Polymath (POLYBTC) just printed a high volume bar on a falling wedge pattern, we have the potential for a strong bounce ahead.
Looking at the chart above, we have a falling wedge which is a bullish pattern and a breakout attempt which was quickly rejected, but this can be taken as an early signal for future bullish action.
We can see the MACD going flat and starting to curve up.
The RSI recently hit oversold and is coming out of it. Almost always a bullish wave follows after the RSI hits oversold.
Up to 350% profits potential to All-Time High (ATH).
If EMA10 or the falling wedge trendline can be broken with good strength and volume, POLYBTC can do an impulsive move to the upside.
Current price is trading at new all-time lows. The only time POLYBTC went lower happened on the 14th August '18 and 22 February '19, only by a wick. So basically we have POLYBTC trading at new lows.
This is a friendly reminder and not a piece of trade advice. All information shared for learning and entertainment purposes only.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Comment
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Looking beautiful, we are following the blue path... PolyMath is getting ready.
in the name of buda , but charging money for a premiun acount in own chanel ... may all humans be happy , may all humans pay in my premiun acc ... sorry man , but i only loose time and money with you , im really desapoint with u analised on BTT 45 days ago u start to recomend to invest in BTT ... and i no want to talk about another coins
AlanSantana
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@bambulero, I will be sharing many more analysis, trades, and coins in the future, so learn how it all works.
Here is the BTTBTC trade, full and active... Namaste.
Zenus
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@alanmasters, keep up the good work, don`t listen to @bambulero. nobody can be right all the time. thank you for your ideas.
AlanSantana
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@Zenus, My pleasure, your support is truly appreciated.
bambulero
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@alanmasters, sorry , just got desperate ... it was a hard month waiting , you do a great job , no lisen to me
AlanSantana
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@bambulero, Understood, all good, no hard feelings. :)