a pleasure to be here again with everyone in my last task of the week S6T4 in this great competition where I will be in the Team Investors-Team group with the teacher @pelon53, I come to demonstrate what I learned in the academy during all this time later tomorrow I will upload my form for google. without more to say we start with the development.

MATIC/USDT:

Matic is a project that was born to compete with large networks in the digital world as it has a great speed, scalability, security and comfort, it was created by the developer Jaynti Kanani, Sandeep Nailwal and Anurag Arjun in the year 2017, they worked hard to improve the problems that other networks had, especially the scalability, speed, and charging rates.

Matic in turn is developed under the polygon technology a chain of the blockchain works with proof of stake (Pos) as a consensus mechanism. it is very easy to use as it uses a more attractive network structure for those who start developing their projects on this blockchain.

Matic is an ERC20 token is used to actively participate in the proof of stake consensus protocol thus providing the security that all users need most of all the confidence to use this token, the token is also used to pay the commissions generated by each transaction, it is also compatible with various types of protocols and consensus.

we can see MATIC in coinmarketcap at the following price.

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Current markets:

Currently we see that MATIC/USDT is in several important markets within the digital cryptographic ecosystem for its high volatility and acceptance by the community, thus we see how MATIC is in Binance, kucoin, kraken, bitfinex, bybit, gate, etc. is accepted in various trade around the world and transactions are very fast and is a solid project with a future purpose something that can be seen to differentiate fake projects from real ones.

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Why are you optimistic about this token today?

I am optimistic about MATIC because of several factors, first of all because it is a great project because something very important that the developers of the MATIC token took into account was scalability, Another thing that they took into account was the transaction speed and the block creation in just 2 seconds, we see that it also works with a participation protocol which makes it more important to accumulate the token because everyone wants to participate and have a vote but the one who has more token is the one who has more voting power, that is to say that the token has a purpose and not like other tokens that only create them and serve for nothing.

I see a strong token in the future because its consensus protocol helps to prevent global warming, that is to say it works with participation and not with work protocol like bitcoin that needs sophisticated machines that need maintenance, electric energy and these produce heat that damages our environment.

How high do you think it can go?

In order to define how much matic can cost I am going to make a technical analysis based on a daily chart, so we can determine trends and speculate the market for the coming months.

first we will draw the most important support and resistance lines in green to define the trend we can clearly say that in the daily chart is in a downtrend in an area where it has found much resistance to continue falling in the support of $ 1.575 therefore whenever it touches that area the price bounces in the opposite direction.

right now it is below or rather in the middle of the ichimoku cloud which indicates to me the exhaustion of the downtrend and that a change of trend is approaching in 1 to 2 months, my speculation is reflected in the 3 yellow lines with the arrows will have a move up to the resistance 2. 452$ trying to break and perhaps bouncing normally to the average and then resume the rise with strength and a firm direction breaking that resistance and reaching the next target of 2.892$, therefore I see that in the course of 2 months this could happen.

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Real money trading of MATIC/USDT

In the following chart I found the formation of a green engulfing candle which I started trading, that is to say if I broke that resistance with force the price changed the direction, therefore the force that brings is high and I decided to operate with a 1:1 risk management taking the entry point with the spot method with the scalping strategy.

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As it developed my market analysis was optimal we see a moderate strength in buyers. therefore I decided to trade the market from that point and I noticed the formation of the Eliot wave therefore the pattern was clear I had to trade until the next high volume resistance and placing the stop loss below the previous support I took the management at risk 1:1 and gave me right at the point where the operation was completed successfully.

I drew the Eliot's wave and took entry and exit points in profits thus traded very quickly all this learned in the academy so we see that the price remains above the cloud of ichimoku in the time frame of 15min which creates a very important support in that area also indicates that the strength right now have the buyers hope then to correct after the exit point the price will touch the average to return to the 4 wave of Eliot and then to the 5 wave of Eliot.

We see that the force remains low turn to the opposite direction therefore this is the indication to trade down again the RSI touched me the band of 70 to define that a correction is approaching I confirm the two indicators plus the Eliot wave. this very clear operation thus indicating the mastery of the subject on the charts.

I bought 61.6 MATIC for this trade for a total of 100 USDT.

MATIC/USDT Buy 1.623, 1.689, +$0.066.

MATIC/USDT Buy 100, 103.9334, +$3.9334.

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Do you recommend everyone to buy it? Reasons to recommend or not to recommend

I am not a financial advisor to say buy or sell Matic but I can suggest that it is at a point where you can buy on a daily basis to keep in the future for months or years this in the daily and weekly. for trading in 5min with the proposed strategy of scalping if it is highly recommended to buy and trade in spot futures or margin, as this market is not manipulable by large companies engaged in moving large markets such as btc.

in addition to the project is great scalable and has good uses MATIC usually right now you can mint NFT for the polygon network in a very economical way up to 10,000 NFT without problems which I myself am using to mint my N that I am creating. I really like this platform for its volatility security and ingenuity when developing it thought of everything something that fascinates me and like me to many investors and communities.

Conclusion:

I have made my operation for this week's competition is number 4 therefore we are talking about MATIC/USDT a highly recommended project for all, for its great project that I mentioned before, very professional, and innovative the period used is 5min with a strategy called scalping in the spot wallet, I could differentiate in several temporalities the trend of MATIC in order to identify the supports resistances and locate the entry point in operation. Currently in the daily as I said it is in an important range with a resistance to find the trend as it always comes to an important area to bounce on it in that support.

Indicators are very important when trading as they tell us what position the asset is in during the time and price, if there is any overbought or oversold if there is interest from buyers or sellers, we can also see how the patterns are formed on the chart such as eliot waves or composite man. The most important thing I like about Matic is that it is very difficult to manipulate, you would need 51% of the asset to be able to make any significant market manipulation.

Thank you for your attention:

Cc:
@pelon53