MATICBTC analysis on daily timeframe:
MaticBTC is situated into a rising wedge which means a breakdown from this channel will happen. Now is sitting exactly on the support line
RSI is going down which is a sign that bulls are exhausted and also you can see a big bearish divergence (Price vs RSI indicator)
MACD +611 which is very much and it s still laggish.
The...
Hey Traders!
As you can see on the Weekly Candles of MATIC.D (Matic Dominance), there is a classic Cup and Handle Pattern. Current Dominance is at 0.68%, a potential breakout target is 2.24%! If we see a Market Bounce we can possibly see Matic 3 or 4 fold from here in terms of price. The dates you need to watch for a Breakout is late February to early March. If...
Hey guys.
Since Polygon has reacted accurately to resistance line of channel and performed 5 Eliot waves and 3 consecutive correction waves, MATIC/USDT looks like to be ready for next jump to hyperspace!
Targets? IMO 4.014 and 5.7 could be reasonable.
What do you think about POLYGON/USDT? Let me know in comments and don't forget to like and subscribe.
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📌 MATIC /USDT DAILY CHART
📌 PRICE ACTION - E-WAVE ANALYSIS - Fundamental Analysis
📍 MATIC is one of the hottest latest coin that has been always blasting since it has been launched
✍🏼 Straight to the point, I have already heard / read a NEWS (rumor) about the Polygon Netwrok or MATICUSDT being...
Maticusdt
sell zone
daily price is reach daily level and creat a daily and 4h pivot and we can open short in this chart
open:blue line:2.06$
tp:2.43$
tp:2.23$
tp:2.07$
tp:1.9$
sl:2.74$
MATIC has failed to hold above $2 and is now considered a bearish narrative. The price will likely bleed lower for the next few months as investors are traumatized, and will sell any pops fast. The 200D Moving Average is currently at $1.61, so any short-term bounce must hold above this level for bulls to regain control!!
(My time-frame looks out to July 2022: I'm LONG)
Everything on the chart-------
if u look from my early predictions I weight on other things than the patterns
(i'm not telling ya about it :DDD) -- Patterns is just only something to express it out :P
.
Feel free to feedback / comment and share ur idea
Trade safe & cautious
MATIC is in a local trading range between the levels of $2.7 and $2.4. The price is in this range for two weeks already. It is dangerous to open trades yet, because it is not known who is stronger in this case - sellers or buyers. It is worth waiting for a clear confirmation.
It is also worth noting that the price starts decreasing near the lower boundary of the...
MATIC is globally in an uptrend, but now a bearish pattern has started to form - lower maximums. This is not a very positive signal. Also worth highlighting is the formation of a bearish pattern like head and shoulders. This also indicates the weakness of the buyers.
At the moment, the sellers are restrained only by the trend line, which acts as support. In case...
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...
Hi guys
There is valid support for one-day timeframes. I think you can think about buying until this support is broken. But if this support is broken, it is suitable for getting shorts
Meanwhile, this analysis is only for a fluctuation and it is a bit unlikely at the moment until the price resistance increases
Do not pay attention to shadows
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