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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSDT
Total Profit: 7409 pip (883%)
Closed trade(s): 6760 pip Profit (806%)
Open trade(s): 649 pip Profit (77%)

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 @ 1.440 touched at 2021.08.12 with 600 pip Profit (72%).
TP5 @ 1.750 touched at 2021.09.05 with 910 pip Profit (108%).
TP6 @ 1.950 touched at 2021.10.28 with 1110 pip Profit (132%).
TP7 @ 2.440 touched at 2021.12.07 with 1600 pip Profit (191%).
TP8 @ 2.700 touched at 2021.12.23 with 1860 pip Profit (222%).
110 (13%) + 200 (24%) + 370 (44%) + 600 (72%) + 910 (108%) + 1110 (132%) + 1600 (191%) + 1860 (222%) = 6760 pip (806%)

Open Profit:
Profit for one trade is 1.489(current price) - 0.840(open price) = 649 pip (77%)
1 trade(s) still open, therefore total profit for open trade(s) is 649 (77%) x 1 = 649 pip (77%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.4400 is broken, we will close open trades.

DateJanuary 25, 2022 - 14:26
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.4400, resumption of uptrend is expected.
  • We make sure when the resistance at 2.9300 breaks.
  • If the support at 1.4400 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.4400 is broken.

Technical analysis:

  • The RSI support #1 at 39 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 2.45000 on 01/17/2022, so more losses minimum to Major Support (1.44000) 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 30.

Take Profits:

  1. 0.95000
  2. 1.04000
  3. 1.21000
  4. 1.44000
  5. 1.75000
  6. 1.95000
  7. 2.44000
  8. 2.70000
Click on the level to view price action history.

Symbol Released Current Forecast
Polygon (MATICUSD) Fri, 22 Mar 2024
Polygon (MATICUSD) Sun, 17 Mar 2024
Polygon (MATICUSD) Sun, 10 Mar 2024
Polygon (MATICUSD) Mon, 4 Mar 2024
Polygon (MATICUSD) Sun, 25 Feb 2024