POLYGON - MATIC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

POLYGON - MATIC/USD - Weekly - Technical analysis published on 01/12/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.694300 USD

My targets

1.032857 USD (+13.50%)

1.527778 USD (+67.89%)

My analysis

POLYGON - MATIC/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.694300 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.032857 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.527778 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.448000 USD. Beware of a possible return to under the support located at 0.694300 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.8

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

POLYGON - MATIC/USD rating 0.910000 USD. The price registered an increase of +9.64% over 5 days and has been traded over the last 5 days between 0.740000 USD and 0.930000 USD. This implies that the 5 day price is +22.97% from its lowest point and -2.15% from its highest point.

0.740000

0.930000

0.910000

Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USD:

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

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this POLYGON - MATIC/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.500000	0.694300	0.910000	1.032857	1.527778	2.448000
Change (%)	-45.05%	-23.70%	-	+13.50%	+67.89%	+169.01%
Change	-0.410000	-0.215700	-	+0.122857	+0.617778	+1.538000
Level	Intermediate	Major	-	Intermediate	Intermediate	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	0.806667	0.843333	0.886667	0.923333	0.966667	1.003333	1.046667
Camarilla	0.908000	0.915333	0.922667	0.930000	0.937333	0.944667	0.952000
Woodie	0.810000	0.845000	0.890000	0.925000	0.970000	1.005000	1.050000
Fibonacci	0.843333	0.873893	0.892773	0.923333	0.953893	0.972773	1.003333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.513333	0.656667	0.743333	0.886667	0.973333	1.116667	1.203333
Camarilla	0.766750	0.787833	0.808917	0.830000	0.851083	0.872167	0.893250
Woodie	0.485000	0.642500	0.715000	0.872500	0.945000	1.102500	1.175000
Fibonacci	0.656667	0.744527	0.798807	0.886667	0.974527	1.028807	1.116667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.443333	0.596667	0.783333	0.936667	1.123333	1.276667	1.463333
Camarilla	0.876500	0.907667	0.938833	0.970000	1.001167	1.032333	1.063500
Woodie	0.460000	0.605000	0.800000	0.945000	1.140000	1.285000	1.480000
Fibonacci	0.596667	0.726547	0.806787	0.936667	1.066547	1.146787	1.276667

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.53
MACD (12,26,9):	0.0404
Directional Movement:	12.666939
AROON (14):	78.571429
DEMA (21):	0.816594
Parabolic SAR (0,02-0,02-0,2):	0.659985
Elder Ray (13):	0.038000
Super Trend (3,10):	0.562169
Zig ZAG (10):	0.910000
VORTEX (21):	1.0814
Stochastique (14,3,5):	66.67
TEMA (21):	0.895084
Williams %R (14):	-30.51
Chande Momentum Oscillator (20):	0.300000
Repulse (5,40,3):	0.7893
ROCnROLL:	1
TRIX (15,9):	0.1184
Courbe Coppock:	112.66

MA7:	0.860000
MA20:	0.915000
MA50:	0.858800
MA100:	0.764300
MAexp7:	0.856911
MAexp20:	0.784255
MAexp50:	0.806709
MAexp100:	0.848906
Price / MA7:	+5.81%
Price / MA20:	-0.55%
Price / MA50:	+5.96%
Price / MA100:	+19.06%
Price / MAexp7:	+6.20%
Price / MAexp20:	+16.03%
Price / MAexp50:	+12.80%
Price / MAexp100:	+7.20%

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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