POLYGON - MATIC/USD - 1H - Technical analysis published on 01/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
44%
28%
My opinion
Bullish above 2.29 USD
My targets
2.38 USD (+2.15%)
2.45 USD (+5.15%)
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 2.29 USD. The buyers' bullish objective is set at 2.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.45 USD. If there is any crossing, the next objective would be the resistance located at 2.51 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
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:
Additional analysis
Quotes
The POLYGON - MATIC/USD rating is 2.33 USD. The price is lower by -1.27% since the last closing and was between 2.31 USD and 2.39 USD. This implies that the price is at +0.87% from its lowest and at -2.51% from its highest.2.31
2.39
2.33
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of POLYGON - MATIC/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.02 | 2.13 | 2.29 | 2.33 | 2.38 | 2.45 | 2.51 |
| Change (%) | -13.30% | -8.58% | -1.72% | - | +2.15% | +5.15% | +7.73% |
| Change | -0.31 | -0.20 | -0.04 | - | +0.05 | +0.12 | +0.18 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Major |
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 | 1.83 | 1.94 | 2.15 | 2.26 | 2.47 | 2.58 | 2.79 |
| Camarilla | 2.27 | 2.30 | 2.33 | 2.36 | 2.39 | 2.42 | 2.45 |
| Woodie | 1.88 | 1.97 | 2.20 | 2.29 | 2.52 | 2.61 | 2.84 |
| Fibonacci | 1.94 | 2.06 | 2.14 | 2.26 | 2.38 | 2.46 | 2.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05 | 1.47 | 1.73 | 2.15 | 2.41 | 2.83 | 3.09 |
| Camarilla | 1.79 | 1.86 | 1.92 | 1.98 | 2.04 | 2.11 | 2.17 |
| Woodie | 0.96 | 1.43 | 1.64 | 2.11 | 2.32 | 2.79 | 3.00 |
| Fibonacci | 1.47 | 1.73 | 1.89 | 2.15 | 2.41 | 2.57 | 2.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.24 | 0.85 | 1.69 | 2.30 | 3.14 | 3.75 | 4.59 |
| Camarilla | 2.12 | 2.25 | 2.39 | 2.52 | 2.65 | 2.79 | 2.92 |
| Woodie | 0.35 | 0.91 | 1.80 | 2.36 | 3.25 | 3.81 | 4.70 |
| Fibonacci | 0.85 | 1.41 | 1.75 | 2.30 | 2.86 | 3.20 | 3.75 |
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): | 60.14 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 12.09 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 2.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.37 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.25 | |
| Zig ZAG (10): | 2.33 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 29.17 | |
| TEMA (21): | 2.36 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 0.91 |
| MA7: | 2.17 | |
| MA20: | 2.40 | |
| MA50: | 2.21 | |
| MA100: | 1.92 | |
| MAexp7: | 2.34 | |
| MAexp20: | 2.31 | |
| MAexp50: | 2.24 | |
| MAexp100: | 2.19 | |
| Price / MA7: | +7.37% | |
| Price / MA20: | -2.92% | |
| Price / MA50: | +5.43% | |
| Price / MA100: | +21.35% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +4.02% | |
| Price / MAexp100: | +6.39% |
Quotes :
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Real time data
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