POLYGON - MATIC/USDT

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Type:	Cryptocurrencies
Ticker:	MATICUSDT
ISIN:

POLYGON - MATIC/USDT - 1H - Technical analysis published on 11/07/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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POLYGON - MATIC/USDT Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 0.712400 USDT

My targets

0.782952 USDT (+7.25%)

0.849578 USDT (+16.37%)

My analysis

The basic bullish trend is very strong on POLYGON - MATIC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.712400 USDT. Crossing the first resistance at 0.782952 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.849578 USDT as an objective. Crossing it would then enable buyers to target 0.940600 USDT. Caution, a return to below 0.712400 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 adhemar.

Additional analysis

Quotes

The POLYGON - MATIC/USDT rating is 0.730035 USDT. The price is lower by -0.84% since the last closing and was between 0.694780 USDT and 0.747164 USDT. This implies that the price is at +5.07% from its lowest and at -2.29% from its highest.

0.694780

0.747164

0.730035

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of POLYGON - MATIC/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.663067	0.677344	0.712400	0.730035	0.849578	0.940600	1.030143
Change (%)	-9.17%	-7.22%	-2.42%	-	+16.37%	+28.84%	+41.11%
Change	-0.066968	-0.052691	-0.017635	-	+0.119543	+0.210565	+0.300108
Level	Intermediate	Minor	Minor	-	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	0.657639	0.673460	0.704827	0.720648	0.752015	0.767836	0.799203
Camarilla	0.723216	0.727542	0.731867	0.736193	0.740519	0.744844	0.749170
Woodie	0.665411	0.677347	0.712599	0.724535	0.759787	0.771723	0.806975
Fibonacci	0.673460	0.691486	0.702623	0.720648	0.738674	0.749811	0.767836

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.553167	0.582548	0.629762	0.659143	0.706357	0.735738	0.782952
Camarilla	0.655913	0.662935	0.669956	0.676977	0.683998	0.691019	0.698041
Woodie	0.562085	0.587006	0.638680	0.663601	0.715275	0.740196	0.791870
Fibonacci	0.582548	0.611807	0.629883	0.659143	0.688402	0.706478	0.735738

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.372264	0.436572	0.536391	0.600699	0.700518	0.764826	0.864645
Camarilla	0.591076	0.606121	0.621166	0.636211	0.651256	0.666301	0.681346
Woodie	0.390021	0.445450	0.554148	0.609577	0.718275	0.773704	0.882402
Fibonacci	0.436572	0.499268	0.538002	0.600699	0.663395	0.702129	0.764826

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):	58.04
MACD (12,26,9):	0.0018
Directional Movement:	5.144898
AROON (14):	-71.428572
DEMA (21):	0.719601
Parabolic SAR (0,02-0,02-0,2):	0.696087
Elder Ray (13):	0.008762
Super Trend (3,10):	0.732790
Zig ZAG (10):	0.726233
VORTEX (21):	0.9605
Stochastique (14,3,5):	74.98
TEMA (21):	0.715566
Williams %R (14):	-18.20
Chande Momentum Oscillator (20):	0.000657
Repulse (5,40,3):	1.5039
ROCnROLL:	1
TRIX (15,9):	0.0421
Courbe Coppock:	3.56

MA7:	0.690348
MA20:	0.637214
MA50:	0.573544
MA100:	0.581779
MAexp7:	0.717728
MAexp20:	0.716493
MAexp50:	0.707739
MAexp100:	0.692858
Price / MA7:	+5.75%
Price / MA20:	+14.57%
Price / MA50:	+27.28%
Price / MA100:	+25.48%
Price / MAexp7:	+1.71%
Price / MAexp20:	+1.89%
Price / MAexp50:	+3.15%
Price / MAexp100:	+5.37%

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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