POLYGON - MATIC/USD - 1H - Technical analysis published on 05/26/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.98 USD
My targets
2.45 USD (+10.86%)
2.67 USD (+20.81%)
My analysis
POLYGON - MATIC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.98 USD. The next resistance located at 2.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.67 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.2
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Additional analysis
Quotes
The POLYGON - MATIC/USD price is 2.21 USD. The price registered an increase of +13.92% on the session with the lowest point at 1.84 USD and the highest point at 2.37 USD. The deviation from the price is +20.11% for the low point and -6.75% for the high point.1.84
2.37
2.21
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/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of POLYGON - MATIC/USD in 1H 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.83 | 1.98 | 2.20 | 2.21 | 2.45 | 2.67 |
| Change (%) | -17.19% | -10.41% | -0.45% | - | +10.86% | +20.81% |
| Change | -0.38 | -0.23 | -0.01 | - | +0.24 | +0.46 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 1.21 | 1.36 | 1.65 | 1.80 | 2.09 | 2.24 | 2.53 |
| Camarilla | 1.82 | 1.86 | 1.90 | 1.94 | 1.98 | 2.02 | 2.06 |
| Woodie | 1.28 | 1.40 | 1.72 | 1.84 | 2.16 | 2.28 | 2.60 |
| Fibonacci | 1.36 | 1.53 | 1.63 | 1.80 | 1.97 | 2.07 | 2.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.93 | 0.09 | 0.64 | 1.66 | 2.21 | 3.23 | 3.78 |
| Camarilla | 0.77 | 0.91 | 1.06 | 1.20 | 1.34 | 1.49 | 1.63 |
| Woodie | -1.16 | -0.03 | 0.42 | 1.54 | 1.99 | 3.11 | 3.56 |
| Fibonacci | 0.09 | 0.69 | 1.06 | 1.66 | 2.26 | 2.63 | 3.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.21 | 0.05 | 0.43 | 0.69 | 1.07 | 1.33 | 1.71 |
| Camarilla | 0.64 | 0.70 | 0.76 | 0.82 | 0.88 | 0.94 | 1.00 |
| Woodie | -0.14 | 0.08 | 0.50 | 0.72 | 1.14 | 1.36 | 1.78 |
| Fibonacci | 0.05 | 0.29 | 0.44 | 0.69 | 0.93 | 1.08 | 1.33 |
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): | 71.57 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 24.92 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.11 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 1.94 | |
| Zig ZAG (10): | 2.27 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 83.70 | |
| TEMA (21): | 2.28 | |
| Williams %R (14): | -16.76 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0300 | |
| Courbe Coppock: | 58.12 |
| MA7: | 1.65 | |
| MA20: | 1.44 | |
| MA50: | 0.89 | |
| MA100: | 0.59 | |
| MAexp7: | 2.20 | |
| MAexp20: | 1.98 | |
| MAexp50: | 1.76 | |
| MAexp100: | 1.64 | |
| Price / MA7: | +33.94% | |
| Price / MA20: | +53.47% | |
| Price / MA50: | +148.31% | |
| Price / MA100: | +274.58% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +11.62% | |
| Price / MAexp50: | +25.57% | |
| Price / MAexp100: | +34.76% |
Quotes :
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Real time data
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