Matic is currently downtrending in the #crypto bear market along with its peers. The supply zone lives between 1.25 and 1.22 and presents a significant risk/reward entry-level. Notice the RSI has yet to reach the oversold levels - if MATIC comes to the supply zone level, there are numerous buy signals. Trade with the banks and institutions, not against them.
we are in the apex of the triangle now. Expecting a clear direction UP/DOWN within 1 week and it will be a big move
stay alert at it if you are interested in Matic
Note: Matic's strength is stronger than btc/ADA/Eth/... so the percentage move will be bigger.
Gm guys hoping this bat fills when Btc Cypher does, definitely worth watching if it gets there, watch 886 trigger (1$ Bill) to get long w price action & then aim for check marks for take profits, Tp 1 stop is even ALWAYS for us, thanks for looking and have a great weekend. Per request @justin8170 😎
possible targets for polygon
in the 2016 bull run ethereum sailed from .50 to $1500 which was a mere 3000 X
the current polygon network transactions have now exceeded ethereum and binance
how will the market price polygon moving forward?
who can say?
not financial advice
Most of the crypto are in its corrective phase, and I wanted to wait for further development on them.
Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities.
We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively.
However, it was follow by the...
1.31 level has been a level of interest for me. As we have seen big bouncing from here in the past. Howveee losing this level we don’t have to much below to hold us up. I’m watching closely here next idea if this is lost would be 1.11. To me that is the long term trend line support. As well as 1.23 as a breakdown target of what I later perceived as a head and...
Will #MATIC Polygon find support with the 200 EMA, major line of support, and supply zone? Is a reversal imminent? Green and red lines are what I believe are the two probable outcomes with the green, optimistically what I want to see.
MATIC broke out of its large descending wedge that was formed during the market-wide downswing and has formed a nice little falling wedge. If it can hold that support level and show a bullish continuation, it's a decent setup for a long. I'd be targeting just south of the 1.618 fib as an exit point.
Nice weekend and profitable deals 💲
falling wedge - breakout bullback Trade
iv H&S -breakout bullbacktrade in LTF
Entry-SL-TP-R/R can you find in the chart
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1%...
I TRULY BELIEVE POLYGON (MATIC) HAS STRONG FUNDAMENTALS, PLUS SOME TECHNICALS ARE STRONGLY BULLISH THAT IT WILL REACH EASILY 5$ IF NOT BEYOND. WE ARE JUST SPEAKING OF A 35BLN MARKET CAP WHICH IS PERFECTLY ACHIEVABLE.
TRADE RESPONSIBLY, NOT FINANCIAL ADVICE.
RSI is showing close to oversold, price is just under the .5 FIB (bullish), the stock price doesn't want to drop below it's immediate line of support (where it is now). A break of this level will bring us down to the next line of support and oversold on RSI and in even more bullish territory on the existing FIB.