POLYGON - MATIC/USDT - 1H - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 0.748950 USDT
My targets
0.775300 USDT (+1.89%)
0.788000 USDT (+3.56%)
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/USDT. As long as you are above the support located at 0.748950 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.775300 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.788000 USDT as an objective. Crossing it would then enable buyers to target 0.815700 USDT. If the support 0.748950 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
0
10
0.9
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Additional analysis
Quotes
POLYGON - MATIC/USDT rating 0.760900 USDT. The price has increased by +1.05% since the last closing and was between 0.751500 USDT and 0.765600 USDT. This implies that the price is at +1.25% from its lowest and at -0.61% from its highest.0.751500
0.765600
0.760900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of POLYGON - MATIC/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.689000 | 0.725300 | 0.748950 | 0.760900 | 0.775300 | 0.788000 | 0.815700 |
| Change (%) | -9.45% | -4.68% | -1.57% | - | +1.89% | +3.56% | +7.20% |
| Change | -0.071900 | -0.035600 | -0.011950 | - | +0.014400 | +0.027100 | +0.054800 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 0.709233 | 0.729667 | 0.741333 | 0.761767 | 0.773433 | 0.793867 | 0.805533 |
| Camarilla | 0.744173 | 0.747115 | 0.750058 | 0.753000 | 0.755943 | 0.758885 | 0.761828 |
| Woodie | 0.704850 | 0.727475 | 0.736950 | 0.759575 | 0.769050 | 0.791675 | 0.801150 |
| Fibonacci | 0.729667 | 0.741929 | 0.749505 | 0.761767 | 0.774029 | 0.781605 | 0.793867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.538133 | 0.614467 | 0.683733 | 0.760067 | 0.829333 | 0.905667 | 0.974933 |
| Camarilla | 0.712960 | 0.726307 | 0.739653 | 0.753000 | 0.766347 | 0.779693 | 0.793040 |
| Woodie | 0.534600 | 0.612700 | 0.680200 | 0.758300 | 0.825800 | 0.903900 | 0.971400 |
| Fibonacci | 0.614467 | 0.670086 | 0.704448 | 0.760067 | 0.815686 | 0.850048 | 0.905667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.408700 | 0.581700 | 0.707000 | 0.880000 | 1.005300 | 1.178300 | 1.303600 |
| Camarilla | 0.750268 | 0.777612 | 0.804956 | 0.832300 | 0.859644 | 0.886988 | 0.914333 |
| Woodie | 0.384850 | 0.569775 | 0.683150 | 0.868075 | 0.981450 | 1.166375 | 1.279750 |
| Fibonacci | 0.581700 | 0.695651 | 0.766049 | 0.880000 | 0.993951 | 1.064349 | 1.178300 |
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): | 47.53 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 0.885592 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.761018 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.751303 | |
| Elder Ray (13): | -0.000832 | |
| Super Trend (3,10): | 0.751696 | |
| Zig ZAG (10): | 0.759700 | |
| VORTEX (21): | 0.9153 | |
| Stochastique (14,3,5): | 46.06 | |
| TEMA (21): | 0.757735 | |
| Williams %R (14): | -57.27 | |
| Chande Momentum Oscillator (20): | -0.010600 | |
| Repulse (5,40,3): | -0.2405 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0193 | |
| Courbe Coppock: | 2.29 |
| MA7: | 0.748900 | |
| MA20: | 0.814440 | |
| MA50: | 0.846872 | |
| MA100: | 0.764027 | |
| MAexp7: | 0.760231 | |
| MAexp20: | 0.762175 | |
| MAexp50: | 0.760298 | |
| MAexp100: | 0.758591 | |
| Price / MA7: | +1.60% | |
| Price / MA20: | -6.57% | |
| Price / MA50: | -10.15% | |
| Price / MA100: | -0.41% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.32% |
Quotes :
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Real time data
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Cryptocompare
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