MATIC Sellers gaining momentumIn recent market activity for the Matic token, a reversal pattern known as a "head and shoulders" formation has emerged. This pattern typically signals a potential trend reversal, indicating a shift from bullish to bearish sentiment. The formation consists of three peaks, with the middle peak (head) higher than the two surrounding peaks (shoulders). In this context, sellers are gaining momentum, and there's a growing indication of a bearish market trend.
If the hanging man confirms, you can have the price going down to the next support around 0.79
MATICUST trade ideas
Matic Head & Shoulder Pattern - Short | Target $0.60This is matic USDT analysis. It's trying to form H&S pattern. Possible it will Drops below 0.77 and upon confirmation around the same region. Will give option to Take a short.
If you are willing to take a short.
Entry: 0.78
Target: 0.60
SL: 0.89
MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line.
In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase.
Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58.
The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
MATICUSDT- REAL GOLDWhat project is stronger than Metic? The best project for medium-term and long-term investment outside of these discussions, futures at the price of 0.80 gives a good position. 0.90 exit for short term target and $1.20 is good for medium term. 0.80 price is a good price for spot buying.
MATIC H&SMATIC just doesn't have the volume as the other ALTS. This baby is running a H&S before it moves into its curve. I doubt we see much volume for a while causing use to dumppp. Enjoy
How i find levels and made 100% on MATIC tradeUsing technical analysis to find levels to get into a long trade.
I use trendlines, VRVP and fib levels to find the levels in this example.
MATICUSDT.PHello Trader BINANCE:MATICUSDT.P
the potential of the chart shows that there is a right soulder to form and when the area is valid head and soulder can be sure the chart can decline because it has been bullish periodically.
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Matic rejects monthly and more yet cup and handle formsMatic rejected the monthly resistance as well as the .382 fib. This consolidation is fairly close to a key area for forming a cup and handle as well. RSI is falling but still remains on trend. Volume is on a longer time frame relative high. The dotted line is a likely bounce zone in my opinion. I think we see another test at .9 (and fib) soon. With 1.20ish by end of year if BTC behaves.
a quick review of maticusdtfirst and foremost it is necessary to talk about the current situation of the market.
we witnessed a huge fluctuating price in the last 1 week however it is obvious that the mark decided to go for the downward trend.
additionally, matic has engulfed a very important support area there will always be a reaction toward an enormous support of the market that may have resulted in a short-term upward trend.
eventually, because of the massive fall of the matic, there is probably more seller pressure between 0.9874 $ - and 0.7870 $ so I prefer to get prepared for a sell position this month.
MATIC/USDT Poised for an Upward Trajectory? 👀 🚀 MATIC 💎 Paradisers, it's time to focus on MATICUSDT as it exhibits a promising shift, breaching the supply threshold with a bullish trend in sight.
💎 MATIC has been consistently overcoming a descending trendline, propelling upwards. Currently, it's navigating past the supply level at .7007, hinting at a heightened likelihood of a bullish trajectory as the supply zone transforms into a stronghold of demand, bolstering the bullish sentiment.
💎 Should POLYGON falter in its ascent, we foresee a potential bullish resurgence from the demand zone at .5998. However, a dip below this zone could signal a bearish downturn.
MATICUSDT - BearishMATICUSDT.P is trading in symmetrical triangle pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
do we have 15% for this? Hi, this is will be the last one I will post here.. thank you all for read my analysis always
any way this is will be update for MATIC and we can update when price touch 0.7074 goodluck all...
Matic polygon, Get up nowPolygon (formerly known as Matic) is a Layer 2 scaling solution for Ethereum, designed to improve its scalability and reduce transaction fees. The Polygon network has its native cryptocurrency called MATIC.
MATIC tokens play a crucial role within the Polygon ecosystem. They serve multiple functions, including:
Transaction Fees: MATIC is used to pay for transaction fees on the Polygon network. This is significantly cheaper than using Ether (ETH) on the Ethereum mainnet, making it more accessible for users.
Staking and Governance: MATIC holders can participate in the network's Proof-of-Stake (PoS) consensus mechanism by staking their tokens. In return, they can earn rewards and participate in governance decisions that affect the network's future development.
Security: MATIC tokens are used to secure the network by staking. Stakers are incentivized to behave honestly, as they have a stake in the network's success.
DeFi and DApps: MATIC tokens are widely used within the Polygon ecosystem for various decentralized applications (DApps) and DeFi protocols. Users can use MATIC to interact with these applications, trade on decentralized exchanges, and more.
Overall, MATIC plays a pivotal role in making the Polygon network efficient, cost-effective, and attractive for developers and users looking for scalable solutions on the Ethereum blockchain. Please note that cryptocurrency markets and technologies can evolve rapidly, so it's essential to stay updated on the latest developments and use cases for MATIC tokens.
MATIC/USDT challenges in breaking through the crucial resistance💎 MATIC has undeniably captured significant attention in the market. Presently, MATIC is encountering challenges in breaking through the crucial resistance level. The presence of several bearish rejection candles at the resistance level suggests that if MATIC fails to breach this barrier in the near future, the price may undergo a decline, returning to retest the demand zone to generate new momentum.
💎 However, if MATIC successfully breaks out of the resistance level, a substantial upward movement is anticipated, probability reaching our target area.
💎 In the event of a retesting phase at the demand zone, if MATIC struggles to maintain its position and undergoes a breakdown, there is a likelihood of a bearish reversal. This could lead to a retracement to the next lower-demand area.
💎 In this scenario, a bounce is required to reclaim the area around $0.805 to resume the upward movement. Failure to reclaim the area may result in MATIC continuing the downward trend and returning to the strong support area.
Last update Matic Matic now is around 0.89 please buy and she can move to 0.86 buy more, then wait it at 0.95 its a sure target remember this post.
Last update for MaticBuy Matic now is around 0.9240 soon we will see it at 0.95 so buy please if it goes down it will be a good opportunity to buy more cause the target of 0.95 is sure
MATIC shortMATIC bounced off the upper boundary of descending channel. Asset bounced off the resistance level. Bearish movement to support level 0.87 is expected to happen.
Last update for MaticNow Matic is around 0.92 Like we said before we are waiting Matic at 0.95 so buy please
MATIC +970% BULLISH#Matic is on the Verge of a massive Triangle Breakout on the Macro TimeFrame Chart, so keep an eye on it.
