POLYLASTIC - Bottoming Out! Polylastic looks like a really good buy as we're near the absolute lows. We have a parabolic curve which is flattening indicating that there may be a breakout very soon. Ideally we'd want to see one more drop before we move higher.
Trade idea:
- watch for a strong break out and enter with stops below the lows
- If we move down once more, watch for bullish price action at the double bottom region.
- Enter with stops below the double bottom
- Targets: 0.24 - 0.44 - 0.8
Goodluck!
Polylastic
POLYLASTIC - See Something Familiar? 🤔POLX is making some really interesting price action.
If you look at the price action in the grey box, they look almost identical. The last time we saw that price action, we broke out around 250%! We could be seeing another breakout like this very soon.
Trade Idea:
- Watch for a break of the descending red trendline
- Enter with stops below the major ascending black trendline
- Target highs as first TP and then manually manage your other position
Keep an eye out for bull flags on lower timeframe for additional entries!
🏂 GEMHUNTING: POLX- 200EMA/SR FlipToday I went over micro caps looking for some decent setups and found this 5,747,918$ market cap coin. The price is currently in the area of previous resistance which is currently acting as support. It is also being supported by 200EMA(which is about to appear tomorrow as it's going to be the 200th daily candle) and dynamic support (orange)
Targets: All marked levels on the chart + mid/top of the channel trendline -- if things go right possible long term hold with no specific targets
Not a 100% relevant comparison but "If Polylastic had The Graph's market cap of $4.3B, 1 POLX would be worth $0.47, an upside of 412 x" - used BINANCE:GRTUSDT for comparison because both have something to do with indexing stuff.
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About POLX:
Polylastic is a cryptocurrency that operates on the Binance Smart Chain blockchain network. At its core, Polylastic is a bunch of indices that will own assets, which is represented by a bunch of smart money. In a way, it's a bunch of dynamic exchanges that pose an enormous potential in synthetic assets, elastic finance, derivates, artificial intelligence.
Polylastic Index tracks the token performance within the ever-evolving Elastic Finance industry (EFi). The index includes the elastic cryptocurrencies, seigniorage tokens, and others, and is weighted on the basis of the value of community support measured by the number of stakers and its market cap.
Why is Polylastic unique?
Polylastic has cutting-edge technology that sets it apart from its competitors. With a wide variety of indices, which are based on off-risk models, aiding in assessing various risk appetites. Through index investing, it streamlines the process of broadening the exposure to the wider crypto market. Besides, the users can gather knowledge and gain rewards through staking the Polylastic tokens, and they will be rewarded for the index's health.
Stakers can allot the stake to any index through support and increasing its weight. With this design, the Polylastic network can capture innovation while keeping the community sentiment and capturing the DeFi space's pulse. Polylastic does this with network taxation, which is distributed 3% each amongst the holders, liquidity on DeX and 3% is burned, thereby ensuring the price remains stable.
Source: kalkinemedia
