POLYGON - MATIC/USD - 1H - Technical analysis published on 08/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.06 USD
My targets
1.11 USD (+3.46%)
1.14 USD (+6.07%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on POLYGON - MATIC/USD as long as the price remains well above 1.06 USD. The buyers' bullish objective is set at 1.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.14 USD. If there is any crossing, the next objective would be the resistance located at 1.63 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLYGON - MATIC/USD rating 1.07 USD. The price registered an increase of +1.91% on the session with the lowest point at 1.02 USD and the highest point at 1.08 USD. The deviation from the price is +4.90% for the low point and -0.93% for the high point.1.02
1.08
1.07
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 - MATIC/USD:
Technical
Technical analysis of POLYGON - MATIC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.94 | 1.00 | 1.06 | 1.07 | 1.11 | 1.14 | 1.63 |
| Change (%) | -12.27% | -6.82% | -0.87% | - | +3.46% | +6.07% | +52.34% |
| Change | -0.13 | -0.07 | -0.01 | - | +0.04 | +0.07 | +0.56 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 0.98 | 1.02 | 1.07 | 1.11 | 1.16 | 1.20 |
| Camarilla | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 |
| Woodie | 0.92 | 0.98 | 1.01 | 1.07 | 1.10 | 1.16 | 1.19 |
| Fibonacci | 0.98 | 1.02 | 1.04 | 1.07 | 1.11 | 1.13 | 1.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.70 | 0.79 | 0.94 | 1.03 | 1.18 | 1.27 | 1.42 |
| Camarilla | 1.01 | 1.04 | 1.06 | 1.08 | 1.10 | 1.12 | 1.15 |
| Woodie | 0.72 | 0.81 | 0.96 | 1.05 | 1.20 | 1.29 | 1.44 |
| Fibonacci | 0.79 | 0.89 | 0.94 | 1.03 | 1.13 | 1.18 | 1.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.18 | 0.40 | 0.74 | 0.96 | 1.30 | 1.52 | 1.86 |
| Camarilla | 0.93 | 0.98 | 1.03 | 1.08 | 1.13 | 1.18 | 1.23 |
| Woodie | 0.24 | 0.43 | 0.80 | 0.99 | 1.36 | 1.55 | 1.92 |
| Fibonacci | 0.40 | 0.61 | 0.75 | 0.96 | 1.17 | 1.31 | 1.52 |
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): | 50.04 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.81 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.99 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.04 | |
| Zig ZAG (10): | 1.01 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 55.48 | |
| TEMA (21): | 1.01 | |
| Williams %R (14): | -31.34 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.64 |
| MA7: | 0.99 | |
| MA20: | 0.92 | |
| MA50: | 1.10 | |
| MA100: | 1.18 | |
| MAexp7: | 1.01 | |
| MAexp20: | 1.01 | |
| MAexp50: | 1.01 | |
| MAexp100: | 1.00 | |
| Price / MA7: | +8.08% | |
| Price / MA20: | +16.30% | |
| Price / MA50: | -2.73% | |
| Price / MA100: | -9.32% | |
| Price / MAexp7: | +5.94% | |
| Price / MAexp20: | +5.94% | |
| Price / MAexp50: | +5.94% | |
| Price / MAexp100: | +7.00% |
Quotes :
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Real time data
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