tenkan reside and doesn't bounce it was a fakeout. If it does bounce on these as they should act as strong support, that would confirm the trend and be an ideal Long entry position. If you would like to daytrade it for a riskier play, you could short the retracement as well.
MLong
by VrotteOtter
How Much Bullish Matic Network Can Be???Hi friends hope you are doing well today I want to talk about the Matic network, how it is turning bullish and how much the mainnet launch at the end of May can affect the price action of Matic token. The mainnet launch of Matic network is expected on 31st May 2020. Therefore the current bullish move of the Matic can be different from the previous bullish rallies and we can expect some exceptional moves in the price action of Matic network. Like we have recently witnessed in case of Tfuel. Movement within the channel and bullish signals: Now let's watch some technical analysis and on the daily chart it can be easily seen that the price action of Matic network is moving in a parallel channel since December 2019. The movement of the price action within this channel is very much synchronized with stochastic and directional movement indicators. If we take a closer look on the chart then it can be observed that whenever the price action hits the support of this channel and stochastic gives bull cross and the positive directional indicator (+DI) crosses up the negative directional indicator (-DI) the price action moves up and reaches up to the resistance of this channel. This time again when the price action reached at the support of the channel then stochastic gave bull cross and the positive directional indicator crossed up the negative directional indicator on 6th April 2020. Then we have witnessed a sideways move then finally the price action of Matic network turned very strong bullish and rallied more than 85% sofar. At this time the ADX of directional of movement indicator is at 40. That is showing the power of bulls and even though the stochastic is moving down and has given bear signals but the ADX is not moving down. So we can expect if the candlesticks will be closed to the resistance of the channel and the stochastic will again give the bull cross from here. Then the price action can break out the resistance at any time. Can we expect a breakout like it happened in previous channel? Here I would like to recall the previous down channel that was formed by the pricline of Matic network. The price action was moving within that channel from July 2019 to November 2019. At that time the price action was also very much synchronized with these two indicators. The stochastic indicator and Directional movement indicator. And If take a look at the final move of the price action then we can notice that when the priceline of Matic reached at the support on 26th October and the Stochastic gave bull cross on 5th November then on 14th November 2019 the positive directional indicator crossed up the negative directional indicator. Then price action turned bullish and after breaking out the resistance of the down channel a bearish candlestick was appeared just above the resistance of the channel. At that time the stochastic also gave the bear cross from overbought zone but again the stochastic gave bullish signal and we have witnessed more than 260% bullish rally. At that time the ADX line of directional movement indicator that was showing the power of bulls did not drop down. Even though the stochastic had given the bear cross. Now the similar move by the ADX and stochastic is happening in current channel as well. The only difference is that the bearish candlestick in the previous channel was appeared just above the resistance of the channel and this time the bearish candles are appeared just below the resistance. Cup & Handle patterns the bullish reversal signal: On the same daily chart we can also observe that the price action of Matic network is forming cup & handle patterns with the continuation. The previous cup was started from December 2019 and ended on Feb 2020. After the completion of cup the priceline moved down for the handle formation and retraced upto 0.618 Fibonacci level. That is the golden ratio of the Fibonacci retracement. And completed the handle of the cup. The it turned strong bullish now from March up till now the price action has formed another cup and at this time it is moving down to form the handle of the cup. So far it is not retraced even upto 0.382 Fibonacci therefore I am expecting that it will be retraced between 0.382 to 0.618 Fibonacci level to form a perfect handle of this cup. And as we know that this is the bullish reversal pattern. Therefore we can expect a very powerful bullish rally after the completion of this pattern. That can lead the price action to the breakout the resistance of the channel as well. Simple moving averages are turning strong bullish: On the daily chart the simple moving averages are also turning bullish. I have placed simple moving averages with the time period of 25, 50, 100 and 200. If we take a look back in October 2019 then it can be clearly seen that when the 50 simple moving average crossed up the 100 simple moving average and formed a golden cross the Matic turned very strong bullish and produced more than 260% rally. At that time the 200 simple moving average was not available as per binance exchange. Therefore I am noticing the golden cross between 50 and 100 SMAs. Now if we move back to the current situation then 50 simple moving average again moving up to form a golden cross with 100 simple moving average. And after this cross it can also form a golden cross with 200 SMA as well and that is considered as a very strong buying signal. Moving averages on long term: Now I would like to take you to the long-term chart to show you how much the matic is bullish on weekly chart. Here I have placed the moving averages with the time period of 7 and 25. On the weekly chart these two moving averages are very useful. I have noticed that especially on long-term charts these moving averages really work very well to identify the bearish and bullish trends. Now let's move back to the topic again and on this weekly chart we can see that the 7 moving average formed a bull cross with 25 simple moving average on 11th November and after that the price action rallied more than 160%. Now this is happening second time in the history of Matic network price action as per binance exchange that the seven moving average has cross up the 25 simple moving average again. Therefore we have very strong support of these moving averages on long term and this bull cross can produce a very strong bullish move that can lead the priceline of Matic network to achieve the higher than the previous highest price level. However the stop loss strategy is really very important to enter in such bullish trades. Therefore you should use any stop strategy before buying the Matic network. Or you can also useuse 200 SMA for this purpose. Contusion: Even though the price action has reached at the resistance of the channel but the bullish patterns and the moving averages are signaling for the break out. However if the price action will break down the 200 SMA then it may retest the channel support again. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MLong
by moon333
4
MATIC/BTC bullish updateMATIC/BTC bullish update: according to TA I told you last day you can sell at 220 satoshi and we can see retracemnet at 204 Satoshi. hope you happy. now current price is 215 Satoshi. Now I can expect one more small drop and again we can see next leg upward side. towards 269 satoshi. So keep an eye on chart. Support: 204/194 Satoshi Resistance: 269/312 Satoshi Please guys dont forget to Click LIKE button for appreciate me. and if you earned money from last call then please help poor people in COVID19. thank you so much
MLong
by CryptoPatel
24
MATIC/BTC 98% Potential in Short Term#MATIC/BTC Fresh Setup: #MATIC finally bounce back from Strong Support 170 Sat. and I told you last update fro best entry. Still good entry and bearish bellow 168 sat. Keep in eye on every update in chart. Because market is very volatile so if MATIC candle close bellow 168 Satoshi then bearish. and I will exit. but Now Technical analysis and Fundamental Analysis both are very Strong so we can expect 30%-70% profit from here in short term. S: 168/141/121 Sat R: 215/250/303 sat Please like and follow me for latest crypto updates. Thank you
MLong
by CryptoPatel
Pacience time for MaticHello Traders, MATIC/BITCOIN is about to make a decision of the future trend direction, we are above a important support level, but on it seems to be a bearish acumulation pattern, now is time to be pacience and wait for more clear indications to go with the trend. On the chart we mark important informations as entry points, and our objectives of the two direction, Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
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by MarketMinds
1