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MATICUSD trade ideas

POL/USD 1W !Hello everyone, I invite you to review the POL/USD chart taking into account the interval of one weekend. As we can see, the price has been moving in a downtrend channel for a long time, where there is still room for price increases. Additionally, it is worth mentioning that a positive upward exit from the channel may result in a strong increase close to the channel height around $1,89. However, before this happens, the price must overcome the strong resistance zone from $0.78 to $0.91, and then the resistance at $1.09 near the upper border of the channel, which will open the way towards strong resistance levels at $1.58 and then $2.38. Currently, we can see the price staying above the support at $0.59 and further protected by a strong support zone from $0.47 to $0.28.
COINBASE:MATICUSDLong
by cryptodailyuk
VARA USD & POLYGON MATICUSD Market Correlation, Bullish ReversalI have the daily on my chart to demonstrate the micro change in market structure that occurred this morning following the previously predicted pullback that occurred with BTC impacting the entire crypto market. MATIC and VALA remain perfectly correlated since August with variances existing in very small percentage points. On the Daily you see the lower B Band is equivelent to the middle B Band on the Weekly demonstrated in my previous charts. Here we see the rejection off of the local bottom which is the lowest price point on the chart followed by a rally which hit the trapped longs existing at approximately $0.04 on the VARA short to pull back and reject off of the massive order wall that exists between $0.0195 and 0.02 respectively. This order wall are a massive amount of trapped shorts in this area where fear overtook the market and a number of holders sold their holdings which were gobbled up bargain traders. Bargain price for this token will be anything between $0.0195 where you will be lucky to fill an order to $0.025 and equivalent price to MATIC.
COINBASE:MATICUSDLong
by fritbjorn
[MATIC] POLYGON could get to 2022 highs up (+100%) to (+140%)Matic is looking to reach the highs from 2023 and 2024, if it manages to close the weekly candle above $0,61 would indicate a good chance to reach these levels. Moneyflow is increasing in the monthly timeframe and strong weekly bullish divergences since 2023. The target is between fibonacci retracement levels from feb 2022 highs to nov 2024 lows, fibonacci extension levels from nov 2024 lows to dec 2024 highs to the last low, monthly/weekly levels and anchored vwap from mar 2021 to now. TARGET: $1,2298 to $1,4781 up to (+140%)
COINBASE:MATICUSDLong
by Miketubarao
MATICUSD - looking for potential price movementN Wave with E, V, N & NT projection and entry & exit strategy setup. The price has recently broken above the Kumo signaling a potential bullish trend. The Chikou Span is above the price, further confirming bullish momentum. Immediate resistance: NT level at 2.54. Support levels: Entry 1: Fibonacci 0.5 level at 2.32. Entry 2: Fibonacci 0.382 level at 2.21. Stop-loss: Fibonacci 0.114 level at 1.97, which aligns with a prior swing low. Kijun-sen and Tenkan-sen provide dynamic support. The Senkou Span A and B (Kumo edges) indicate an upward trend after a bullish breakout. Monitor the NT level (2.54). A breakout above it with volume confirmation could accelerate the price toward the first target (N at 3.13). Consolidation near NT without a breakdown may offer a better risk-to-reward ratio for entering long positions. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
COINBASE:MATICUSDLong
by mg6112
2
MATIC looks tired MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline. A good strategy is repetitive, and even boring. Keep it simple and efficient.
COINBASE:MATICUSDShort
by JC7USA
2
Polygon (POL) AKA "MATIC" - Long Key LevelsPolygon (POL) or "MATIC" has experienced a strong rally recently, climbing from its monthly low of $0.40 to its current price of $0.70. This implosive move has brought the bulls to push POL to a critical descending trendline resistance level that the bears have held in a long-term downtrend since 2022. The key level to watch is the $0.76 mark, where the neckline and trend line meet with previous resistance zones. A breakout above $0.76 could potentially surge POL to it's 1st target which is around a resistance level of: $0.89. If momentum continues, then price action will retest between: $1.23 - $1.48 representing a potential upside of +100% from the breakout at this current point
CRYPTO:MATICUSDLong
by Bitcoin_Benny
VARAUSD Additional Bullish SignalsOn the monthly a rare green dot has appeared on the Monthly chart. With the channels remaining open and no indication of a red dot a reversal to the upside is statistically more likely than a continuation. Plus the lower price point is a retest of support. Also a massive order wall exists just above $0.02. And lastly, these signals are present in multiple correlates assets. Each of my posts show clear evidense a reversal has already occurred. It is BTC that has the alt coins sitting on the sidelines.
COINBASE:MATICUSDEducation
by fritbjorn
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
3
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
MATIC/USD Long PositionRSI Bullish Divergence: RSI shows a bullish divergence, indicating that although the price has been making lower lows, the RSI has been making higher lows. This suggests that the downward momentum is weakening, and a potential reversal to the upside may be forming. Trendline Break: A break above a significant downtrend line signals a shift in market sentiment from bearish to bullish. This is a key technical signal that buyers are starting to gain control. Break of Lower High (LH): The price breaking a previous lower high invalidates the downtrend structure and suggests the beginning of an uptrend, which is a bullish signal.
COINBASE:MATICUSDLong
by SohailChaudhary
Polygon should eventually head towards fallingwedge brkouttargetIt broke above this falling wedge awhile back then rode the top trendline of it as solidified support for a bt before it finally started seeing a bullish impulse in price action. It should eventually head towards the breakout target indicated by the dotted white line. Very likely to do so starting around the time of its upcoming golden cross. It’s also currently heading towards a double bottom breakout target, I will link a chart with that chart pattern below. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
1
Value ZonePOLYGON on the monthly is currently in the Demand zone and in an descending triangle. One observation from prior months is that when there is a bullish candle in this zone there is bullish activity. However, descending triangles have the possibility to be bearish. The positives are that we have a bullish candle in the Demand Zone and some unfilled Wicks above that zone and we have healthy RSI readings. The negatives are is that it is in a descending triangle, and still in a down trend and global events and socioeconomic events could stir the markets. Have a great day
COINBASE:MATICUSD
by paper_Trader1775
LoadingGreetings Thank you for your time. Please observe after a series of Higher Highs and Higher Lows, (Polygon)MATIC is consolidating in an ascending triangle around a key level. Please observe the FIB levels. If price can move with momentum out of the triangle we *may* have *bullish* activity and price targets would *possibly* be the hypothetical FIB levels. Also, a golden cross may be on the horizon with the 50 and 200 SMA, sometimes after golden crosses there can be a correction but upward movement until the next cross. Please be careful have a great day.
COINBASE:MATICUSD
by paper_Trader1775