#MATIC
The price has broken the descending channel on the 1-day frame upwards and is expected to continue
We have a trend to stabilize above the 100 moving average again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.3400
Entry price...
MATIC is bearish both on its 1D as well as its 1W technical outlook (RSI = 35.379, MACD = -0.094, ADX = 47.085). Cyclically, these indicator levels are solid buys on Polygon as it is significantly undervalued below the 1W MA50. The S1 and HL trendline offer the strongest support levels possible and in the prior Cycle this is where the token started the Cycle's...
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MATIC to POL upgrade was done on the Ethereum mainnet.
(POLUSD 1D chart)
There are many coins and tokens in the MATIC ecosystem.
Therefore, I think MATIC has a high potential for development.
When...
Polygon is approaching 2022 lows. Is it good time to buy now?
Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ).
For the upcoming days, we'll be looking for short...
Matic ~ 1W ✅
#Matic Return to retest this request zone block. Maybe placing a small purchase here is good enough to earn a 20%+ profit in the short term.
#MATIC
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.3900
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which...
On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.4564
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
#MATIC/USDT #Analysis
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+ The price is currently trading within a channel and has successfully bounced back from the lower boundary.
+ A strong breakout from this channel could drive the price higher.
+ We can enter a long trade at the current price and place the stop-loss (SL) below the...
liquidity rests below the total anchored vwap, thats is also the range 8th and mega bullflag bottom
we could easily see matic under 40c before the next big leg up to ATH
#MATIC/USDT #Analysis
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+ MATIC has reached a critical support zone, a level that has held strong for more than two years. The price is currently at this same support zone, and while we have yet to see a strong rebound, expectations for a bounce back remain high.
+ This major support zone...
On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network
On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place.
The tokenomics should remain unchanged.
Some tokens will be lost due to non-compliance with the...
From 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...
Yello, Paradisers! #MATICUSDT is making an interesting move, raising the probability of a bullish reversal from a key support level.
💎#Polygon is showing a high probability of bullish continuation from a strong support zone. We've seen #MATIC consistently respect the descending resistance, recently break upward, and complete a retest phase. Currently, it’s...
#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.
#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...
Matic coin currently holds a strong support level between $0.48 and $0.49. This level presents a promising opportunity for significant gains as we enter the altcoin season. Historical data suggests that if this support holds, Matic could potentially reach a minimum target of $3.415, offering an impressive gain.
However, if the $0.48 to $0.49 support level is...
Excluding the low at the labels price .31, MATIC has reached a strong horizontal support level that has seen bounces off it repetitively.
As I think we are entering a larger bull market this could be a great entry point for the bulls.
Simple Support Analysis.
Daily Chart.
