POLYGON - MATIC/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MATICUSD
ISIN:

POLYGON - MATIC/USD - Weekly - Technical analysis published on 11/04/2023 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 0.860000 USD

My targets

0.500000 USD (-26.47%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.860000 USD remains possible. It is advisable to trade POLYGON - MATIC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.860000 USD. The next bearish objective for sellers is set at 0.500000 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.860000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.9

Comment on the analysis

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

POLYGON - MATIC/USD rating 0.680000 USD. The price registered an increase of +6.25% over 5 days and was traded between 0.620000 USD and 0.690000 USD over the period. The price is currently at +9.68% from its lowest point and -1.45% from its highest point.

0.620000

0.690000

0.680000

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

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of POLYGON - MATIC/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of triangle

Type : Bearish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.500000	0.680000	1.032857	1.525000	2.448000
Change (%)	-26.47%	-	+51.89%	+124.26%	+260.00%
Change	-0.180000	-	+0.352857	+0.845000	+1.768000
Level	Major	-	Intermediate	Intermediate	Minor

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
Standard	0.620000	0.630000	0.650000	0.660000	0.680000	0.690000	0.710000
Camarilla	0.661750	0.664500	0.667250	0.670000	0.672750	0.675500	0.678250
Woodie	0.625000	0.632500	0.655000	0.662500	0.685000	0.692500	0.715000
Fibonacci	0.630000	0.641460	0.648540	0.660000	0.671460	0.678540	0.690000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.466667	0.513333	0.566667	0.613333	0.666667	0.713333	0.766667
Camarilla	0.592500	0.601667	0.610833	0.620000	0.629167	0.638333	0.647500
Woodie	0.470000	0.515000	0.570000	0.615000	0.670000	0.715000	0.770000
Fibonacci	0.513333	0.551533	0.575133	0.613333	0.651533	0.675133	0.713333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.380000	0.440000	0.540000	0.600000	0.700000	0.760000	0.860000
Camarilla	0.596000	0.610667	0.625333	0.640000	0.654667	0.669333	0.684000
Woodie	0.400000	0.450000	0.560000	0.610000	0.720000	0.770000	0.880000
Fibonacci	0.440000	0.501120	0.538880	0.600000	0.661120	0.698880	0.760000

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):	49.63
MACD (12,26,9):	-0.0702
Directional Movement:	3.248309
AROON (14):	-50.000000
DEMA (21):	0.543283
Parabolic SAR (0,02-0,02-0,2):	0.702445
Elder Ray (13):	0.042367
Super Trend (3,10):	0.793126
Zig ZAG (10):	0.680000
VORTEX (21):	1.0629
Stochastique (14,3,5):	60.21
TEMA (21):	0.541866
Williams %R (14):	-13.64
Chande Momentum Oscillator (20):	0.000000
Repulse (5,40,3):	18.7692
ROCnROLL:	-1
TRIX (15,9):	-1.7729
Courbe Coppock:	29.12

MA7:	0.658571
MA20:	0.608000
MA50:	0.561800
MA100:	0.581600
MAexp7:	0.607341
MAexp20:	0.647116
MAexp50:	0.779764
MAexp100:	0.846290
Price / MA7:	+3.25%
Price / MA20:	+11.84%
Price / MA50:	+21.04%
Price / MA100:	+16.92%
Price / MAexp7:	+11.96%
Price / MAexp20:	+5.08%
Price / MAexp50:	-12.79%
Price / MAexp100:	-19.65%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15918

Number of analyses :

97084

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…