POLYGON - MATIC/USD - 1H - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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:
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:
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
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.850000 | 0.880000 | 0.910000 | 0.940000 | 0.970000 | 1.000000 | 1.030000 |
| Camarilla | 0.923500 | 0.929000 | 0.934500 | 0.940000 | 0.945500 | 0.951000 | 0.956500 |
| Woodie | 0.850000 | 0.880000 | 0.910000 | 0.940000 | 0.970000 | 1.000000 | 1.030000 |
| Fibonacci | 0.880000 | 0.902920 | 0.917080 | 0.940000 | 0.962920 | 0.977080 | 1.000000 |
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 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 :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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