POLYGON - MATIC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MATICUSD
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POLYGON - MATIC/USD - Daily - Technical analysis published on 12/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.730000 USD

My targets

0.940000 USD (+10.59%)

1.032857 USD (+21.51%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLYGON - MATIC/USD as long as the price remains well above 0.730000 USD. The buyers' bullish objective is set at 0.940000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.032857 USD. If there is any crossing, the next objective would be the resistance located at 1.525000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

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 price is 0.850000 USD. On the day, this instrument gained +1.19% and was between 0.840000 USD and 0.860000 USD. This implies that the price is at +1.19% from its lowest and at -1.16% from its highest.

0.840000

0.860000

0.850000

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 a strongly overall bullish trend. 92.86% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.694300	0.730000	0.850000	0.850000	0.940000	1.032857	1.525000
Change (%)	-18.32%	-14.12%	0%	-	+10.59%	+21.51%	+79.41%
Change	-0.155700	-0.120000	0	-	+0.090000	+0.182857	+0.675000
Level	Intermediate	Minor	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.656667	0.733333	0.786667	0.863333	0.916667	0.993333	1.046667
Camarilla	0.804250	0.816167	0.828083	0.840000	0.851917	0.863833	0.875750
Woodie	0.645000	0.727500	0.775000	0.857500	0.905000	0.987500	1.035000
Fibonacci	0.733333	0.782993	0.813673	0.863333	0.912993	0.943673	0.993333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.620000	0.700000	0.790000	0.870000	0.960000	1.040000	1.130000
Camarilla	0.833250	0.848833	0.864417	0.880000	0.895583	0.911167	0.926750
Woodie	0.625000	0.702500	0.795000	0.872500	0.965000	1.042500	1.135000
Fibonacci	0.700000	0.764940	0.805060	0.870000	0.934940	0.975060	1.040000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.233333	0.426667	0.593333	0.786667	0.953333	1.146667	1.313333
Camarilla	0.661000	0.694000	0.727000	0.760000	0.793000	0.826000	0.859000
Woodie	0.220000	0.420000	0.580000	0.780000	0.940000	1.140000	1.300000
Fibonacci	0.426667	0.564187	0.649147	0.786667	0.924187	1.009147	1.146667

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):	55.30
MACD (12,26,9):	0.0288
Directional Movement:	9.332064
AROON (14):	78.571429
DEMA (21):	0.864301
Parabolic SAR (0,02-0,02-0,2):	0.805199
Elder Ray (13):	0.008436
Super Trend (3,10):	0.762316
Zig ZAG (10):	0.850000
VORTEX (21):	1.1237
Stochastique (14,3,5):	62.91
TEMA (21):	0.864552
Williams %R (14):	-47.62
Chande Momentum Oscillator (20):	0.090000
Repulse (5,40,3):	-4.6854
ROCnROLL:	1
TRIX (15,9):	0.4199
Courbe Coppock:	25.90

MA7:	0.865714
MA20:	0.809500
MA50:	0.772800
MA100:	0.654100
MAexp7:	0.857130
MAexp20:	0.826963
MAexp50:	0.769014
MAexp100:	0.720937
Price / MA7:	-1.82%
Price / MA20:	+5.00%
Price / MA50:	+9.99%
Price / MA100:	+29.95%
Price / MAexp7:	-0.83%
Price / MAexp20:	+2.79%
Price / MAexp50:	+10.53%
Price / MAexp100:	+17.90%

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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