I am expecting to see the most recent bearishness in the market see a turn around. I use BTC as the guide. I like the support shown throughout the low 60s over the last night. The volume of for MATIC in the .95-1.00 range make is giving me evidence that if the 21 EMA starts to turn around that continued bullishness would support a 1.30-1.50 range for the next week.
After completed a triangle pattern wave 4, above 0.6909 we are looking to the upside to complete a 5 waves structure, wave 5.
Possible target 4.80 USD.
On this count we used log scale!
Polygon is looking like a real winner! If the daily price candle breaks out past the previous day's high, it could soar all the way up to $2.93! And the best part? It's currently at a support zone, which means it's a great opportunity to buy in. With the recent surge in Ethereum, Polygon is bound to follow suit and make some serious gains in the next month or so....
This is a trade I took. Entry at the green orderblock. I expect it to ~$1.5. I think it'll go higher longer during the crypto cycle, but that's where I'm looking for a possible pause to the bullishness. Trend is strong though.
In the daily and weekly time, it is moving in an upward channel for a while, and the current wave is the 5th wave of the 3rd wave. This larger cycle should not enter the range of 60 cents, in which case there will be an overlap and the analysis will be invalidated. But in the bigger time, which I will present after completing the current step, we will examine the...
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole
CRYPTOCAP:MATIC is printing an inverted hammer green candlestick on the 1 hour chart.
The Green Inverted Hammer is also known as a Bullish Inverted Hammer, it is a candlestick pattern that suggests a change in the current market trend. The Green Inverted Hammer is the opposite of the Red Inverted Hammer. The Green Inverted Hammer implies a bullish reversal...
Here'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..
Big market cap, big ships, don't always move the fastest but if you look at the DAILY chart it's not a bad prospect for a steady UP trend for the next 4 months. CRYPTOCAP:MATIC has broken above the channel but it needs a few more days of consolidation it seems and then hopefully more UP.
Matic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time....
Polygon Matic is one of the hottest altcoins right now, no doubt! We're feeling pretty optimistic too, eyeing a (tentative) target price of around $1.70. However, we're not jumping on the bandwagon blindly. We've spotted some bearish divergences on the OBV, but that's cool because it's giving us a smart move to make! We're gonna play it smart, wait for a dip, then...
Title: Riding the Fibonacci Wave: A Strategic Approach to Price Targets
Introduction:
In the dynamic world of financial markets, traders are constantly seeking reliable tools to forecast price movements and identify potential reversal points. Fibonacci retracement levels have emerged as a popular and versatile technical analysis tool, providing traders with a...
MATIC POLYGON we failed to put in a higher RSI on the 6 hour chart. Money flow appears to be trending downward, and we may have double topped. I could see a retest of the bottom trendline of the larger equal triangle form on the weekly chart. With the break above the upper trendline on the weekly chart, I'd expect a coiling up leading to expansion that I don't...
MATIC Polygon has broken out of the upper trendline of an equal triangle it has been in on the weekly logarithmic scale. The RSI has been relatively flat making the price higher and RSI lower in the recent trend. Money Flow is on the rise. Clearly a Bullish trend if we can back test and hold support of the upper trend line. I'm cautious!
I opine the current...
Hi Traders,
This one is good for those who want to find levels of importance which is our groundwork prior to trading the levels using SFP's or Failed Auctions.
On the macro perspective, we use other strategies that is not covered here but again, these levels played the role for decisions.
We used 3rd party tools as well and maybe there are scripts here on...
#MATIC #MATIC_LTA
weekly symmetrical triangle formation?
here are the potential targets based on the previous rise and fall cycle:
6.5$ area
12.4$
17.8$ - 29$
90$ - 113$ area
240$ (very optimistic tp)
