MATIC faced price rejection at $0.95, setting it to retrace near the range low.
In the second half of May, the price reacted to the $0.86 - $0.88 zone (cyan). This level could offer a long opportunity, targeting $0.95.
Entry: $0.882
Exit: $0.950
SL: $0.863
RR: 3.7
Greetings everyone! It's great to be back with another analysis. Today, I'd like to share my thoughts on the Matic/USD market. In my opinion, the current rally of Matic is presenting us with a favorable opportunity to establish a short position. The supply or resistance level is reportedly above $1.4, and as a result, I recommend short selling Matic at a price...
MATIC/USDT :::
Price ceilings are formed on the same level and price floors are closed above each other, and these events have caused a great triangle to form.
The best thing to do in such cases is to wait until the price finds its way and exits the triangle .
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...
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...
I like MATIC. I think its a solid project and seems to have a legitimate team and agenda behind it.
Heres what are looking at ahead in terms of key price areas, support/resistance. Number 1 through 5, these are the big lines ive identified (time will tell how they play out). (Fibonacci mapping from absolute high to local low here.)
Price action is grinding up...
Another long idea here.
mindful of what bitcoin decides to do obviously.
But the candle patterns look good on this swing high here. Stops would be just below the recent swing low.
Target is the overhead resistance.
For More Daily Detailed Analysis, Don't forget to click on the Follow button. Also, if you have any Questions, Please do ask them!
A lot of Traders are trading MATIC because of its latest movement amongst cryptocurrencies.
We can look long for a continuation on the current upmove after a further dip.. this is because we are seeing comfortable support and price...
For More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,
Here we have our MATIC USD Chart for Crypto Traders..
We are looking long on the current uptrend. We have seen strong Price rejection around the current area and we are looking for the move to continue up with our Long BIAS..
This is...
For More Daily Detailed Analysis, Don't forget to go ahead and click on the follow button. Also, if you have any questions, please do ask them..
We are looking at the RE long zone on a small drop. Use your key lower timeframes to zoom in and look for entry/exit.
After the large fall.. We want a larger rise. In uptrend this is Frequent and IN LINE with the...
For More Daily Detailed Analysis, Don't forget to go ahead and click on the follow button. Also, if you have any questions, please do ask them..
Here we have our Crypto chart Matic/Usd on the WEEKLY. We are looking at an uptrend on this timeframe.
Long term this asset is looking for a higher move off from our current key MA's. We have just seen great Price...
Great bounce for Polygon (Matic) on the trend-line support level just above the 61.80% fibs. From here Polygon (Matic) is currently only 49% gain away from our $3.47 target at the 127.20% fibs and only 23% away from the ATH at $2.88.
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (49% Gain)
161.80% Fibs at $4.22 (80%...
MATIC got a new uptrend from 1.1522 support level reaching a high of 1.6328 although, the asset is currently seen to be on a sell position. But we are set to see an uptrend that breaks this new resistance level of 1.6328
* Matic in 1D time frame forms a Head and Shoulder pattern around it's major support near $1 and facing a resistance around $1.5.
* If Matic moves above $1.5 it will be in a bullish trend respecting the given levels.
