POLYGON - MATIC/USD - 1H - Technical analysis published on 11/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 0.930000 USD
My targets
0.996667 USD (+6.03%)
1.030000 USD (+9.57%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade POLYGON - MATIC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.930000 USD. The buyers' bullish objective is set at 0.996667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.030000 USD. If there is any crossing, the next objective would be the resistance located at 1.170000 USD. If there is a bearish break in the support located at 0.930000 USD some indecision would arise.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLYGON - MATIC/USD rating 0.940000 USD. The price registered an increase of +2.17% on the session and was traded between 0.910000 USD and 0.970000 USD over the period. The price is currently at +3.30% from its lowest and -3.09% from its highest.0.910000
0.970000
0.940000
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 1H chart of POLYGON - MATIC/USD indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.770000 | 0.830000 | 0.930000 | 0.940000 | 1.030000 | 1.170000 | 1.260000 |
| Change (%) | -18.09% | -11.70% | -1.06% | - | +9.57% | +24.47% | +34.04% |
| Change | -0.170000 | -0.110000 | -0.010000 | - | +0.090000 | +0.230000 | +0.320000 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.716667 | 0.773333 | 0.846667 | 0.903333 | 0.976667 | 1.033333 | 1.106667 |
| Camarilla | 0.884250 | 0.896167 | 0.908083 | 0.920000 | 0.931917 | 0.943833 | 0.955750 |
| Woodie | 0.725000 | 0.777500 | 0.855000 | 0.907500 | 0.985000 | 1.037500 | 1.115000 |
| Fibonacci | 0.773333 | 0.822993 | 0.853673 | 0.903333 | 0.952993 | 0.983673 | 1.033333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.173333 | 0.466667 | 0.703333 | 0.996667 | 1.233333 | 1.526667 | 1.763333 |
| Camarilla | 0.794250 | 0.842833 | 0.891417 | 0.940000 | 0.988583 | 1.037167 | 1.085750 |
| Woodie | 0.145000 | 0.452500 | 0.675000 | 0.982500 | 1.205000 | 1.512500 | 1.735000 |
| Fibonacci | 0.466667 | 0.669127 | 0.794207 | 0.996667 | 1.199127 | 1.324207 | 1.526667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.506667 | 0.613333 | 0.756667 | 0.863333 | 1.006667 | 1.113333 | 1.256667 |
| Camarilla | 0.831250 | 0.854167 | 0.877083 | 0.900000 | 0.922917 | 0.945833 | 0.968750 |
| Woodie | 0.525000 | 0.622500 | 0.775000 | 0.872500 | 1.025000 | 1.122500 | 1.275000 |
| Fibonacci | 0.613333 | 0.708833 | 0.767833 | 0.863333 | 0.958833 | 1.017833 | 1.113333 |
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): | 51.39 | |
| MACD (12,26,9): | 0.0072 | |
| Directional Movement: | 9.882370 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.949410 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.969000 | |
| Elder Ray (13): | 0.001855 | |
| Super Trend (3,10): | 0.898578 | |
| Zig ZAG (10): | 0.940000 | |
| VORTEX (21): | 1.0750 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 0.951785 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | -0.4874 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1377 | |
| Courbe Coppock: | 3.70 |
| MA7: | 0.954286 | |
| MA20: | 0.987000 | |
| MA50: | 0.886000 | |
| MA100: | 0.864500 | |
| MAexp7: | 0.944807 | |
| MAexp20: | 0.939394 | |
| MAexp50: | 0.932227 | |
| MAexp100: | 0.946052 | |
| Price / MA7: | -1.50% | |
| Price / MA20: | -4.76% | |
| Price / MA50: | +6.09% | |
| Price / MA100: | +8.73% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | -0.64% |
Quotes :
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Real time data
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