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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSDT
Total Profit: 8053 pip (960%)
Closed trade(s): 6790 pip Profit (810%)
Open trade(s): 1263 pip Profit (150%)

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%).
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%) + 660 (79%) + 880 (105%) + 1110 (132%) + 1600 (191%) + 1860 (222%) = 6790 pip (810%)

Open Profit:
Profit for one trade is 2.103(current price) - 0.840(open price) = 1263 pip (150%)
1 trade(s) still open, therefore total profit for open trade(s) is 1263 (150%) x 1 = 1263 pip (150%)

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 1.5000 is broken, we will close open trades.
DateJanuary 8, 2022 - 13:55
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.5000, resumption of uptrend is expected.
  • We make sure when the resistance at 2.9300 breaks.
  • If the support at 1.5000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.5000 is broken.

Technical analysis:

  • While the RSI support #1 at 39 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 2.93000 on 12/27/2021, so more losses to support(s) 1.95000, 1.80000, 1.72000 and minimum to Major Support (1.50000) 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 43.

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.