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.
Bulls are trying to defend $0.49 level
Polygon (MATICUSD) Price Analysis – 18 September
Before attempting to cross the $0.64 and $0.70 resistance levels, Polygon must first overcome the $0.56 resistance level. If sellers are successful in uniting their forces, the market may move past the $0.49 support level and be exposed to the $0.33 and $0.27 levels.
Key Levels:
Resistance levels: $0.56, $0.64, $0.70
Support levels: $0.49, $0.33, $0.27
MATIC/USD Long-term Trend: Bearish
Over the long term, MATIC/USD has an unfavorable outlook. The price is currently approaching the previous low from June. The price rose to a high of the $0.87 barrier level due to the upward momentum, at which point the bearish trend began. Despite purchasers’ attempts to compete with sellers throughout the previous three weeks at the $0.56 level, the price has dropped even more. From the $0.49 level this week, Polygon might move to the north.
Since MATIC is currently trading below both the 9- and 21-period exponential moving averages, selling is suggested. Before attempting to cross the $0.64 and $0.70 resistance levels, Polygon must first overcome the $0.56 resistance level. If sellers are successful in uniting their forces, the market may move past the $0.49 support level and be exposed to the $0.33 and $0.27 levels.
MATIC/USD Short-term Trend: Bearish
Polygon is trending downward on a 4-hour time horizon. The price action is attempting to create a double bottom chart pattern on the 4-hour time frame at $0.49. It appears that retailers are having difficulty raising the price to $0.49. As selling competed against the bulls, the price may decline and test the $0.49 level. The price is now being lowered by the sellers.
At the moment, Polygon’s price is trading slightly above the two EMAs. The 9-period EMA is crossing downward the 21-day EMA. The relative strength index’s period 14 signal line is pointing higher at level 51, signaling a buy.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus