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MATICUSDT trade ideas

MATIC ready for correction - where to buyhi traders. Many people are very bullish on altcoins now and so we are , however there are some altcoins which are going to underperform the market and MATIC may be one of them. MATIC shows a lot of weakness versus Bitcoin. It's actually at the very key level which was tested many times, but we know the rule... support tested more times is likely to fail. 2 scenarios for MATICUSDT are shown on the chart. MATICBTC can drop 28 % Conclusion: for a time being, we would not buy MATIC as it doesn't show strength vs BTC. where to buy MATICUSDT: 0.50 $ to play a bounce 0.32 -0.35 $ for a swing trade
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by vf_investment
1
MATIC BULLS CONTROL AGAIN!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. MATIC BULLS TO TAKE OVER AGAIN! As we can see price is retesting our previous major high broken upward, where we will be looking for new longs from a shorter-term perspective. Meanwhile, price is trading inside this falling broadening wedge pattern, Moreover, for the bulls to take over on H1 time frame, we need a break above the last major high, Then a movement higher would be expected. And until that happens price can still trade lower till the lower support zone, where we will be looking for new longs as well. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
MLong
by Hadi_karaali
1
MATIC: Sign of Strength Projected Peak Between 2.16 and 2.23Hi Everyone! I know this sounds crazy. I'm simply applying my methods to the charts and refuse to do it differently until proven otherwise. Yes, you read correctly! I'm projecting our Sign of Strength event in Phase D to reach its peak at a range between $2.1614 and $2.2329 according to my 1.618 Fibonacci Extension Range. This would be followed up by a Back-Up/Last Point of Support Period in Phase D; potentially lasting a couple of months. Happy Trading and Stay Awesome! David
MLong
by WyckoffMode
6
✴️ Polygon Goes BearishThere is no need to speculate here as the move that I am about to describe is already happening. Polygon (MATICUSDT) is dropping below EMA10 on a Sunday (bad news). Monday can start as full red. ➖ Trading volume stopped completely after the 14-November high. ➖ Even worse, the peak that followed mid-December is a lower high. ➖ The RSI is bearish... 👉 Prepare for the drop! The main two levels are mapped on the chart but it can go lower... It doesn't make much difference. After the correction Polygon will resume growing and do great in the second part of 2024. This is a normal correction that we have been expecting, 2024 will be a great year overall but there is some pain to go through at the beginning, in the latter parts it will be great. 👉 Prepare before hand. With tends of thousands of Altcoins and trading pairs, there will be many, many, many growing while the big ones retrace. Each chart/pair needs to be looked at individually, we cannot generalize in this market phase. Thank you for reading. You can show support with your follow, comments and boost. Namaste.
MShort
by AlanSantana
10
Polygon Portal Live as New Era Beckons for EcosystemEthereum-based layer-2 scaling solution Polygon (MATIC) has scrapped its proprietary Wallet Suite in favor of its newly launched Polygon Portal. New era ushered in With the Polygon Portal, the protocol says users and developers can now gain proper access to most of the solutions associated with the Polygon Chain. Through the Polygon Portal, users can now explore comprehensive dashboards for Polygon PoS, Polygon zkEVM and Ethereum. Among the benefits of the new portal include Unified UX for bridging, Third-Party Bridges, the ability to refuel gas and access to explore developer tools. The Polygon Portal also comes with comprehensive documentation, and users will have access to support and the ability to provide feedback. Polygon is constantly evolving, and this evolution is showcased in its ability to revamp its solutions such that they are typically more usable by both developers and users alike. The advancement in its design accounts for why the protocol is the top destination for many enterprises and organizations entering the Web3 ecosystem. The soccer world-governing body FIFA just moved its non-fungible token (NFT) collections from the Algorand blockchain to Polygon. This complements related moves by other firms like Starbucks and Flipkart with active loyalty programs hosted on Polygon. MATIC price in mix The broad-based improvement in the Polygon ecosystem has an underlying, though indirect, impact on price. At the time of writing, Polygon has jumped by 2.67% to $0.8646, extending its weekly gains to 8.16%, according to data from CoinMarketCap. With the launch of the Polygon Portal a show of consideration for developers, we may see more of an influx of innovators into the ecosystem, with new dApps introduced that can drive demand for MATIC. Alongside the POL rebranding that is underway, the upside for the protocol’s native token in the long run is enormous.
MLong
by DEXWireNews
MATIC target 1.4712h time frame - MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64. - TP: 1.44~1.47 SL: 0.7145
MLong
by EthanTW
1
MATIC → Polygon Bull Run Near Complete! Reversal Time?Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here? How do we trade this? 🤔 We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle and confirmation before entering a position, then target a 1:2 Risk/Reward back down to the 30EMA. Protective stop just above where the price reversed, likely at the $0.95 area. A bear signal candle usually has a long wick on top and closes on near its bottom. The confirmation candle usually consists of a strong bear candle closing on or near its low, "confirming" the reversal. Confirmation is a bit misleading, it just means we have a high enough probability based on historical data to justify a short position. 💡 Trade Idea 💡 Short Entry: $0.9240 🟥 Stop Loss: $0.9735 ✅ Take Profit: $0.8250 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Double Bottom at 200EMA, Bias to Long! 2. Wait for bull run to finish. Target Resistance Zone for Reversal. 3. Look for Bear Signal and Confirmation Candles. 4. RSI around 68.00 and above Moving Average, Short-term Bias to Long. 5. If Reversal bars and RSI over 70.00, Consider a Short Position. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
Nice price for enter in Matic.Polygon (MATIC) is one of my favourite coins. I like their project and their platform with a lot of dApps. Price is now in good entry zone for those who would like to buy it. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Targets 1 and 2. Entry Zone: 0.70 – 1.05 Buy Zone:0.23 – 0.35 Target 1: 1.64 – 1.78 (55%) Target 2: 2.75 – 2.89 (159%) Target 3: 3.53 – 3.76 (234%) Target 4: 4.62 – 4.91 (335%) Target 5: 6.40 – 6.63 (504%)
MLong
by Abmoon
10
SasanSeifi 💁‍♂ A Price Analysis of the 4-Hour TimeframeAs you can see in the 4-hour timeframe, the price has been in an uptrend from the demand zone at 0.73. It broke through the HIGH at 0.79 and grew by approximately 14% to the price range of 0.83. After the growth, the trend is currently range-bound in the price range of 0.80. In the 4-hour timeframe, it is very important to maintain the support levels of 0.80/0.79 cents for the continuation of the bullish trend of the symbol. The expectation that we can consider in the 4-hour timeframe is that, if the support levels are maintained, we will see the price grow to the liquidity range of 0.87. Then, after a partial correction and pullback, it will again be accompanied by further growth up to the supply area and the bearish order block of the price ranges of 0.90 cents and 1 dollar. The possible trend is also shown in the above image. In the event of positive fluctuations, it will be important to see how the price reacts to the liquidity range of 0.87 cents to better understand the continuation of the movement. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
MLong
by SasanSeifi
5
✴️ Polygon Massive Bullish Explosion Within Hours?!➖ The daily session is at a multi-months high; ➖ The trading volume is favoring the bulls; ➖ The consolidation phase is long gone, over; ➖ The indicators are all trending up; 👉 Polygon (MATICUSDT), is ready for a massive bullish explosion! After the minor peak 24-Oct prices remain trading above EMA10, which means no correction. As MATICUSDT continues to challenge resistance with bullish volume going up, we can expect a major break to happen, the strongest move we've seen since January but stronger when all is set and done. This is just a friendly reminder as I already shared many charts for this pair. I hope you won't stay behind... Time is running out! Thank you for reading. Namaste.
MLong
by AlanSantana
24
✴️ Polygon | The Good News About Low VolumePolygon (MATICUSDT) can be seen ultra-bullish but, Where is all this bullishness coming from? This week we are at the 4th session green, with each week hitting new highs. Each week is full green with EMA21 and EMA10 having been conquered as resistance, the bulls clearly have the upper hand. The RSI, blah, blah, blah... Let's get to the interesting part! Hold on, the volume signal first. Trading volume is relatively low and we don't have a high volume week that reveals what is coming next. In this type of scenario the low volume indicates that there is no selling pressure. It indicates that the real action is yet to happen. Since we have really strong bullish signals with the candles, higher lows, moving averages and RSI, the volume becomes secondary and actually reveal that there is still so much potential for additional growth. Where does all the bullishness come from? We use these charts to predict the future. Obviously, the charts do not predict the future nor reveal anything about it, the chart is the past but we can use this information to reach certain conclusions. Bullish actually means bad, in some cases, in some ways. Bullish can actually mean low prices, crash, bad news, etc. This is important because it is really basic and I see many people are still confused. It would be a great upgrade for your charting, your sharing. When we use the word "bullish", we are referring to future potential growth mainly. So, bullish at the bottom, bearish at the top. The indicators can be read in many ways... Here is one that is easy and everybody can agree and understand. An RSI reading say of 18 is considered weak but instead we call it "oversold" and we use this "oversold" signal to understand "buy" or potential for higher soon based on this reading. On the contrary, when the RSI is really high, say 80, it is considered super strong. But this is tricky, it can work great if we take the broader market into context but at one point a "strong", "bullish" RSI reading can be considered overbought, signaling a bearish potential. All the bullishness comes from the fact that MATICUSDT was trading near support, produced a reversal pattern and started to go up... While the technical signals can be read as bearish, we use the charts to better understand these signals and know that while technically bearish, the potential is up. So we say bullish when prices are down and bearish when everything is up (based on the correct interpretation of the chart signals of course). Thank you for reading. I hope you are being entertained. All the information is shared here for educational purposes, 100% FREE... You just need to comeback if you enjoy it to show your support. You are appreciated. Be blessed! Namaste.
MLong
by AlanSantana
4