POLYGON - MATIC/USDT
POLYGON - MATIC/USDT
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MATICUSDT
ISIN:

POLYGON - MATIC/USDT - Weekly - Technical analysis published on 02/10/2022 (GMT)

  • 152
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Weekly
  • - Analysis generated on
  • Status : INVALID

Download a full-size picture

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.74 USDT
My targets
2.13 USDT (+7.04%)
2.46 USDT (+23.62%)
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/USDT as long as the price remains well above 1.74 USDT. The buyers' bullish objective is set at 2.13 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.46 USDT. If there is any crossing, the next objective would be the resistance located at 2.87 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4

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 ph1.

Additional analysis

Quotes

The POLYGON - MATIC/USDT rating is 1.99 USDT. The price registered an increase of +17.47% over 5 days and has been traded over the last 5 days between 1.67 USDT and 2.08 USDT. This implies that the 5 day price is +19.16% from its lowest point and -4.37% from its highest point.

1.67
2.08
1.99

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 Weekly chart of POLYGON - MATIC/USDT indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.04 1.50 1.74 1.99 2.13 2.46 2.87
Change (%) -47.74% -24.62% -12.56% - +7.04% +23.62% +44.22%
Change -0.95 -0.49 -0.25 - +0.14 +0.47 +0.88
Level Intermediate Major Major - Intermediate Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.761.831.932.002.102.172.27
Camarilla1.992.012.022.042.062.072.09
Woodie1.791.841.962.012.132.182.30
Fibonacci1.831.891.932.002.062.102.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.261.371.541.651.821.932.10
Camarilla1.631.661.681.711.741.761.79
Woodie1.291.391.571.671.851.952.13
Fibonacci1.371.481.541.651.761.821.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.190.561.101.852.393.143.68
Camarilla1.291.401.521.641.761.882.00
Woodie-0.300.511.001.802.293.093.58
Fibonacci0.561.051.361.852.342.653.14

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 53.68
MACD (12,26,9): 0.1700
Directional Movement: 6.70
AROON (14): -28.57
DEMA (21): 2.11
Parabolic SAR (0,02-0,02-0,2): 2.77
Elder Ray (13): -0.05
Super Trend (3,10): 1.11
Zig ZAG (10): 1.99
VORTEX (21): 1.0400
Stochastique (14,3,5): 28.88
TEMA (21): 2.06
Williams %R (14): -56.77
Chande Momentum Oscillator (20): 0.41
Repulse (5,40,3): 12.8100
ROCnROLL: 1
TRIX (15,9): 2.4400
Courbe Coppock: 58.61
MA7: 1.88
MA20: 1.69
MA50: 2.08
MA100: 2.00
MAexp7: 1.93
MAexp20: 1.84
MAexp50: 1.41
MAexp100: 0.95
Price / MA7: +5.85%
Price / MA20: +17.75%
Price / MA50: -4.33%
Price / MA100: -0.50%
Price / MAexp7: +3.11%
Price / MAexp20: +8.15%
Price / MAexp50: +41.13%
Price / MAexp100: +109.47%

Quotes : - Real time data - Cryptocompare

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

About author

Online

Overall rating :
16057
Number of analyses :
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis POLYGON - MATIC/USDT - Weekly