POLYMATH POLY: what's next for POLYUSDTif POLY is able to hold the current trend line it may test above test line levels. Break on either side from the triangle will decide which way its going to move next. 0.70 and .64 are important levels of support.
POLYETH
POLY/BTC (Close Below 50W MA?)💎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 stop loss location
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POLY/BTC (Retested Key Level Support 3x)💎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 trading plan
-Chances of losing big in your portfolio will increase
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POLY/BTC (Testing Major Support Area)💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath is now testing the major support area
-This zone is a confluence of previous support and resistance
-I don't recommend to enter a buy position now
-My advice is to wait to form a consolidation base
-And look for any reversal signs like pattern
-You may enter on the upside breakout confirmation
-Target the previous support area at 400s sat
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POLY/BTC (Neckline Breakdown)POLY/BTC
-The support located at 420 sat range is already broken down
-Since there is no clear support located after the breakdown
-It will likely revisit the 200D MA plus previous resistance zone
-That's the key areas where Buyers will enter the market
-For potential Bounce trade setup to retest the previous neckline support
poly btc updatefully Bullish After Breakout Of Nack Line , Big Announcement Expected Incoming Days . perfect entry for mid term
POLY-BTC painting a CUP with favorable Ichimoku and potential HLPolymath 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 SMA of 320 sat and a move move will see quick short term gains to 365 which is the daily BUY Trigger as of today.
Ichimoku cloud 'KUMO' is getting narrower with a potential move above the cloud which will bring HL confirmation and a potential longer term bullish price movement.
Security token space is still at its infancy and has a huge potential. Given Polymath has the first mover advantage with lot of respectable and reputed Partners, the best is yet to come.
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Entry: Below 315
Targets: 365, 425, 633
SL: 290 recommended (Just below 293 Daily LL)
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There is a trading opportunity to buy in POLTETHTechnical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00062600 to 0.00055660). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00062600)
Ending of entry zone (0.00055660)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00072200
TP2= @ 0.00084030
TP3= @ 0.00092080
TP4= @ 0.00106520
TP5= @ 0.00115040
TP6= @ 0.00142260
TP7= @ 0.00166170
TP8= Free
POLY: POLYMATH Making Bullish Channel !!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 !!
A trading opportunity to buy in POLYETHTechnical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00072900 to 0.00063240). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00072900)
Ending of entry zone (0.00063240)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00080150
TP2= @ 0.00086840
TP3= @ 0.00096640
TP4= @ 0.00109970
TP5= @ 0.00123360
TP6= @ 0.00142320
TP7= @ 0.00166570
TP8= Free
A trading opportunity to buy in POLYETHTechnical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00072900 to 0.00063240). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00072900)
Ending of entry zone (0.00063240)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00080150
TP2= @ 0.00086840
TP3= @ 0.00096640
TP4= @ 0.00109970
TP5= @ 0.00123360
TP6= @ 0.00142320
TP7= @ 0.00166570
TP8= Free
