CRYPTOCAP:MATIC double bottom and false breakdown has reversed appearing to continue to test resistance lines? A rejection at $1.03 may cause another test of the lower level support areas between $0.58-$0.80? When it makes it past $1.09 and sustains approve then a continuation to ATH may begin?
Only questions. Do your own research. Not advice.
The Matic graph is moving in an Elliott wave pattern. Wave (C) has a 1-2-3-4-5 subwave structure, which is an impulse wave. Now, it is in wave 2 of Wave (C), which is a correction flat. Wait for wave c of wave 2 to complete and then enter the trade at wave 2 of Wave (C) to target wave 3 of Wave (C).
CRYPTOCAP:MATIC Double Bottom with False Breakdown?
Has CRYPTOCAP:MATIC formed a double bottom with a false breakdown at the support line?
Next Fib. level lower $0.7337.
Just questions.
CRYPTOCAP:MATIC Consolidating at $0.80
Upside to $0.88 and back down?
Upside to $1.03-$1.09 before continuation?
Breakdown to lower levels at $0.66-$0.73?
Hello guys, I hope my analysis was useful for you.
This is my overview of Matic, check it out if you like.
Last week we expected more growth from the support zone, which invalidated our target areas with a strong bearish lag.
Now the upward trend that came in the form of a channel is placed on a support area.
I expect that with the breaking of this downward...
In the weekly timeframe, the price is below the black long-term trend line, and on the other hand, it is on the purple support.
If it loses the support, the right point to buy is the lower yellow, and if the trend breaks up, we will go to the upper yellow.
In the 4H time frame, the third collision with the bottom of the channel has been formed, and if we see...
🔮 #MATIC Analysis 🚀🚀
💲💲 #MATIC is trading in a Symmetrical Triangle Pattern and trying to breakout the channel but rejected from the resistance zone. We may see a rejection till its support area. But if the price of #MATIC breaks and sustain the higher price then will see a pump 📈📉
🔰 Current Price: $0.8368
🎯 Target Price: $1.5483
⁉️ What to do?
- We have...
We looked at Polygon recently, we saw a bullish pattern with a bullish breakout, yes!
But later there was no follow up and the bears showed up with force.
The bears (sellers) pushed the price of MATICUSDT down but EMA50 worked as support, this happened 3-Jan. as shown on the chart.
Two days MATICUSDT remained above EMA50, the bulls feeling safe... Today,...
CRYPTOCAP:MATIC Polygon is putting in a bottom $0.71 to $0.82. The EMA ribbons are barely turning green on the 4 hour chart. Wait for it to turn green. Looks to take 8-10 days to play out before the trend will clearly reverse since the drop to $0.71. This consolidating has reset the RSI and funding rates. A sustained break above $1.03-$109 will start a powerful...
MATIC has broken above the Previous Resistance Zone and is currently re-testing it as support. Is this a scenario where we enter a long? Or are we at the top ready to short?
How do we trade this? 🤔
We can play either scenario, but we need confirmation in one of the directions to have enough justifications to enter a trade. If the price comes back up and...
It's been 42 days since Polygon hit a wall and we have not seen lower prices.
➖ On 14-November MATICUSDT peaked and went on a small retrace; bearish potential did not developed any further.
➖ Currently we can see a bullish flag which works as a continuation pattern.
➖ MATICUSDT is trading above EMA10 & EMA21 (short-term) as well as MA200 & EMA200 (long-term)....
An example of a bullish divergence in which price prints a higher low while the RSI indicator on this Monthly timeframe prints a lower low. This is a sign that upward movement is to come.
As of right now, 4:26 PM WIB on Thursday, January 4, 2024, here are some observations about MATIC/USDT:
Price: MATIC is currently trading at $0.8625 USDT, down 12.30% in the last 24 hours and 17.30% in the past 7 days. This represents a significant decline from its all-time high of $2.92 reached in December 2021.
Image of MATIC/USDT price chartOpens in a new...
