POLYGON - MATIC/USDT

- USDT (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	MATICUSDT
ISIN:

POLYGON - MATIC/USDT - Weekly - Technical analysis published on 03/18/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 1.03 USDT

My targets

1.59 USDT (+28.23%)

1.74 USDT (+40.32%)

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 1.03 USDT. The buyers' bullish objective is set at 1.59 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.74 USDT. If there is any crossing, the next objective would be the resistance located at 2.46 USDT.

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

6.4

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

Additional analysis

Quotes

POLYGON - MATIC/USDT rating 1.24 USDT. The price is up +8.01% over 5 days and was traded between 1.08 USDT and 1.25 USDT over the period. The price is currently at +15.24% from its lowest point and -0.80% from its highest point.

1.08

1.25

1.24

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.34	0.76	1.03	1.24	1.26	1.74	2.46
Change (%)	-72.58%	-38.71%	-16.94%	-	+1.61%	+40.32%	+98.39%
Change	-0.90	-0.48	-0.21	-	+0.02	+0.50	+1.22
Level	Minor	Major	Major	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.06	1.09	1.16	1.19	1.26	1.29	1.36
Camarilla	1.19	1.20	1.21	1.22	1.23	1.24	1.25
Woodie	1.07	1.10	1.17	1.20	1.27	1.30	1.37
Fibonacci	1.09	1.13	1.16	1.19	1.23	1.26	1.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.71	0.83	0.94	1.06	1.17	1.29	1.40
Camarilla	1.00	1.02	1.04	1.06	1.08	1.10	1.12
Woodie	0.72	0.83	0.95	1.06	1.18	1.29	1.41
Fibonacci	0.83	0.92	0.97	1.06	1.15	1.20	1.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.59	0.83	1.09	1.33	1.59	1.83	2.09
Camarilla	1.21	1.26	1.30	1.35	1.40	1.44	1.49
Woodie	0.60	0.84	1.10	1.34	1.60	1.84	2.10
Fibonacci	0.83	1.02	1.14	1.33	1.52	1.64	1.83

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):	57.01
MACD (12,26,9):	0.0900
Directional Movement:	8.93
AROON (14):	50.00
DEMA (21):	1.17
Parabolic SAR (0,02-0,02-0,2):	1.56
Elder Ray (13):	0.02
Super Trend (3,10):	0.82
Zig ZAG (10):	1.24
VORTEX (21):	1.0700
Stochastique (14,3,5):	48.37
TEMA (21):	1.28
Williams %R (14):	-39.88
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	15.3800
ROCnROLL:	1
TRIX (15,9):	1.0200
Courbe Coppock:	81.71

MA7:	1.18
MA20:	1.17
MA50:	1.20
MA100:	1.03
MAexp7:	1.18
MAexp20:	1.07
MAexp50:	1.03
MAexp100:	0.97
Price / MA7:	+5.08%
Price / MA20:	+5.98%
Price / MA50:	+3.33%
Price / MA100:	+20.39%
Price / MAexp7:	+5.08%
Price / MAexp20:	+15.89%
Price / MAexp50:	+20.39%
Price / MAexp100:	+27.84%

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 :

16026

Number of analyses :

98249

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…