Polymath Prints High Volume On Falling Wedge (~350% to ATH)
Updated
Polymath (POLYBTC) just printed a high volume bar on a falling wedge pattern, we have the potential for a strong bounce ahead.
Looking at the chart above, we have a falling wedge which is a bullish pattern and a breakout attempt which was quickly rejected, but this can be taken as an early signal for future bullish action.
If EMA10 or the falling wedge trendline can be broken with good strength and volume, POLYBTC can do an impulsive move to the upside.
Current price is trading at new all-time lows. The only time POLYBTC went lower happened on the 14th August '18 and 22 February '19, only by a wick. So basically we have POLYBTC trading at new lows.
This is a friendly reminder and not a piece of trade advice.
All information shared for learning and entertainment purposes only.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Looking at the chart above, we have a falling wedge which is a bullish pattern and a breakout attempt which was quickly rejected, but this can be taken as an early signal for future bullish action.
- We can see the MACD going flat and starting to curve up.
- The RSI recently hit oversold and is coming out of it. Almost always a bullish wave follows after the RSI hits oversold.
- Up to 350% profits potential to All-Time High (ATH).
If EMA10 or the falling wedge trendline can be broken with good strength and volume, POLYBTC can do an impulsive move to the upside.
Current price is trading at new all-time lows. The only time POLYBTC went lower happened on the 14th August '18 and 22 February '19, only by a wick. So basically we have POLYBTC trading at new lows.
This is a friendly reminder and not a piece of trade advice.
All information shared for learning and entertainment purposes only.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Note
Looking beautiful, we are following the blue path... PolyMath is getting ready.
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