POLYGON - MATIC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

POLYGON - MATIC/USD - Weekly - Technical analysis published on 12/22/2023 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Neutral between 0.694300 USD and 1.032857 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.032857 USD. The first support is located at 0.694300 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by POLYGON - MATIC/USD.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The POLYGON - MATIC/USD price is 0.830000 USD. The price is lower by -2.35% over the 5 days and has been traded over the last 5 days between 0.750000 USD and 0.830000 USD. This implies that the 5 day price is +10.67% from its lowest point and 0% from its highest point.

0.750000

0.830000

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on POLYGON - MATIC/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of POLYGON - MATIC/USD in Weekly shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.500000	0.694300	0.830000	1.032857	1.525000	2.448000
Change (%)	-39.76%	-16.35%	-	+24.44%	+83.73%	+194.94%
Change	-0.330000	-0.135700	-	+0.202857	+0.695000	+1.618000
Level	Intermediate	Major	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.736667	0.753333	0.786667	0.803333	0.836667	0.853333	0.886667
Camarilla	0.806250	0.810833	0.815417	0.820000	0.824583	0.829167	0.833750
Woodie	0.745000	0.757500	0.795000	0.807500	0.845000	0.857500	0.895000
Fibonacci	0.753333	0.772433	0.784233	0.803333	0.822433	0.834233	0.853333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.663333	0.736667	0.793333	0.866667	0.923333	0.996667	1.053333
Camarilla	0.814250	0.826167	0.838083	0.850000	0.861917	0.873833	0.885750
Woodie	0.655000	0.732500	0.785000	0.862500	0.915000	0.992500	1.045000
Fibonacci	0.736667	0.786327	0.817007	0.866667	0.916327	0.947007	0.996667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.266667	0.453333	0.606667	0.793333	0.946667	1.133333	1.286667
Camarilla	0.666500	0.697667	0.728833	0.760000	0.791167	0.822333	0.853500
Woodie	0.250000	0.445000	0.590000	0.785000	0.930000	1.125000	1.270000
Fibonacci	0.453333	0.583213	0.663453	0.793333	0.923213	1.003453	1.133333

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.37
MACD (12,26,9):	0.0226
Directional Movement:	12.802159
AROON (14):	64.285714
DEMA (21):	0.751937
Parabolic SAR (0,02-0,02-0,2):	0.587643
Elder Ray (13):	0.034844
Super Trend (3,10):	0.545613
Zig ZAG (10):	0.820000
VORTEX (21):	1.0287
Stochastique (14,3,5):	75.96
TEMA (21):	0.825973
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	0.250000
Repulse (5,40,3):	3.6153
ROCnROLL:	1
TRIX (15,9):	-0.4475
Courbe Coppock:	94.51

MA7:	0.807143
MA20:	0.840000
MA50:	0.811600
MA100:	0.683600
MAexp7:	0.813673
MAexp20:	0.746429
MAexp50:	0.795716
MAexp100:	0.846172
Price / MA7:	+2.83%
Price / MA20:	-1.19%
Price / MA50:	+2.27%
Price / MA100:	+21.42%
Price / MAexp7:	+2.01%
Price / MAexp20:	+11.20%
Price / MAexp50:	+4.31%
Price / MAexp100:	-1.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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