POLYGON - MATIC/USD - 1H - Technical analysis published on 09/30/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.11 USD
My targets
1.17 USD (+4.46%)
1.23 USD (+9.82%)
My analysis
A bullish trend on POLYGON - MATIC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.11 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.17 USD. Then the price could move towards 1.23 USD. Then 1.25 USD by extension. Be careful, a return below 1.11 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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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
The POLYGON - MATIC/USD price is 1.12 USD. The price has increased by +1.82% since the last closing with the lowest point at 1.09 USD and the highest point at 1.15 USD. The deviation from the price is +2.75% for the low point and -2.61% for the high point.1.09
1.15
1.12
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of POLYGON - MATIC/USD in 1H shows an overall bullish trend. 64.29% 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. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.06 | 1.08 | 1.11 | 1.12 | 1.17 | 1.23 | 1.25 |
| Change (%) | -5.36% | -3.57% | -0.89% | - | +4.46% | +9.82% | +11.61% |
| Change | -0.06 | -0.04 | -0.01 | - | +0.05 | +0.11 | +0.13 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 0.99 | 1.01 | 1.06 | 1.08 | 1.13 | 1.15 | 1.20 |
| Camarilla | 1.08 | 1.09 | 1.09 | 1.10 | 1.11 | 1.11 | 1.12 |
| Woodie | 1.00 | 1.02 | 1.07 | 1.09 | 1.14 | 1.16 | 1.21 |
| Fibonacci | 1.01 | 1.04 | 1.06 | 1.08 | 1.11 | 1.13 | 1.15 |
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 | 0.73 | 0.99 | 1.17 | 1.43 | 1.61 | 1.87 | 2.05 |
| Camarilla | 1.22 | 1.26 | 1.30 | 1.34 | 1.38 | 1.42 | 1.46 |
| Woodie | 0.68 | 0.97 | 1.12 | 1.41 | 1.56 | 1.85 | 2.00 |
| Fibonacci | 0.99 | 1.16 | 1.27 | 1.43 | 1.60 | 1.71 | 1.87 |
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): | 53.03 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.62 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.14 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.10 | |
| Zig ZAG (10): | 1.12 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 40.04 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.86 |
| MA7: | 1.10 | |
| MA20: | 1.22 | |
| MA50: | 1.37 | |
| MA100: | 1.20 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.11 | |
| MAexp50: | 1.10 | |
| MAexp100: | 1.11 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | -8.20% | |
| Price / MA50: | -18.25% | |
| Price / MA100: | -6.67% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +0.90% |
Quotes :
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Real time data
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