MATIC is a very strong project from a fundamental point of view. The price has risen from its low to its high by more than 10,000%. Since May this year, the price has been in a downtrend. But as the bull market for bitcoin continues, we should expect a resumption of growth. A trend line has now formed on the chart, the price has broken through it and is now...
As you all know, MATIC is not performing well from last 4 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
If you like my idea, please...
1H:
MATIC is making a symmentrical triangle which is likely to breakout upside and the MACD also indicating the cross over of EMA upside its break upward the resistance can be seen at 1.530 if its break that resistance successfully then all the way 1.6 should be the target buy in parts do DCA
This is my first ever TA, please dont take it seriously i have no idea if this is right its simply to practise as its something id like to be able to do.
If you have any constructive criticism, feel free to let me know.
Thanks
entry:1,35$
1^take profit=1,6
2^take profit=1,8
3^take profit=2,2
MACD and DMI are bullish. The volume is increasing, on 15 oct 2021 we saw a nice surge.
No financial advise
Hello traders
in the above picture , we can see that MATIC created an inverse head and shoulder pattern , but important thing is that , at the point of the break out MATIC have huge volume , so we can count this as legitimate break out from the pattern .
also price already try to retest the neck line as a new support...
Here's a quick Look at MATIC daily chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a break to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy...
Polygon (MATICUSDT) had really good volume on the 15th of October.
This is in fact the highest volume on a daily candle since May when strong bullish action was taking place.
Everything looks good here chart-wise.
Notice the black line (MA200), MATICUSDT stays safely above this level.
Its price is also trading above EMA50 and EMA10.
We have both the MACD and...
Recently I've made a couple of analyses on MATIC's massive triangle. See below.
As it stands now, we're currently on the verge of confirming a break out of the pattern. Chances are that the price is currently re-testing the top resistance in order to confirm the...
BYBIT:MATICUSDT
1H trend chart
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After an amazing soar before(H&S pattern worked, refer to our last analysis)
MATIC is correcting and forming a descending wedge pattern in 1H chart.( we modify it from C&H pattern from last post )
Now it broke out this upper downtrend line, if price can stand firm, our trading strategy as below
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Profit Targets:
a)...
#MATIC maybe worth it to add this coin to your Watchlist. 👀
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Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is...
BINANCE
