POLYGON - MATIC/USDT - 15 min. - Technical analysis published on 03/07/2024 (GMT)
- 143
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.13 USDT
My targets
1.16 USDT (+2.02%)
1.21 USDT (+5.88%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.13 USDT remains possible. It is advisable to trade POLYGON - MATIC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.13 USDT. The next bullish objective for buyers is set at 1.16 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.21 USDT. If there is any crossing, the next objective would be the resistance located at 1.29 USDT. PS: if there is a bearish break in the support located at 1.13 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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 trader_57583. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLYGON - MATIC/USDT rating 1.14 USDT. The price has increased by +1.79% since the last closing and was between 1.10 USDT and 1.15 USDT. This implies that the price is at +3.64% from its lowest and at -0.87% from its highest.1.10
1.15
1.14
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of POLYGON - MATIC/USDT indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.09 | 1.12 | 1.14 | 1.15 | 1.26 | 1.52 |
| Change (%) | -9.65% | -4.39% | -1.75% | - | +0.88% | +10.53% | +33.33% |
| Change | -0.11 | -0.05 | -0.02 | - | +0.01 | +0.12 | +0.38 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.90 | 0.95 | 1.03 | 1.08 | 1.16 | 1.21 | 1.29 |
| Camarilla | 1.08 | 1.10 | 1.11 | 1.12 | 1.13 | 1.14 | 1.16 |
| Woodie | 0.93 | 0.96 | 1.06 | 1.09 | 1.19 | 1.22 | 1.32 |
| Fibonacci | 0.95 | 1.00 | 1.03 | 1.08 | 1.13 | 1.16 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.86 | 0.91 | 1.00 | 1.05 | 1.14 | 1.19 | 1.28 |
| Camarilla | 1.05 | 1.06 | 1.08 | 1.09 | 1.10 | 1.12 | 1.13 |
| Woodie | 0.88 | 0.92 | 1.02 | 1.06 | 1.16 | 1.20 | 1.30 |
| Fibonacci | 0.91 | 0.96 | 1.00 | 1.05 | 1.10 | 1.14 | 1.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.49 | 0.63 | 0.81 | 0.95 | 1.13 | 1.27 | 1.45 |
| Camarilla | 0.91 | 0.94 | 0.97 | 1.00 | 1.03 | 1.06 | 1.09 |
| Woodie | 0.52 | 0.64 | 0.84 | 0.96 | 1.16 | 1.28 | 1.48 |
| Fibonacci | 0.63 | 0.75 | 0.82 | 0.95 | 1.07 | 1.14 | 1.27 |
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): | 65.16 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.16 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.15 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 71.28 | |
| TEMA (21): | 1.14 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.12 |
| MA7: | 1.09 | |
| MA20: | 1.03 | |
| MA50: | 0.90 | |
| MA100: | 0.88 | |
| MAexp7: | 1.14 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.13 | |
| MAexp100: | 1.12 | |
| Price / MA7: | +4.59% | |
| Price / MA20: | +10.68% | |
| Price / MA50: | +26.67% | |
| Price / MA100: | +29.55% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.88% | |
| Price / MAexp100: | +1.79% |
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 - MATIC/USDT - 15 min.