Will MATIC move towards $1.6Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
Maticlongsetup
MATIC bullish continuationHere's a quick in and out for the day.
So Matic just completed a correction, and continuation to the upside is expected from here based on the count and entry is at 1.1881 TP is not set yet as we might continue mooning till ATH's.
NFA as always, awesome trading..
MATIC Update - 06.01.2024 / Great local Long setup1 hour chart: we observe the coin moving in an upward order flow through the structure breaks in the Long and buy pattern, then got a reversal, coming to the FTA in the form of a monthly block order zone.
Over the last couple days failed and took out all the compression and liquidity behind the key low, then got a reaction and formed a TDP and stb zone of interest.
Also left magnets to deliver price from above, namely daily imbalance, compression, liquidity behind the key high.
So, expect a nascent long order flop on ltf through structure breaks, after which I will consider positions on this asset!
❗️ Not financial advice, always think with your head.
MATIC HEAD AND SHOULDERS PATTERN MACRO OUTLOOK TARGET 1.50-1.70Exposing the Elliot Wave count and Head and Shoulders Pattern in MATIC/USDT chart.
We can clearly see a resistance level recently broken and bactested. These are strengh signs and should push MATIC towards the 1.50-1.70 area level quite fast in the upcoming weeks.
Projection:
Between January up to early mid February to reach the target.
Long Position open at 0,9660. Riding the wave up to 1.50.
SWING TRADE or low leverage position.
MATIC - Don’t Buy the Breakout, Buy the RetestTLDR:
• MATIC is close to breaking out of the Range High.
• To trade long I need to see the following:
o Break out of the range.
o Move up to deplete the supply zone.
o Range high flipped to support.
• Only after these two conditions are met will it be a high-confidence long trade.
Background:
• MATIC is in a similar situation to many other altcoins. The MATIC situation is as follows:
1. Sharp drop.
2. Selling Climax.
3. Automatic Rally.
4. consolidation in a Range.
• Assuming that the correction is over, this could be an amazing opportunity to buy low and sell high. However, there’s a worm inside the apple that we need to avoid.
• MATIC has a supply zone just above the range high. Meaning that a break above the range high will, most likely, fail at the first attempt. Here are a few examples:
• DYDX Weekly TF:
• XRP Daily TF:
• BNB Daily TF:
So, what do we do?
• Simple, Patience. Don’t buy the breakout, buy the retest. If you miss out, there are other trades. Nonetheless, it is most probable that all you will miss is the stress and heartache of being in the red.
Trading Plan:
• This is a generic trading plan. It is applicable not just to MATIC but to any other asset that is consolidating in a range. I intend to use this tactic for ADA, FTM and BNB as well as MATIC.
1. Break above the range High
2. wait for the supply zone depletion
3. Wait for range high retest as support.
4. Wait for green dots on the TTM Squeeze indicator.
5. Go long.
Trade Idea:
• Entry: 0.715
• SL: Below last Low before the breakout app. 0.65
• Target: 1.568
• R: R: 1:12
• TP: 0.95, 1.18, 1.568
NFA
What do you think? Please share in the comments.
Best wishes.
MATIC to retest $0.95? MATIC faced price rejection at $0.95, setting it to retrace near the range low.
In the second half of May, the price reacted to the $0.86 - $0.88 zone (cyan). This level could offer a long opportunity, targeting $0.95.
Entry: $0.882
Exit: $0.950
SL: $0.863
RR: 3.7
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) Polygon (MATIC) snapped a three-day losing streak on Thursday, following a crossover of moving averages (MA).
The 10-day (red) MA crossed its 25-day (blue) counterpart in today’s session, sending the price to a peak of 0.8974.
This comes following Wednesday’s low at 0.8787, which saw MATIC hit its weakest point since May 25.
market volatility in polygon remains significantly high, with earlier gains almost fading.
MATIC is trading at 0.8934, with the RSI at a reading of 46.03, which is close to a ceiling of 48.00.
Should this aforementioned point of resistance be broken, bulls could force a move toward 0.9000.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#Matic yet again gets a chance to BuyMatic for Day traders! An initial good time to buy for dual hedge setup, Initially a inside cancel l is yet to form assuring its dominance on bull side, initial is 0.8455 as idle buy res is 0.8769 where final targets are about 0.9028.
0.8769 is the time one can get res and yet a good buy.
Pardon for the hand made arrow! hahah
MATICUSD could breakout as we for this cross for a buy entry.We have not seen any activity with MATIC BINANCE:MATICUSDT lately so the momentum could be building in this Ichimoku cloud. You only need to wait for the cross in this indicator potential entry. It can be reliable on my other platform, but I thought I would mention this on Trading View.
$matic weekend long setupactually 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.
