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
Maticforecast
MATIC → Polygon Breaks Resistance! Should we Long or Short? 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 successfully tests the Support Zone, then it's reasonable to long scalp to the next Resistance Zone at $1.19. If we break below and re-test the Support Zone as resistance, it's reasonable to short scalp near the Support Line. Bitcoin is also at a crucial point in the market cycle, we need to see if it falls or breaks out to and above $46,000. Bitcoins direction could (and probably will) drag the alt market with it.
We need that confirmation to have enough probability to enter a trade. We're stuck in limbo without a clear direction at this point and should remain on the sidelines until more price actions prints on the screen.
💡 Trade Ideas 💡
Short Entry: $0.93
🟥 Stop Loss: $1.00
✅ Take Profit: $0.86
⚖️ Risk/Reward Ratio: 1:1
Long Entry: $1.065
🟥 Stop Loss: $0.970
✅ Take Profit: $1.160
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Broke Above Previous High, Testing for Support.
2. If Price Falls Below Support Zone and Fails Re-test, Short.
3. If Price Rises Tests Support Zone and Closes, Long.
4. RSI around 61.00 and above Moving Average, Short-term Bias to Long.
5. Keep an eye on Bitcoins Price Movement as a leading indicator.
💰 Trading Tip 💰
Don't trade without clarity. If the price action isn't giving you favorable probability or optimal entries, don't trade it. You will be far wealthier by waiting on the sidelines.
⚠️ 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 comment if you found this analysis useful!
MATIC → Ascending Triangle Breakout? Or Rejection to $0.60?MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level?
How do we trade this? 🤔
To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of profit is far too low and the stop loss would have to be placed too far away (bad Risk/Reward). After breaking the Resistance Zone, a protective stop should be placed just below it and a Take Profit at 1:2 Risk/Reward is reasonable.
A short position could be available much sooner if the price is rejected a third time at the resistance zone and falls beneath the Daily 30EMA. What we need is a sell signal bar and confirmation closing on or near their lows, below the 30EMA, and the RSI below the Moving Average.
Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold.
💡 Trade Ideas 💡
Short Entry: $0.885
🟥 Stop Loss: $0.955
✅ Take Profit: $0.755
⚖️ Risk/Reward Ratio: 1:2
Long Entry: $1.017
🟥 Stop Loss: $0.937
✅ Take Profit: $1.177
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Ascending Triangle, Bullish Pattern!
2. Strong Support on Daily 30EMA.
3. At Resistance Zone, Do Not Long Here!
4. RSI at 53.00 and Below Moving Average. Bias to Short.
5. Wait for break of resistance zone to Long. Short if Rejected.
⚠️ 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 comment if you found this analysis useful!
MATIC Another Leg Down? Or Will We Bounce To The Upside?MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside.
How do we trade this?
In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle closes on or near its low, that's a reasonable short setup to take with a tight stop above the bear channel resistance (4HR 30EMA). A 1:2 Risk/Reward ratio should be the target take profit in this setup while keeping a close eye on that 200EMA showing support. If a bull bar closing on or near its high shows itself, time to get out. The RSI is around 45.00 and above the Moving Average, not a strong indicator for either direction, but there is room to fall.
Key Points
1. Bear Channel, Bias to Short.
2. Two Pushes Down, Looking for a Third!
3. The 200EMA may act as support.
4. RSI around 45, Indecisive.
5. Third leg down, small position Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Matic has a very good Potential Investment Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 166 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
MATIC is in danger, it will DUMP hard!Hello, everyone!
Let’s continue to analyze the most dangerous altcoins which showed the greed during the bounce on the Bitcoin. Today it’s MATIC time. It now has the most dump potential. I suppose that the market maker created the fake growth on this altcoin to show other traders the illusion of the asset’s power. Of course it’s fake and MATIC is going to break or at least test it’s bottom at $0.33 and I will show you why. Let’s go!
Let’s take a look at the 1D time frame of the MATICUSDT of the WhiteBit exchange. The bottom at $0.33 was the end of the wave 3 as on the entire crypto market. The corrective wave 4 retraced this wave with the zigzag correction. Zigzag correction usually consists of wave A (5 waves), wave B (3 waves) and wave C(5 waves). You can see on the chart how perfectly the market structure for MATIC corresponds to this theory. One question you can have is why the wave 5 did not break the wave 3 top in the wave C. I can explain it because wave 5 could be trimmed. It’s OK for the altcoins.
Now the price is drawing the wave 5 and I suppose the the sub wave 3 of this wave is in progress. The minimal target for the wave 3 is the $0.61 – 1 Fibonacci extension level, but I think MATIC will hit $0.3 again because the 1.61 Fibonacci placed right here.
Best regards, Ivan
_______________________________________________________________________
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MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Buyers controlled the price action in the past seven days when MATIC registered a 9.3% price increase. This uptrend is expected to continue, but the bulls will face strong resistance at $1, where the price was rejected before in the past.
The current support is found at $0.9078, and MATIC has always moved higher from that point in the past few months. This also places MATIC in a large range between $1 and $0.74.
Looking ahead, MATIC may attempt another break of the key resistance at $1, but it will be a tough ask. Sellers always came back at those price levels, and they could return again, which may push the price back below this psychological level.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
MATICUSDT Market Update 28/09/2022MATIC formed inverse head and shoulder and traded near to its neckline. Here we have to keep an eye on a successful breakout of the neckline, which will confirm its bullish move towards the upper marked resistance levels.
If MATIC loses strength and lost its right shoulder path then that would be a sign of another leg down in MATIC. Some further price action will confirm its direction.
#MATIC/USDT 30M UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see from the above-mentioned chart that MATIC/USDT was trading inside the falling wedge channel and broke above.
Currently, it's moving downside to retest the upper trend line which is the buying zone for the matic to earn a good amount of profit in upcoming hours.
So we can take entry at the
#MATIC/USDT LONG TRADE SETUP
ENTEY:-CMP and $0.8830
TARGET:-20%
STOP LOSS:-$0.8700
WITH LAVERAGE:-10x to 20x
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
MATICUSDT 1D Great potential for growth, but there are conditionToday we will consider what prospects are emerging for the Maticusdt trading pair
But to begin with, we offer you a look at our previous idea for a Maticusdt pair, which we did 2 months ago.
In it, we noted an important liquidity zone of $0.67-0.81. However, during the fall, there were no buyers in it. This was clearly visible when sellers easy fixed the Matic price below this zone, which in turn is a clear signal for activation of the red scenario.
Today, the chart shows signs of "recovery" and the desire for the Maticusd price to rise a little.
In the coming days/weeks, the $0.67-0.81 zone will act as strong resistance.
To continue the rapid growth with a maximum target of $1.10-1.20 , buyers need to anchor in the liquidity zone of $0.67-0.81 and follow the blue route.
If at the approach of $0.67 there are signs of weakening growth and will start consolidation below this zone, then activation of the red route is possible with a potential correction to $0.45
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATICMATIC/USDT broke support zone and make breakout im Short on this Coin
Comment below do you like
#MATIC/USDT 1Hr UPDATE !!Welcome to this quick MATIC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- MATIC looks like it gonna break out the falling wedge pattern. If you'd added the position at our call then you're very minor profit. We recommend moving Stops to just below swings as the market may reverse anytime.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#MATIC/USDT 2HOUR UPDATE BY CRYPTOSANDERS Hello, dear traders welcome you to this GAL/USDT 4hr chart analysis.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#MATIC/USDT LONG TRADE SETUP :-
entry:-$0.62,$0.64
target:-80%
stop-loss:-$0.5866
with laverage 5x to 10x
MATIC/USDT In the current scenario, the MATIC is trading above the green support zone .
Now I am expecting more % down towards the lower support zone area which is also a good buying zone for MATIC.
If MATIC/USDT HOLDS the upper trend line support well then soon we will be able to see a bounce towards the yellow resistance zones at the price level in upcoming weeks which is almost 80% from the bottom level.
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
MaticUSD came into the liquidity zone. Next move ?Today, we analyze the global graph of the Maticusdt trade pair
Of course, virtually all of the alts is very painful to respond to the fall of the price of BTCUSDT
However, on the other hand, the price of alts reaches strong liquidity zones, from which were organized good buyback up at the trade history.
So the Maticusd price reached the liquid zone $0.67-0.80 which previously held back the notorious and sharp rainfall in May-June 2022
In the graph, we used a combination of vertical and dynamic fibolevels. Maybe the schedule will be strongly cluttered, but if you look at, can get a lot of beneficial trade information.
All crypto market is now at critical levels where volitional trade decisions will be made. Hence, in close future either organize a worthy rebound up or another wave of a strong fall, which results in traders and investors will be "lick the wounds" for months, if not years ...
Summarizing:
Looking at the schedule, a set of medium-term long position in the liquidity zone $0.67-0.81 with an indicative purpose of sale x2 in the area of $1.45 looks logical.
Fixing the Matic Price below $0.65 will open the way to work out the red scenario.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
MATIC/USDT 12HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick short analysis of MATIC/USDT
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- MATIC/USDT analysis is head and shoulder create and 21MA and retest green zone
SHORT ENTRY:-$1.75
$1.85
SHORT TARGET:-$1.65
$1.45
$1.35
$1.25
$1.00
SHORT STOPLOSS:-$1.98
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
MATIC IS TRYING TO HOLD MA50📊 #MATICUSDT (MATIC NETWORK)
💹 Time Frame: Daily (Update)
➖➖➖➖➖➖➖➖
🟡English: As you can see MATIC broke the trendline up and is trying to hold above MA50. if MATIC can close one daily candle above this Area then we will see more upward movement to test the 2.4$_2.6$ resistance zone.
But If could not hold the currently broken trend line we may see lower prices. The first support is 1.8$ _109$ area. we are expected to bounce from this area but if the market turn to bearish the second area is 1.4$ _ 1.5$.
This Analysing will be updated.
➖➖➖➖➖➖➖➖
👤 AmirHossein
📅 02.08.2022
⚠️ (DYOR)
Matic (Poligon) coin is so strong!!! Trend line is brokenMatic (Polygon) coin is so strong!!! Trend line is broken
High-risk trading - MATIC -longHi all. A new column on short-term trades with high risks. Unfortunately we can't just post our trading stats now. Since July it's against tradingview's rules. That's why we decided to post our high-risk trades all month long and see the result!
MATICUSDT LONG
Entry - $2.507
Target - $2.586
Leverage x20 (8% of my entire deposit)
P.S. all trades that we will publish here, we can confirm with screenshots.
Matic Chart SIGNAL by Sajjat Hossen #MATIC Usdt 1D Chart SIGNAL by Sajjat Hossen
⚠️ Buy Sell At Your Own Risk ⚠️
Entry ✅ Buy Between $1.55 - $1.75
Stop-loss ❌ If Day Candle Close Below The $1.44
Old Analysis...
Matic Chart Analysis If You Are A Holder Of Matic, You Can Sell At Strong Reversal Zone.But Do Your Own Analysis. I'm Expecting A Reversal From 2.9$ Price Level.
Polygon (Matic) To Retest ATH, 80% away from $3.47Polygon (Matic) Update 28/10/21: $1.63 was the last critical resistance which Matic has now flipped into support above the $1.77, it’s going to be interesting to see just how quick Matic retest it’s previous ATH set in May as Matic is currently only 48% away from $2.87, from here we have the following price targets:
127.20% fibs @ $3.47 (80% Gain from the current price)
161.80% fibs @ $4.22 (119% Gain from the current price)
227.20% fibs @ $5.66 (192% Gain from the current price)
Please see previous analysis below. Happy trading :)
Polygon (Matic) Update 23/10/21: Polygon (Matic) is currently 86% from the ATH @ $2.87 and 174% to the $4.22 target. From the current price we are currently 555% away from Polygon (Matic) at $10, we can expect to surpass this peak bull cycle it's going to be an explosion 🚀
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (127% Gain)
161.80% Fibs at $4.22 (177% Gain)
227.20% Fibs at $5.66 (270% Gain)
423.60% Fibs at $10.04 (555% Gain)
Please see previous analysis below. Happy Trading :)
Update 16/09/21: 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 level). Please see previous analysis below. Happy trading :)
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 . 185% Gain to the 161.80% Fibonacci target @ $4.22. See previous analysis below. Happy Trading :)
Polygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :)
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 the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading
Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :).
$Matic $Polygon
See Previous Analysis Below:
Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :)
Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :)
Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :)
Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :)
Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain)
Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :)
Update 20/03/2021
Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :)
Update 20/03/2021
Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd
*Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas.
Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins.
What is Polygon?
Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks.
It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution.
Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains.
Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.
Key Notes:
The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon.
Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
Polygon (Matic) To Retest ATH, $4.22 Price Target @ 161.80% FibsPolygon (Matic) Update 23/10/21: Polygon (Matic) is currently 86% from the ATH @ $2.87 and 174% to the $4.22 target. From the current price we are currently 555% away from Polygon (Matic) at $10, we can expect to surpass this peak bull cycle it's going to be an explosion 🚀
Our current price Targets for Polygon from the current price:
127.20% Fibs at $3.47 (127% Gain)
161.80% Fibs at $4.22 (177% Gain)
227.20% Fibs at $5.66 (270% Gain)
423.60% Fibs at $10.04 (555% Gain)
Please see previous analysis below. Happy Trading :)
Update 16/09/21: 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 level). Please see previous analysis below. Happy trading :)
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 . 185% Gain to the 161.80% Fibonacci target @ $4.22. See previous analysis below. Happy Trading :)
Polygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :)
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 the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading
Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :).
$Matic $Polygon
See Previous Analysis Below:
Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :)
Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :)
Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :)
Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :)
Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain)
Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :)
Update 20/03/2021
Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :)
Update 20/03/2021
Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd
*Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas.
Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins.
What is Polygon?
Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks.
It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution.
Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains.
Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.
Key Notes:
The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon.
Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
