POLYGON - MATIC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 0.780000 USD

My targets

0.850000 USD (+2.41%)

0.920000 USD (+10.84%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLYGON - MATIC/USD as long as the price remains well above 0.780000 USD. The buyers' bullish objective is set at 0.850000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.920000 USD. If there is any crossing, the next objective would be the resistance located at 1.032857 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.6

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 rating is 0.830000 USD. On the day, this instrument gained +1.22% with the lowest point at 0.810000 USD and the highest point at 0.830000 USD. The deviation from the price is +2.47% for the low point and 0% for the high point.

0.810000

0.830000

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this POLYGON - MATIC/USD chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.694300	0.730000	0.780000	0.830000	0.850000	0.920000	1.032857
Change (%)	-16.35%	-12.05%	-6.02%	-	+2.41%	+10.84%	+24.44%
Change	-0.135700	-0.100000	-0.050000	-	+0.020000	+0.090000	+0.202857
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation 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):	50.28
MACD (12,26,9):	0.0022
Directional Movement:	-1.831148
AROON (14):	-64.285714
DEMA (21):	0.831973
Parabolic SAR (0,02-0,02-0,2):	0.899979
Elder Ray (13):	-0.002216
Super Trend (3,10):	0.762316
Zig ZAG (10):	0.820000
VORTEX (21):	1.0439
Stochastique (14,3,5):	26.67
TEMA (21):	0.811542
Williams %R (14):	-65.00
Chande Momentum Oscillator (20):	-0.100000
Repulse (5,40,3):	2.2402
ROCnROLL:	-1
TRIX (15,9):	0.2179
Courbe Coppock:	7.78

MA7:	0.807143
MA20:	0.840000
MA50:	0.811600
MA100:	0.683600
MAexp7:	0.816085
MAexp20:	0.823045
MAexp50:	0.787799
MAexp100:	0.739659
Price / MA7:	+2.83%
Price / MA20:	-1.19%
Price / MA50:	+2.27%
Price / MA100:	+21.42%
Price / MAexp7:	+1.71%
Price / MAexp20:	+0.85%
Price / MAexp50:	+5.36%
Price / MAexp100:	+12.21%

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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