💎 MATICBTC has formed a Bullish Flag. After the breakout it is expected that the price goes lower for a Pullback to retest the support zone before it continues the Bullish move
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🎳 Entry/Pullback now or from 0.00002730 to 0.00002448
☕️ TP1 0.00002979
🍺 TP2 0.00003390
🍻 TP3 0.00003824
🍾 TP4 0.00004225
Is a $116 billion market cap possible for MATIC? Why the hell no?
Regardless the breakout target out of this descending triangle is .00007228 MATIC/BTC. Assuming a $100k BTC, I think we should be able to see a $7 MATIC.
As you can see, we just retested and bounced off the diagonal line of resistance now turned support. I think we can be expecting some impulsive...
A Bridge between the Polygon and the Stellar chain would allow ERC 20 tokens to transact on the Stellar chain. Since USDC is an ERC 20 token and Stellar chain boasts sub 5 second transaction speeds this presents us with the perfect point of sale scaling solution for retail businesses.
After the rally at the end of October, MATIC has come back down to test previous support, and does so with a small double bottom at a previous structure. This gives a good buying opportunity, as this structure is a perfect place to put stop losses below.
I am not a professional trader or investor. I post my ideas and analysis for fun only. This is not...
Not running this one with large stakes, just play money here, up from 0.000026330-0.000027100-ish so far, restraining myself from a larger play this evening. But considering the downtrend meme-line has been broken with strength, someone with a bit more energy might see this as an opportunity. Also used RSI (which appeared to have bottomed out), also considering...
BINANCE:MATICBTC Bounced off support area, then formed higher low, which now suggests the possibility for a new big up move.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be...
Matic has been consolidating against BTC for several months Is it time to break out ?
Matic retraced to the GP region of the pervious move and consolidated for some time.
We have started to see life in the volume.
We are pushing up against the trend line while also the RSI is trying to break above the 50 level
these are good signs of strength on a 3d.
Formally known as MATIC Network, Polygon (MATICBTC) did some really amazing numbers.
We can see that in the first half of this year this pair grew over 12,200%. Wow.
After hitting a new All-Time High in May the correction has been going now for more than 5 months but it seems that there can be more.
The 0.618 Fib. retracement level has been taken out and we see...
When we look at the chart daily, there is a shark bull formation.
It is very risky to enter the trade before the bulky momentum arrives. Risk money management is very important in such transactions.
There are technical levels on the chart.
Entry level to trade :0.00002291 (at 4 Hour candle close)
MATIC/BTC fell below the key level but it is reclaiming it, we can see a bullish OBV divergence on the 4H.
What i'd like to see now, remain above this level and start to show signs of a trend change / reversal.