MATICUSD has been trading within a Channel Up (green pattern) and Higher Lows since July 20 market bottom. It was when the MACD indicator made its lowest Bullish Cross formation and we've seen the same Bullish Cross pattern on every Higher Low contact on that Channel Up with the most recent being in the last week of November. As you see this Cross is always the...
Whilst MATIC is currently in a downswing, it is still well within an ascending parallel channel (blue). The various EMAs confirm the bullish setup.
Right now, MATIC is hitting a support zone (green horizontal rectangle). It might well hold. If it doesn't, MATIC will likely fall to the bottom border of the ascending parallel channel at around $1.65. If that holds...
$matic #polygon H4 wanting to form a double bottom at the golden pocket with OBV about to break out of consolidation. Support at the 200 EMA and 100 MA also.
As long as Bitcoin doesnt dump hard again, we should see a nice 10-15% move here for Matic.
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same...
NICE ascending triangle.
TSI only starting to look up and we are already near ATH, this is very good.
RSI AT 60
200MA STRONG support back in July
Looks ready to rip soon.
PT longterm: 5.10
For risk, stop at 1.71
However, I am accumulating In the 1.60-1.50 range and I am out if price goes below 1.43.
MATICUSD (1H Timeframe)
Waiting for the downward break of 1.97 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 2.12 would cancel the bearish scenario.
Stop loss: 2.12
Take profit 1: 1.88
Take profit 2: 1.73
Strategy: Bearish reversal
As Of Late, MATIC has been gaining good traction on the Media, especially against ETH's high gas fees for NFT Minting.
The growth of MATIC has been slow but healthy.
Of which, there are great opportunities to Scalp this in the short term,
as well as accumulation of Assets for the good long term
Though i am very new trader,
I have been following the charts very...
MATIC has broken out of a cup and handle pattern and is currently retesting support. Upon successful retest, a reasonable price target would be $1.98, but it could go up to $2.80. Keep in mind that this could take days or weeks to play out.
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I will always be first to raise my hand and say, "maybe I drew that one wrong"
Because of the price action overnight in Matic, I woke up very excited to revise this chart and draw a new backwards Fibonacci retracement box. I will be the first to admit if my initial posts from earlier this week were incorrect, and actually I hope they are! Because this chart...
Seems the oprice cant go up fast because there is a lot of liquidation going on, now its going outside the main Fibo Cirle zone this is a grat opportunity to get in !
***Polygon Future Price Predictions***
CoinQuora has a 2022 price target of $7.50 and a 2025...
TLDR: Matic breaks out on December 27th after completing a full Fibonacci retracement and Wyckoff accumulation sequence. (Updated from my post on Nov 23rd. Please push "play" on that one)
I drew the Fibonacci retracement box backwards. Key levels are Fib 1.0 - $2.44 and Fib 0 - 0.62. The trendline predicts the breakout date. I think it is more or less XMAS day. I...
I am bearish on MATIC. Clear double top bearish pattern on MATICUSD on both 4H and 1D timeframe. In case of a breach of the 1.45 resistance level, it might head further down onto 1.0, the lower low of the pattern, which also intersects with Fibonacci 0.236 level.