MATIC, large CHANNEL breakout! But where to open LONG?Polygon (MATIC) is in a large growing channel. As the global trend is still ascending, we expect further price growth! Where should we take long positions?
Be careful when price touching the lower boundary of the channel. This is where the BIG players like to collect liquidity (fool the traders and collect their stops). There should definitely be an increase in volumes - a sign of a big player! After that, it is safest point to open LONG positions.
If Bitcoin continues to rise, MATIC will quickly reach the upper boundary of the channel!
Friends, press the "like" button 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.
Polygon
Matic ; Falling wedge patternOn 16 March, MATIC’s price squeeze ended as it broke out of the falling wedge, forecasting a 36% ascent to $1.95. Making this breakout interesting and adding a tailwind is the daily demand zone, extending from $1.15 to $1.36. Since the breakout, the crypto has rallied by 28% and at press time, was hovering above the $1.60-support level.
Going forward, MATIC’s price could undergo a minor retracement that retests the $1.64 barrier before embarking on its uptrend. The bulls are likely to retest the target at $1.95, but in some cases, the rally might extend to the $2-psychological level. Such a move would push the total gains from 36% to 48%.
POLYGON 2 waysPolygon is the right choice with a bright future as an investment asset. The movement is normal.
Game over for MATIC.Such a great run MATIC has had. Time to cool down.
Please note that this is a weekly chart. Don't expect the price to start moving right after you buy or sell.
The result of this projection will be seen between 8 to 16 weeks. Be patient.
Happy Thursday!
Rio.
MATIC long$MATIC broke through the resistance level. Bullish movement is expected to continue up to 2.07$
MATIC LongHey traders, in today's trading session we are monitoring MATIC for a buying opportunity around 1.6 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Matic break out Hi everyone ; matic success break out resistent trend line pattern but we waiting to watch confirm it and then send it to $2
Polygon (MATIC) Buy ZonePolygon (MATIC) Buy Zone
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BIAS
Long-Term : Bullish
Risk : Medium
As long as we remain this entry zone, we can expect further bullish momentum to build up over the next couple of days and eventually lead to a short-term break above $1.545 zone and higher.
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$MATIC/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.425 - 1.51
TP 1 : 1.545
TP 2 : 1.575
TP 3 : 1.6
TP 4 : 1.66
TP 5 : 1.715
TP 6 : 1.788
TP 7 : 1.84
TP 8 : 1.89
Stop Loss : 1.325
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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MATIC short$MATIC is bouncing off the local resistance level. Decline to support level at 1.4 $ is likely to happen.
MATICUSDT - Falling Wedge PatternMATICUSDT (1D Chart) Technical analysis
MATICUSDT (1D Chart) Currently trading at $1.49
Buy level: Above $1.52
Stop loss: Below $1.30
Target 1: $1.67
Target 2: $1.93
Target 3: $2.4
Target 4: $2.89
Max Leverage 2x
Always keep Stop loss
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Update: Simple chart for Polygon (MATIC) - keep an eye on $1.36Update: Simple chart for Polygon (MATIC) - keep an eye on $1.36
Huge volume support that better not be broken and confirmed to the downside.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
MATIC ABOUT TO EXPLODE?In this chart we can see that matic is coming to a point where its either going to make a leap to the sky or to the ground. In my view it can potentially go to 1.9 area (bull scenario) or 1 dollar area (bear scenario). It might be intresting to watch matic the coming days to get a good buying oppertunity.
MATIC/USDT Risking Wedgehello everyone,
as it currently looks, the Cryptocurrency Polygon has forming a Risking Wedge, and the resistance line became a support line.
have a nice day to all of you!
MATIC head and shoulders patternLooking at the head and shoulders bearish chart pattern that Polygon MATIC formed, and the market conditions, my price target is the $0.87 support.
Looking forward to read your opinion about it.
MATICUSDTHey traders, today we are monitoring MATICUSDT for a buying opportunity around 1.36 zone, once we will receive any bullish confirmation the trade will be executed.
Going to Long around 1.325It seems like Head & Shoulder which i shared 1 day ago worked out perfectly. Now looking to long in this demand area.
MATIC/USDT ??Bearish Flag??hello everyone,
as it currently looks, the Cryptocurrency Polygon is well on the way to forming a Bearish Flag.
I drew a entry line for short.
have a nice day to all of you!
MATIC/USDT - H&SNo need for an introduction here. $2.51 will be a invalidation point for me.
Also watching TOTAL3/BTC chart showing there may be a sign of weakness in all ALTS. So shorting ALTS will be the play but ensure you know where to TP, because once P.A reverses ALTS have a habit of ripping on bounces.
I must stress that anything can happen, this may run and this may not and just pump, hence always take first priority of trading is Risk management - if you don't control this the market will get eaten alive.
Trade safe and well people.
Polygon ($MATIC) New DTF FIB$MATIC DTF not looking so hot (as with the overall market). I can see oscillators losing strength and I am looking at the lower FIBS as points of accumulation. Buying in these market conditions is a no brain-er. Why pay more on market pumps? Do you like spending extra money?
Matic ATH 2022!? Hello everyone,
Matic short/medium term may look a bit confusing and annoying due mani highs and lows we have daily, however weekly the situation is different.
Long term Matic is definitly going to be of the shinning stars of this new, bearish year.
ATH could easily be archivable by Matic if a new bullish trend begins, let's see how the situation is going to evolve.
Have a nice trading week.
MATIC Polygon: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Polygon ( MATICUSD ).
Polygon price has been on a downward trend with the price recently narrowing into the apex of a triangle. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 and 0.382 Fibonacci Retracement areas with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
POLYGON (MATIC) close to channel resistance ❌🧨Based on the chart, the price is close to channel resistance and the support area ✔️
if
the price breaks the support area here to the downside we will see more correction at least to our next support located in the middle of the channel ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
