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 on the 50MA which in past has been a point of support for price
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.