#MATIC/BTC TA Update:-
#MATIC currently trading at 98 Satoshi.
I am waiting for 90-92 zone.
This is also good but stop loss is big.
Entry:- 85-93 Satoshi
Targets:- 145/175/229 Satoshi
Stop Loss :- 80 Satoshi
Support:- 80 Satoshi
Resistance:- 145/175/229 Satoshi
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✅What is Matic Network (MATIC)?
Scalable, Instant, And Secured Transactions for Blockchains.
Matic Network is a layer-2 scaling platform that enables fast, easy, and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts.
Some of its key features include:
1️⃣Scalability: fast, low-cost and secure...
💎Technical Analysis Summary💎
-MATIC is following this descending channel
-As long as the price is respecting inside
-It will keep going down slowly
-The best option to enter this market
-Is to wait for the upside breakout direction
-This will confirm that the downtrend is likely over
-And the uptrend will continue in the coming days
In descending channel structure since 2 months
Now price is facing upper trendline resistance of channel and (fibo 0.618 resistance )
If breakout happened we can buy breakout or the retest with good stoploss
Good luck & Happy trading
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Appears to be at a major support line on the bottom of an ascending channel. But if it breaks it could get rekt. I haven't been following the FA on it so I'd have a tight stop under the bottom yellow line if I were to trade this.
💎Technical Analysis Summary💎
-MATIC is approaching fast its weekly swing support around 90-80s sat
-This level has been tested last April and July 2019
-If the over-all market becomes stable especially for the Altcoins
-There is a chance MATIC can easily bounce from this region
-There are conditions that need to meet before buying this...
Today technical analysis with the our new Automatic Hammer Strategy revealed the potential reverse from the uptrend to downtrend.
The Accumulation/Distribution Indicator detected the increased bullish activity, which can be the trigger for price movement reverse. Another one confirmation is that the price intersected the RSI support line down up.
As a result,...
Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable.
Points to consider,
- Price Action Apex
- Local S/R Resistance (.382 Fibonacci Confluence)
- Daily S/R Support
- Oscillators Neutral
- Low Volume
MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The...
As we can see :
- heavy resistance at 0.01950$
- bullish movement
- resistance from EMA 20-55
- being bearish in Stochastic RSI
- holding upward movement in RSI
- double bottom
If MATIC break 0.01950$ resistance and take hold above it then there is a opportunity to open long position on it !
If MATIC reject from...
I am neutral about MATIC while EngineeringRobo remains bearish.
If you are holding MATIC right now, you should be watching closely to see if the candles break back up or break below the support level 0.017. IF they break below the support level, you should sell after the open / close confirmation.
If you are interested in buying, if the candles break up and open...
MATIC is in a bull flag which is a bullish pattern that has bias to break upwards.
Buy in the flag.
Take profit slightly below $0.025
Leave when the flag bottom line gets broken.
RSI has printed a falling wedge.
MACD selling wave is getting weaker.
Found support at 20 EMA.
Resistance area, now support.
Ideal buy is $0.02
Good luck with this trade!