Hi everyone:
Also watching out for MATIC for the bullish reversals
We can see after the crypto crashed, the price has formed a falling wedge correction, and correctively moved down.
The smaller descending channel within the wedge, ended up reversing the price up, breaking above the falling wedge. Good sign of a bullish reversal price action in the making....
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(MATICUSD 1W Chart)
The support section is weak due to the surge.
If the price is maintained above the 0.34590370-0.68108424 range, we expect the uptrend to...
MATICUSD Long Term Idea - We are focusing on the old school method of Support and Resistance with the view for a breakout of trend to hit the higher levels. (price action)
As you can see we have previously hit support and bounced back strong, you can see early signs of the bullish momentum which we hope to continue. 1.724 will be an interesting level to see how...
Looking for MATIC to start a massive short squeeze as Bitcoin rebounds. Momentum stocks are basing nicely with some already breaking out, and crypto has largely traded in-line with momentum stocks as a risk-on trade. Most importantly, the Fed is still accommodative.
MATIC made a huge run prior to the correction and is one of the top performers YTD. Only big money...
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Quick glance: As of now, MATIC jumped higher by approximately 13.6%. MATIC gave a brilliant trendline breakout on the daily timeframe. In our last analysis on MATIC, we predicted a 30% up-move for the...
Polygon seems to have completed a giant flat structure in 3-3-5 waves as shown on the chart and is ready to go higher if it successfully breaks the downward channel in blue. The next couple days are critical. Usually flat structures appear on wave 2 so I labeled that Polygon completed a cycle wave 2. Seems like Polygon ecosystem can thrive despite Optimism and ETH...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, MATIC jumped higher by approximately 21%. After a fiercely volatile selloff in the past few days, we are witnessing a trend reversal as MATIC made a decisive upswing with huge...
MATIC has seen some explosive growth
Currently the 50MA is being tested on the USD pair if this holds further upward movement is favored
What is more interesting although is the price mirroring between the USD and BTC pair, both have small double top rejections
MATIC and Ethereum work well together.
...
Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH) from this support zone. Happy Trading
Polygon (Matic) Update: 05/08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @...
Still the same idea. If we break and control 1.13 level it’s going to be a start of something very bullish. I am in a some positions. However I’m really waiting for this key reistance to be broken and confirmed !
