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MATICPERP trade ideas

MATIC / USD Daily Chart Ascending Channel Im liking this chart. looks like it has some room to come down and touch the lower trend line and still be very healthy. Im trying to make charts that work more as pictures and that can evolve overtime since some indicators do not carry over with the chart. God Bless anyone reading this. Habakkuk 2:2 King James Version 2 And the Lord answered me, and said, Write the vision, and make it plain upon tables, that he may run that readeth it.
COINBASE:MATICUSD
by gardenmarketresearch
2
Potential Breakout in MATIC, Will Head Towards 3Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polygon (MATIC) had been in a rangebound mode after hitting resistance around the 2.20 price level is late October 2021. The cryptocurrency found some support at the 1.45 price level where it made sharp moves higher over the last couple of weeks, testing and breaking above 2.20. Expectations are for MATIC to continue this move higher, with a target of 3. Failure of this projection will see MATIC trading around 1.80. On the Daily Chart MATIC is in an upward trajectory, with some resistance around the 2.5 price level. Technical Indicators There has been recent crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. MATIC is currently trading above all 3, which is a bullish sign. The RSI is above 50 with the KST recently making a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 1.8 and a target of 3.0. This produces a risk/reward ratio of 1.23. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to MATIC.
FTX:MATICUSDLong
by Ceddy86
MATIC - one of the few remaningETH, AVAX, SOL, etc. have fallen healthily below their bull market trend lines, and some have even back-checked them and rolled over. The MATIC bull market looks different than these other players in that the bull market trendline (purple) is not at all a good guide for the price action in the time from then till now. It has, nonetheless be breached a few times now. The long orange line is the best trendline to use, it is a price channel capturing most of the MATIC bull market minus the initial first parabolic rally. MATIC is still holding it for now. MATIC is also not matching BTC's price action like the others, the general trends yes, but not the movement. That said, the vacation is over if we drop below 1.60.
FTX:MATICUSD
by culbert425