The Polygon price has dropped significantly and is doing well within the light blue zone. However, the drop should only continue until $1.664 at max. With a low around that mark, we expect the course to move upwards again and seek prices of above $4! Almost there!
Long MATIC. Strong trend, support level, confirmation +40%
Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polygon (MATIC) had been in a rangebound mode after hitting resistance around the 2.20 price level is late October 2021. The cryptocurrency found some support at the 1.45 price level where it made sharp moves higher over the last couple of weeks, testing and breaking above...
We shared some profitable MATIC setups over the last 3 weeks. Now, MATIC is near a key diagonal support level (log scale) which has always acted as support since April 2022! If this support fails, we might see MATIC coming to the next support zone between $1.5 and $1.6
There are 2 scenarios If Bitcoin continues to fall, Matic is likely to miss this short uptrend and could drop as low as $1.7 But Polygon has enough power to keep climbing and even touching ATH at $2.7 (even with a slow BTC drop) However if the yellow trend line breaks, You can sell a small amount of your Matic for around $2.02 and wait for lower prices to...
matic might be preparing for a cup and handle play, lets see what plays out!
more moves coming from matic, pulled back played as predicted
this crypto is pretty good i think, because it is a long uptrend, so buy on weakness maybe?
Gala Games has been bouncing on 200MA showing bulls are in charge, then regained 50MA, continuation is likely. Current Price= 0.49987 Buy Entry= 0.50150 - 0.45750 Take Profit= 0.61768 | 0.77065 | 0.93697 Stop Loss= 0.38624 Risk/Reward= 1:1.5 | 1:3.14 | 1:4.94 Expected Profit= +28.95% | +60.89% | +95.61% Possible Loss= -19.37% Fib. Retracement= 0.618 | 0.883 |...
We have POC and fib .68 coming up at 1.9. Good place to load up
Matic is oversold on the 12H and needs a pullback. I am adding at 1.9 zone
A possible scenario for MATIC to reach a new ATH. A pullback lower to the support level before starting a new leg up to reach the top of the channel and a new ATH.
The two red lines indicate the respective Lowe Low and Higher High of the previous D1 candle. Price has rejected the levels and is expected to retest a few of significance resistance levels marked as Tp in the chart. We expected it to retest the Higher High level with the target profit more than 10%++ God Speed. TAYOR.
Hi, As Polygon is very interesting in our opinion and its technical is far better than all the altcoins, we've provided this TA. Positive sign = if price breaks the yellow line down with a slightly sharp movement. The Green area is fine for a short-term buy position in 1h chart it's possible if the price reacts to the red line in a sharp way. Like and Comment...
average true range turning to upside with a signal to a break out measured move from bullish pennant is $30 length of time for the move to play out should be 3 to 6 months not financial advice
MATIC is performing quite well despite the current market conditions. Looks like MATIC on the 1 hour view is testing the neckline of the double bottom. This is yet another double bottom MATIC has made. I would anticipate another run up like we saw with the last double bottom.
This idea is more of an update to my double bottom pattern which seems to be more like a potential diamond bottom(bullish) formation.
Time for Matic to correction now. Here we go ! So, you must wait to buy.