POLYGON - MATIC/USD

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Type:	Cryptocurrencies
Ticker:	MATICUSD
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POLYGON - MATIC/USD - Daily - Technical analysis published on 11/18/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.930000 USD

My targets

0.770000 USD (-13.48%)

0.700000 USD (-21.35%)

My analysis

The strong short-term decrease of POLYGON - MATIC/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.930000 USD, a sale could be considered. The first bearish objective is located at 0.770000 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.700000 USD. If there is any crossing, the next objective would be support 0.610000 USD. Caution, if there is a return to above 0.930000 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.3

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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The POLYGON - MATIC/USD rating is 0.890000 USD. The price registered an increase of +2.30% on the session and was traded between 0.870000 USD and 0.900000 USD over the period. The price is currently at +2.30% from its lowest and -1.11% from its highest.

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 this Daily chart of POLYGON - MATIC/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.610000	0.700000	0.770000	0.890000	0.930000	1.030000	1.170000
Change (%)	-31.46%	-21.35%	-13.48%	-	+4.49%	+15.73%	+31.46%
Change	-0.280000	-0.190000	-0.120000	-	+0.040000	+0.140000	+0.280000
Level	Minor	Major	Major	-	Major	Intermediate	Intermediate

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	0.800000	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	47.00
MACD (12,26,9):	-0.0015
Directional Movement:	-6.667238
AROON (14):	-28.571429
DEMA (21):	0.959733
Parabolic SAR (0,02-0,02-0,2):	1.128428
Elder Ray (13):	-0.058793
Super Trend (3,10):	1.235223
Zig ZAG (10):	0.890000
VORTEX (21):	0.9855
Stochastique (14,3,5):	23.46
TEMA (21):	0.927145
Williams %R (14):	-74.07
Chande Momentum Oscillator (20):	-0.250000
Repulse (5,40,3):	-2.0636
ROCnROLL:	2
TRIX (15,9):	0.4235
Courbe Coppock:	15.59

MA7:	0.907143
MA20:	0.981500
MA50:	0.894200
MA100:	0.863600
MAexp7:	0.918636
MAexp20:	0.948007
MAexp50:	0.912879
MAexp100:	0.885392
Price / MA7:	-1.89%
Price / MA20:	-9.32%
Price / MA50:	-0.47%
Price / MA100:	+3.06%
Price / MAexp7:	-3.12%
Price / MAexp20:	-6.12%
Price / MAexp50:	-2.51%
Price / MAexp100:	+0.52%

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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