in the previous analysis when I introducded MATIC the price was about 1.6$ and at the moment it is 2$ which means that it experienced around 35% growth.
however,I analyzed it for mid-term.
check the link below to see the previous analysis.
I am bearish on MATIC. Clear double top bearish pattern on MATICUSD on both 4H and 1D timeframe. In case of a breach of the 1.45 resistance level, it might head further down onto 1.0, the lower low of the pattern, which also intersects with Fibonacci 0.236 level.
MATIC Network is one of the most useful coins in the space as a Layer 2 ETH solution that works well and offers its own plethora of tokens on the platform.
Fundamentally, I like MATIC for years to come beyond the price and am excited to see where development leads.
RSI showing exaggerated bullish divergence, but may be...
Using the 1D chart timeframe, Matic has made a recent 14% bump. Both the MacD and RSI are in really good positions for positive movement. In addition, Matic has been following a parallel channel since late September.
Using this analysis one can foresee Matic climbing to the top of the channel to around the 2.50 area.
Using the Fib Retracement scale on the last...
It's been weeks since my last Polygon trade 👇
Now price seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2.275 and even higher. MATIC , come on!♾️
ENTRY : local high @ 1.867
SL : local low @ 1.743
TARGET : height of the triangle...
". There is a possibility of temporary retracement to the suggested support line (1.539).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. MATICUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
A rising wedge can be established against the 1/1 Gann line
I have come to the conclusion that this rising wedge will act bullishly
Due to the presence of consistent higher lows, and a trendline that can be drawn against Fib circles, leaving price sitting right above the trendline, ready to go
Matic is a good pick for the portfolio
In addition to the giant triangle pattern formed on the weekly chart, MATIC has also formed a nice upward channel since mid-July. If this breakout plays out, the next MAJOR target would be $4+ in the next month or two. It can go higher, but for now, let's focus on reaching the 1.618 fib level.
This is not financial advice. These are just my ideas and opinions.
My Argument :
1D Time Frame:
1.The Chart in correction phase, try to finish the correction 4
2. Hit the Support
4H Time Frame:
Wave B has finish now, and make the correction C in the zig-zag correction
MATIC ( polygon ) analyses
time frame daily
price is in the bullish channel
we can see double hit on bottom of channel , then raise to last ATH , pulback and make new ATH
now we can see double hit again,
so my first target is ATH and then 3.2$ for next target
This is my prediction of MATIC….Chart looks extremely bullish to me. I also see increased volume following that upwards trend into a nice wedge “triangle”. Let me know what you guys think… I posted yesterday and nothing but upwards from where I posted.
Just bought Polygon as it broke up this triangle 📐 and I think there is chance for run to 1.3 and even higher. It dropped back into the triangle, but I think it will break up again. Mr. MATIC do you agree❓
ENTRY : local high @ 1.112
SL : local low @ 1.064
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL) @ 1.3
Personally I'm a Polygon fan and like all that they have done
Matic will have a great future and is one of the best Altcoins for the long-term holding. So buying its dips can have big results
TP 1 and ATH are specified for selling some of your tokens (optional)
Other points are specified in the chart.
Dear Friends If you are interested, It would be nice to show...