Matic update 20/12/21this chart has been playing out perfectly, right now on the 4hr chart we can see ahead and shoulder pattern forming, the right should just need to start printing!v We hit resistance perfectly as planned, and found nice support.
Polygon
MATIC♾️ reloadedLast Polygon triangle breakout trade ended with profit... 👇
Now I have a new setup for you! MATIC ♾️ seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2.95 and even higher.
ENTRY : local high @ 2.161
SL : local low @ 2.056
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2.95
RRR : 7.5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
This is my nr1 bag: MATICWhat a pattern, i like it.
A rounding bottom in a super high timeframe.
Also uniswap talking abouth using it parallel to erc. Just awesome.
Reasonable for MATIC to reach $3.00 within the next yearStrong healthy uptrend from the start, no parabolic movement since May 14.
MATIC is finding support around $2.00, we may not have many more opportunities for an entry price below that level of support before the next upward movement.
The chart indicates that short-term downward movement may be likely to continue, providing investors a more ideal entry point before new ATH is possible.
The price action of 10x is unlikely because it would require MATIC to have a market cap ratio to bitcoin of 20% at BTC present-day value.
This token has plenty of room to increase in value and a low chance of fading out in the near future. It will be reasonable for MATIC to reach $3.00 within the next year.
MATIC new entry point ! Hello everyone,
I know everyone is trying to be bullish on Matic, but on the 4 hours time frame we can find the current pattern Matic is sitting on.
The Stoch RSI is showing overbought signals pushing the price to drop by 14% during next week and 30% by the end of the year.
Make sure to follow my profile for more information related to the cryptocurrency market!
Have a nice trading week!
MATIC triangle breakoutIt's been weeks since my last Polygon trade 👇
Now price seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2.275 and even higher. MATIC , come on!♾️
ENTRY : local high @ 1.867
SL : local low @ 1.743
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2.275
RRR : 3.3
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MATICUSDT PolygonMATICUSDT Polygon
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
MATIC - Redistribution in play? Granted, the chart looks bare bone but let's get straight to the point. These huge long wicks to the upside signal massive selling in those areas. Perhaps MATIC needs to come down before it starts trending up again. Compare to May 10 and May 24 and the result was -60$ from it's closing price on the bi-weekly candle on May 24 / June 7. Let's not get TOO excited about a possible Christmas rally as we may have a similar result compared to the summer drop.
just my thoughts on this one. Not financial advice.
Matic is a buyHere we see the 12H candle. We have broken trendline as well as printing the first confirmed trend candle. For traders: buy now with a S/L at 1.8
Bullish Engulfing + MATIC found the bottom (reversal)We've seen a nice 12% comeback today & yesterday. Technical indicators point to a reversal and currently matic is at a resistance level that when crossed should bring it back to levels we saw last week @ 2.15-2.25 then back to test ATH. PT $3 by Christmas + $7 by next year.
Polygon: Booming!The Polygon price has dropped significantly and is doing well within the light blue zone. However, the drop should only continue until $1.664 at max. With a low around that mark, we expect the course to move upwards again and seek prices of above $4!
Almost there!
Long MATIC. Strong trend, support level, confirmation +40%Long MATIC. Strong trend, support level, confirmation +40%
Potential Breakout in MATIC, Will Head Towards 3Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polygon (MATIC) had been in a rangebound mode after hitting resistance around the 2.20 price level is late October 2021. The cryptocurrency found some support at the 1.45 price level where it made sharp moves higher over the last couple of weeks, testing and breaking above 2.20. Expectations are for MATIC to continue this move higher, with a target of 3. Failure of this projection will see MATIC trading around 1.80.
On the Daily Chart MATIC is in an upward trajectory, with some resistance around the 2.5 price level.
Technical Indicators
There has been recent crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. MATIC is currently trading above all 3, which is a bullish sign. The RSI is above 50 with the KST recently making a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 1.8 and a target of 3.0. This produces a risk/reward ratio of 1.23.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to MATIC.
MATICWe shared some profitable MATIC setups over the last 3 weeks.
Now, MATIC is near a key diagonal support level (log scale) which has always acted as support since April 2022!
If this support fails, we might see MATIC coming to the next support zone between $1.5 and $1.6
Polygon - a short term analysis (important)There are 2 scenarios
If Bitcoin continues to fall, Matic is likely to miss this short uptrend and could drop as low as $1.7
But Polygon has enough power to keep climbing and even touching ATH at $2.7 (even with a slow BTC drop)
However if the yellow trend line breaks, You can sell a small amount of your Matic for around $2.02 and wait for lower prices to re-enter
Remember that MATIC Supply on exchange is less than 0.2% and is still decreasing ..
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Good time
#matic cup and handle playing out?matic might be preparing for a cup and handle play, lets see what plays out!
Buy on weakness??this crypto is pretty good i think, because it is a long uptrend, so buy on weakness maybe?
$GALA/USDT 3h (Binance Futures) Descending trendline breakoutGala Games has been bouncing on 200MA showing bulls are in charge, then regained 50MA, continuation is likely.
Current Price= 0.49987
Buy Entry= 0.50150 - 0.45750
Take Profit= 0.61768 | 0.77065 | 0.93697
Stop Loss= 0.38624
Risk/Reward= 1:1.5 | 1:3.14 | 1:4.94
Expected Profit= +28.95% | +60.89% | +95.61%
Possible Loss= -19.37%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Website: app.gala.games
Contracts:
#ERC20 0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA
#BEP20 0x7ddee176f665cd201f93eede625770e2fd911990
Matic still need a pullbackMatic is oversold on the 12H and needs a pullback. I am adding at 1.9 zone
MATICA possible scenario for MATIC to reach a new ATH. A pullback lower to the support level before starting a new leg up to reach the top of the channel and a new ATH.
Long for Polygon: MATICUSDTThe two red lines indicate the respective Lowe Low and Higher High of the previous D1 candle. Price has rejected the levels and is expected to retest a few of significance resistance levels marked as Tp in the chart. We expected it to retest the Higher High level with the target profit more than 10%++
God Speed.
TAYOR.
