MATIC was rejected from $1.014 weekly resistance and has been dumping/going sideways since tapping this zone. However, 4 hour RSI now looks like MATIC is oversold and it will be important to keep eyes at the daily support area for buying some bags. The daily support for MATIC is at $0.7873 - $0.6892. If we lose $0.6892 we can expect a bearish momentum towards...
#MATIC UPDATE. #MATIC is currently trading in a rising channel and ascending triangle as well.For upside move MATIC has to close above the blue box resitance area on 4H ,however break below the rising channel would lead into dump so keep eyes on matic.
BYBIT:MATICUSDT.P 4H time frame - MATIC broke the decending channel before, and it is retesting this channel currently. Support will easily form after resistance is broken, so we can open long here. - Entry: 8.37 Add: 8.15 TP: 0.9, 0.975, 1.035 SL: 0.77
At the moment there is not enough demand in the market to break through the resistance that we see locally. It is possible that the local highs will be broken. If you like the idea, give it a "Like". That's the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in...
A bullflag breakdown into a double bottom is evident in early price evolution This seems to be happening again with a bullflag being present, all that's needed now is a small breakdown and from there it is lift off as per the bullish double bottom pattern Daily Chart Posting some of my previous MATIC analyses
It is expected that it will eventually rise after crossing between important orange order blocks.
My primary expectation for Matic is one more low in a wave five of the wave c. However it has done a lower low so we could technically go up up from here and nearly hit the 50% fib which is an ideal retracement for a lager wave 2. If we are in the wave 4 still before wave down in the wave C. We could comedown between 0.6867 all the way down to 0.4587 in a wave 2....
Starting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag. I zoom in...
MATICUSDT (4h Chart) Technical analysis MATICUSDT (4h Chart) Currently trading at $0.93 Buy level: Above $0.92 Stop loss: Below $0.785 Target 1: $0.983 Target 2: $1.15 Target 3: $1.45 Target 4: $1.75 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
The situation is excellent for MATIC. Earlier, the impulse was formed, the structure of the waves of which is easy to identify. At the moment some ABC correction is formed, in which wave C may be completed very soon. I will open a long position on the completion of the intermediate wave C (within ABC zigzag), in order to make profit for a large wave 3 or C.
Once again, I made a more detailed recount of wave levels for MATIC. Apparently the impulse structure in the big wave 1 or A has already ended, and now the correction in the big wave 2 or B continues. I considered the coin earlier to open a short position, but I decided not to rush and wait for the first signs for the price reversal. I am not sure yet that the...
BINANCE:MATICUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️Fib still relevant on D1 with perfect double top and fake out. Downtrend line broke and now Matic should test local but main psychological price zone 1$ (red...
MATIC has drawn a "Triangle" pattern, the price is moving in it, I think we will break it up soon! Subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
I'm sharing with you another great trading plan for medium-term position holding and local trade planning for MATIC coin. In the medium term, the correction in the form of ABC pattern (in wave B) is probably completed. At the moment the impulse structure of wave 1 is already forming within the big C wave. Locally, the price took a timeout for the correction in...
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see from the above-mentioned chart that MATIC/USDT was trading inside the falling wedge channel and broke above. Currently, it's moving downside to retest...
Matic seems to be done with the W1. If the c wave bottom is in as my chart suggests then we are coming back into W2 now or after $1.17 tests. The W2 can finish around .55c-.62c to retest B wave of the 1 shown off the lows of the triangle. Either way this move looks exhausted. If the C wave is not finished and this move up was the 4th of the 5 down for the C...
$Matic Buy signal conform on 1D and 2D time frame ..........
Matic had a low of 73 cents one night ago, to the low level of 73 cents. It was at this time that I started researching other traders and going into their defy wallets to see what trades they made. I saw someone pick up $638,000 worth of Matic at .77 cents.. I saw another wallet where someone invested $183,000 into MATIC around .78.cents. I never made an entry...