POLYGON - MATIC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

POLYGON - MATIC/USD - Daily - Technical analysis published on 09/30/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

50%

44%

My opinion

Bearish under 0.876667 USD

My targets

0.688600 USD (-11.72%)

0.576667 USD (-26.07%)

My analysis

In the short term, we can see an acceleration in the bearish trend on POLYGON - MATIC/USD, which is a positive signal for sellers. As long as the price remains above 0.876667 USD, a sale could be considered. The first bearish objective is located at 0.688600 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.576667 USD as an objective. Crossing it would then enable sellers to target 0.460000 USD. If the price were to return above 0.876667 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.9

Comment on the 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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

POLYGON - MATIC/USD rating 0.780000 USD. On the day, this instrument gained +2.63% with the lowest point at 0.760000 USD and the highest point at 0.780000 USD. The deviation from the price is +2.63% for the low point and 0% for the high point.

0.760000

0.780000

Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USD:

Technical

A technical analysis in Daily of this POLYGON - MATIC/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.338500	0.460000	0.688600	0.780000	1.035000	1.332000	1.530000
Change (%)	-56.60%	-41.03%	-11.72%	-	+32.69%	+70.77%	+96.15%
Change	-0.441500	-0.320000	-0.091400	-	+0.255000	+0.552000	+0.750000
Level	Major	Minor	Major	-	Minor	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	0.696667	0.713333	0.736667	0.753333	0.776667	0.793333	0.816667
Camarilla	0.749000	0.752667	0.756333	0.760000	0.763667	0.767333	0.771000
Woodie	0.700000	0.715000	0.740000	0.755000	0.780000	0.795000	0.820000
Fibonacci	0.713333	0.728613	0.738053	0.753333	0.768613	0.778053	0.793333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.530000	0.610000	0.680000	0.760000	0.830000	0.910000	0.980000
Camarilla	0.708750	0.722500	0.736250	0.750000	0.763750	0.777500	0.791250
Woodie	0.525000	0.607500	0.675000	0.757500	0.825000	0.907500	0.975000
Fibonacci	0.610000	0.667300	0.702700	0.760000	0.817300	0.852700	0.910000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.403333	0.576667	0.703333	0.876667	1.003333	1.176667	1.303333
Camarilla	0.747500	0.775000	0.802500	0.830000	0.857500	0.885000	0.912500
Woodie	0.380000	0.565000	0.680000	0.865000	0.980000	1.165000	1.280000
Fibonacci	0.576667	0.691267	0.762067	0.876667	0.991267	1.062067	1.176667

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):	48.38
MACD (12,26,9):	-0.0236
Directional Movement:	-4.106864
AROON (14):	-21.428572
DEMA (21):	0.749366
Parabolic SAR (0,02-0,02-0,2):	0.794796
Elder Ray (13):	0.002017
Super Trend (3,10):	0.882656
Zig ZAG (10):	0.780000
VORTEX (21):	0.9245
Stochastique (14,3,5):	46.08
TEMA (21):	0.737720
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.030000
Repulse (5,40,3):	5.9024
ROCnROLL:	-1
TRIX (15,9):	-0.4584
Courbe Coppock:	18.39

MA7:	0.754286
MA20:	0.787500
MA50:	0.830200
MA100:	0.781500
MAexp7:	0.760737
MAexp20:	0.780664
MAexp50:	0.804752
MAexp100:	0.823506
Price / MA7:	+3.41%
Price / MA20:	-0.95%
Price / MA50:	-6.05%
Price / MA100:	-0.19%
Price / MAexp7:	+2.53%
Price / MAexp20:	-0.09%
Price / MAexp50:	-3.08%
Price / MAexp100:	-5.28%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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