Horizontal lines can be drawn and used as points of resistance
The recent bull move kicked price up to the middle line
Now the move we are seeing may extend to the upper line, breaking past the horizontal resistance in red
1.618 of this fib circle seems to be acting very bullishly for POLY
I would like to see 0.5c
What a amazing pump!
It’s nice to see such a big pump during these market conditions.
All eyes on the weekly close this Sunday. We want the weekly candle to close above the current trend line we are just under.
What’s everyone think?
Hi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY).
After the previous major drop of 2020, I shared the below harmonic move with you and Poly surged more than 750%
Now after the current major drop, on a weekly time frame, Poly has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is...
POLYUSD is in favour of the bulls at this point
After a period of consolidation and a minor downtrend, price has reached a point where it is time to move up again
This downtrend period can be displayed as a triangle pattern
Three lines can be drawn along trends in the downtrend, the third showing where price has placed itself right above
It is also sitting right...
Big wedge:
On the weekly chart, the price action of the Polymath token is moving in a falling wedge pattern. The volume profile is showing less interest of traders close to the support and strong interest above the resistance of this pattern. The lower bands of Bollinger bands is also above the support of the wedge and the upper band is also above the resistance...
Polymath is an ambitious and a promising blockchain project in the security token space which is building its own blockchain POLYMESH with the help of Charles Hoskinson (Ethereum co-founder and Cardano founder). Poly has been dropping in price against BTC for quite some time and the chart looks quite bullish due to the following reasons.
Price just under 20...
Buy Polymath above 2430 Stoploss below 2150 take profit 2940 ....Divergence formed in one day chart.. maximum trade value is 10-20% of your portfolio.
You can buy if price crosses 2430 level..
