POLYGON - MATIC/USD - 1H - Technical analysis published on 06/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.11 USD
My targets
1.25 USD (+8.70%)
1.36 USD (+18.26%)
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 1.11 USD. The buyers' bullish objective is set at 1.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.36 USD. If there is any crossing, the next objective would be the resistance located at 1.44 USD.
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
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON - MATIC/USD rating is 1.15 USD. The price registered an increase of +3.60% on the session with the lowest point at 1.09 USD and the highest point at 1.16 USD. The deviation from the price is +5.50% for the low point and -0.86% for the high point.1.09
1.16
1.15
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USD:
Technical
A technical analysis in 1H of this POLYGON - MATIC/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
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:
Near horizontal resistance
Type : Bearish
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 engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.94 | 1.03 | 1.11 | 1.15 | 1.25 | 1.44 | 1.51 |
| Change (%) | -18.26% | -10.43% | -3.48% | - | +8.70% | +25.22% | +31.30% |
| Change | -0.21 | -0.12 | -0.04 | - | +0.10 | +0.29 | +0.36 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.98 | 1.00 | 1.06 | 1.08 | 1.14 | 1.16 | 1.22 |
| Camarilla | 1.09 | 1.10 | 1.10 | 1.11 | 1.12 | 1.13 | 1.13 |
| Woodie | 0.99 | 1.01 | 1.07 | 1.09 | 1.15 | 1.17 | 1.23 |
| Fibonacci | 1.00 | 1.03 | 1.05 | 1.08 | 1.11 | 1.13 | 1.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.36 | 0.65 | 0.86 | 1.15 | 1.36 | 1.65 | 1.86 |
| Camarilla | 0.93 | 0.98 | 1.02 | 1.07 | 1.12 | 1.16 | 1.21 |
| Woodie | 0.32 | 0.63 | 0.82 | 1.13 | 1.32 | 1.63 | 1.82 |
| Fibonacci | 0.65 | 0.84 | 0.96 | 1.15 | 1.34 | 1.46 | 1.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.06 | -0.16 | 0.86 | 1.76 | 2.78 | 3.68 | 4.70 |
| Camarilla | 1.34 | 1.52 | 1.69 | 1.87 | 2.05 | 2.22 | 2.40 |
| Woodie | -1.01 | -0.13 | 0.91 | 1.79 | 2.83 | 3.71 | 4.75 |
| Fibonacci | -0.16 | 0.58 | 1.03 | 1.76 | 2.50 | 2.95 | 3.68 |
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): | 58.42 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 10.98 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.10 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.08 | |
| Zig ZAG (10): | 1.13 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 56.79 | |
| TEMA (21): | 1.13 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 2.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 6.08 |
| MA7: | 1.12 | |
| MA20: | 1.31 | |
| MA50: | 1.49 | |
| MA100: | 0.99 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.10 | |
| MAexp50: | 1.09 | |
| MAexp100: | 1.11 | |
| Price / MA7: | +2.68% | |
| Price / MA20: | -12.21% | |
| Price / MA50: | -22.82% | |
| Price / MA100: | +16.16% | |
| Price / MAexp7: | +2.68% | |
| Price / MAexp20: | +4.55% | |
| Price / MAexp50: | +5.50% | |
| Price / MAexp100: | +3.60% |
Quotes :
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Real time data
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