This is my first attempt at using Elliot Wave Theory to make a price prediction. This one on MATIC. This is the daily chart. Let's see how it plays out. MATIC just made a big jump to the upside. Please feel free to offer advice or commentary as I'm just starting to publish ideas. I often get things right, but struggle to trust my own analysis. I am holding...
Welcome all,
We're testing out some Crypto using our unique strategy and applying the algo. We're already running the test on this since last month so far running at 10% gain locked in.
It's a test at the moment, let's see how they perform.
As always, trade safe.
KOG
Bullish Reversal Above $1: MATIC's price surpasses the crucial $1 mark, indicating a strong bullish momentum in the market.
23.60% Fibonacci Level Breakout: Polygon (MATIC) showcases a bullish breakout, surpassing the 23.60% Fibonacci retracement level, signaling potential for further gains.
Potential Bull Run to $2: The current trendline breakout and market...
Quick Recovery and Challenge to Descending Trendline: MATIC's price has shown resilience with a quick recovery, challenging the descending trendline that has been in place.
Remarkable Weekly Jump: Last week, Polygon (MATIC) experienced a significant jump, increasing by 19.63%, signaling strong bullish momentum.
Potential Breakout of $1: The recovery and bullish...
Here we have one with lots of drawings.
On the bigger picture, in daily timeframe, I see a Head and Shoulder formation with neckline retest. Let's remember Head and Shoulder:
✅ Downward slopping neckline tends to bring the biggest price move (visible on daily)
✅ Highest volume is at the head or at the left shoulder (it is at the head in this case)
✅ Volume falls...
Yooo!
These are my set ups for matic I'm anticipating a huge move on matic simply just looking at market cipher b up to 2.1!!!
Eth as well we can be seeing eth back up to 3100 back to the value area low of the bull market the ATLS are ready to run!
Did you stock up on your favorite cryptos!
Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.
For my final long (sorry tradingview followers as I have only had the time to post a few of my trades here but you know where to find the rest), I chose Matic. Nice little cup and handle. Above VRVP POC and above all SMAs. Entry was .86. Final target is 1.03 with profit taking at .94 along the way. SL is .80 with a rrr of 3.5 to 1.
MATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
Hi Traders
MATICUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.8332 resistance level. Only the downward break of 0.7661 would cancel the bullish scenario.
Trade details
Entry: 0.8332
Stop loss: 0.7661
Take profit 1: 0.8746
Take profit 2: 0.9416
Score: 6
Strategy: Bullish breakout
Buying opportunity for the next bull run.
Retracement to Fibonacci 0.618 is met.
Moving Average 200 is retested to confirm upward trend.
trendline level is respected over and over throughout the years.
I still think that BTC is going lower towards 36-35k which will create another buy opportunity.
Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested...
This is just my idea. I’m a long term holder. If we hold the lows we’re going to the moon. Price action is going to be key these next couple weeks. I’m very bullish on poly. Secure the bag and risk what you can afford to loose
Matic is primed like the rest of the falling wedge alts.
Not much of a patter trader but these look delicious.
First target the Point of Control (white line)
Second Target - Imbalance above the Value area high (blue line)
Third Target is a special surprise
Happy Trading
I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support...
MATIC/USD and MATIC/BTC
- Both reaching into oversold levels on the RSI
- Both in parallel channels & near or at bottom
A long term accumulation window may be opening here
Its very important to review my TOTAL 2 and TOTAL 3 Altcoin charts which shoe that a secular bull run for alts is more probable between Dec 2023 and Mar 2024.
Regardless now is the time...
CRYPTOCAP:MATIC is exhibiting trends similar to Ethereum. Currently, it's trading between support levels of $0.86–$0.887 and resistance at $0.91–$0.928, though this may not last long.
An upward movement for Polygon seems more probable. Buyers are eyeing the $0.97 price point and the key psychological level of $1. Overcoming this level could significantly...
