Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
if bitcoin keeps dropping again on the price and sentiment is bearish as it is for the moment , $Matic is simply following the other market trend and will continue to drop further , watch for these level to be broken and then retested , once level is broken it will get retested and if its rejected next level down is possible , same for upside too , be cautious on...
I haven't posted a public idea on the Matic Network (MATICUSD) in a long time. Even though we might be 1 or 2 months away from a new parabolic rally, this analysis may serve as a benchmark to spot when you may enter buys in the market with a confirmed break-out.
As you see the price action since the May 2021 High resembles the sequence from December 2019 to...
MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
This is Matic/U.S Dollar and I'm using 3 indicators to help with eliminating false buy/sell signals.
2) RSI x 2 ( 25 & 100)
New to day trading crypto but these are super helpful indicators and you have to make sure the lines cross in the RSI and the MACD to have a good signal to buy or sell. In the MACD the blue line must cross the...
An observation of the MATICUSD log chart which shows a prior long period of low volatility which led to extreme growth
Currently, price is going through a similar 'low volatility' phase, which will also ultimately lead to large gains
Similar price action documented in green
Simple chart for Polygon - Support zone for MATIC
After we lost the important support at $1.36 no price has to bounce between $1.00 - 1.15.
Otherwise we are back in Pennystock area since the volume support below is very low.
What are your thoughts on this Crypto?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—"Ethereum's internet of blockchains"— launched under the name Matic Network in 2017.
Continuing to move in the downward channel, the Matic formed an upward channel. During this, the price broke up through the 100MA on the 4H Timeframe and trading volumes increased while the price traded above the liquidity level. I expect a second decline to the support level, fixing above it and then reaching the resistance level.
Matic broke down out of the ascending broadening wedge in January of this year. It has now formed a descending triangle. A breakdown from this pattern has a target price of almost $.50.
Investing in MATIC right now is PURELY out of confidence in the fundamentals. The technicals look bearish in my opinion.
It could break upwards according to Bulkowski...