POLYGON - MATIC/USD - Weekly - Technical analysis published on 11/24/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.860000 USD
My targets
0.694300 USD (-10.99%)
0.500000 USD (-35.90%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on POLYGON - MATIC/USD. As long as you are under the resistance located at 0.860000 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.694300 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.500000 USD as an objective. If the resistance 0.860000 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.2
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON - MATIC/USD price is 0.780000 USD. The price is lower by -6.02% over the 5 days and has been traded over the last 5 days between 0.720000 USD and 0.870000 USD. This implies that the 5 day price is +8.33% from its lowest point and -10.34% from its highest point.0.720000
0.870000
0.780000
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this POLYGON - MATIC/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.500000 | 0.694300 | 0.780000 | 1.032857 | 1.525000 | 2.448000 |
| Change (%) | -35.90% | -10.99% | - | +32.42% | +95.51% | +213.85% |
| Change | -0.280000 | -0.085700 | - | +0.252857 | +0.745000 | +1.668000 |
| Level | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.726667 | 0.743333 | 0.756667 | 0.773333 | 0.786667 | 0.803333 | 0.816667 |
| Camarilla | 0.761750 | 0.764500 | 0.767250 | 0.770000 | 0.772750 | 0.775500 | 0.778250 |
| Woodie | 0.725000 | 0.742500 | 0.755000 | 0.772500 | 0.785000 | 0.802500 | 0.815000 |
| Fibonacci | 0.743333 | 0.754793 | 0.761873 | 0.773333 | 0.784793 | 0.791873 | 0.803333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.530000 | 0.650000 | 0.740000 | 0.860000 | 0.950000 | 1.070000 | 1.160000 |
| Camarilla | 0.772250 | 0.791500 | 0.810750 | 0.830000 | 0.849250 | 0.868500 | 0.887750 |
| Woodie | 0.515000 | 0.642500 | 0.725000 | 0.852500 | 0.935000 | 1.062500 | 1.145000 |
| Fibonacci | 0.650000 | 0.730220 | 0.779780 | 0.860000 | 0.940220 | 0.989780 | 1.070000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.380000 | 0.440000 | 0.540000 | 0.600000 | 0.700000 | 0.760000 | 0.860000 |
| Camarilla | 0.596000 | 0.610667 | 0.625333 | 0.640000 | 0.654667 | 0.669333 | 0.684000 |
| Woodie | 0.400000 | 0.450000 | 0.560000 | 0.610000 | 0.720000 | 0.770000 | 0.880000 |
| Fibonacci | 0.440000 | 0.501120 | 0.538880 | 0.600000 | 0.661120 | 0.698880 | 0.760000 |
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): | 54.18 | |
| MACD (12,26,9): | -0.0146 | |
| Directional Movement: | 13.936960 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.652464 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.518048 | |
| Elder Ray (13): | 0.100780 | |
| Super Trend (3,10): | 0.545613 | |
| Zig ZAG (10): | 0.780000 | |
| VORTEX (21): | 1.0594 | |
| Stochastique (14,3,5): | 73.92 | |
| TEMA (21): | 0.702676 | |
| Williams %R (14): | -40.82 | |
| Chande Momentum Oscillator (20): | 0.240000 | |
| Repulse (5,40,3): | 2.9947 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.2816 | |
| Courbe Coppock: | 30.24 |
| MA7: | 0.791429 | |
| MA20: | 0.814000 | |
| MA50: | 0.674600 | |
| MA100: | 0.608600 | |
| MAexp7: | 0.734464 | |
| MAexp20: | 0.695951 | |
| MAexp50: | 0.786366 | |
| MAexp100: | 0.845870 | |
| Price / MA7: | -1.44% | |
| Price / MA20: | -4.18% | |
| Price / MA50: | +15.62% | |
| Price / MA100: | +28.16% | |
| Price / MAexp7: | +6.20% | |
| Price / MAexp20: | +12.08% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -7.79% |
Quotes :
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Real time data
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