POLYGON - MATIC/USD - 1H - Technical analysis published on 11/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Neutral between 1.87 USD and 2.00 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.87 USD. The first resistance is located at 2.00 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by POLYGON - MATIC/USD.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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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 1.92 USD. The price is lower by -5.88% since the last closing with the lowest point at 1.92 USD and the highest point at 2.04 USD. The deviation from the price is 0% for the low point and -5.88% for the high point.1.92
2.04
1.92
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of POLYGON - MATIC/USD in 1H shows an overall slightly bullish trend. 46.43% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.74 | 1.80 | 1.91 | 1.92 | 2.00 | 2.13 | 2.22 |
| Change (%) | -9.38% | -6.25% | -0.52% | - | +4.17% | +10.94% | +15.63% |
| Change | -0.18 | -0.12 | -0.01 | - | +0.08 | +0.21 | +0.30 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 1.73 | 1.83 | 1.94 | 2.04 | 2.15 | 2.25 | 2.36 |
| Camarilla | 1.98 | 2.00 | 2.02 | 2.04 | 2.06 | 2.08 | 2.10 |
| Woodie | 1.73 | 1.83 | 1.94 | 2.04 | 2.15 | 2.25 | 2.36 |
| Fibonacci | 1.83 | 1.91 | 1.96 | 2.04 | 2.12 | 2.17 | 2.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 1.18 | 1.53 | 1.87 | 2.22 | 2.56 | 2.91 |
| Camarilla | 1.68 | 1.74 | 1.81 | 1.87 | 1.93 | 2.00 | 2.06 |
| Woodie | 0.84 | 1.18 | 1.53 | 1.87 | 2.22 | 2.56 | 2.91 |
| Fibonacci | 1.18 | 1.45 | 1.61 | 1.87 | 2.14 | 2.30 | 2.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.22 | 0.67 | 1.31 | 1.76 | 2.40 | 2.85 | 3.49 |
| Camarilla | 1.64 | 1.74 | 1.84 | 1.94 | 2.04 | 2.14 | 2.24 |
| Woodie | 0.31 | 0.72 | 1.40 | 1.81 | 2.49 | 2.90 | 3.58 |
| Fibonacci | 0.67 | 1.09 | 1.35 | 1.76 | 2.18 | 2.44 | 2.85 |
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): | 45.97 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -10.26 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.02 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 2.06 | |
| Zig ZAG (10): | 1.97 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 29.63 | |
| TEMA (21): | 1.96 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.55 |
| MA7: | 1.95 | |
| MA20: | 1.73 | |
| MA50: | 1.44 | |
| MA100: | 1.39 | |
| MAexp7: | 1.97 | |
| MAexp20: | 1.99 | |
| MAexp50: | 1.98 | |
| MAexp100: | 1.96 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | +10.98% | |
| Price / MA50: | +33.33% | |
| Price / MA100: | +38.13% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -3.52% | |
| Price / MAexp50: | -3.03% | |
| Price / MAexp100: | -2.04% |
Quotes :
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Real time data
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