POLYGON - MATIC/USDT - 1H - Technical analysis published on 01/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.780331 USDT
My targets
0.833078 USDT (+4.26%)
0.851127 USDT (+6.52%)
My analysis
The bullish trend is currently very strong on POLYGON - MATIC/USDT. As long as the price remains above the support at 0.780331 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.833078 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.851127 USDT as an objective. Crossing it would then enable buyers to target 0.920534 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.6
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This analysis was given by kathem389. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLYGON - MATIC/USDT rating 0.799010 USDT. The price has increased by +1.39% since the last closing with the lowest point at 0.783899 USDT and the highest point at 0.810193 USDT. The deviation from the price is +1.93% for the low point and -1.38% for the high point.0.783899
0.810193
0.799010
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLYGON - MATIC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.738085 | 0.764933 | 0.780331 | 0.799010 | 0.801126 | 0.851127 | 0.920534 |
| Change (%) | -7.63% | -4.26% | -2.34% | - | +0.26% | +6.52% | +15.21% |
| Change | -0.060925 | -0.034077 | -0.018679 | - | +0.002116 | +0.052117 | +0.121524 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
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 | 0.732853 | 0.744097 | 0.766089 | 0.777333 | 0.799325 | 0.810569 | 0.832561 |
| Camarilla | 0.778941 | 0.781988 | 0.785034 | 0.788081 | 0.791128 | 0.794174 | 0.797221 |
| Woodie | 0.738227 | 0.746784 | 0.771463 | 0.780020 | 0.804699 | 0.813256 | 0.837935 |
| Fibonacci | 0.744097 | 0.756793 | 0.764637 | 0.777333 | 0.790029 | 0.797873 | 0.810569 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.601508 | 0.646504 | 0.717293 | 0.762289 | 0.833078 | 0.878074 | 0.948863 |
| Camarilla | 0.756240 | 0.766854 | 0.777467 | 0.788081 | 0.798695 | 0.809308 | 0.819922 |
| Woodie | 0.614404 | 0.652952 | 0.730189 | 0.768737 | 0.845974 | 0.884522 | 0.961759 |
| Fibonacci | 0.646504 | 0.690734 | 0.718060 | 0.762289 | 0.806519 | 0.833845 | 0.878074 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.442388 | 0.596776 | 0.783774 | 0.938162 | 1.125160 | 1.279548 | 1.466546 |
| Camarilla | 0.876891 | 0.908185 | 0.939478 | 0.970772 | 1.002066 | 1.033359 | 1.064653 |
| Woodie | 0.458693 | 0.604929 | 0.800079 | 0.946315 | 1.141465 | 1.287701 | 1.482851 |
| Fibonacci | 0.596776 | 0.727186 | 0.807753 | 0.938162 | 1.068572 | 1.149139 | 1.279548 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 77.67 | |
| MACD (12,26,9): | 0.0103 | |
| Directional Movement: | 25.331196 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.807597 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.800310 | |
| Elder Ray (13): | 0.009477 | |
| Super Trend (3,10): | 0.790555 | |
| Zig ZAG (10): | 0.809308 | |
| VORTEX (21): | 1.2956 | |
| Stochastique (14,3,5): | 91.70 | |
| TEMA (21): | 0.809476 | |
| Williams %R (14): | -5.23 | |
| Chande Momentum Oscillator (20): | 0.020828 | |
| Repulse (5,40,3): | 0.6527 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1837 | |
| Courbe Coppock: | 5.19 |
| MA7: | 0.757281 | |
| MA20: | 0.806654 | |
| MA50: | 0.854190 | |
| MA100: | 0.805790 | |
| MAexp7: | 0.804317 | |
| MAexp20: | 0.793905 | |
| MAexp50: | 0.776690 | |
| MAexp100: | 0.764135 | |
| Price / MA7: | +5.51% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | -6.46% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +2.87% | |
| Price / MAexp100: | +4.56% |
Quotes :
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Real time data
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