#MATIC/USDT TA Update:-
$MATIC currently trading at $2.08
This is holding strong support level around $2
I am Buying here some $Matic
Entry: $2.08-$2.04
Targets:- $2.40/$2.60/$2.90/$3.5/$4
Stop Loss:- $1.98
After Breakout this is 2nd Retest level.
And also Bounced from this support.
Already-32% down From ATH
Don’t forget to Placed Stop Loss.
If anything...
Currently Matic is consolidating in a rising channel trend-line support
if it breaks down then it will continue to fall down while a breakout of the marked trend-line is a sign of 15% to 25% long move to the Golden level areas which is acting as a resistance if this area is broke we could see matic in 3$-3.5$.
MATIC gives a break and closes above the candle on the major resistance zone. In a 4-Hour time frame, the price performed a retest back to the zone. Well, you can not have a buy limit order on the support around $1.70. Alts market will start to move if BTC continues to consolidate.
On a 4-hour timeframe, MATIC broke the resistance of the $1.7 area and also retested it. I hope that you filled your MATIC bags near the $1.5 support area. Increase your stop loss to buying price and hold this trade. The next resistance is $1.95 - $2 area and the major resistance is $2.2 area. It is bullish as long as it holds above the $1.7 area.
$MATIC - Head & Shoulders Pattern leading to - Price drop as expected.
It had broken the Red zone.
It might further drops down to touch the Green Dotted line - IMO.
It will break the red box if and only if., it touches the green line as it has done previously (bilateral rejections can be seen).,
Either :
Scenario 1:
It breaks Green dotted to drop further down...
As I mentioned in my previous analysis ✔️
the price has started to gain and hit the channel resistance 💣
and now
become close to channel support again ✔️
so
we expect gain for the price, at least to the resistance area located middle of the ascending channel 🚀
if
the price breaks the resistance area to the upside, we can expect more gain at least to our...
On a 4-hour TF, MATIC again rejected from the $2.40 resistance area. It is now trading near the support of a $2 area. It needs to hold the $2 support area otherwise we see more downward movement towards the $1.75 support area. Be sure to use stop loss in your positions.
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Hello, head & shoulders reversal pattern is forming in the MATICUSDT chart. Since the price is going up and it's a reversal pattern there is a possibility of changing the trend to the downside.
MATIC short targets: 1.85, 1.6, 1.35. I'll move my stop loss to the entry point after the price reaches the first target.
Not financial advice.
BINANCE:MATICUSDT
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As you can see we are in a Uptrend channel and it's most important day for matic !
first of all we are in bottom of channel in technically , and have London hardfork for polygan network,
which it means polygon can now Burn MATIC with the introduction of Ethereum’s EIP-1559 upgrade and it's a good news fundamentally!
If Btc keeps doeing well in these days ,...
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UPDATE: The price dropped 12% after Short signal. Another easy trade. 2.045 is next support. Price is below Ichimoku cloud and RSI is still bearish. CBrown is bearish as well. Another drop is definitely possible.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals....
Could this be a good setup?
Technical analysis says yes.
Long term price is most likely going up despite of this correction in the short term.
1.50$ per MATIC would be the perfect re-entry point.
MATIC/USDT
Indicate Double Top pattern
Wait the confirmation after break the NECKLINE
Be safe my friend , market still not good for now
#tipsfortradingplanning
