POL (PREV. MATIC) - POL/USDT - Daily - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.388768 USDT
My targets
0.470049 USDT (+9.31%)
0.571477 USDT (+32.90%)
My analysis
The current short-term bullish acceleration on POLYGON ECOSYSTEM TOKEN - POL/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.388768 USDT. Short-term buyers will use the resistance located at 0.470049 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.571477 USDT. Crossing this resistance would then open the door for buyers to target 0.722666 USDT. Caution, if there is a return to under 0.388768 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.4
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This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON ECOSYSTEM TOKEN - POL/USDT rating is 0.430001 USDT. The price has increased by +5.01% since the last closing and was between 0.403062 USDT and 0.430522 USDT. This implies that the price is at +6.68% from its lowest and at -0.12% from its highest.0.403062
0.430522
0.430001
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of POLYGON ECOSYSTEM TOKEN - POL/USDT indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.013396 | 0.388768 | 0.430001 | 0.470049 | 0.571477 | 0.722666 |
| Change (%) | -96.88% | -9.59% | - | +9.31% | +32.90% | +68.06% |
| Change | -0.416605 | -0.041233 | - | +0.040048 | +0.141476 | +0.292665 |
| Level | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.387849 | 0.395980 | 0.402741 | 0.410872 | 0.417633 | 0.425764 | 0.432525 |
| Camarilla | 0.405406 | 0.406771 | 0.408136 | 0.409501 | 0.410866 | 0.412231 | 0.413596 |
| Woodie | 0.387163 | 0.395638 | 0.402055 | 0.410530 | 0.416947 | 0.425422 | 0.431839 |
| Fibonacci | 0.395980 | 0.401669 | 0.405184 | 0.410872 | 0.416561 | 0.420076 | 0.425764 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.346825 | 0.359807 | 0.385583 | 0.398565 | 0.424341 | 0.437323 | 0.463099 |
| Camarilla | 0.400700 | 0.404252 | 0.407805 | 0.411358 | 0.414911 | 0.418464 | 0.422017 |
| Woodie | 0.353221 | 0.363006 | 0.391979 | 0.401764 | 0.430737 | 0.440522 | 0.469495 |
| Fibonacci | 0.359807 | 0.374613 | 0.383760 | 0.398565 | 0.413371 | 0.422518 | 0.437323 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057786 | 0.223305 | 0.322804 | 0.488323 | 0.587822 | 0.753341 | 0.852840 |
| Camarilla | 0.349422 | 0.373715 | 0.398009 | 0.422302 | 0.446595 | 0.470889 | 0.495182 |
| Woodie | 0.024775 | 0.206800 | 0.289793 | 0.471818 | 0.554811 | 0.736836 | 0.819829 |
| Fibonacci | 0.223305 | 0.324542 | 0.387087 | 0.488323 | 0.589560 | 0.652105 | 0.753341 |
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): | 58.01 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | 12.365553 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.398756 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.378460 | |
| Elder Ray (13): | 0.011432 | |
| Super Trend (3,10): | 0.445742 | |
| Zig ZAG (10): | 0.429877 | |
| VORTEX (21): | 1.0971 | |
| Stochastique (14,3,5): | 61.14 | |
| TEMA (21): | 0.410006 | |
| Williams %R (14): | -21.36 | |
| Chande Momentum Oscillator (20): | 0.024565 | |
| Repulse (5,40,3): | 8.8054 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3079 | |
| Courbe Coppock: | 13.73 |
| MA7: | 0.409803 | |
| MA20: | 0.394352 | |
| MA50: | 0.421578 | |
| MA100: | 0.469620 | |
| MAexp7: | 0.410813 | |
| MAexp20: | 0.404911 | |
| MAexp50: | 0.426558 | |
| MAexp100: | 0.483558 | |
| Price / MA7: | +4.93% | |
| Price / MA20: | +9.04% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | -8.44% | |
| Price / MAexp7: | +4.67% | |
| Price / MAexp20: | +6.20% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | -11.08% |
Quotes :
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Real time data
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Cryptocompare
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