POLYGON - MATIC/USD - Daily - Technical analysis published on 03/24/2022 (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
83%
0%
17%
My opinion
Bullish above 1.51 USD
My targets
2.05 USD (+26.54%)
2.13 USD (+31.48%)
My analysis
The strong short-term increase of POLYGON - MATIC/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.51 USD, a purchase could be considered. The first bullish objective is located at 2.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2.13 USD. If there is any crossing, the next objective would be the resistance at 2.45 USD. Caution, if there is a return under 1.51 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
3.8
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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 rating is 1.62 USD. On the day, this instrument gained +3.85% and was between 1.55 USD and 1.64 USD. This implies that the price is at +4.52% from its lowest and at -1.22% from its highest.1.55
1.64
1.62
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of POLYGON - MATIC/USD in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. 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 : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.04 | 1.22 | 1.51 | 1.62 | 2.13 | 2.45 | 2.88 |
| Change (%) | -35.80% | -24.69% | -6.79% | - | +31.48% | +51.23% | +77.78% |
| Change | -0.58 | -0.40 | -0.11 | - | +0.51 | +0.83 | +1.26 |
| Level | Major | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.43 | 1.46 | 1.51 | 1.54 | 1.59 | 1.62 | 1.67 |
| Camarilla | 1.54 | 1.55 | 1.55 | 1.56 | 1.57 | 1.58 | 1.58 |
| Woodie | 1.44 | 1.47 | 1.52 | 1.55 | 1.60 | 1.63 | 1.68 |
| Fibonacci | 1.46 | 1.49 | 1.51 | 1.54 | 1.57 | 1.59 | 1.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.18 | 1.26 | 1.39 | 1.47 | 1.60 | 1.68 | 1.81 |
| Camarilla | 1.47 | 1.49 | 1.51 | 1.53 | 1.55 | 1.57 | 1.59 |
| Woodie | 1.22 | 1.27 | 1.43 | 1.48 | 1.64 | 1.69 | 1.85 |
| Fibonacci | 1.26 | 1.34 | 1.39 | 1.47 | 1.55 | 1.60 | 1.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.39 | 0.82 | 1.22 | 1.65 | 2.05 | 2.48 | 2.88 |
| Camarilla | 1.39 | 1.47 | 1.54 | 1.62 | 1.70 | 1.77 | 1.85 |
| Woodie | 0.38 | 0.81 | 1.21 | 1.64 | 2.04 | 2.47 | 2.87 |
| Fibonacci | 0.82 | 1.14 | 1.33 | 1.65 | 1.97 | 2.16 | 2.48 |
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): | 58.54 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.72 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.33 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 1.66 | |
| Zig ZAG (10): | 1.62 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 91.70 | |
| TEMA (21): | 1.53 | |
| Williams %R (14): | -6.45 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 8.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 10.46 |
| MA7: | 1.52 | |
| MA20: | 1.46 | |
| MA50: | 1.58 | |
| MA100: | 1.86 | |
| MAexp7: | 1.53 | |
| MAexp20: | 1.50 | |
| MAexp50: | 1.58 | |
| MAexp100: | 1.68 | |
| Price / MA7: | +6.58% | |
| Price / MA20: | +10.96% | |
| Price / MA50: | +2.53% | |
| Price / MA100: | -12.90% | |
| Price / MAexp7: | +5.88% | |
| Price / MAexp20: | +8.00% | |
| Price / MAexp50: | +2.53% | |
| Price / MAexp100: | -3.57% |
Quotes :
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Real time data
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