POLYGON - MATIC/USD
POLYGON - MATIC/USD
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Type: Cryptocurrencies
Ticker: MATICUSD
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POLYGON - MATIC/USD - 1H - Technical analysis published on 11/16/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.930000 USD
My targets
0.863333 USD (-3.00%)
0.830000 USD (-6.74%)
My analysis
The bearish trend is currently very strong for POLYGON - MATIC/USD. As long as the price remains below the resistance at 0.930000 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.863333 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.830000 USD as an objective. Crossing it would then enable sellers to target 0.770000 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7

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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The POLYGON - MATIC/USD price is 0.890000 USD. The price registered a decrease of -5.32% on the session with the lowest point at 0.880000 USD and the highest point at 0.960000 USD. The deviation from the price is +1.14% for the low point and -7.29% for the high point.

0.880000
0.960000
0.890000

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of POLYGON - MATIC/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.700000 0.770000 0.830000 0.890000 0.930000 1.030000 1.170000
Change (%) -21.35% -13.48% -6.74% - +4.49% +15.73% +31.46%
Change -0.190000 -0.120000 -0.060000 - +0.040000 +0.140000 +0.280000
Level Major Major Minor - Major Major Intermediate



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
Standard0.8500000.8800000.9100000.9400000.9700001.0000001.030000
Camarilla0.9235000.9290000.9345000.9400000.9455000.9510000.956500
Woodie0.8500000.8800000.9100000.9400000.9700001.0000001.030000
Fibonacci0.8800000.9029200.9170800.9400000.9629200.9770801.000000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1733330.4666670.7033330.9966671.2333331.5266671.763333
Camarilla0.7942500.8428330.8914170.9400000.9885831.0371671.085750
Woodie0.1450000.4525000.6750000.9825001.2050001.5125001.735000
Fibonacci0.4666670.6691270.7942070.9966671.1991271.3242071.526667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5066670.6133330.7566670.8633331.0066671.1133331.256667
Camarilla0.8312500.8541670.8770830.9000000.9229170.9458330.968750
Woodie0.5250000.6225000.7750000.8725001.0250001.1225001.275000
Fibonacci0.6133330.7088330.7678330.8633330.9588331.0178331.113333

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): 31.07
MACD (12,26,9): -0.0119
Directional Movement: -19.857436
AROON (14): -92.857143
DEMA (21): 0.902665
Parabolic SAR (0,02-0,02-0,2): 0.931807
Elder Ray (13): -0.018424
Super Trend (3,10): 0.926732
Zig ZAG (10): 0.890000
VORTEX (21): 0.8261
Stochastique (14,3,5): 8.93
TEMA (21): 0.890764
Williams %R (14): -85.71
Chande Momentum Oscillator (20): -0.060000
Repulse (5,40,3): -0.9140
ROCnROLL: 2
TRIX (15,9): -0.1035
Courbe Coppock: 9.21
MA7: 0.965714
MA20: 0.986500
MA50: 0.889000
MA100: 0.864200
MAexp7: 0.898622
MAexp20: 0.915494
MAexp50: 0.924329
MAexp100: 0.938624
Price / MA7: -7.84%
Price / MA20: -9.78%
Price / MA50: +0.11%
Price / MA100: +2.99%
Price / MAexp7: -0.96%
Price / MAexp20: -2.78%
Price / MAexp50: -3.71%
Price / MAexp100: -5.18%

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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