If ppl really understood great chains from bad ones (like ADA)... this would be pumping...instead... ppl like sweet names and forget the underlying technology; the underlying tech always wins. Just need to be patient....
Expecting short term relieve.
First target is 1,2 extension of current range. This is at the red trendline.
If this trendline is breached, a retest of the trendline is likely followed by a next downward move.
This makes part of a bigger corrective move in terms of EW.
Target of 41cents. Starting point of current upward move.
Key reaction zone: red trendline
MATIC is still trading inside the triangle making LL. My feeling is it might break towards the downside, if it does so - I have buy limit orders sitting at 23.6 fib level.
I am very bullish on polygon as a project and would be loading up for long-term hodl pf.
Polygon (Matic) To Retest ATH , $4.22 Price Target @ 161.80% Fibs. Matic is looking extremely healthy currently trading just below the key support level at the 38.20% fibs. We are looking extremely healthy for a continuation trend back to the ATH at $2.87. Our target after a retest of the ATH is at the 161.80% Fibs at $4.22 (157% Gain from the current price...
MATIC bouncing hard off support and showing big relative strength today, hanging out near the high of the day, while the rest of the altcoins (incl. Ethereum) are near their lows of the day. Two large developments acting as catalysts:
September 14 - Announced partnership with EY's blockchain services division
September 17 - Announced that it will be listed on...
taking a look at MATIC today. looks like MATIC has a motive wave up followed by an "abc" correction followed by another motive wave. At the moment i looks like MATIC is working on a "1-2". If price comes down on low volume to the .618 retrace, we have a potential set up for a move up. The .618 retrace is also located at the 50 MA on the 4 hour chart. If price...
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.
MATIC looks bullish to break ATH.
The convergence of the below two ideas to take us to ath:
1) expanding wedge
2) head and shoulders
When two ideas converge, there is a little more confidence in the TA. Anyways DYOR . BTC can be volatile and bull doze all gains.
If you like this perspective,please like my idea.
Also, please follow me for...
Also eyeing MATIC's bullish price action for another long opportunity.
We can see from my previous outlook, price indeed reverse from the falling wedge structure, and bullish impulse up.
Price is hovering around the previous highs, but in a consolidation, which is a good indication for another move after the correction completes.
As always be...
MATIC offering good chance will break into new ATH soon. D and W trend looking good as of now.
1.7 is HIgh/Low macro range equilibrium. Once that is broken chances we move fast toward 2.4 where is expected to find some resistance but potential further target at 3.9
Overall a combo between the Daily and Weekly trend will tells us if it is sustainable or not....
Short, brief and to the point.
The chart speaks for itself, as represented by indicators with validaty of fibs and contexualised with fundamentals.
Target - Re-assess trend sustainability at 1.67-1.68 region
This is a layer 2 solution for dApps built on Ethereum which allows traders to access, swap, exchange and stake ETH and ERC-20 tokens without the associated congestion and fees that plague the original smart contract platform. chart shows a lot of strength. We have been in a new accumulation zone since May and now it seems the price is now ready to go for new all...
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 bottomed out @ $0.64. Currently Matic is trading @ $1.47 and if Matic can flip this key resistance above the 38.20% fibonacci level into support above $1.77, Matic looks poised for a big move (95% back to ATH ) from this support zone....
This is follow up video on the idea published.
In the video I talk trough the next important levels to look for. I forgot that 1.8 and 2.4 are also important temporary resistance zones where are are likely to form new weekly and monthly opens in the next weeks....
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....