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

POLYGON - MATIC/USD - 1H - Technical analysis published on 08/31/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1.41 USD
My targets
1.31 USD (-2.96%)
1.25 USD (-7.41%)
My analysis
The bearish basic trend is very strong on POLYGON - MATIC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.41 USD. Crossing the first support at 1.31 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.25 USD as an objective. Crossing it would then enable sellers to target 1.06 USD. Caution, a return to above the resistance located at 1.41 USD would be a sign of a possible consolidation phase of 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 are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.5

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The POLYGON - MATIC/USD price is 1.35 USD. On the day, this instrument gained +2.27% and was between 1.30 USD and 1.38 USD. This implies that the price is at +3.85% from its lowest and at -2.17% from its highest.

1.30
1.38
1.35

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of POLYGON - MATIC/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.69 1.06 1.25 1.35 1.41 1.53 1.63
Change (%) -48.89% -21.48% -7.41% - +4.44% +13.33% +20.74%
Change -0.66 -0.29 -0.10 - +0.06 +0.18 +0.28
Level Major Intermediate Minor - Intermediate Intermediate 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
Standard1.171.241.281.351.391.461.50
Camarilla1.291.301.311.321.331.341.35
Woodie1.161.231.271.341.381.451.49
Fibonacci1.241.281.311.351.391.421.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.971.161.311.501.651.841.99
Camarilla1.371.401.431.461.491.521.55
Woodie0.951.151.291.491.631.831.97
Fibonacci1.161.291.371.501.631.711.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.250.430.760.941.271.451.78
Camarilla0.940.991.031.081.131.171.22
Woodie0.320.470.830.981.341.491.85
Fibonacci0.430.630.750.941.141.261.45

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): 48.30
MACD (12,26,9): -0.0200
Directional Movement: -5.20
AROON (14): -50.00
DEMA (21): 1.33
Parabolic SAR (0,02-0,02-0,2): 1.38
Elder Ray (13): 0
Super Trend (3,10): 1.38
Zig ZAG (10): 1.37
VORTEX (21): 0.8800
Stochastique (14,3,5): 41.91
TEMA (21): 1.33
Williams %R (14): -34.04
Chande Momentum Oscillator (20): -0.03
Repulse (5,40,3): 3.2500
ROCnROLL: -1
TRIX (15,9): -0.1700
Courbe Coppock: 5.92
MA7: 1.43
MA20: 1.46
MA50: 1.18
MA100: 1.29
MAexp7: 1.34
MAexp20: 1.35
MAexp50: 1.38
MAexp100: 1.41
Price / MA7: -5.59%
Price / MA20: -7.53%
Price / MA50: +14.41%
Price / MA100: +4.65%
Price / MAexp7: +0.75%
Price / MAexp20: -0%
Price / MAexp50: -2.17%
Price / MAexp100: -4.26%

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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