After a test and rejection off upper bounds of a descending trend line we've received a Sell signal from Crypto Tipster v2.
There's a nice level at around a 20% drop from the current price which has previous shown as Support/Resistance.
This coincides with an ascending trend line nicely which is our target!
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As we can see, MATIC needs a bit of fall before going up in the Long Trading Volume.
All patterns show similarity, so the up trend is the case.
You may open a position but have to wait for a -10% to drop first.
If you set up the base line you will see that it has to drop a bit more, below the EMA to continue the first patters of Fib. Circles, but
it is a Long...
Indians love to churn businesses
so do projects with EXCELLENT marketing
as evident in MATiC price action anchored to series of camaigns
from Name Change POLYGON to recent zkEVM March rollout
Gang of 8 Whales control the Price
and looks like it loves to hunt stops in between the cost of HANDLER
Asian Market handler in control
Euro Market free for all...
The bump and run scenario is working perfectly. It also matches very well with a Wyckoff redistribution schematic.
The road could be bumpy, but the target will be reached I think.
Possible long term projections of MATIC price based on trendlines and several macroeconomic scenarios. Expect a bear run if MATIC ecosystem suffers massive FUD.
Personally I'm bullish.
Obviously it wouldn't go negative in a catastrophe this is just what would happen if it went to 0. Lol
Polygon has been trading in this channel since June of last year. It's near the bottom of the trend line, which happens to coincide with the 200MA on the daily chart. With all the bullish sentiment around Polygon, and large projects moving their ecosystems onto the chain, I'd expect to see a nice bounce towards the middle of the trading channel; followed by an...
actually long matic here from the divergence at the bottom of the channel.
think markets range over the weekend. plenty of scalp opportunities.
planning to tp around $1.16 and assess from there.
Trading this uptrend in MATIC. Polygon is the best blockchain in Web3 gaming and supports many other DAPPS. Disclosure... our project CroozeNFT. io web3 game is built on the Polygon Blockchain.
Greetings everyone! It's great to be back with another analysis. Today, I'd like to share my thoughts on the Matic/USD market. In my opinion, the current rally of Matic is presenting us with a favorable opportunity to establish a short position. The supply or resistance level is reportedly above $1.4, and as a result, I recommend short selling Matic at a price...
Matic is in an adjustment channel.
At present, there is still room for a callback.
You can buy when you call back to the lower support range.
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MATIC token, native crypto in the Polygon ecosystem, appears to be about to reach a very interesting technical level from an operational perspective.
MATIC/USD: technical analysis
The most interesting project of the moment is undoubtedly Polygon (MATIC), one of the most widely used networks by industry users and large technology players. The MATIC/USD...
Breakin 200MA around $1 could lead to the bottom of wedge $0,8 and a Support 0f $0,75.
Breakin the up stated Support areas and the next drop lead to the Wedge Target around $0,4 $0,30 (also Fibonacci Target's)
What is MATIC Crypto?
Polygon (MATIC) is a cryptocurrency and a technology platform that was launched to connect and grow Ethereum-compatible projects and blockchains. MATIC tokens are used to govern and secure the Polygon network and pay transaction fees and investors can buy MATIC tokens on exchanges such as Coin base or Kraken.
Polygon made first Fire work in...
