Polygon MATIC Price targets if SEC will ban Crypto StakingCoinbase CEO says he heard rumors the SEC wants to ban crypto staking.
Already crypto exchange Kraken shuts down crypto-staking.
This will have ripple effects in the entire industry!
My price targets for Polygon MATIC are:
MATIC/USDT short
Entry Range: $1.20 - 1.30
Take Profit 1: $1.05
Take Profit 2: $0.88
Take Profit 3: $0.74
Stop Loss: $1.41
MATICUSDT
Short MATIC vs USDTMatic is at a major Montly resistance level and it's forming a LH on lower time frames.
We can see that the momentum is slowing down and this could break down soon(not rulling out some scam wicks up before it breaks).
Scaling in shorts here with Stops above last high. If Stops get triggered, will wait for price to get back under $1.55 to pull the trigger again.
Good luck.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
✴️ Polygon (MATIC) End Of The Correction?It is hard to call the end of a correction but why?
The bots adapt life to everything we do, everything we comment, everything we write, everything we share.
The correction can be due to be over now but if a large influx of money enters the market, the exchanges bots will "readjust" and dump on all of us rather than let the market flow.
No worries. The majority is in denial and it is hard to spot the end of a correction after all... Again, why?
Because there are multiple levels that are relevant for a correction to end.
Here we have the 0.618 Fib. retracement level short-term activated, below 0.382 Fib. retracement for the full bullish wave (since June) and lastly, the 0.5 Fib. extension level for this same wave as well.
The correction can end here when we look at the volume and the indicators, they already moved down strong enough but, if prices where to continue lower, the 0.8600 to 0.8900 price range is the next strong support.
It doesn't matter if the correction will end now or within a few days more... The bullish potential is really strong, Polygon has been growing since its June 2022 low.
✔️ 263 Days of higher highs and higher lows or almost 9 months.
✔️ The bear market ended in June 2022 for MATICUSDT... True, the bear market ended long ago.
✔️ Adapt and change.
✔️ Think long-term.
Thanks a lot for your amazing and continued support.
Namaste.
MATIC: Approaching SupportPolygon (MATIC) technical analysis:
Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support, which could be an attractive swing entry. Momentum is inflecting bullish again (MACD Histogram rising).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.60.
MATIC Waiting ✋for pullback completed Hi dear traders
As you saw in previous analysis we take profit 📈 full target ✅ in daily time ⏰.
Now the price pullback to retest resistance area act as support.
If hold this area as support, then we expect price rise to reach targets specified.
I expect this scenario for long position.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
MATICUSDTUltimate Bottom for Matic
Daily structure has been lost
Biggest Pump of Crypto Bear Market will have the Hardest fall
Remember alts always go lower than you expect
15 Cents is the target as this is where all the volume actually is
MATIC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, also on a four-hour interval. First of all, using the yellow lines, we can mark the downtrend channel in which the price is currently moving.
Now let's move on to marking the places of support. We will use the Trend Based Fib Extension tool to mark the supports, and as you can see, we have the first support at $1.06, the second support at $0.99, the third at $0.93, and the fourth at $0.87.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first significant resistance at $1.18, the next resistance at $1.24, then the third resistance at $1.30, and the fourth at $1.34.
Now let's move on to Index CHOP which indicates that energy has been used for the correction but there is still some left. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a significant rebound on the RSI, we are approaching the lower limit of the range, which may indicate an upcoming trend change.
MATICUSDT potential mega-move (x3-x15)Based on the current market trend and technical analysis of MATICUSDT, the trading idea is to initiate a long position with a buy zone between 0.94-1.00$.
Here's the rationale behind this trading idea:
MATICUSDT has been in a strong uptrend since the beginning of the year and has shown consistent higher highs and higher lows on the daily chart. This indicates a strong bullish sentiment among buyers.
The price has recently pulled back to the support level around 0.94-1.00$, which has historically acted as a strong support level in the past. This presents an opportunity to enter the market at a lower price point.
The potential upside for MATICUSDT is very promising, with the first target at 1.75$, which represents a potential gain of around 75% from the current buy zone. This target is based on the previous resistance level that MATICUSDT has struggled to break in the past.
The second target is at 2.35$, which represents a potential gain of around 135% from the buy zone. This target is based on the extension of the current bullish trend.
The third target is at 3$, which represents a potential gain of around 200% from the buy zone. This target is based on the Fibonacci extension level of the previous uptrend.
It's important to note that there are always risks involved in trading, and it's essential to have a proper risk management plan in place. Also, the potential uptrend of 15x is a hypothetical scenario, and there is no guarantee that the market will move in the expected direction. It's always recommended to perform due diligence and make informed decisions based on your risk tolerance and trading experience.
MATIC Price movement expectarionsAccording to price action, we have two major moves in MATIC:
At first look to the range zone If the price breaks up the range zone then wait for the pullback and enter for higher prices.
On the opposite side, if the price breaks down the range then get to a short position until the next resistance area I showed in the chart.
But the first scenario has the most probability according to divergence happening in MACD.
MATICUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for MATICUSDT
There are R3 and R3 on the top of the chart which used to be support areas. R1 is a resistance area and it represents the unsuccessful triumphs of the price to rise at several points. And as you see, S1 is our long-term support line with the support of price even since the past. At the present, we observe the fluctuation of price below R1. Our expectation would include another rise for the price to reach R1 (as its past behavior) and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts such as R2. It is so probable that the price loses the support at R1 and more decline would happen toward S1. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
MATICUSDT1. Matic gone bullish on Oscillators
2. Breakout of downward Trendline likely
3.Golden Pocket retrace is the Target
MATIC FALLING WEDGEVery bullish pattern on Polygon Matic on the daily timeframe
If we breakout to the upside we have a potential target of $1.60
#Polygon Tanks 30% in Less Than 3 Weeks, Support at $1.10Past Performance of Polygon
Polygon prices more than double from January to February. MATIC rose 108% from December lows and remains within a bullish formation despite recent losses. From the daily chart, MATIC is down 30% from February peaks and likely to post even more losses in sessions ahead.
#Polygon Technical Analysis
Polygon prices fell over the weekend, continuing their retracement from February highs. The token now has support at the 61.8% retracement level though the uptrend remains valid. As it is, traders can find support at $1.10 with resistance at $1.30, coinciding with the 38.2% Fibonacci retracement of the December to February 2023 trade range. Any loss below $1.10, confirming losses of March 3 and 4, might see MATIC slide to $0.95, a reaction line flashing with December highs. Meanwhile, optimistic traders can wait for an expansion above $1.30 before loading, targeting February highs at $1.58.
What to Expect from #MATIC?
The uptrend remains bullish, but bears are pressing on. With MATIC down roughly 30% from February peaks, retesting a critical Fibonacci retracement level, traders can wait for a definitive breakout. Gains above $1.30 or losses below $1.10 will shape the short-term trend.
Resistance level to watch out for: $1.30
Support level to watch out for: $1.10
Disclaimer: Opinions expressed are not investment advice. Do your research.
MATIC BREAKOUT SOON!!!MATIC
4HR Falling Wedge
4HR RSI trendline
4HR EMA resistance
BREAK = BULLISH
LETS GO!!
MATICUSDTjust take a look at this cypto, done mapping, just the predictions, not gonna trade it, but if! price reach 1.3859 I might be consider to deposit, lols!
Corrective riseFive downward waves were created + a positive divergence appeared, so it is expected that an upward correction will take place in the form of three waves before continuing the decline again
MATIC - Middle Up Channel Up channel is evident on maticusd
Will the middle hodl the price? or will the breakdown further itself down to the bottom of the up channel or perhaps lower.
Bet
[2023-02-28] [BYBIT:MATICUSDT] [LONG]Hello fellow traders,
Practice good risk management!
Anything can happen.
In order to make money, it is not necessary to know what will happen in the next moment in time.
For any given set of variables that define competitive advantage, there is a random distribution of failures and successes.
Competitive advantage is nothing more than an expression of a higher probability of the course of events developing in a certain way.
Every moment of the market is unique in its own way.
You alone are responsible for your trading – both gains and losses.
Good luck and happy trading!
$MATIC seems to have broken its downtrend on the 4H chart.$MATIC seems to have broken its downtrend on the 4H chart. I expect a rapid upward movement. The first level of serious resistance is 1.5$. If this level exceeded, it may encounter resistance around 1.9$.
MATIC USDT setup for LONGWarning:
This is not an Financial advice and only my personal opinion and it could be completely wrong.
For Matic, we have a strong trend line that has brought us up to this point. In the past few days, we have seen a great performance from Matic, and I think it needs a pullback.
Could MATIC Repeat History and Hit $100?Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!
