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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSD
Total Profit: 7331 point (872%)
Closed trade(s): 6790 point Profit
Open trade(s): 541 point Profit

Trade Setup:
We opened 9 BUY trades @ 0.84 based on 'Valley' entry method at 2021-07-21.

Closed Profit:
TP1 @ 0.95 touched at 2021-07-23 with 110 point Profit. (13%)
TP2 @ 1.04 touched at 2021-07-26 with 200 point Profit. (24%)
TP3 @ 1.21 touched at 2021-08-11 with 370 point Profit. (44%)
TP4 @ 1.50 touched at 2021-08-13 with 660 point Profit. (79%)
TP5 @ 1.72 touched at 2021-09-04 with 880 point Profit. (105%)
TP6 @ 1.95 touched at 2021-10-28 with 1110 point Profit. (132%)
TP7 @ 2.44 touched at 2021-12-07 with 1600 point Profit. (190%)
TP8 @ 2.70 touched at 2021-12-23 with 1860 point Profit. (221%)
110 (13%) + 200 (24%) + 370 (44%) + 660 (79%) + 880 (105%) + 1110 (132%) + 1600 (190%) + 1860 (221%) = 6790 point (808%)

Open Profit:
Profit for one BUY trade is 1.381(current price) - 0.84(open price) = 541 point (64%)
1 trade(s) still open, therefore total profit for open trade(s) is 541 (64%) x 1 = 541 point (64%)

#MATICUSDT
Total Profit: 234 pip (16%)
Closed trade(s): 234 pip Profit (16%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 7 BUY trade(s) @ 1.467 based on 'Valley & Price Rejection from Major Support' entry method at 2022.03.16.

Closed Profit:
TP1 @ 1.701 touched at 2022.03.28 with 234 pip Profit (16%).

6 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.740 to 0.670). 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 (0.740)
  • Ending of entry zone (0.670)

DateApril 17, 2022 - 17:06
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.2100, resumption of uptrend is expected.
  • We make sure when the resistance at 1.7010 breaks.
  • If the support at 1.2100 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.306 on 2022-01-24 and the trough at 1.245 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 1.750 on 03/31/2022, so more losses to support(s) 1.381 and minimum to Major Support (1.210) 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 41.

Take Profits:

  1. 0.945
  2. 1.035
  3. 1.210
  4. 1.381
  5. 1.701
  6. 1.895
  7. 2.100
  8. 2.440
  9. 2.700
  10. 2.925
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