B U L L I S H - polymath on the move again !Polymath up 38% in 24H.
A chart of beauty !
Polymath is a leader and will behave like a leader in the coming up cycle !
WATCH CLOSELY !
Polymath
Polymath (POLY) formed bullish BAT for upto 29.5% moveHi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY) token.
On a 4-hourly chart, ALICE has almost completed the final leg of bullish BAT .
Polymath (POLY) MACD Bullish Divergence Signals UP/GREEN!Let's have a look at a classic... Bullish divergence.
Here is the MACD, just notice the higher lows from to present time (late June).
Now take a look at POLYBTC:
The bullish divergence is a strong signal and very easy to spot.
We also need other signals to support this one, for example, we also take into consideration the break above EMA10 and EMA21.
The entire market sentiment.
The "V shaped" drop/bottom, RSI above 50, etc.
The more signals you have the better.
Here we can say that POLYBTC is starting to aim higher based on the signals that I just mentioned above...
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Thanks a lot for your support.
Namaste.
Looks Similar Still Just A Little Higher UpLooks the same other than the jump it made earlier today. still following the same pattern just just over the main trend line. Adjust for the discrepancy and keep printing.
Up Down Up DownIf everything stays at this rate you could probably play it safe and buy in on the next dip and coast for the remainder of the month as long as we stay shy of any bad news. Take profits at the tops and add a bit on the dips. This isn't financial advice.
Auto-MATICPolygon with the falling wedge setting up. Looking to break out around 1.03-1.02 range. This run should bring us back up around 1.1-1.5 area before a setting up for the next move.
Rounded Bottom idea with Parabolic Curve Theory for POLYBTCThis is a personal research and idea for investment. DYOR and TIT...
This is Polymath $POLY coin against BTC pair on a hourly chart .
ABBREVIATIONS
Rounded Bottom (RB)
Parabolic Curve Theory ( PCT )
Price Action (PA)
BTC ( Bitcoin )
T/K (Tenkan/Kijun; Blue/Yellow lines)
Sats . (Satoshis)
:::DISCLAIMER:::
This is a short-term pattern that will develop exponentially growing price action as it starts to close the cup. It has the characteristics of a PCT structure as it has panic sold these last two weeks describing a parabolic descending curve and bottomed.
As I'm looking at this chart and describing my idea I'm very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action break out of pattern invalidating or at least demanding a reassessment of the idea.
TIME/PRICE PROJECTION
Pattern start: End-May 2021
Estimated end: Mid-June 2021 (about a week after publishing)
Price tag at time of publishing: 643 sats.
Expected price tag at end of pattern: 976+ sats.
Safe trailing take profit area: Recommended trailing take profit at 903 sats. or .786 fib.
TECH INDICATORS
Ichimoku indicators:
-Bullish Kumo cloud.
- Bearish PA, needs to break up over the Kumo cloud.
- Bullish Tenkan over Kijun Sen.
- T/K cross up the first days of May, also bullish nuance.
- Bearish Chikou lagging span below cloud, needs to break up.
- Parabolic SAR below the PA, bullish nuance.
Trade at your own risk...
NEWS CATALYSTS AND BTC VOLATILITY
No news or events upcoming.
Mildly affected by BTC dips.
EXPECTATIONS
I expect a completion of the pattern if BTC doesn't pull PA out of pattern. If it does, this idea may need to be revisited.
ATM there's a measured move if PA breaks out of the bull flag shown in the snapshot below. Measured Move equals about 54% profit.
POLYBTC getting bounced from the support of wedgeBig 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 of the wedge pattern. The stochastic is in the oversold zone but did not give bull cross or buying signal so far. MACD has turned weak bearish from strong bearish.
Monthly big BAT:
On the monthly time frame chart, the price action has formed a big bullish reversal harmonic BAT pattern and entered the potential reversal zone.
Weekly SMAs:
On the weekly chart, the price action is moving below the 50 simple moving average. The 100 SMA is aggressively moving down to cross down the 50 SMA that will be a very powerful bullish event.
Conclusion:
The price action is at the support of a wedge and also entered in a potential reversal zone of big BAT. Therefore there are big chances that the price action will start a very big bull run soon.
POLYBTC completed bullish BAT for up to 126% bullish rallyHi friends hope you are well, and welcome to the new update on Polymath (POLY) token.
On the long-term monthly time period chart, the price action of the Polymath has completed the final leg of bullish BAT and entered in potential reversal zone.
Possible profit and loss ratio:
This trade has profit possibility of 126% and the loss possibility is only 15.5%
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.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
Polymath (POLY) Higher Low & Bullish ActionHere we show you the higher low for Nov. compared to May for POLYBTC:
I guess you know this signal clearly by now.
We can also see POLYBTC above EMA50 and challenging MA200.
We also have higher lows short-term.
The indicators support additional growth.
We are looking at 43% from the current price to our "main target".
Namaste.
---
Disclaimer: This is not financial advice.
Do your own research before trading.
All the information shared on this channel is intended only for learning and/or entertainment purposes.
Polymath... Zoom Out To See 1221.12% Potential to ATHLet's take a look at POLYBTC and MA200.
To left, you can see what happened when this level was first conquered earlier this year.
This same line/price level is being challenged today.
Now, zoom out to see over 1221%...
Here you can see the potential profits to ATH.
This is completely possible since we also have a higher low compared back to January.
Just as we hit new lows, we can also hit new highs.
The next altcoin market bull run will be of epic proportions.
Namaste.
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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Polymath (POLY) Back Above MA200, Next 47% MappedPolymath (POLYBTC) continues to consolidate while printing higher lows.
Right now, prices are back above MA200 and EMA200, which opens the doors for additional bullish action.
We can expect momentum to build up and an easy 47% price jump as long as prices remain above MA200.
Thanks a lot for reading.
Namaste.
Polymath Bulls Are Back In PlayPolymath (POLYBTC) is looking good after the MA200 black line holds as support.
First, we saw MA200 being conquered back in May which led to 130%+.
Prices started to retrace and MA200 worked as support (light blue).
After a 'lower high', MA200 was tested again and broke...
Today, we are seeing prices moving back up.
The bulls are back in control.
We also have a strong RSI and a bullish MACD cross.
Let's keep it simple:
Bullish above MA200...
Bearish below.
Namaste.
POLY/BTCI think the bottom was in for Polymath. Downtrend was broken a long time ago.
Whatever path it takes, I envision a 5x from current levels. Been flipping this since my initial buy at 250 sat range back when altcoins died in March. In my opinion, this is a reasonable place to start a position. Could take a while, and feel free to take profit on the way up.
Markets in general are shaky (but when are they not).
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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Not Financial Advice
Please Exercise Risk Management
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Happy Trading! --> Thank You! :)
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