Possible setup for BINANCE:MATICUSDT
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Polygon 2.0 architecture revealed, introduces unified liquidity & unlimited scalability
Formerly Matic Network, Polygon has seen attention lately, considering Securities and Exchange Commission clampdowns and platform delisting. Alongside other top alts, the SEC named MATIC as security in ongoing crypto regulation wave.
The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for...
Trend stron bearish
RSI Momentum below 50 strong bearish
Nearish Volume rising
Support will break soon
Matic will fall deeper
ADA, MATIC, SOL face the music as Robinhood delists tokens
Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for.
The decision to end support for the tokens...
The doubt which I had finally played out. I was not very comfortable with the long trade from the daily support since the price had not tapped into the weekly support. But now it has and offers a good opportunity for long. The price might dip below the support briefly but that does not scare us from taking a long position here. The first target shall be the weekly...
MATIC faced price rejection at $0.95, setting it to retrace near the range low.
In the second half of May, the price reacted to the $0.86 - $0.88 zone (cyan). This level could offer a long opportunity, targeting $0.95.
I've made the decision to buy some MATIC with a target of 1.25 and a stop at 0.8. I've split the order into three parts: the first at the current prices, the second at 0.86, and the third at 0.83.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
The price is currently as daily support and bouncing from there. I expect it to go towards daily resistance marked on the chart. The only concern I have is the price did not tap into weekly support. It not necessary to do that and on many occasions it can just shy away, but I would have felt more comfortable with the current price action upward in case it has...
I have good news for shorts holders and bad news for matic holders
Bad news because this currency is falling, its price is set in dollars, and good news for short sellers because I marked the entry and specified my target.
The first target will be $0.5413, and the second target will be $0.3410. Enjoy, smart guys.
Hello everyone! It's time to take a closer look at the MATIC cryptocurrency.
Take a look at the chart, an excellent price reaction is visible when touching the trend line. Growth => correction => bounce off the trend line, and this has already been repeated three times.
I expect the asset price to recover to the 0.618 level according to Fibonacci.
This is not a...
Hi dear friends hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair.
Previously I shared a long-term trade setup for MATIC which produced more than 246% rally as below:
Now on a weekly time frame, MATIC has formed a bullish Gartley pattern for the next price reversal.
Note: Above idea is for educational purpose only....
Matic is approaching the key point again. This point is very important and if it cannot support the price, we have to imagine a further fall. It has been supported 8 times in the past, can it be supported again? What do you think?
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of...
Matic is currently dipping but should not be dismissed.
The dip provides an entry point right no the trend line up.
There is a potential for a dip below it in the past but it will be short lived.
Bars pattern shows my recovery thoughts in green.