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MATICUSDT

MATIC / USDT 1D chart Resistance and SupportNow we will check the situation on the MATIC chart in pair to USDT, also on a one-day interval. at the beginning, let's mark with a white line, the main downtrend line, however, we can see that the price has broken the local downtrend line. Now let's move on to checking where we currently have support for the price. And here we see that we first have a support zone from $0.93 to $0.81, if the price goes lower then the next support is at $0.70 and then $0.53. Looking the other way, we can see that the price has bounced off an important resistance at $1.04, then there is resistance at $1.20 and $1.45. Now look at the CHOP index, which indicates that the energy is starting to rise, MACD indicates that despite the correction, we are maintaining an upward trend, while the RSI shows a nice rebound, thanks to which we have a new place for growth.
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by cryptodailyuk
MATIC : Looking for a 2X Profits Probability?!I dont have much to say about Polygon. It surely is and must be considered as one of the highly rated potential projects. Fundamental wise it surely did show its strength through out the bear market specially by having a well articulated mainstream media coverage while it collaborate with heavy names in different sectors around the world mostly from the developed nations. How about the Technical Aspect? Well, this question surely is dependent on the overall crypto market sentiment. Specially if it is going to be the starting of an alt season #MATIC will be one of the best performers in the market. But what if Bitcoin fails to achieve and continue its strength and go in search of a new lower low. Then it will be a good accumulation opportunity to grab more to our pockets. For now lets try to hear the chart's heart beat looking a little bit closer. In this post I will just raise three main reasons for saying #Matic is showing a bullish alert at least for the long term. 1/ PATTERN FORMATION : The formation of a major triangle consisting of minor neutral triangles is formed. And it just broke out by the past week and trying to continue the momentum in the North direction. Last week's candle also close above a major resistance area at around $0.93 breaking out from the traingle strongly passing the EMA levels. 2/ Guppy Moving Average: This indicator is showing that a bullish sentiment in the market is already here on the 1D chart and the shorter period EMA's are trying to pass past the longer period EMA's which will be considered bullish as far as they are moving below the current price. 3/ RSI: RSI line is looking in a bullish setup and is in a healthy movement in addition to the fact that it crosses the RSI based MA which is a bullish sign by itself. This analysis is mainly consider to view from a Mid to Long Term investment opportunity and more or less for hodling for some time. Accumulation Area : $0.9 - $1.1 Target Area : $2.9+ Mean while, I will give updates on the shorter term sentiments about #Matic. If you agree with this analysis drop a like and share it to someone whom you think will benefit from it. Otherwise please do consider to drop your comments if you have any disagreement on the idea and lets flow the knowledge and benefit mutually. Stay safe blessed. Stay Tuned too.
MLong
by cryptotalk_et
💲 Matic Ready To Break Out Higher 💲💲 Matic Ready To Break Out Higher 💲 Nearest strong support zone: around the 0.236 level of the downward wave 💲 Nearest strong resistance zone: around the recent peaks level 0.382 of the downward wave 💲 Technical environment: - Moving averages: 50/50 - MACD: Uptrend - RSI: Uptrend 💲 Price action: Matic is really climbing solidly, compared to other popular cryptocurrencies looking at its increases it has not fallen at all as hard as the rest during this bull market. The strength can be seen right away on the chart, it looks like with the current new wave of growth in the crypto market MATIC can easily reach around the 0.382 level of the entire downward wave. 💲 The scenario I'm playing out is a continuation of the increases to the first strong resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
MLong
by InvestMate
1
✴️ Polygon Hits Perfectly First Resistance, Next Target Mapped It is hard to belief we haven't revisit Polygon since December 20... Yet it is my pleasure to share a new update for you but first, the previous trade idea to know where we are at: ✴️ Polygon Has Bullish Potential | Can Grow 100%+ Our resistance was hit perfectly and all the indicators are flashing green. The RSI is trending up strong. Before making the mistake to think that it will become overbought just zoom out and look at the weekly timeframe... Things are only getting started. Always do this, when you see the daily timeframe looking over-extended, before reaching any conclusions first zoom out and you might get a new perspective. Weekly MATICUSDT is moving above EMA50. Closing and staying above this level is a very strong bullish signal. Now, we are trading within higher low territory as we already know we can now aim/look forward to the next high. There are many ways to extract targets/resistance levels but Fib. is our preferred tool. This is giving us a potential target at $1.65 for 66%. Very convincing... It all looks really good but... Remember, things can always change. So we prepare for both scenarios, always. What to do is prices go up, how much to sell and when to sell... What to do if the chart changes and moves the other way... It is wise to prepare before-hand. Nothing to lose, much to gain. Namaste.
MLong
by AlanSantana
MATIC/USDTesting/Tracking Elliot waves. Please do not trade without stop/loss. Matic has been my favorite coin throughout this bear market. It has been one of the few coins constantly publishing updates & making progress in a bear market. Countless numbers of partnerships especially with big name corporations is a plus. This means a lot of people have faith in this project. Enough with this though lets get to the charts. Chart timeframe is on the weekly. I have posted a few charts on matic already and have been signaling the bottom since it hit .31. The reason for this is because that's the -90% drop. If not all, majority of coins will go through a 90-95% drop from the top when we enter a bear market. If your coin has already dropped 90% and it risk falling another 5% is very little. This is where you should start positioning more, regardless if it drops further or not. On this chart I am showing you 2 potential top for the next bull run. 4.7 and 7.8. Before I go any further, let me quickly explain why you should've bought some at .31. A 90% drop from the top of 2.9 brought us to .31 A 95% drop from the top of 2.9 brings us to to .15 or so You would've been risking a -50% drop for a potential gain of 1400%+ R/R ratio of 29 (you can check by hovering over the long position: green & red chart) Now I'm a big fan of DCA. let's say you decided to buy at .31 and it did go lower into a -95% drop. This is the perfect spot for you to add more into your position. Not only did you get some for the above R/R ratio of 29 now you got some for even more. A -95% drop is normally the highest all coins drop, not many go much lower than this. With a -95% drop your R/R ratio is 35. I've placed the stop loss at -98% cause I've seen some coins go there. Your potential gain from here is 3500% Now you're adding your first position with second position. For these type of gains, the risk was very little. Currently we're at a -69% drop from the top according to today's price. If we ever go near the prices of the above, God has given you a second chance. From today's price your R/R ratio is 4.5 (437% gains) with the stop loss being under the -95% drop. The gains you potentially could've made has already gone down by tripled. The risk of buying here is still not bad, but the once in a lifetime opportunity has already gone by. The wave projection on this chart is based off of wave 1 and wave 2 already being made. Wave 3 target is an estimate of where the next bull run may take us. I tried to time the wave accordingly to the timeline, however, Elliot waves cannot predict time. Chart timeline is based off of the bull cycles in the crypto market. We normally get 2 years bull & 2 years bear that corresponds to bitcoin's halving events.
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by AyoKu