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.
Bears are dominating Polygon market
Polygon (MATICUSD) Price Analysis – 24 July
Polygon must first get through the $0.76 resistance level before attempting to cross the $0.82 and $0.87 resistance levels. The market may move past the $0.70 support level and be exposed to the $0.64 and $0.56 levels if sellers are successful in unifying their forces.
Key Levels:
Resistance levels: $0.76, $0.82, $0.87
Support levels: $0.70, $0.64, $0.56
MATIC/USD Long-term Trend: Bearish
The outlook for MATIC/USD over the long run is bearish. The target of the price action, the double bottom chart pattern was achieved. In other words, the price reached the resistance level of $0.87 last week. The bullish momentum failed and the bears gained more power to drive the price down towards the previous low. Polygon is heading toward $0.70 support level at the moment.
MATIC is trading below both the 9- and 21-period exponential moving averages at close range, selling is advised. Polygon must first get through the $0.76 resistance level before attempting to cross the $0.82 and $0.87 resistance levels. The market may move past the $0.70 support level and be exposed to the $0.64 and $0.56 levels if sellers are successful in unifying their forces.
MATIC/USD Short-term Trend: Bearish
Polygon is on a bearish movement on a 4-hour time horizon. When the double bottom chart pattern appeared at the support level of $0.56, bulls took control of the Polygon market. The resistance level of $0.87 was tested as the price rose. For the past two weeks, that was our goal. The price declined and is currently attempting to fall below the $0.70 support level.
The price of Polygon is trading below the two EMAs. The 9-period EMA has crossed the 21-day EMA downside. The relative strength index’s period 14 signal line is pointing downward at level 32, signaling a sell.
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
