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MATICUSD trade ideas

POL: Key Support Holding or Deeper Correction Ahead?POL: From a price perspective, the pullback into support between $0.186 and $0.357 aligns well with the idea of a fourth wave within a larger upside impulse. However, the prolonged nature of this retracement reduces confidence in that outlook. Given the complexity of the correction and the broader position within the crypto cycle, a break of support and a deeper correction remain plausible. In that scenario, a test of the $0.023 - $0.065 region could come into play. It may be prudent to wait for a clear confirmation of a local low before turning bullish on this chart again.
CRYPTO:MATICUSD
by MCOGlobal
2
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection. MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending channel. A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone) The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting. The previous bullish impulse (Wave (5)) ended around $2.75 This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion. Bearish Scenario: If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible. However, this scenario would likely require a broader crypto market downturn. Conclusion: Potential Long-Term Trend Reversal The current zone suggests a possible bottom formation, which could lead to a new bullish cycle. A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal. Traders might consider accumulation in this range with a stop-loss below $0.17. Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
CRYPTO:MATICUSDLong
by Anakyn
Hitting a bottom on MATIC?...I don't really trade Crypto's however this one stood out to me as a potential opportunity on the weekly time scale. MATIC has been trending down since late 2021 but it has always shown a bounce around the $0.30 zone, ultimately creating a very large descending triangle coupled with a MACD that has been diverging up. Could we see a rally ahead towards $1.00+? well that remains to be seen but I liked the setup and took the opportunity. Should be interesting in how this develops and thus, I'll be keeping an eye on this one. I'm also checking out DOGE and XRP. As always, Good Luck & Trade Safe.
COINBASE:MATICUSD
by InternalTraderNYC
Perfect Time to Long POL(MATIC) – Targeting $1.1-1.3This is kind of similar to my recent EURONEXT:PYTH post. CRYPTOCAP:ETH has been battered, and ETH/BTC has trended down for years—nothing new. Every cycle plays out the same way. In 2025, Ethereum will likely push past $7K, with the best-case scenario above $16K. When that happens, Layer 2s will follow. Polygon has repeatedly bounced from the $0.30-$0.35 range, rallying hard when the market turns. This is a no-brainer long opportunity. CRYPTO:MATICUSD
CRYPTO:MATICUSDLong
by toghrulaliyev
4
POL/USDT | 1W🩸 PSX:POL ⁀➷ #Polygon. Macro chart Another 💯 Intermediate Target - $0.85 🚩 Macro Target 1 - $1.20 🚩 Macro Target 2 - $1.70 🚩 Macro Target 3 - $2.45 - Not financial advice, trade with caution. #Crypto #Polygon #POL #Investment #L1 ✅ Stay updated on market news and developments that may influence the price of Matic. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
CRYPTO:MATICUSD
by Nyskohuz
2
MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain. Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months. Good luck, and always use a stop-loss!
CRYPTO:MATICUSDLong
by MetaShackle
3