POLYGON (X10000) - MATIC/BTC - 1H - Technical analysis published on 08/16/2022 (GMT)
- 216
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 0.387098 BTC and 0.406994 BTC
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on POLYGON (X10000) - MATIC/BTC. It is difficult to advise a trading direction under these conditions. The first support is located at 0.387098 BTC. The first resistance is located at 0.406994 BTC. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLYGON (X10000) - MATIC/BTC rating 0.397694 BTC. On the day, this instrument gained +0.86% and was between 0.391919 BTC and 0.398796 BTC. This implies that the price is at +1.47% from its lowest and at -0.28% from its highest.0.391919
0.398796
0.397694
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLYGON (X10000) - MATIC/BTC:
Technical
A technical analysis in 1H of this POLYGON (X10000) - MATIC/BTC chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.350833 | 0.383397 | 0.387098 | 0.397694 | 0.398294 | 0.406994 | 0.415580 |
| Change (%) | -11.78% | -3.59% | -2.66% | - | +0.15% | +2.34% | +4.50% |
| Change | -0.046861 | -0.014297 | -0.010596 | - | +0.000600 | +0.009300 | +0.017886 |
| Level | Major | Intermediate | Minor | - | Major | Minor | 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 | 0.361204 | 0.376152 | 0.385220 | 0.400168 | 0.409236 | 0.424184 | 0.433252 |
| Camarilla | 0.387684 | 0.389885 | 0.392087 | 0.394288 | 0.396490 | 0.398691 | 0.400892 |
| Woodie | 0.358264 | 0.374682 | 0.382280 | 0.398698 | 0.406296 | 0.422714 | 0.430312 |
| Fibonacci | 0.376152 | 0.385326 | 0.390994 | 0.400168 | 0.409342 | 0.415010 | 0.424184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.349254 | 0.364246 | 0.391999 | 0.406991 | 0.434744 | 0.449736 | 0.477489 |
| Camarilla | 0.407997 | 0.411915 | 0.415834 | 0.419752 | 0.423670 | 0.427589 | 0.431507 |
| Woodie | 0.355635 | 0.367436 | 0.398380 | 0.410181 | 0.441125 | 0.452926 | 0.483870 |
| Fibonacci | 0.364246 | 0.380575 | 0.390662 | 0.406991 | 0.423320 | 0.433407 | 0.449736 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.074589 | 0.153412 | 0.275879 | 0.354702 | 0.477169 | 0.555992 | 0.678459 |
| Camarilla | 0.342992 | 0.361444 | 0.379895 | 0.398347 | 0.416799 | 0.435250 | 0.453702 |
| Woodie | 0.096412 | 0.164323 | 0.297702 | 0.365613 | 0.498992 | 0.566903 | 0.700282 |
| Fibonacci | 0.153412 | 0.230304 | 0.277809 | 0.354702 | 0.431594 | 0.479099 | 0.555992 |
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): | 51.11 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -6.112583 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.393803 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.391100 | |
| Elder Ray (13): | 0.000720 | |
| Super Trend (3,10): | 0.401240 | |
| Zig ZAG (10): | 0.398133 | |
| VORTEX (21): | 0.9714 | |
| Stochastique (14,3,5): | 57.16 | |
| TEMA (21): | 0.394202 | |
| Williams %R (14): | -18.58 | |
| Chande Momentum Oscillator (20): | 0.002430 | |
| Repulse (5,40,3): | 1.0182 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0970 | |
| Courbe Coppock: | 0.96 |
| MA7: | 0.397477 | |
| MA20: | 0.393336 | |
| MA50: | 0.345794 | |
| MA100: | 0.281243 | |
| MAexp7: | 0.395569 | |
| MAexp20: | 0.396812 | |
| MAexp50: | 0.400463 | |
| MAexp100: | 0.400582 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +15.01% | |
| Price / MA100: | +41.41% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.72% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLYGON (X10000) - MATIC/BTC - 1H