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Maticbullish

MATICUSD showing strengthHello, Today we look at MATIC. - MATIC is still in strong support zone, not yet broken out. - It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign. - It is in a bullish divergence (RSI making higher low while price makes a lower low). - Volume has increased in the last weeks, showing potential that bottom is in. - RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish. Resistance levels: - 0,75 USD - 1 USD - 1,3 USD Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win. Make sure to check my other posts, all are still valid. XLM has already made x2 since my post, DOT is up 50%... Not a financial advise. Do your own research. Good luck!
COINBASE:MATICUSDLong
by carefulCheese32259
1
MATIC → Polygon Pullback to $0.35 then $0.70? Let's Answer.Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC? How do we trade this? 🤔 As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving us below the Support Zone at a low of $0.50. We now see the price finding support in this area, and it has yet to show signs of strength. It's not reasonable to enter a long here given that we lack a strong bullish candle close. We need to wait for a strong candle at this support area, but I believe it's more likely we will fall to the triangle low of around $0.31. Look for a signal and confirmation candle in this area then enter a long. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in MATIC. A final point of data is the RSI low and above the moving average of around 37.00. This indicates we are into the swing high and a long entry at this stage is warranted. 💡 Trade Idea 💡 Long Entry: $0.40 🟥 Stop Loss: $0.27 ✅ Take Profit #1: $0.53 ✅ Take Profit #2: $0.66 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two legs up toward a resistance zone in a triangle 2. Resistance met at $1.25, two legs back toward the triangle low 3. Look for a break below the triangle to the triangle low 4. Long entry justified after strong bull candle close near triangle low 5. RSI at 37.00 and below the moving average. Supports a long entry 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
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by TraderEngineering
3
#MATIC/USDT#MATIC The price recently reached the first target of 0.8400, which is a moving average of 100 on a 3-day frame It achieved approximately 70% rise After the descending triangle and the downtrend were broken, which opened the way for the rise Supported by saturation on MACD It is expected that a slight correction will occur before the rise to the second target at 1.1400 continues Then the second target is 1.4446 This represents 300% since the downward trend was broken
MLong
by CryptoAnalystSignal
MATIC → Polygon Pullback then Bounce to New Highs? Let's Answer.MATIC has been caught between a trading zone since November but has finally touched the Support Zone and bounced back above the Daily 200EMA. Should we long here? How do we trade this? 🤔 The Support Zone was touched and a strong bounce led the price back above the 200EMA. We are currently hovering between the Daily 30EMA and 200EMA with no clear signals to buy or sell. The RSI is around 46.00 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio and a buy signal, which requires the price pullback a bit more before we can enter the market. We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $1.092. Target the $0.735 price area for an entry and place a stop loss below the previous low in the Support Zone around $0.655, the first Take Profit at $0.815, and the final Take Profit around $0.975 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits. The first take profit is placed around the 30EMA zone since it may act as resistance. The second take profit is placed just before $1.00 where there has been a few failed attempts to break it since November. 💡 Trade Idea 💡 Long Entry: $0.735 🟥 Stop Loss: $0.655 ✅ Take Profit #1: $0.815 ✅ Take Profit #2: $0.975 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Trading range after a bull run justified long bias. 2. Contact with the Support Zone followed by a bounce. 3. Price hovering between 30EMA and 200EMA, wait for pullback. 4. Look for long entry around $0.735 for a 1:3 Risk/Reward ratio. 5. RSI at 46.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
MLong
by TraderEngineering
MATIC → Clear Shot to $1.00!? This Chart Answers that Question.Polygon broke out of the 200EMA resistance and ran to the upside to flirt with the $1.00 price point in mid-November. We've now seen a two-legged pullback from that price and a double bottom seems to have formed. Does that mean we're ready to try for $1.00 again? How do we trade this? We do have many of the required conditions to get long! But we do need to wait on one more condition to give us the optimal probability for our long trade. A bull candle closing on or near its high is the final step and it looks like the current Daily candle could deliver! Once you see that close, it's reasonable to get long and go for a standard 1:2 Risk/Reward ratio, protective stop below the Daily 200EMA and set a profit target around the previous high of $0.95. Also, be prepared for the bullish scenario to fail. Keep an eye on Bitcoin as a leading market indicator to see if it succeeds in breaking the Weekly Resistance. If Bitcoin reverses at the $39,000 - $40,000 level, watch MATIC's response closely and be prepared to get out of your long. Look for a strong bear bar closing on or near its low with followthrough. Trade Idea Long Entry : $0.77 Stop Loss: $0.70 Take Profit: $0.91 Risk/Reward Ratio: 1:2 Key Takeaways 1. Bull breakout of the 200EMA, Trending Bull! 2. Followed by Two-Legged Pullback, Ended Nov 23rd. 3. Double-Bottom Reversal, waiting for close of Strong Bull Candle. 4. RSI above Moving Average and around 55.00. Bias to Long. 5. Watch MATIC and Bitcoin for reversal signals, use caution. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
MLong
by TraderEngineering
MATICUSDT - Well goes from htf Well goes from htf. There is a good level of liquidity on top, and locally we have trend liquidity, which will be collected in any case only either when the levels are broken, or after the LFT is confirmed, which was indicated on the chart. The second variant of the outcome is eventful, more acceptable Target is bsl level ($1.165) Of course, it is better to consider the input after the structure on ltf. Primary targets - withdrawal of liquidity as in the chart
MLong
by JaegerB
2
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis : Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction Macro-level In a complex A-B-C correction W(A) in orange W(B) is Blue Wave(C) is a 5 wave in purple Micro-level ------------- 1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C) 2) sw(2) in W(C) went back to $2.46 3) sw(3) in W(C) went to 1.3 4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5) We need to see if this is going to be an irregular running flat or a normal irregular correction Appreciate feedback
COINBASE:MATICUSDLong
by JAN360
MATICUSDT - WAIT THE DIPEmissary over here. Hello again everyone. Today we take a look at Matic Network. Price was rejected days ago by the offer zone (red box). I think we'll see Matic reach i'ts all time high once again, but fisrt a retest to the 1.699 inside the channel may be necesary. If you already have MATIC and it blasts off to the moon in the short term that's all right- But I wouldn't go in at this price. I'll rather wait and see if we can catch it cheaper. As always, thank you for reading the message once again. If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps. Also I'd like to hear your opinion in the comments. Remember this is no financial advise, DYOR and trade at your own pace and risk. See ya'll
MLong
by MessengerFromTheUnderworld
🐃🟢MATIC/USDT !Hello friends. Please support my work by clicking the LIKE button(If you liked) comment your Opinion to help me make a better analysis , 🙏🏻🌹 love you so much lets take a look at the chart . here we have a rising channel on a daily time frame, when we come to a lower time frame (4H tm) we can see a bullish candle that could start rising the price so I think here we have a long position with a stop under the confirmation candle on 4H tm and the target is middle of the channel.
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by zZzArmiazZz
MATIC price analysis. We need a volumeBINANCE:MATICUSDT Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Since ATH in April we broke resistance downtrend line 15 October, with volume on 1D make a retest on same timeframe and bounce up! Almost test 0.786 level by Fib, and found a support on 100EMA 1D Matic should break 1.90$ but the problem is we don't see the volume! Thats why I expect rejection on this price level and come back to 1.65 test once again. 0.5 Fib. Most worse scenario we can possible falling down to test uptrend line since July 1.47$ MACD on 1D is bullish we start going in to buyers zone! Possible Targets ➡️Break 1.90 ➡️After break ATH next target is 3.97$ ➡️TOP for this bull run is 6$ Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
MLong
by Crypto4light
2