POLYGON - MATIC/USD
POLYGON - MATIC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MATICUSD
ISIN:

POLYGON - MATIC/USD - Daily - Technical analysis published on 06/17/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.41 USD
My targets
1.74 USD (+13.18%)
1.87 USD (+21.43%)
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/USD as long as the price remains well above 1.41 USD. The buyers' bullish objective is set at 1.74 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.87 USD. If there is any crossing, the next objective would be the resistance located at 2.21 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
0
10
5.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The POLYGON - MATIC/USD price is 1.54 USD. The price has increased by +4.05% since the last closing and was between 1.46 USD and 1.55 USD. This implies that the price is at +5.48% from its lowest and at -0.65% from its highest.

1.46
1.55
1.54

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of POLYGON - MATIC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Black evening star

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.42 0.89 1.08 1.54 1.87 2.21 2.45
Change (%) -72.73% -42.21% -29.87% - +21.43% +43.51% +59.09%
Change -1.12 -0.65 -0.46 - +0.33 +0.67 +0.91
Level Minor Minor Major - Minor Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.221.331.411.521.601.711.79
Camarilla1.431.451.461.481.501.521.53
Woodie1.201.321.391.511.581.701.77
Fibonacci1.331.411.451.521.601.641.71


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.520.841.091.411.661.982.23
Camarilla1.181.241.291.341.391.451.50
Woodie0.490.821.061.391.631.962.20
Fibonacci0.841.061.191.411.631.761.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1.16-0.240.821.742.803.724.78
Camarilla1.331.511.691.872.052.232.42
Woodie-1.10-0.210.881.782.863.764.84
Fibonacci-0.240.520.991.742.502.973.72

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 51.02
MACD (12,26,9): 0.0000
Directional Movement: 2.61
AROON (14): -64.29
DEMA (21): 1.56
Parabolic SAR (0,02-0,02-0,2): 2.32
Elder Ray (13): -0.03
Super Trend (3,10): 2.08
Zig ZAG (10): 1.53
VORTEX (21): 0.9100
Stochastique (14,3,5): 55.04
TEMA (21): 1.44
Williams %R (14): -43.14
Chande Momentum Oscillator (20): 0.01
Repulse (5,40,3): 3.4600
ROCnROLL: 1
TRIX (15,9): 0.1800
Courbe Coppock: 31.50
MA7: 1.47
MA20: 1.58
MA50: 1.41
MA100: 0.90
MAexp7: 1.51
MAexp20: 1.53
MAexp50: 1.36
MAexp100: 1.04
Price / MA7: +4.76%
Price / MA20: -2.53%
Price / MA50: +9.22%
Price / MA100: +71.11%
Price / MAexp7: +1.99%
Price / MAexp20: +0.65%
Price / MAexp50: +13.24%
Price / MAexp100: +48.08%

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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