MATIC was rejected from $1.014 weekly resistance and has been dumping/going sideways since tapping this zone. However, 4 hour RSI now looks like MATIC is oversold and it will be important to keep eyes at the daily support area for buying some bags. The daily support for MATIC is at $0.7873 - $0.6892. If we lose $0.6892 we can expect a bearish momentum towards...
#MATIC UPDATE. #MATIC is currently trading in a rising channel and ascending triangle as well.For upside move MATIC has to close above the blue box resitance area on 4H ,however break below the rising channel would lead into dump so keep eyes on matic.
matic price crosses the 200EMA, suggesting the price will target the upper moving envelope band which stands at 1.47 at the moment. we might see a matic price overbought position at circa 1.3 to 1.47usdt. basing our price prediction on 200fib envelope band. we might also consider bollinger band with 200MA setting.
Two options for entry , follow the risk management and don't forget to put stop loss
we will wait in this market till reach the blue arrow zone to activate our buying setup
3 options for entry ,waiting for CHoCH and open short or long , follow the risk management and don't forget to put stop loss
BYBIT:MATICUSDT.P 4H time frame - MATIC broke the decending channel before, and it is retesting this channel currently. Support will easily form after resistance is broken, so we can open long here. - Entry: 8.37 Add: 8.15 TP: 0.9, 0.975, 1.035 SL: 0.77
At the moment there is not enough demand in the market to break through the resistance that we see locally. It is possible that the local highs will be broken. If you like the idea, give it a "Like". That's the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in...
Bull trend ,waiting for BOS and open short , follow the risk management and don't forget to put stop loss
🟢 MATIC USDT TF: 1D Side: Long Pattern: Falling Wedge SL: $0.690402 (keep it tight on this one) TP 1: $0.7762776 TP 2: $0.829401 Nice falling wedge bounce wick forming here. You can enter tomorrow if the wick remains for confirmation and watch it possibly play out over the weekend and maybe in to Monday.
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MATICUSDT (4h Chart) Technical analysis MATICUSDT (4h Chart) Currently trading at $0.93 Buy level: Above $0.92 Stop loss: Below $0.785 Target 1: $0.983 Target 2: $1.15 Target 3: $1.45 Target 4: $1.75 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8140). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MATICUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8140). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MATICUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
#MATIC $MATIC #HARMONIC - Bat Pattern 🦇 - Daily Frame #This is my technical opinion and not a recommendation to buy or sell
The situation is excellent for MATIC. Earlier, the impulse was formed, the structure of the waves of which is easy to identify. At the moment some ABC correction is formed, in which wave C may be completed very soon. I will open a long position on the completion of the intermediate wave C (within ABC zigzag), in order to make profit for a large wave 3 or C.
Once again, I made a more detailed recount of wave levels for MATIC. Apparently the impulse structure in the big wave 1 or A has already ended, and now the correction in the big wave 2 or B continues. I considered the coin earlier to open a short position, but I decided not to rush and wait for the first signs for the price reversal. I am not sure yet that the...