Get started

MATICUSDT

Matic Swing Trade IdeaSwing trade idea. Asset: Matic Bias: Long Confluences: •Fibonacci golden pocket/.786 • Loss of the value area low (likely a bullish loss of VAL-commonly mistaken as a fake out/liquidity grab •Formation confluence (descending channel @ 4hr broadening wedge ) •Market cipher confluence on lower hourly timeframes (anchor wave confirmed on the 1hr + 30m bullish divergences.) Daily bullish divergence with 2D bull divs printing. Entry Details: I’ll be looking to enter on multiple drives of 3m bull divs + 6m bull divs. Entry Zone: .5490-.5295 Stop loss: .5280 TP1: .5527 (VAL/1:1) TP2: .5712 (POC) TP3: .5824 (VAH) TP4: 5973 TP5: .6290 TP6: .6807 (pVAL) TP7: .7244 (pPOC) TP8: .7414 (pVAH) Concerns: Swing Failure Pattern (SFP) is a possible. I will consider entering on a sweep of the previous wick even after getting stopped out. As long as you are risking 1-3% the win will outweigh the loss tremendously over time.
MLong
by thesishimself
Can we get a golden opportunity soon?So there are a few things that I noticed, and it could be a great opportunity to consider either SPOT or FUTURES trading. As you can see BINANCE:MATICUSDT was holding an uptrend channel it has been a good support since June 2022. Looks like it is breaking down which is a very bad sign to go down further, but there is a major support zone at 0.3-0.35 area. This support zone must hold it otherwise we might even see a 0.05 area. The closing candle around 0.485 will be 3rd BOS (break of structure), and confirmation to continuously go down. I will consider Long trade around 0.3-0.35 area.
MShort
by terayu
1
MATIC Nears Crucial Support Level: Key Insights and Triggers🔍MATIC (Polygon) is approaching a critical support level. Here's an in-depth analysis to guide your trading decisions. 📆Coin of the Day: MATIC (Polygon) About the Project MATIC is a layer-2 scaling solution for Ethereum, known for its low transaction fees and extensive use in the DeFi space. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, highlighting multiple scenarios. 📉Support and Resistance: The price has reached the bottom of its consolidation range, with key support at $0.6449. A confirmed break below this level could signal further downside. The immediate resistance levels are at $0.6676 and $0.7491. 📈Bullish Scenario: If MATIC can hold above the $0.6449 support level and Bitcoin stabilizes, a potential bounce could occur. Key resistance levels to watch are $0.6676 and $0.7491. A break above these levels would indicate renewed bullish momentum. 📉Bearish Scenario: Bitcoin has recently been rejected from a significant supply zone, contributing to MATIC's decline. A break below $0.6449, confirmed by a retest, could lead to further downside, with the next support level at $0.5057. 📊Volume and RSI: Volume has been decreasing overall, except for a significant sell-off candle recently. The RSI has broken down, indicating bearish momentum. Key RSI levels to watch are 24.46 and 23.29 for potential oversold conditions. 💡Key Triggers: Monitor the price action around the $0.6449 support level. A break and retest of this level could provide a clear signal for further downside. Conversely, a hold above this level, coupled with stabilization in Bitcoin, could trigger a potential bounce. 👨‍💻Trading Positions Long Position Entry Trigger: Hold above $0.6449 with confirmation from RSI and volume. Strategy: Open a position on the hold of this level, targeting $0.6676 and $0.7491. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below $0.6449. Strategy: Open a position if the price confirms a break below this level, targeting $0.5057. Adjust stop-loss orders accordingly. 📝MATIC is testing a crucial support level, with significant implications for future price movements. Traders should monitor key levels and triggers for potential entries and exits. Volume and RSI indicate bearish momentum, while support at $0.6449 is pivotal. 🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
M
by itsparham96
4
MATIC/USDT A successful breakout the resistance will be bullish!💎 Paradisers, MATIC is indeed displaying intriguing movements that warrant close attention. 💎 Currently, in the accumulation phase, MATIC has shown resilience by bouncing when it reached the demand area around 0.696 to 0.675. This suggests a potential continuation of the upward movement, aiming to confront the resistance of the accumulation phase. 💎 If MATIC successfully breaks above the resistance at 0.77, it could signify a bullish momentum, potentially leading to significant upward movement with the target set at the supply zone around 0.91. 💎 Breaking above the supply zone is essential for reinstating a bullish trend in the mid-term and could pave the way for reaching our target strong resistance area. 💎 However, if MATIC faces rejection at the resistance area, it may retreat to retest the demand zone, or even descend further to the strong support area around 0.631. Historical data indicates that MATIC tends to bounce back upward when reaching this strong support level. 💎 The bullish scenario would be invalidated if the daily candle closes below the strong support area. In such a case, there's a possibility of further downward movement and deeper dips in price. MyCryptoParadise iFeel the success🌴
M
by MyCryptoParadise
Polygon (MATIC) Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. the Matic price has recorded more than 10% gains in the last seven days despite the broader crypto market’s sluggish conditions plus matic has been gaining daily active addresses (DAA) during this bullish price action. DAA figures spiked by over 60% in the span of just a few days. Onchain data also highlighted that over the last seven days, new addresses jumped by 12% while active addresses noted a 19.98% uptick. usdt pair looks good but btc pair looks even better and in short period of time matic can hit 0.9 , 1.1 , 1.3 and 1.5 dollar.
MLong
by moonypto
12
MATIC/USDT Ready For a Bullish Reversal the Key Support💎#MATICUSDT is navigating an ascending channel and is currently poised to retest the channel's lower support. We anticipate that the support at $0.674 will hold and set the stage for a bullish reversal that could reach the channel's upper resistance. 💎However, if #Polygon fails to maintain the $0.674 support and breaks below, this could signal an extended downward trend. The subsequent critical demand zone at $0.630 is vital to watch, known for its strong liquidity and history of catalyzing significant upward movements. 💎On the other side, if CRYPTOCAP:MATIC revisits this demand zone, securing a strong rebound is essential to sustain support. Failure to rebound could intensify bearish momentum, worsening market sentiment, and potentially leading to further price declines. 💎Stay alert and ready to adapt, Paradisers. Your ParadiseTeam is vigilantly monitoring and prepared to guide you through the volatile dynamics of the #MATIC market. MyCryptoParadise iFeel the success
MLong
by MyCryptoParadise_Simon
Will MATIC move towards $1.6Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
MLong
by cryptodailyuk
MATICUSDT.4HBased on the technical analysis of the MATIC/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the MATIC/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Matic (MATIC) has been in a consolidative phase with the current price around 0.7497 USD. The price is currently trading between the support and resistance levels, attempting to break above the immediate resistance level marked as R1, around 0.9511 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.2900 USD. The overall trend shows a gradual upward slope supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 0.5885 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. The rising trend line further reinforces this support level, suggesting strong demand around this price zone. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 50.72, indicating a neutral position. The RSI is in the middle range, suggesting that the market is not overbought or oversold, allowing for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a neutral to slightly bullish trend, with the MACD line (blue) close to the signal line (orange) and the histogram indicating minimal momentum. This suggests that while there is no strong momentum currently, the potential for bullish movement exists. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This balanced participation from both buyers and sellers contributes to the current consolidation phase. Conclusion: In conclusion, the MATIC/USDT pair is currently in a consolidative phase with a neutral to slightly bullish bias. The RSI indicates a neutral position, while the MACD suggests a potential for building bullish momentum. Traders should closely monitor the support levels at 0.5885 USD and the resistance levels at 0.9511 USD and 1.2900 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for MATIC remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
MLong
by MarsSignals
Polygon (MATIC) UpdateLooking at the MATICUSDT chart ( BINANCE:MATICUSDT ), it seems like the price might be getting ready for a breakout! Over the past few days, the price has been consolidating within a neutral channel, which could be a sign of potential built-up energy. If this happens, the price could break through the resistance line (the upper boundary of the channel) and head towards the higher levels within the upward price channel. In simpler terms: MATIC's price has been holding steady recently, but it might be ready to make a move soon. There's a chance it could break out and climb higher! Note: this is not financial advice, and it's always a good idea to do your own research before making any investment decisions.
MLong
by Arash-RK
MATICUSDT: Next move can be upwards and towards! BINANCE:MATICUSDT price failed to fill the liquidity void area where luckily we have strong buying zone too. Price is likely to bounce back from this zone strongly and it is likely to continue the strong momentum. Like all crypto pairs we still expect price to bring more strong buying volume. Good Luck and Trade Safe. Like our work? Then please like and comment our ideas which will encourage us to bring you more content. Thanks a lot. Team SetupsFX_
MLong
by Setupsfx_
26