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MATICBTC

Hitting a bottom on MATIC?...I don't really trade Crypto's however this one stood out to me as a potential opportunity on the weekly time scale. MATIC has been trending down since late 2021 but it has always shown a bounce around the $0.30 zone, ultimately creating a very large descending triangle coupled with a MACD that has been diverging up. Could we see a rally ahead towards $1.00+? well that remains to be seen but I liked the setup and took the opportunity. Should be interesting in how this develops and thus, I'll be keeping an eye on this one. I'm also checking out DOGE and XRP. As always, Good Luck & Trade Safe.
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by InternalTraderNYC
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance. Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box. Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free. Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern. First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table. Final target is 4.236 of the extended fib. This target is near the all-time high. I personally scale out of my position at the 2.618 and 3.618.
MLong
by HardFork_Cafe
MATIC looks bullishFrom where we placed the red arrow on the chart, it seems that MATIC has entered the correction phase. The correction pattern appears to be a diametric. The F wave can start from the green range. Be sure to save some profit on the first target. We are looking for buy/long positions on the green range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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by behdark
3
Polygon | MATIC The price of Polygon is $1.09 today with a 24hour trading volume of 444 million dollar. After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon turned down and reached the support line but it still hold the uptrend The flattening 50day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short term advantage in favor of the bears. The MATIC/USDT pair may then back to the 200day SMA 1 $ where the buyers are likely to mount a strong defense and hold the line. The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1. 30 Polygon is gaining traction in the gaming industry with a surge in daily unique active wallets last month, according to DappRadar, the layer2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month.this growth has pushed Polygon to become the second largest gaming blockchain, trailing only Wax Blockchain, which has over 314,976 daily unique active wallets. Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On Chain, which launched on Polygon’s testnet last month, has already risen to become one of the top five blockchain games in terms of on-chain DApp activity. next targets for short term are 1.15, 1.19 and 1.27$ what do you think about the price of Matic at the end of 2023? can we back to 2$?
MLong
by moonypto
3
#MATIC/USDT#MATIC The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in the color EUR at 0.5340 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.5500 The first target is 0.5980 The second target is 0.6307 The third goal is 0.6720
MLong
by CryptoAnalystSignal
#MATIC/USDT#MATIC The price is moving in a head and shoulders pattern on the 4-hour frame and sticking to it well We are now at the end of the formation of the right shoulder, and a rebound to the upside is expected We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.7300 The first goal is 0.800 The second goal is 0.860 The third goal is 0.9270
MLong
by CryptoAnalystSignal
1