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MATICUSDT

Matic holder be warned. Matic looks dreadful. Market structure shows clear distribution has already started. Entry Strategy: I’d be looking to short any push into the 1.28 resistance, HOWEVER, we might just not get that chance. Calculate your own risk/reward and take the trade if you like it. Exit Strategy: If this coin does start dumping seriously you’ll want to take profits earlier rather than later. There’s been quite a lot of fud regarding matic recently and you wouldn’t want to risk not being able to exit your position. This coin has the potential to be trading at 35 cents in the near future so be extremely careful bagholders! Will update when this starts dumping!
MShort
by Crypto_Sweat
Navigating MATIC's Volatility: Important Support and Resistance Hello and welcome to my technical analysis of the MATIC/USDT trading pair. Currently, MATIC is trading at $1.27. Based on the chart analysis, it appears that the ascending trendline has broken down, indicating a bearish trend in the short term. Moreover, the high time frame (HTF) ascending trendline support has turned into resistance, and $1.30 is the current resistance level. Thus, it would be wise to wait for confirmation before opening any trade. If the price falls below the recent low of $1.193, then we can expect the price to drop further to around $1 However, if the price breaks upward at $1.35, then we can expect a bullish trend. It is essential to keep an eye on the support and resistance levels, with the support levels at $1.07 and $0.90 and the resistance levels at $1.35 and $1.52 Additionally, the RSI is not in the overbought area. A good entry point would be when the RSI hits below 30. In conclusion, it is important to make trading decisions based on confirmation and not blindly. If you found this analysis useful, please like, share, and follow me for more quality updates. Thank you. Regards:- CryptoPatel
MShort
by CryptoPatel
7
MATIC - Long term Wyckoff viiewTwo subsequent accumulation phases. First on chaotic with a poor volume profile, too short a Phase B and eventually an failed mark up phase, abandoned by the COs. Probably also caused by the various Black Swan events around the same time. Second (re) accumulation phase is more 'by the book' and if all goes well, we are already entering the markup phase after this most recent BUAC. We now need to see an impulsive move up on slowly expanding volume. As an aside: if on the 12hr chart the stochastic crosses below 20 (Please set D to 3 in the settings), there is a good chance of a bounce because either the bottom is in or close. This works only in an uptrend, not during a downtrend.
MLong
by henkybaby
What will happen to MATIC after leaving the $1 penny Crypto areaWhat will happen to MATIC after leaving the $1 penny Crypto area❓ The Renko Chart shows that Polygon is at an important support line🟩 Chances for a bullish breakout confirmation are good IMO🚀 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
MLong
by Crypto4Everybody
6
#Polygon Finds Support at $1.30, Is The Bull Run Over?Past Performance of Polygon Despite the contraction of the past few days, Polygon is trading above November highs, and looks firm. The coin is up roughly 80 percent from December lows, and trading above the middle BB, signaling strength. Per the current setup, support lies at $1.30. #Polygon Technical Analysis The overvaluation of February 18 is being corrected in a move that has seen bears wipe out gains of February 17. Despite the cool-off, the primary trend remains bullish. This will hold especially if MATIC prices are still above $1.30 by the close of this week. After an impressive surge from December 2022 lows, the retracement was expected. The trend will continue if there are fresh gains above $1.60, with expanding volumes. Meanwhile, losses below $1.30 may spark a sell-off, forcing MATIC towards $1.15 and later $0.95, which are critical support lines of the December to February trade range. What to Expect from #MATIC? Traders should watch out for the middle BB, the flexible support line. A breakout below this level may set the base for a leg down in an inevitable correction. Specifically, how MATIC reacts at November 2022 high at $1.30 is important in the near term. Resistance level to watch out for: $1.60 Support level to watch out for: $1.30 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
ETH/MATIC/ERA/MUMBAI ETHDENVERThis year at ETHDenver, the world’s largest Ethereum hackathon to ever be held, will begin its “buidl” week tomorrow! During this time developers who chose to come early and get a shot at using brand new technologies which will be unveiled and highlighted during the subsequent “core” week. During the “core” week is when the most investors and head-honchos will be there to behold these new inventions and fund the creative teams behind them which will overall improve their own existing brand. There will be many new technologies unveiled and a few key networks will be underlying and helping run the event including zkSync technology from both Ethereum & Polygon. Testnets are already poised for use and may help point some of you more savvy crypto traders discover what tokens to watch after this launch. Mumbai test net and the zkSync ERA technology will also be used for in-event purchases which will NOT be cheap. Meaning; the activity of both networks will be consistently active and assuredly being watched by those trying to sway the event and boost the new technologies unveiled so I do not foresee them letting an opportunity to “pump during the con” due to legitimately brilliant and useful new features that are sure to be the kicker when it comes to major companies like VISA choosing what protocol to run their blockchain on. What we have needed to produce a full fledged, autonomous market is literally coming out in the next 12 days. Transaction speed/throughput will see dramatic raise along with ease of use which has been a major problem since day one. Disclaimer; I know nothing, I am nobody, this is all my opinion and should never ever be considered real or some sort of instructional manual. Do with this info as you will. As for me? I shall be waiting for the pump (along with major buy/sell action to fill in gaps automatically as we jump) and heading to Denver for the convention on the 3rd! See you there, Bufficorns! #bufficorn #ethdenver #eth #ethereum #matic #polygon #zk #zksync #era #denver #tech #investors www.westword.com ETH/USDT ; MATIC/USDT ;
Long
by aspengrey
MATICUSDT, key zones to watch and next move. UpdateHello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. The price is currently moving as we expected and finally broke its major resistance and retesting that to change it to a support base band then continue to reach the second target. The targets will be 1.6 and 1.7 . Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
MLong
by ArashBanakar
1
🔥MATIC IS GOING TO MAKE +120%, BUT ONLY AFTER THIS!🔥 Hi friends! MATIC looks much stronger than other altcoins because it's a strong fundamental project. 📊 THE TRADING PLAN FOR MATIC: 1. pullback to $1.3 key level (is a must-have) and test it or the false breakout (much better) 2. volume growth. As you can see, it always grows at the bottom 3. bullish BTC 🚩 It's essential to see the huge buy orders of the whales on DOM and Footprint. I use these scalping tools to track the big guys on crypto market and make a profit with them. ✅ THE LONG TARGETS FOR MATIC: 🔥 $2.1 - the ley level 🔥 $2.45 - the key level, local highs 🔥 $2.92 - the key level, ATH If the price makes another 100%, it become #6 or #7 in the capitalization list (now #9), overtake XRP and reach $25B cap. Possibly, it can renew it's ATH if BTC reach $32-35k. Traders, this is a scenario where I will open my longs, but it can go straight to the first target, because it's so strong. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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by Yuriy_Bishko
6
🔥MATIC IS A MOST STRONGEST ALTCOIN: +20% IS ONLY FIRST TARGET🔥 Hi friends! Matic fell well and very bullish altcoin unlike Cardano and many other weak altcoins. In this idea, I will explain my point of view and the most possible scenario for Polygon. Now we see how the price makes a pullback after the test of the value area of $0.89-0.94 as the resistance. Matic fell to the key level of $0.76 and this is a key area where we should open a long. 📊 PRECONDITIONS TO OPEN A LONG ON MATIC: 1. false breakout of the key level of $0.76 2. volume growth 3. bullish BTC ✅ THE LONG TARGETS FOR MATIC: 🔥 $0.89-0.94 - closest value area and strong resistance 🔥 $1 - key level and even number 🔥 $1.3 - local highs and key level 🚩 Take a look at the chart and previous value areas tests. It became the strong resistance so often, so if MATIC makes a false breakout after reaching it, I recommend you to close the whole trade and pull the sl to breakeven. Also, you can try to open a short but only if you will see that BTC will become bearish soon. Traders, what is your opinion on MATIC? Do you hold this coin as a long-term investment? Let me know in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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by Yuriy_Bishko
3