$MATIC BULLISH TO $30average true range turning to upside with a signal to a break out
measured move from bullish pennant is $30
length of time for the move to play out should be 3 to 6 months
not financial advice
Polygon
MATIC has formed yet another double bottomMATIC is performing quite well despite the current market conditions. Looks like MATIC on the 1 hour view is testing the neckline of the double bottom. This is yet another double bottom MATIC has made.
I would anticipate another run up like we saw with the last double bottom.
MATIC diamond bottom?This idea is more of an update to my double bottom pattern which seems to be more like a potential diamond bottom(bullish) formation.
MATIC-USDT price action and fundamentalsHello there❄
Technical overview :
Over the last few days I have been seeing many bouncing from resistances/ supports in these channels (I have circled in white above🧐📈)
If you have been crypto trading you have surely noticed MATIC (polygon) soaring to new ATHs 7 months ago (2.44,) but more importantly 2 days ago it came within approximately 4 cents of all time high .
That says a lot about Polygon from a technical analysis of price action 👇👇👇
On December 3rd (before the flash crash) MATIC price was up 40 percent for the week. BTC on the other hand was down about 8 percent.. 😵
I am expecting Matic to follow the ascending pitchfork-channel , however I have also included a slightly descending pitchfork in the event market loses strength👎💪 come open of stocks on Monday.. 🆗📆
It is possible that we come down to test this liquidation capitulation zone once more before consolidating and forming a more structured trend reversal.😃⏬
Short fundamental dive:🌊☃
The network effect on MATIC is gaining traction through everything that is being built on top of it and its low transaction fees. On December 9th (4 days,) Polygon team will be hosting the ZK summit , ZK technology is said to be the solution to having completely encrypted transactions. This will add a lot of intrinsic value to Polygon network and MATIC. Before the announcement there was already a lot of hype around Polygon as it is known for its low transaction fees, a 2-layer scaling solution to Ethereum's current downfalls (high gas fees, slow transaction times.)
🛑Thank you so much, this is not advice! 🛑
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
👽
Another MATIC and ETH Comparison. BUY MATIC!Early days of MATICUSD are extremely similar to the early days of ETHUSD
Both are within falling wedges
This is my second comparison of these two, the first was of the BTC pair
another example of the 'weak market' hypotheses
link below
I have just loaded up on MATIC based on these analyses
Matic the horseHello everyone,
I proudly caught this baby on the last retest at 1.63.
The future looks bright, especially if the BTC bull run continues...You already know my view.
This is just the beginning, and Matic is the first of many alts to run soon.
If you are all feeling the FOMO because you are not in this baby, and your fingertips are itchy ready to pull the trigger...wait!
Do not buy in the green. Buy the red.
After this acceleration with good volume on the back, there will likely be a retest in the 2.1 area. This will be an excellent opportunity for those who want to add to their position or enter this winning horse.
I laid out the targets and retracement. These have been set by using the Elliott wave Theory and the golden ratio discovered by Fibonacci da Pisa.
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MATIC - Knockin' on Heaven's DoorPolygon (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.
The current CoinMarketCap ranking is #14, with a live market cap of $17,500,000,000 USD.
I drawn first trendlines on this coin chart while it was at 0.02$, but unfortunately I didn't load up at this price level.
Since recent big crypto market dump, MATIC is one of few which was bought up quickly and now facing last resistance before takeoff to unknown territory.
If it manage to breakout and turn last resistance into support, as usual I'm targeting Fib. extensions as take profit zones.
In this case it is approx. 4$ as TP 1 and 6$ as TP 2.
In case of rejection from resistance zone, I'm looking at green boxes as buy opportunities.
Considering high CMC ranking and M. Cap, I don't expect huge gains here. That already happen with this coin.
My average buy price is around 0.8$ and I took some profit earlier today. At 4$ and 6$ zones I'm planning to reduce my position to 20-25% of initial position and reallocate into project with smaller M.Cap.
Thanks for reading and good luck!
$MATIC AND ETHEREUM BULL FLAG OBSERVATIONI expect both polygon and ethereum to complete the flag pattern extension somewhere in the grey box. ethereum is already well inside the box, and it looks likely to move higher. polygon has been unusually strong during the pullbacks and I believe it is searching for valuation. It seems polygon has much more upside to come at this point.
Currently over 3000 protocols have migrated to the Polygon network!
view here: awesomepolygon.com
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.
Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
1. It is able to fully benefit from Ethereum’s network effects
2. It is inherently more secure
3. It is more open and powerful
this information is not a recommendation to buy or sell. please conduct your own research before investing.
Polygon (MATIC/USDT) technical analysisPrice is moving in an uptrend channel. Currently, the price is bouncing off the two minor downtrend lines. After the downtrend line breaks, there are two possible targets; the ascending channel's top line and the horizontal line.
MATIC pre-breakout pattern and "zk" dayMATIC, the native token of the Polygon blockchain, chart is one of the best currently on the market. I'm long since $1,5 when it touched support line, but will add more at breakout, then new price discovery mode for this token.
Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, offering an ecosystem with lower transaction costs and faster speeds than Ethereum.
There are some speculations over what the firm has called an “exciting announcement,” scheduled for Dec. 9 at Polygon virtual “zk day.” The event will centre around the applications of zk-STARKs and zero-knowledge (ZK) proofs, a type of cryptography that can verify whether a given statement is true without revealing the data that proves it.
Over the past several weeks, Polygon has also attracted interest from venture capitalists and institutional investors as Ethereum’s soaring gas fees have sent projects fleeing to cheaper blockchains.
Polygon reported all-time high network revenue for November and reached over 300,000 active addresses. Polygon also saw record monthly volume of nearly $60 million on non-fungible token (NFT) marketplace OpenSea last month.
POLYGONBTC Reminds me of early ETHBTCA comparison between Polygon/matic (btc) and ETH(btc)
The structures are very similar
I have noticed also that both coins are primarily used in buying NFT's and other Internet items, further justifying the comparison
I have just bought some Polygon based on this comparison and the above assumption
MATIC $2.82 Target and Trade Still in Tact ...but risky!In this video:
* A quick 3:37 run down of a hot altcoin, MATIC
* Final target $2.82 but exercise caution and find a decent support for entry!
MATIC double bottomLooks like MATIC has formed a double bottom in the hour view at the top of an uptrend. MATIC is showing great speed and is looking to retest very shortly.
Elon needs Wyckoff accumulationcrab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
1.6 BC=$0.000000368
2 BC=$0.000000603
0.78 XA=$0.000000653
2.24 BC=$0.000000823
0.88 XA=$0.000000917
2.6 BC=$0.00000134
3.6 BC=$0.00000491
1.6 XA=$0.00001
Long MaticKept seeing bull signals on the smaller charts
Drew a line where it was it's last high, it shows a tap and then a back off
Glad the long worked out for me though
matic ~love me some matic,
but not up at these levels :^)
give me $1.51~1.60 & i'll jump back into a decent position.
i'm quite bullish on matic after this final raid, will do a full analysis on it in the days ahead.
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Wave C target = $1.51
MATIC $3 TargetWith a bullish inverse head and shoulders pattern despite the recent market events, I'm expecting MATIC to get to $3 in the next quarter. Also, Nexo is offering up to 20% interest on MATIC, so I bought today.
MATIC will outperform the king market moverpolygons focuses is souly eth so its not that surprising.
eth overtook btc on the last market crash seems like we are in an alt rally.
remember pick gems only!!!!
no dog sh**t
MATICUSD Bullish break-out possible to $3.00MATICUSD has been trading within a Channel Up (green pattern) and Higher Lows since July 20 market bottom. It was when the MACD indicator made its lowest Bullish Cross formation and we've seen the same Bullish Cross pattern on every Higher Low contact on that Channel Up with the most recent being in the last week of November. As you see this Cross is always the beginning of a new rally within the Channel Up.
There has been a Diverging Channel Up (red lines) mostly based on Higher Highs that has an upside limit right now around 2.600 - 2.700. If that breaks, Polygon should target $3.0, which is the decelerated rise percentage since the September 05 High and also slightly below the 2.5 Fibonacci retracement level.
The price has been supported on the 1D MA100 (green trend-line) since November 16 and on the 1D MA200 (orange trend-line) since July 20. Based on the MACD, we may be at the start of a strong 1 month rally.
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Matic Support Found?$matic #polygon H4 wanting to form a double bottom at the golden pocket with OBV about to break out of consolidation. Support at the 200 EMA and 100 MA also.
As long as Bitcoin doesnt dump hard again, we should see a nice 10-15% move here for Matic.
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Polygon (MATIC) hold strong against the last days pressureAll five Polygon´s tasks on the daily chart still in play...
1. hold the green price trendline channel
2. hold the green support on OBV
3. break the red horizontal price resistance
4. break the red trendline channel on RSI
5. confirm breakout(s) and have fun 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
