MATIC is one of the most popular coins and is in consolidation phase, it will soon dump from 0.94 or dump after going towards 1.02. And might plummets up to 0.62 range
Since a bad news came about BITCOIN ETF and whole market crashed, so I expect big coins like MATIC to plummet more in June 2023 range or below.
leveraged trade can be opened with low leverage like 3x -5x.
Previous long analysis becomes invalid here.
I have good news for shorts holders and bad news for matic holders
Bad news because this currency is falling, its price is set in dollars, and good news for short sellers because I marked the entry and specified my target.
The first target will be $0.5413, and the second target will be $0.3410. Enjoy, smart guys.
The Matic Network (MATICUSD) recently established trading below its 1D MA200 (orange trend-line), closing a daily candle below it for the first time since October 20. This alone is far from ideal for buyers but the price remains within the wide 0.690 - 0.770 Support Zone that is holding since July 26.
However, we can't ignore the Head and Shoulders pattern since...
MaticUSDT is forming a bearish pattern and is heading towards the next key support level at 0.45 - 0.55. I am fully bearish on MATICUSDT. Currently my setup is as follows:
Entry: 0.75 - 0.77
OTE: 0.74
Short Term: 0.65, 0.62, 0.57
Mid-Term: 0.50 , 0.45
Please be aware with your money.
The Matic Network (MATICUSD) made a strong green 1D candle yesterday, rebounding exactly on the 1D MA50 (blue trend-line). Being a Resistance since early April, Matic has turned the 1D MA50 into a Support and is holding it.
There is the Lower Highs trend-line involved since the December 27 High but the pattern that has been developed since the bottom, is a strong...
Hello traders, here is a trade setup for MATICUSD.
Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels.
- Price has been trading in a Bullish consolidation formation
- Price has traded between the parallel channel and recently has been trending near the top.
** Be prepared for a breakout**
- Ideally you should wait...
I haven't posted a public idea on the Matic Network (MATICUSD) in a long time. Even though we might be 1 or 2 months away from a new parabolic rally, this analysis may serve as a benchmark to spot when you may enter buys in the market with a confirmed break-out.
As you see the price action since the May 2021 High resembles the sequence from December 2019 to...
My most recent MATICUSD analysis was on the short-term, where the Channel Up patterns accurately illustrated a target for us:
Now that this short-term 3.000 target was hit, I am shifting my focus on the longer-term correlations. With the use of the CCI on the 1D time-frame, I've spotted this fractal which if repeated, will be extremely bullish for MATIC.
As...
MATIC left a whole lot of people wondering why it was massively sold two days ago. Well the answer is simple, it was rejected on the 1W Resistance. It was a move perfectly calculated on the trade idea seen below:
The rise prior to the rejection was easily seen on an early stage:
So what happens next for MATICBTC? Tough question given the panic on the...
This is a follow up of the last MATICBTC call where both Targets got hit (0.00000268 and 0.00000350) as you can see below:
Now I have found an interesting correlation for those of you who want to take some more risk. The similarities with the May parabolic rise are strong. That sequence is divided into two parts: first and second rise, the second being 80%...
MATICBTC has been fairly stable following the early August bottom and last week posted a strong rise that almost reached the June 30 High. The 1D MA50 was a Resistance then and it has turned into a Support now. This appears fairly symmetrical to me and the fact that it is now pulling back makes me believe that the pair is after its Fibonacci levels. Next targets"...
