Hi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY) with Bitcoin pair.
On a 4-hr time frame POLY has formed a huge bullish Butterfly pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath got rejected by the strong trendline resistance around 544s sat
-The price keeps dropping for 2 weeks now
-It is also trading below the 50W MA which is not good
-If the candle close below Moving Average
-The mid-term price action might become too dangerous
-So please always plan your trade and follow your...
💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath retested the key level of support for the 3rd time
-The market still holding the above this area
-We can see a potential descending triangle pattern
-The pattern is unconfirmed until the support is broken down
-You need proper discipline trading inside this triangle
-Because if you don't follow your...
POLY/BTC
Polymath has been consolidating for 120 days and finally some early signs of bear weakness.
Price has broken above the down-line resistance and trading above 50 Day MA.
Multiple green volumes are seen for 4 days which tells us that buyers are starting to step in.
A big move is about to happen in the coming days.
