Polymath (POLY) formed Butterfly | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY) with Bitcoin pair.
On a 4-hr time frame POLY has formed a huge bullish Butterfly pattern:
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
Polybitcoin
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.
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.
------------------------------------------------------------------------------------------
Entry: Below 315
Targets: 365, 425, 633
SL: 290 recommended (Just below 293 Daily LL)
------------------------------------------------------------------------------------------
Check my 'Scripts' page to see my published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.
------------------------------------------------------------------------------------------
Poly/btc analysis Poly/btc analysis using Elliott wave and trends
BUY ZONE :679~610
TARGET :1850~2216~2581~2835~~3756
Polymath/Bitcoin (29 May) #POLY $POLY #BTC $BTC#BUY #WAIT
Current price : 1240
Buyzone : 1200
Sellzone : 1690-2000
Stoploss : Below 1100
There is a trading opportunity to buy in POLYBTCTechnical analysis:
. POLYMATH/BITCOIN 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 42.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002460 to 0.00002067). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002460)
Ending of entry zone (0.00002067)
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= @ 0.00002916
TP2= @ 0.00003470
TP3= @ 0.00004290
TP4= @ 0.00004730
TP5= @ 0.00005220
TP6= @ 0.00006420
TP7= @ 0.00009160
TP8= @ 0.00013570
TP9= Free
Daily Bullish Signal $POLY #POLY #POLYBTC #BTC $BTC (01-04)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Daily Bullish Signal $POLY #POLY POLY/BTC (11 Dec)BLUE ARROW indicates the EXPECTED Targets and Time
Level Stoploss point up to maximize profit and reduce risk
Follow me for more signals daily
There is a trading opportunity to buy in POLYBTCTechnical analysis:
. Polymath/Bitcoin 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 43.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002980 to 0.00002470). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002980)
Ending of entry zone (0.00002470)
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= @ 0.00004290
TP2= @ 0.00004740
TP3= @ 0.00005220
TP4= @ 0.00006420
TP5= @ 0.00007790
TP6= @ 0.00009160
TP7= @ 0.00011100
TP8= @ 0.00013570
TP9= Free
There is a trading opportunity to buy in POLYBTCTechnical analysis:
. Polymath/Bitcoin 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 43.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002980 to 0.00002470). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002980)
Ending of entry zone (0.00002470)
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= @ 0.00004290
TP2= @ 0.00004740
TP3= @ 0.00005220
TP4= @ 0.00006420
TP5= @ 0.00007790
TP6= @ 0.00009160
TP7= @ 0.00011100
TP8= @ 0.00013570
TP9= Free