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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSDT
Total Profit: 5556 pip (661%)
Closed trade(s): 3330 pip Profit (397%)
Open trade(s): 2226 pip Profit (264%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.840 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 0.950 touched at 2021.07.23 with 110 pip Profit (13%).
TP2 @ 1.040 touched at 2021.07.26 with 200 pip Profit (24%).
TP3 @ 1.210 touched at 2021.08.11 with 370 pip Profit (44%).
TP4 @ 1.500 touched at 2021.08.13 with 660 pip Profit (79%).
TP5 @ 1.720 touched at 2021.09.04 with 880 pip Profit (105%).
TP6 @ 1.950 touched at 2021.10.28 with 1110 pip Profit (132%).
110 (13%) + 200 (24%) + 370 (44%) + 660 (79%) + 880 (105%) + 1110 (132%) = 3330 pip (397%)

Open Profit:
Profit for one trade is 1.582(current price) - 0.840(open price) = 742 pip (88%)
3 trade(s) still open, therefore total profit for open trade(s) is 742 (88%) x 3 = 2226 pip (264%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.74000 to 0.67000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.74000)
  • Ending of entry zone (0.67000)
DateNovember 23, 2021 - 11:18
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.5000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.45000 on 11/18/2021, so more gains to resistance(s) 1.72000, 1.80000, 1.95000 and more heights is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Take Profits:

  1. 0.95000
  2. 1.04000
  3. 1.21000
  4. 1.50000
  5. 1.72000
  6. 1.95000
  7. 2.44000
  8. 2.70000
Click on the level to view price action history.
Symbol Released Current Forecast
Polygon (MATICUSD) new Tue, 16 Apr 2024
Polygon (MATICUSD) Mon, 15 Apr 2024
Polygon (MATICUSD) Mon, 15 Apr 2024
Polygon (MATICUSD) Sun, 14 Apr 2024
Polygon (MATICUSD) Sat, 6 Apr 2024
History
Daily-Trading-Opportunities on MATICUSD.