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Chibuike_Odoh
Oct 28, 2021 8:14 PM

POLS/USDT { POLKASTARTER } - BULLISH SETUPΒ Long

POLS / TetherUSBinance

Description

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ANALYSIS πŸ”Ž
- POLS/USDT is currently on an uptrend.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance will be a bullish signal.
- The market could be on the verge of the 5th impulsive Elliott wave.

BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786).

TARGETS 🎯
- Horizontal resistance level (@3.550).
- Horizontal resistance level (@4.280).
- Fibonacci extension level 1.0 (@5.382).

SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@1.981).
Comments
Krystron333
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Holy shizz, you are really good. So detailed. Thank you
larryajax
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@Krystron333 if being detailed was a person. spot on! πŸ‘@Krystron333
Chibuike_Odoh
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@larryajax thanks y'all πŸ‘
sarki83
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Please sir can you help me with SLP predictionπŸ™πŸ»
Chibuike_Odoh
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@sarki83 i don't have an analysis on SLP
Krystron333
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Can you please do a chart on Elon and Shib? Blessings to you brother. You are a genius.
Chibuike_Odoh
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@Krystron333 I'll check Elon out, I don't have an analysis on shib
Chibuike_Odoh
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@Krystron333 just checked out ELON. The market is looking far gone. An entry now isn't advisable
Chibuike_Odoh
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@Chibuike_Odoh @Krystron333 it'll be regarded as FOMO (Fear of missing out)
Chibuike_Odoh
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@Krystron333 Your market strategy should be always be entering at buy zones, not when it's already pumped like ELON
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