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.
POLY/BTC chart looks really interesting.
Look at the volume profile: we are at the highest volume node; the point of control has been retested so many times that it seems once we surpass it, the firework will start. Some hot news could easily drive it.
CMF & RSI show strength on the daily
Volume increase while trading in a tiny trading range, which testifies...
Hi Guys As you are looking POLYBTC It is Right now on Demand Zone.
Read the Chart carefully for Taking profit and stop area.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line (I don't recommend you to sell in loss.)
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for...
Polymath making Bullish Channel if Price Dropped Between 2800-2900 then we have a Buying Opportunity.
Reasone is Fib 0.5 Level also Restest on given Buying Zone .
Selling Zone will be Around 6000 satoshi.
Let See !!
Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Expect some rally from here.
polymath already bottomed, nice cup and handle pattern formed on 1d chart polybtc binance.
PATIENCE IS KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit...
I see that POLY trying again and again to break the resistance on 4159 sats but it's fail. Due to the lack of push i bet we might revisit the nearest support at 3366 sats.
Even i'm bearish for short term, i'm really expecting poly will touch the closest fibo level which at 4727. I don't know which one is the first but i will divide the entry become two or even...