MATICUSD trade ideas
MATIC - time for impulse to new ATH!MATIC is doing same moves as BTC did just with a lag. We are oversold with bullish divergence in a falling wedge formation. Just like BTC did I expect Matic to breakout of falling wedge formation and push to new ATH for blowoff top - after that likely correction back to current level so make sure to secure profits on time.
Is MATIC Nearing a Bottom or More Downside Ahead ?
Lower Highs & Lower Lows: The price consistently prints lower highs and lower lows, confirming a bearish structure.
The price is moving along the lower band, indicating persistent bearish pressure.
The middle band (moving average) is acting as a resistance level.
Support: Around $0.20 - $0.21 (current price zone), as it appears to be stabilizing near the lower Bollinger Band.
Resistance: Near $0.28 - $0.30 (middle Bollinger Band) and a stronger resistance at $0.35.
Volume has been relatively low, suggesting weak buying interest.
If $0.20 breaks down, the next strong support might be around $0.15.
MATICUSD Looking BullishHello,
MATICUSD appears overall bullish on the H1 timeframe. Currently, the price seems to be stretching toward the 0.2355 resistance zone, which could lead to a potential bullish pullback.
The resistance at 0.2389 appears significant, with its opposite lower highs, suggesting some attention in those areas.
The 0.2431 level is the desired price target, with a bias toward 0.2485. The price setup is supported by the 0.2258 level, with additional support at 0.2232 and the support area zone around 0.2196.
Happy Trading,
K.
Not trading advice
XRP, MATIC, SHIB XRP projected significantly higher after crossing "the point of no return" hitting the first target. Both MATIC and SHIB are forming patterns resembling that of XRP. I believe like XRP, MATIC and SHIB will cross "the point of no return" and hit their first targets which are their all time high's.
Elliot wave corrective ABC Triangle pattern Wave A is an impulsive wave that 5 subdivisions. Wave B is an abcde triangle and each wave has 3 subdivisios. a-b of the triangle is connected by wxy (also has 3 subdivisions each).
Look at smaller time frame to see (and confirm structure). Currently looking out for wave d of the triangle (wave 1 of 3) to complete then followed wave e 3 waves in the opposite direction, before there can be any break-out.
This is only an idea not financial advice
POL: The Return of The Matic#POL recently bounced in what could be a bullish reversal, possibly marking the end of a 3-year corrective major wave (4).
If the $0.151 low holds (stop-loss), a massive bull run shall start for #MATIC.
Passing $0.768 confirms the bullish idea of targeting the ATH.
#Polygon
Bounce or New lowsMATIC had a hard drop from .75 to .15 cents, ouch. Now it seems it may be consolidating again in a parallel channel but if it breaks below, it sadly will make new lows, we need price to break out above the channel .1938 and make higher highs and higher lows. Anything below .1519 is in the danger zone. The Stochastic RSI and RSI and CCI are both in the oversold zones and the bottom indicator is flashing. Please be careful and have a nice day
MATIC/POL buyers beware; bearish signals in the mid-term (1W)The MATIC/POL pair has been dropping for over 1200 days from its peak price, but the structure suggests that a new bullish pattern may have started from the point where we placed the red arrow on the chart.
We’ve marked a supply zone on the chart that could reject the price downwards.
The minimum expectation is for the price to drop to TP1.
The best buying zone for MATIC/POL is the green zone at the bottom of the chart, which could push the price upwards by more than 500%. In fact, it is expected that wave A of the bearish pattern or X wave will end in this area, and the price will enter a mid-term or even long-term bullish phase.
A weekly candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You