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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSD
Total Profit: 7090 point (844%)
Closed trade(s): 7090 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%)
1 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 300 (36%) x 1 = 300 point (844%)
110 (13%) + 200 (24%) + 370 (44%) + 660 (79%) + 880 (105%) + 1110 (132%) + 1600 (190%) + 1860 (221%) = 7090 point (844%)

#MATICUSD
Total Profit: 7090 point (844%)
Closed trade(s): 7090 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%)
1 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 300 (36%) x 1 = 300 point (844%)
110 (13%) + 200 (24%) + 370 (44%) + 660 (79%) + 880 (105%) + 1110 (132%) + 1600 (190%) + 1860 (221%) = 7090 point (844%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 24, 2022 - 10:46
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.2450 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A trough is formed in daily chart at 0.500 on 05/12/2022, so more gains to resistance(s) 0.856, 1.035 and maximum to Major Resistance (1.245) 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 34.

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