MATIC---Looks ready for a parabolic pumpI have been chasing MATIC for a long time waiting for this moment. After months, the MATIC/BTC just reached my target 2 which is the best entry. Below that is just a wick caused by FUD. Yesterday we faced the Iran bombing Israel news which caused panic in the market. Nothing major, just situational
FALLING WEDGE, WILL THINGS CHANGE?MATIC/BTC has been suffering in this downtrend. Though it keeps going down, it's now showing a reversal pattern, which may or not be the start of a change to an uptrend.
I'm going to keep my eyes open, waiting for trend change.
MATIC BTC hitting important lowsGreen lines are buys. If you were looking to long Matic this is an important area
Pretty lowMight be a good spot to start DCA in to this
Rsi is still under 50 and bearish but that can change relatively fast
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoplos
✳️ Polygon | Potential Bottom Catch 🙌 Yesterday MATICBTC hit a 1.5 year long low and this can potentially be the bearish wave bottom... Let's dive in.
We are looking at Polygon vs Bitcoin on the daily timeframe.
After a peak in February, a major downtrend developed and yesterday a new low came in. This is the lowest price hit for MA
MATIC/BTC huge move About to happenMATIC / BTC
This massive horizontal support against BTC was greatest one for MATIC since 2021 and never broken since that
Price is testing it again and on a quickly reaction the weekly candle got absorbed indicating bulls are buying here
If bulls will save their ass here again, mega bullish mov
Good time to buy MATIC (Polygon)I think the bottom for MATIC/BTC is here.
If it breaks the previous low, you can sell with little loss.
There's a lot of room for growth.
Buy 2000~1850
Stoploss 1790
Sell 4500
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
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