POLYGON - MATIC/USD - 1H - Technical analysis published on 11/18/2022 (GMT)
- 225
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.930000 USD
My targets
0.860000 USD (-3.37%)
0.830000 USD (-6.74%)
My analysis
The basic trend is bearish on POLYGON - MATIC/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.930000 USD. Buyers would then use the next resistance located at 0.996667 USD as an objective. Crossing it would then enable buyers to target 1.030000 USD. If there is a return to below the support located at 0.860000 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.830000 USD and 0.770000 USD by extension.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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 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 has increased by +2.30% since the last closing with the lowest point at 0.870000 USD and the highest point at 0.900000 USD. The deviation from the price is +2.30% for the low point and -1.11% for the high point.0.870000
0.900000
0.890000
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 POLYGON - MATIC/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.770000 | 0.830000 | 0.860000 | 0.890000 | 0.930000 | 1.030000 | 1.060000 |
| Change (%) | -13.48% | -6.74% | -3.37% | - | +4.49% | +15.73% | +19.10% |
| Change | -0.120000 | -0.060000 | -0.030000 | - | +0.040000 | +0.140000 | +0.170000 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 0.800000 | 0.830000 | 0.850000 | 0.880000 | 0.900000 | 0.930000 | 0.950000 |
| Camarilla | 0.856250 | 0.860833 | 0.865417 | 0.870000 | 0.874583 | 0.879167 | 0.883750 |
| Woodie | 0.795000 | 0.827500 | 0.845000 | 0.877500 | 0.895000 | 0.927500 | 0.945000 |
| Fibonacci | 0.830000 | 0.849100 | 0.860900 | 0.880000 | 0.899100 | 0.910900 | 0.930000 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.42 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 6.887511 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.887047 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.874197 | |
| Elder Ray (13): | 0.002202 | |
| Super Trend (3,10): | 0.863084 | |
| Zig ZAG (10): | 0.890000 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.891612 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | -0.2438 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 2.78 |
| MA7: | 0.907143 | |
| MA20: | 0.981500 | |
| MA50: | 0.894200 | |
| MA100: | 0.863600 | |
| MAexp7: | 0.888990 | |
| MAexp20: | 0.887049 | |
| MAexp50: | 0.892263 | |
| MAexp100: | 0.905446 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | -9.32% | |
| Price / MA50: | -0.47% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLYGON - MATIC/USD - 1H