I have been chasing MATIC for a long time waiting for this moment. After months, the MATIC/BTC just reached my target 2 which is the best entry. Below that is just a wick caused by FUD. Yesterday we faced the Iran bombing Israel news which caused panic in the market. Nothing major, just situational fear.
Down to the point: What do I see in Matic TA wise
-I am...
MATIC/BTC has been suffering in this downtrend. Though it keeps going down, it's now showing a reversal pattern, which may or not be the start of a change to an uptrend.
I'm going to keep my eyes open, waiting for trend change.
Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new...
Yesterday MATICBTC hit a 1.5 year long low and this can potentially be the bearish wave bottom... Let's dive in.
We are looking at Polygon vs Bitcoin on the daily timeframe.
After a peak in February, a major downtrend developed and yesterday a new low came in. This is the lowest price hit for MATICBTC since June 2022... If the reversal happens here, this can...
MATIC / BTC
This massive horizontal support against BTC was greatest one for MATIC since 2021 and never broken since that
Price is testing it again and on a quickly reaction the weekly candle got absorbed indicating bulls are buying here
If bulls will save their ass here again, mega bullish move will be followed for MATIC in next weeks in both BTC and USDT...
I think the bottom for MATIC/BTC is here.
If it breaks the previous low, you can sell with little loss.
There's a lot of room for growth.
Buy 2000~1850
Stoploss 1790
Sell 4500
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two...
Here's a quick look at the MATIC / BTC pair.
The price is at a critical level, and if this level of 2000 sats can't be held, the price will likely get down to 1700 sats! It is, therefore, prudent to keep an eye on the 2000 sats level, as it will play a vital role in dictating the price direction in the upcoming months!
The overall altcoin market is not looking...
Supports for MATIC/BTC are at 0.00002231 and 0.00001913. These are the levels at which there has been a significant amount of buying in the past, providing a kind of "safety net" for the price.
Resistances are situated at 0.00002867 and 0.00003003. These are the levels at which sellers have historically entered the market and prevented price appreciation.
An...
Technical Chart Analysis of MATIC/BTC - Bear and Bull Market Insights
Market Overview:
MATIC is currently trading at 0.00002163 BTC, representing a significant decline of 65% from its all-time high. While the technical analysis suggests a bullish scenario due to the formation of a bull flag on the MATIC/BTC weekly chart, market sentiment does not support an...
A double bottom or double bottom pattern at the end of a descending angle pattern indicates a temporary uptrend
Of course, we must allow the upcoming resistance to be broken at 0.0000339
Hi Guys,
Very simple chart
Get a position and hold. If we fall below the lower boundary of the ascending triangle your get out of the trade.
This is another good risk to reward trade.
MATIC/USD chart will be shared later today, this is also leaning bullish.
MATIC is one of thee very few altcoins that have kept up with BTC in terms of value.
PUKA
