POLYGON - MATIC/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

POLYGON - MATIC/USD - Daily - Technical analysis published on 11/24/2023 (GMT)

Londinia

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!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

56%

33%

My opinion

Bullish above 0.740000 USD

My targets

0.850000 USD (+8.97%)

0.920000 USD (+17.95%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.740000 USD remains possible. It is advisable to trade POLYGON - MATIC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.740000 USD. The next bullish objective for buyers is set at 0.850000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.920000 USD. If there is any crossing, the next objective would be the resistance located at 1.032857 USD. PS: if there is a bearish break in the support located at 0.740000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish 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

1.8

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

Additional analysis

Quotes

The POLYGON - MATIC/USD rating is 0.780000 USD. The price has increased by +1.30% since the last closing with the lowest point at 0.770000 USD and the highest point at 0.780000 USD. The deviation from the price is +1.30% for the low point and 0% for the high point.

0.770000

0.780000

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of POLYGON - MATIC/USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.590000	0.694300	0.740000	0.780000	0.850000	0.920000	1.032857
Change (%)	-24.36%	-10.99%	-5.13%	-	+8.97%	+17.95%	+32.42%
Change	-0.190000	-0.085700	-0.040000	-	+0.070000	+0.140000	+0.252857
Level	Intermediate	Major	Minor	-	Major	Minor	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	0.726667	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.01
MACD (12,26,9):	0.0291
Directional Movement:	2.257299
AROON (14):	-50.000000
DEMA (21):	0.834023
Parabolic SAR (0,02-0,02-0,2):	0.914012
Elder Ray (13):	-0.022056
Super Trend (3,10):	0.718420
Zig ZAG (10):	0.780000
VORTEX (21):	1.0884
Stochastique (14,3,5):	20.51
TEMA (21):	0.816546
Williams %R (14):	-76.92
Chande Momentum Oscillator (20):	-0.120000
Repulse (5,40,3):	-2.1054
ROCnROLL:	-1
TRIX (15,9):	1.0549
Courbe Coppock:	0.85

MA7:	0.791429
MA20:	0.814000
MA50:	0.674600
MA100:	0.608600
MAexp7:	0.790003
MAexp20:	0.784575
MAexp50:	0.712425
MAexp100:	0.678575
Price / MA7:	-1.44%
Price / MA20:	-4.18%
Price / MA50:	+15.62%
Price / MA100:	+28.16%
Price / MAexp7:	-1.27%
Price / MAexp20:	-0.58%
Price / MAexp50:	+9.49%
Price / MAexp100:	+14.95%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15747

Number of analyses :

92787

Followers :

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…