Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Polygon price tested $0.47 Support Level
Polygon (MATICUSD) Price Analysis – 12 June
When Polygon crosses the $0.64 resistance level, it can then cross the $0.70 and $0.76 resistance levels. The market may move past the $0.47 support level and be exposed to the $0.40 and $0.37 levels if sellers are successful in unifying their forces.
Key Levels:
Resistance levels: $0.64, $0.70, $0.76
Support levels: $0.47, $0.40, $0.37
MATIC/USD Long-term Trend: Bearish
MATIC/USD is bearish in the long-term outlook. When bears exerted more pressure on prices than buyers after the rejection at $1.31 level. The price reduced to the $0.82 support level due to additional bearish pressure. The sellers lose their pressure and could not reduce the price further. In the same way, buyers’ pressure is weak, and this lead to a ranging movement between $0.95 and $0.87 levels two weeks ago. Last week, Sellers’ pressure broke down $0.87 level and the price tested $0.47 and bounced back.
MATIC is currently trading below both the 9- and 21-period exponential moving averages indicating sell signal. When Polygon crosses the $0.64 resistance level, it can then cross the $0.70 and $0.76 resistance levels. The market may move past the $0.47 support level and be exposed to the $0.40 and $0.37 levels if sellers are successful in unifying their forces.
MATIC/USD Short-term Trend: Bearish
Polygon is on the bearish movement on a 4-hour time-frame. For more than five weeks, bears have controlled the MATIC market. On April 26, the price increase was halted at the $1.01 resistance level. It got closer to $0.87 as the price kept dropping. At $0.82, the primary objective was accomplished, but it failed to successfully break the level. Prices in the MATIC market are currently pulling back after testing the support level of $0.47.
The price of Polygon is trading below the two EMAs. The 9-period EMA is below the 21-day EMA. The relative strength index’s period 14 signal line is pointing upward at level 42, signaling a buy.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
