Polymath (POLYUSD) is having an incredible 2-day stretch and is testing the Lower Highs trend-line (from October 06 2021) for the first time September 08 2022. A 1D candle closing above it will be a buy signal for us, targeting 0.3250 (the 0.382 Fibonacci) on the short-term and if another candle closes above it, then Resistance 1 (0.4750).
On the contrary, as long as we close below the Lower Highs trend-line, we will sell and target the 1D MA50 (projected target at 0.1850). With the 1D RSI testing the overbought Resistance, there are high probabilities for a rejection.
I think that the range of possible price movements is not allocated quite correctly, it is worth checking them through the volume profile. But in general, I support the idea, the description is detailed, the technical analysis is qualitative. Thank you for your work!
SwallowPremium
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Good view on the market)
SwallowPremium
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Great insight, keep them coming!
Solldy
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The market now, unfortunately, is boring, but in general the idea is not a bad one. I think we can get at least a small profit from this idea.