POLYGON - MATIC/USD - Weekly - Technical analysis published on 02/21/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.26 USD
My targets
1.74 USD (+23.40%)
2.13 USD (+51.06%)
My analysis
POLYGON - MATIC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.26 USD. The next resistance located at 1.74 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.13 USD. After this resistance, buyers could then target 2.45 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
POLYGON - MATIC/USD rating 1.41 USD. Over 5 days, this instrument gained +6.02% and was traded between 1.37 USD and 1.57 USD over the period. The price is currently at +2.92% from its lowest point and -10.19% from its highest point.1.37
1.57
1.41
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of POLYGON - MATIC/USD in Weekly shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.34 | 0.77 | 1.26 | 1.41 | 1.74 | 2.13 | 2.45 |
| Change (%) | -75.89% | -45.39% | -10.64% | - | +23.40% | +51.06% | +73.76% |
| Change | -1.07 | -0.64 | -0.15 | - | +0.33 | +0.72 | +1.04 |
| Level | Minor | Major | Major | - | Minor | Minor | Major |
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 | 1.36 | 1.39 | 1.44 | 1.47 | 1.52 | 1.55 | 1.60 |
| Camarilla | 1.46 | 1.47 | 1.47 | 1.48 | 1.49 | 1.50 | 1.50 |
| Woodie | 1.36 | 1.40 | 1.44 | 1.48 | 1.52 | 1.56 | 1.60 |
| Fibonacci | 1.39 | 1.42 | 1.44 | 1.47 | 1.50 | 1.52 | 1.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.80 | 0.97 | 1.23 | 1.40 | 1.66 | 1.83 | 2.09 |
| Camarilla | 1.37 | 1.41 | 1.45 | 1.49 | 1.53 | 1.57 | 1.61 |
| Woodie | 0.85 | 0.99 | 1.28 | 1.42 | 1.71 | 1.85 | 2.14 |
| Fibonacci | 0.97 | 1.13 | 1.24 | 1.40 | 1.56 | 1.67 | 1.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.42 | 0.60 | 0.85 | 1.03 | 1.28 | 1.46 | 1.71 |
| Camarilla | 0.99 | 1.03 | 1.07 | 1.11 | 1.15 | 1.19 | 1.23 |
| Woodie | 0.47 | 0.62 | 0.90 | 1.05 | 1.33 | 1.48 | 1.76 |
| Fibonacci | 0.60 | 0.76 | 0.86 | 1.03 | 1.19 | 1.29 | 1.46 |
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): | 66.01 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 22.97 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.87 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 0.86 | |
| Zig ZAG (10): | 1.41 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 84.13 | |
| TEMA (21): | 1.30 | |
| Williams %R (14): | -19.51 | |
| Chande Momentum Oscillator (20): | 0.49 | |
| Repulse (5,40,3): | 14.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6000 | |
| Courbe Coppock: | 18.48 |
| MA7: | 1.44 | |
| MA20: | 1.31 | |
| MA50: | 1.10 | |
| MA100: | 0.98 | |
| MAexp7: | 1.24 | |
| MAexp20: | 1.05 | |
| MAexp50: | 1.02 | |
| MAexp100: | 0.96 | |
| Price / MA7: | -2.08% | |
| Price / MA20: | +7.63% | |
| Price / MA50: | +28.18% | |
| Price / MA100: | +43.88% | |
| Price / MAexp7: | +13.71% | |
| Price / MAexp20: | +34.29% | |
| Price / MAexp50: | +38.24% | |
| Price / MAexp100: | +46.88% |
Quotes :
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Real time data
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