POLYGON - MATIC/USD - Daily - Technical analysis published on 02/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 1.93 USD
My targets
1.74 USD (-5.43%)
1.50 USD (-18.48%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.93 USD remains possible. It is advisable to trade POLYGON - MATIC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.93 USD. The next bearish objective for sellers is set at 1.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.50 USD. In case of crossing, the next objective would be the support located at 1.04 USD. PS: if there is a bullish break in the resistance located at 1.93 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.2
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This analysis was given by sprangs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON - MATIC/USD rating is 1.84 USD. On the day, this instrument lost -3.16% with the lowest point at 1.82 USD and the highest point at 1.90 USD. The deviation from the price is +1.10% for the low point and -3.16% for the high point.1.82
1.90
1.84
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of POLYGON - MATIC/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.04 | 1.50 | 1.74 | 1.84 | 1.93 | 2.13 | 2.45 |
| Change (%) | -43.48% | -18.48% | -5.43% | - | +4.89% | +15.76% | +33.15% |
| Change | -0.80 | -0.34 | -0.10 | - | +0.09 | +0.29 | +0.61 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.68 | 1.78 | 1.84 | 1.94 | 2.00 | 2.10 | 2.16 |
| Camarilla | 1.86 | 1.87 | 1.89 | 1.90 | 1.92 | 1.93 | 1.94 |
| Woodie | 1.66 | 1.77 | 1.82 | 1.93 | 1.98 | 2.09 | 2.14 |
| Fibonacci | 1.78 | 1.84 | 1.88 | 1.94 | 2.00 | 2.04 | 2.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 1.37 | 1.54 | 1.65 | 1.82 | 1.93 | 2.10 |
| Camarilla | 1.63 | 1.66 | 1.68 | 1.71 | 1.74 | 1.76 | 1.79 |
| Woodie | 1.29 | 1.39 | 1.57 | 1.67 | 1.85 | 1.95 | 2.13 |
| Fibonacci | 1.37 | 1.48 | 1.54 | 1.65 | 1.76 | 1.82 | 1.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.18 | 0.56 | 1.11 | 1.85 | 2.40 | 3.14 | 3.69 |
| Camarilla | 1.30 | 1.41 | 1.53 | 1.65 | 1.77 | 1.89 | 2.01 |
| Woodie | -0.29 | 0.51 | 1.01 | 1.80 | 2.30 | 3.09 | 3.59 |
| Fibonacci | 0.56 | 1.06 | 1.36 | 1.85 | 2.35 | 2.65 | 3.14 |
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): | 51.66 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 3.06 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.44 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 1.45 | |
| Zig ZAG (10): | 1.87 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 76.67 | |
| TEMA (21): | 1.84 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6600 | |
| Courbe Coppock: | 32.14 |
| MA7: | 1.89 | |
| MA20: | 1.71 | |
| MA50: | 2.06 | |
| MA100: | 2.00 | |
| MAexp7: | 1.88 | |
| MAexp20: | 1.83 | |
| MAexp50: | 1.92 | |
| MAexp100: | 1.91 | |
| Price / MA7: | -2.65% | |
| Price / MA20: | +7.60% | |
| Price / MA50: | -10.68% | |
| Price / MA100: | -8.00% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | -4.17% | |
| Price / MAexp100: | -3.66% |
Quotes :
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Real time data
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