well , I gotta say "idk" as an answer to the question in the title .
guys , as you see in the last pattern , MATIC started to rise when the golden cross was made. and guess what? right now , the golden cross has been made too. time to rise ?
the next thing , look at the RSI patterns , it is exactly like the channel we had before. also I marked...
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MATIC broke out of the pattern recently.
It's retesting right now.
Also Broke above 21D MA which is bullish.
So this could be a reasonable trade.
1day chart in cup and handle
And 1hour chart long trade matic/usdt bullice
Long - 1.66,1.68
This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade...
MATIC SELL OFF POSITIONS
Polygon (MATIC) technical analysis:
Trade setup: Broke below 1.50 resistance and stabilizing around 1.25 support area (also 50-day MA). Need it to break back above 1.50 resistance. Forecast: 2.00. (set a price alert).
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below...
so as you see in the RSI , we have a channel , so depends what will happen there . if it break out from the top of the channel , rise is expected ... the first target will be the ATH , and then 161.80% of fib .
we also have a golden cross , that can be a positive signal too.
MATIC CwP Pattern | Bullish Breakout | 148% Move Expected
NOTE: Do your own analysis. Do proper risk and money management. spot trading only.
Matic was in diagonal resistance on May 19, 2021, and had a breakout on July 21, 2021. After a bullish breakout, MATIC created a very strong reversal pattern(Cup & Handle). I am expecting a 148% move ahead. Be careful if...
This analyze for scalp strategy. Use low timeframe.
In 5m, we will se a bullish divergence.
The price already hit the liquidity level, then pullback. It would be a nice accumulation scheme.
Set your TP in realistic TP area
hi frend maticusdt
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In case of failure, we expect support from 1.28 to 1.111, and even this price is .700 $ ...
Good buy zone of matic is 1.58 because trandline is break that's why this zone is very good for buy and sell at towards resistance of 1.74...1.74 is our fist target after this zone we are going to moon... Because this is very critical resistance....if breaks 1.74 then big long is coming... NOTE DYOR...
Hello everyone, as we all know the market action discounts everything :)
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Matic (Polygon) Has been building momentum while other coins were gaining a lot, but yesterday when the other coins started a negative move, Matic started his strong Bullish...
MATIC has been making inverse Head and Shoulder pattern on daily timeframe and on the Right Shoulder, we observed falling wedge which flipped the local 0.5 Fib resistance as shown in the image below along with the local support and resistance levels:
If we manage to flip the daily resistance, We can observe huge movement in MATIC.