Matic readying for major rally!50-70%

Regardless of general market outlook Matic's weekly chart showing massive bullish divergence. 5 Major reversal indicator lit up and plus it is getting out of descending massive triangle. Could be perfect time to open up non leveraged long position. Expecting 50%-70% relief rally before anything else at this point!

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Btc seems quite confident above 25k for now plus If BlackRock’s BTC spot exchange-traded fund (ETF) gets approved, $150 billion worth of capital could flow into the Bitcoin and major altcoins in relation. Things certainly can heat up from here. New Roadmap and a positive development, Polygon zkEVM mainnet beta is set to receive its first major upgrade, Dragon Fruit, or ForkID5.
When we look at the data whales seems to be accumulating this coin at a great discount at this levels just ahead of the retail investors. Lets see how thing will play out. I am quite confident with this one. As long as Btc won't crash , we should see some action sooner than later.

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Shorter term daily perspective. Matic respecting trendline since november 2022! Any breakout from the triangle could be explosive either direction :) ! I would say 80% bullish divergence here.

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Similar situation with my Previous prediction!

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SO far so good! According to coinmarketcap daily volume increased 10.8% nearing 200 million$ and The total value of staked tokens across the network is 1.92billion$(just on network not including the exchanges. This large value amounts almost near half value of total market cap). All the right signs so far. When the daily volume exceeds 500 million$ daily we may finally see good expected moves. 👀 I can feel something big about to happen within next 4 weeks. In the meantime we may see some volatility which is expected before any rally!

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Broke out of triangle currently Retesting. Perfectly normal textbook action! If we can close the daily above , we are good to go!

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matic was able to close daily just above the triangle. Still good! At the same time weak hands got out of the way. Again violity is a good thing before any rally. It widens the bollinger bands! As I said early this rally will not happen in couple of days. I am expecting within 4-5 weeks. We should be able to see 50%+ numbers. And for some reason If we get about $1, it may open up to new possibilities but we do need Btc's timely hand with that. I have been in many bear markets.During prolonged bear markets even experts get emotional about the charts and they always talk about how low we can go instead of how high we can bounce back. Btc's seem really confident about 25k and yet expertes talking about going back to $15k. Yes of course it is possible anything is possible but not probable. Please take a look at the chart below. When BTc crash down to $3500 in 2019 ,people were predicting that Btc were going to crash below $1000 and they refused all the signs and did not buy anything. Many end up buying above 20k range instead. Let this be lesson to you!

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Matic/ BTC weekly chart
Just to give you general perspective. When you are stuck in shorter time frames, you can't see the bigger picture! Self explanatory

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So far so good. Price action still progressing the way it should. We still got time till the end of october but things could progress way before . Some traders even experienced ones doubting the action and they have all the right to do so. Because If you watch matic's price action everyday for the last 8 mnts , you become pessimistic and gave up. That is usually when things starts to change. Most of us made the same mistake of seling it near the bottom and watch 👀 2x-10x action 👀.

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One last thing! If we all agree to go same direction we all win! that is for sure. Last time I wrote this message on the CFX idea we went up 10x. No need to try to sell something that is going down for 8 mths in a row. This is same as trying to buy BTC at 65k. Does it make sense to you?

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Matic gaining strong grounds against Btc and Volume is sneaking up(Currently 250M daily) .Btc seems like doing well so far and Ether leading the altcoin pack as usual. When Matics daily volume exceeds 500M , we should be seeing some action!

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Currently sitting 0.525-0.526 range. Matic may go on Turbo mode and try to break 0.54-0.55 EMA200 on 4 hour chart. If it is successful , things may accelerate from here!

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Already pushing 0.528 range with momentum. Soon Stubborn bears will be convinced or liquidated. Either way we can flow with style in harmony 👀.
Ps. Bear liquidations will help us go beyond Ema200(currently $0.5407) on 4 hour chart. No secret that their liquidation point will be somewhere close!

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Confirmed Breakout👀!!!!! Matic/BTC Daily chart!

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Currently MATIC price is hovering $0.533-0.538 area. Now we need to quickly climb to $0.55-0.58 zone and hang sideways for a bit before the big strike above $0.6. Breaking above ema200 on 4 hr chart must action. We should show strength and torch bears once for all.

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So close to bear liquidation point 0.5407-0.5450. Bears must be hating me already. Once we pass that level they should be liquidated(I can feel their pain!) .They will help us go above 0.55 safe level. Good thing they will open another short position to make up their losses and we will get them again once more :)

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Didn't take too long!! Under 45 minutes. Already above 0.557 range. Special thanks to bears :) Ema200 on 4 hr chart on Matic/usdt and Matic/BTC pairs are taken out. Skye the limit from now on! Bears will get excited again and they will help us once more. You got to love them till they go broke :)

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DAily volume is above 300M+ and rising rapidly! MATIC looks really strong($0.55 range atm) yet some more short positions opened again(Great news for us! Their liquidations should be around $0.57 range this time). Bears had really easy time for the past 8 months. We should reach $0.57-0.58 range close the daily above Ema50 and show them the consequences of going against the rift. For the Weekly and and daily chart we still have lots of room to grow!

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Amazing $0.56+ range. Another blown up short positions Before the daily close .Bears are helping us a lot :) Volume is 315M+ daily and still going up! We are nearing true rally numbers! If we are able to close daily above Ema50 that is great, otherwise we will continue later.

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MATIC hovering around $0.56 Range Matic/Btc Chart corrected plenty (Lots of room to grow there.I mean Huge) Only 4 hour chart could not correct due to BTC went up by $1000. However RSI doesnt need to be corrected in short term frames.Considering that weekly RSI sittin at only 38 , we are just starting to grow. We could go up to 95-98 RSI range on 4 hour and mini correct as we go up quite easy. VOlume is 380M+ and still growing. If you have larger sums this is one of the best coins to invest from at the movement. Easy to buy and sell larger quantities and get 3-5% interest while it sitting on the exchanges. Binance Earn Currently offering 30 day locked %3.1 and 120 locked %5.1 interest rates and various numbers in between while you are waiting for the moonshot!

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Our Next target is $0.6-.063 range and stay above Correct in smaller bits Or alternatively go up $0.65 and close the daily above then correct down to $0.6 could be another way of super bullish continuation. So there will be no doubts of Bullishness. Some people will be slow to understand so this will give them clear message. Trend, Daily Volume , Moving averages all on our side! Before then we can gather some strength. Retail buyers should join around $0.65-$0.8 range and still make a good$$.

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4hr chat also corrected.$0.54-0.55 level holding like a rock. And daily volume is still very high 370M+. We have all the right conditions to proceed $0.6+ level. Hopefully our dear bears will open more short positions for us to liquidate them. I am personally very excited!! Next few days will be very exciting indeed!

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Great daily candle for matic so far! Overall market was in red but Matic was able to gain %5 against BTC. This alone demonstrating the bullish structure. BTC looks solid but people still finding ways to make seem like it is not. Again this is perfectly normal after prolong bear market. As you remember famous phases of market cycle chart , we are in cycle called disbelief. For sure it sound like it :) What do you think? Btc been going up non stop and yet people making up tale stories. Perfectly normal to go up and down in shorter time frames but BTC's trend has been up since nov 22(Hard to believe almost been a year!) Set BTC's chart for weekly and see it yourself! Last time Matic went against BTC , it rallied so hard. Its Matic's Turn to shine !!!

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After brief correction on shorter time frames $0.58 have been captured but leveraged sellers trying keep us in a range for their own benefit. They made enough money already . It is time to teach them a good lesson otherwise they will keep us in the range for quite some time. Since we have the momentum and upper hand we should torch them and capture $0.58-0.59 range and prepare for the big breakthrough of $0.6. Once $0.6 region is captured and daily close above, it should be freeflow till $0.65 region. $400M+ Daily volume rising as we go! We have the volume and the momentum! Unstoppable combination! And biggest thing If matic rallies here, it will bring the smart money and boost the daily volume since there is no better alternative at the moment!

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Wow! I was just writing about it. $0.58 range blown out and briefly touched $0.6 level. This action pushed the short sellers to buy and high leveraged players to get liquidated once more. I did warn them about an hour ago. Matic is officially ultra bullish! We gained another %5 against BTC. These are not small numbers. Still too early to join the band ahead of retail investors. It seems like soon we going to reach ultra 500M+ daily volume and short sellers will get shaky hands every time they try. Once we all agree for the same direction , great things can happen! Everybody wins! It is up to you to decide how you want to play this game!!

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First small drop on 4 hour chart some inexperienced traders lining up short targets like $0.5,$0.3,$0.1. (😁Funny Stuff 😁) We have been above Ema20 on 4 hr chart since sep28 which is super bullish. Bears were able to liquidate some high leveraged longs.Nothing surprising there. Binance doesn't want you to become a billionaire so easy anyhow :) We have 430M+ Volume at the moment. In order to pierce through $0.6 target we need gather some strength .It is like compressing the spring. Currently $0.56 holding like a rock and preparing for another assault at $0.6

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So far so good. We currently around $0.575-0.5780 range. However !!!!! ONE EARLY WARNING SIGN!!!!!!! people starting to get to comfortable with BTC too early. This is basically mid term prediction so we may see some violity in shorter term as I was mentioning earlier. This may or may not include going back to initial support level of $0.5! We are either going to break $0.6 and progress or go back and check the major support!!! So anything on the table. DOn't expect smooth sailing at this moment!

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Still hanging there! If BTC breaks past 28200 range and daily candle closes above $28500 range, matic should move pretty quick otherwise more pain ahead. We should figure it out next few days!

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Let's talk about over reaction! BTC only down $100 and everything else is more than 5%.I understand that people are worried and such but sometimes it is better to have diamond hands. Stop listening to the fudders like Israel-Palestine conflict will not affect the cryptocurrency market. During the war people won't invest in traditional markets or banks.Instead they will invest in Gold or Cryptocurrencies like BTC and such. Because it is global currency does not belong to one region. Recovery may happen here fast or we may go down. Matic holders will decide how valuable this coin should be. And also one can't deny that Binance manipulating the markets via bots which is not pleasant. If you have 8 screens In front of you and watching all altcoins dives at the same time in sync make it quite evident. Anyhow this could work for our favor as well. It is clear that we are in a BTC domination game as usual. Our turn will come once BTC breaks past 28200-28500 and daily closes above.

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We are approaching major support $0.49- $0.50(I gave you early warning!) This number needs to be defended otherwise low life conspiracy theorists will buy you matic cheap. For what? Think about that? Some people thinks that israel palestine conflict will destroy the cryptocurrency market.They have combined less than 10 million people living in the area.World population is nearly 8.000.000.000 (8 billion )people This is just another excuse for whales to buy cheaper BTC and other assets.Even China pulling out of the market big time did not make a big difference . You do the math! This little dirty game never ends.

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Cz posted comment on October 17 " Earlier today, there was a hardware failure on our active Matching Engine, causing the server to instantly stop and crash. Our Matching Engine automatically failed over to the backup within 10 seconds. Other than that 10 second delay, there were zero issues.
Normally, this would cause a few hours of down time and a lot of tweets. Now, it's 10 seconds"
Seems Innocent at first but he ultimately meant :They robbed all the altcoins so BTC could advance further. BTC went up 2k and altcoins couldn't catch up at all what a coincidence. Hopefully he will fix this otherwise people will lose trust in him completely! When BTC goes down , matching engines never goes down!

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Aren't you glad you didn't sell MATIC to the tolls below $0.5. They excessively try harder than ever! I can't wait to see their sour comments :) Hopefully $0.6 can be taken out this time !We have all the right conditions.

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We finally break $0.6 and reached $0.63. Now we may have to retest $0.6 just to make sure it wasn't fluke! If $0.59-0.6 holds tight we should continue towards $0.65 to -$0.70 region.

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Btc breaks ast 35k~ We are officially confirmed bull market! Say goodbye to trolls. No more dreaming!

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Matic is gathering some strength. Currently at $0.642 zone. Some weak hands selling and some people accumulating at this prices. Matic/Btc formed double bottom formation on daily and 4 hr chart. We should teleport to $0.7+ zone in short term!

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We should soon attempt $0.7 range. May fail at the first attempt but eventually it should happen!

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Matic reached the $0.7 range and holding barely. Doesn't seem like something we can trust at the moment. If it can progress towards $0.72-0.75 region , it may have to pull back $0.6-0.65 region!

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Matic already completed 50%+ rally($0.76-0.77 range) from the lows $0.5 range. However this was done without correcting on daily frames. Such action sometimes comes with associated risks!!!
Currently Matic satisfied this Idea's title(Major Rally %50-%70) it could still go up $0.85 range but also it could turn into big disaster. In order to get there safely we have to correct on daily chart towards $0.6-0.65 region then continue moving up. If we continue to push the price without correcting and establishing solid midterm support could possibly push us back to main support of $0.5. I don't trust BTC here at this point and you should not as well! Consider this EARLY WARNING!!!! Current price @$0.762 range

Trade closed: target reached:

What a day! When I wrote this Idea people were thinking Matic would go down to $0.3 range. Here we are sitting on the massive 60%+ profit. I am not saying we are done here! This Idea fulfilled its purpose. I will redo another Matic idea in few days!