POLYGON - MATIC/USD - 1H - Technical analysis published on 09/27/2021 (GMT)
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- 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
33%
28%
39%
My opinion
Neutral between 1.08 USD and 1.18 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on POLYGON - MATIC/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 1.08 USD. The first resistance is located at 1.18 USD. 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, technical indicators are neutral and are not able to influence the opinion of this analysis.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON - MATIC/USD rating is 1.13 USD. The price has increased by +0.00% since the last closing and was between 1.11 USD and 1.17 USD. This implies that the price is at +1.80% from its lowest and at -3.42% from its highest.1.11
1.17
1.13
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USD:
Technical
Technical analysis of this 1H chart of POLYGON - MATIC/USD indicates that the overall trend is slightly bearish. 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 market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 resistance of channel
Type : Bearish
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 | 0.89 | 1.02 | 1.08 | 1.13 | 1.18 | 1.25 | 1.34 |
| Change (%) | -21.24% | -9.73% | -4.42% | - | +4.42% | +10.62% | +18.58% |
| Change | -0.24 | -0.11 | -0.05 | - | +0.05 | +0.12 | +0.21 |
| Level | Minor | Intermediate | Major | - | Minor | Major | 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 | 0.90 | 0.97 | 1.04 | 1.11 | 1.18 | 1.25 | 1.32 |
| Camarilla | 1.08 | 1.09 | 1.11 | 1.12 | 1.13 | 1.15 | 1.16 |
| Woodie | 0.91 | 0.97 | 1.05 | 1.11 | 1.19 | 1.25 | 1.33 |
| Fibonacci | 0.97 | 1.02 | 1.05 | 1.11 | 1.16 | 1.19 | 1.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62 | 0.82 | 0.97 | 1.17 | 1.32 | 1.52 | 1.67 |
| Camarilla | 1.02 | 1.06 | 1.09 | 1.12 | 1.15 | 1.18 | 1.22 |
| Woodie | 0.60 | 0.81 | 0.95 | 1.16 | 1.30 | 1.51 | 1.65 |
| Fibonacci | 0.82 | 0.95 | 1.04 | 1.17 | 1.30 | 1.39 | 1.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.36 | 0.70 | 1.02 | 1.36 | 1.68 | 2.02 | 2.34 |
| Camarilla | 1.16 | 1.22 | 1.28 | 1.34 | 1.40 | 1.46 | 1.52 |
| Woodie | 0.35 | 0.70 | 1.01 | 1.36 | 1.67 | 2.02 | 2.33 |
| Fibonacci | 0.70 | 0.95 | 1.11 | 1.36 | 1.61 | 1.77 | 2.02 |
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): | 48.33 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.91 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.17 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.11 | |
| Zig ZAG (10): | 1.13 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 20.47 | |
| TEMA (21): | 1.13 | |
| Williams %R (14): | -75.44 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.94 |
| MA7: | 1.14 | |
| MA20: | 1.26 | |
| MA50: | 1.38 | |
| MA100: | 1.20 | |
| MAexp7: | 1.13 | |
| MAexp20: | 1.13 | |
| MAexp50: | 1.13 | |
| MAexp100: | 1.14 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -10.32% | |
| Price / MA50: | -18.12% | |
| Price / MA100: | -5.83% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -1.75% |
Quotes :
-
Real time data
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