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...
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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
Please like and follow...
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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...
Polygon MATIC is bouncing from the lower support of the up-trending channel, target might be above 3 USD.
MACD imminent bullish cross seems to support this analysis.
MATIC reacted strongly to the decline in BTC and the price approached USD 0.3. The current support is $ 1.58, but there is a new price resistance ahead of us. The first costs $ 1.96, the second $ 2.14. BTC has a huge impact on the price, if it does not stabilize its price, we can expect further drops.
Matic has been in a steady uptrend and we've seen a correction leading to the 61.8 fib and ascending trendline twice before. We are now seeing the same setup for a third time!
Trade idea:
- Watch for bounce off the trendline and 61.8 fibonacci
- enter with stops below the trendline
- Target the -0.27 fibonacci
See below for our last 2 Matic analysis:
The Red is a much more plausible outcome right now given BTCs movements.
The black trend may not be the place where matic falls to as there are only 2 data points, but it is just a start.
The entire market is showing significant bear signs so prepare yourselves for a potential bear 2022.
Ive been experimenting with the strategy of going long and short at the same time, in a way.
I know theres a name for this strategy but im forgetting it at the moment.
Anyway this strategy has been very successful for me so I am trying to document it more because I've been opening a lot of trades at the same time and its becoming hard to keep track of them all....
After fluctuating, BTC MATIC is dropping a bit more, but you can see that it kept its support level at 0.876 Fib Retracement, remaining in the triangle. It will be fine if MATIC consolidates the price around $ 2.10 and then tries to break out of the top triangle, that's what we need.
This MATICUSDT price analysis is based on a 4H Time Frame. According to my opinion it's right now on a downtrend and could hit the 1. Support Level in next hours or days. If it goes up, could potentially go up and hit again the ATH or a new ATH but if it breaks the 1. Support Level and goes down then it could hit the 2. Support Level and we would see the price...
Daily MTF Stock RSI looks very interesting. If the low of .0988 holds white the LTF stock RSI's reset this could fly to .30 cents, the 1.272 of the manually drawn fib.
