Pattern Similarity with DOGEMy first chart in about nearly 7 years.
I've learned a lot in the crypto space since than.
Full disclosure, this is high risk/ high reward.
DOGE in 2021 did a parabolic move after going sideways for about 3 weeks.
This movement looks quite similar to what POLYX is currently doing.
If my theory is correct, this parabolic movement could bring a new all time high in the $2.50 range, followed by a correction to $0.75 range.
DYOR. Not financial advice.
Polymath
POLYUSD Crucial bullish break out. Just 1week MA100 left now.Polymath / POLYUSD crossed over the Falling Resistance, which has been supressing the price during the Bear Cycle since the August 2021 High.
In the meantime, the price succesfully crossed also over the 0.236 Fibonacci level.
The last Resistance standing is the 1week MA100 (sitting on the 0.382 Fib).
If broken, take a buy position and target 0.4775 (Fibonacci 0.618 and September 5th 2022 High).
Notice that the 1week MACD is very undervalued, on a Bullish Cross under the 0 mark.
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POLYUSD Wait for a clear break out.POLYMATH is having a strong (1d) candle, crossing over both the MA50 and MA200 (1d).
This is not a bullish signal yet as the long term pattern remains a Channel Down, particularly bearish under the Falling Resistance.
Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over it.
Targets:
1. 0.1150 (Support 1).
2. 0.2100 (Fibonacci 0.5).
Tips:
1. The RSI (1d) is overbought. It favors short term selling.
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POLYUSD Crossed over the Bear Cycle's Resistance! Major move!Polymath / POLYUSD crossed today above the Falling Resistance that dated back to September 4th 2021, the start of the Bear Cycle.
This is the first major bullish breakout signal, with the second and more decisive being when it will cross above the 0.382 Fibonacci level.
Be ready to buy that breakout and target the 0.618 Fibonacci at 0.4800, which was the September 8th 2022 (Lower) High.
Previous chart:
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POLYUSD testing the 2021 Resistance!Polymath (POLYUSD) is having an incredible 2-day stretch and is testing the Lower Highs trend-line (from October 06 2021) for the first time September 08 2022. A 1D candle closing above it will be a buy signal for us, targeting 0.3250 (the 0.382 Fibonacci) on the short-term and if another candle closes above it, then Resistance 1 (0.4750).
On the contrary, as long as we close below the Lower Highs trend-line, we will sell and target the 1D MA50 (projected target at 0.1850). With the 1D RSI testing the overbought Resistance, there are high probabilities for a rejection.
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POLY Moving to Substrate/DOT. POLY will be soon be POLYX. +400%This might be the most underrated project in the cryptosphere is it is certainly the most underrated token tied to the Polkadot ecosystem.
Polymesh Network testnet has been launched (aka Substrate/Polkadot)
A tool to help you upgrade your POLY on Ethereum to POLYX on Polymesh. POLYX is the protocol token of the Polymesh blockchain, used for network processing fees, protocol fees for using network modules, and block rewards.
Polymesh Testnet V2 just launched, token studio w DAPP, Staking, Smart Extensions etc.
Polymesh Mainnet Launch is Q1 2020
I believe that POLYX will the be the STO pillar of the Polkadot ecosystem. They have been around longer than Tezos and I feel that Subsrate is a revolutionary technology. Huge potential and the community does not yet understand how revolutionary Subsrate/Polkadot is.
Lots of synergies between Polymath and Gavin Woods Parity
When people start to connect the dots (no pun intended) this thing will explode. See XOR for an idea of the hype around the Polkadot Ecosystem. POLY currently in ninja mode but for how long.
MATIC with the W 😎💰Many #Altcoins had local double tops after the recent run up which look like they could form W bottoms.
Scan your favorite coin and it likely created a local double top or ran into long term trend lines.
MATIC 4hr
Entry: 0.72-0.73
T1: 0.785
Top of the pattern which would become triple top if failure to break the neck line.
T2: 0.835
SL: 2-4% below entry based on risk
Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫡
Never trade with out a stop loss and plan.
POLYUSD - Further Upsides? Horizontal lines can be drawn and used as points of resistance
The recent bull move kicked price up to the middle line
Now the move we are seeing may extend to the upper line, breaking past the horizontal resistance in red
1.618 of this fib circle seems to be acting very bullishly for POLY
I would like to see 0.5c
POLYUSDT(Polymath) Daily tf Range Updated till 09-09-22POLYUSDT(Polymath) Daily timeframe range. another alt which is not that old. for that the chart is clean and not much of reliable data's. but lots of room for progress and devs got room for to put things on their plate. apart from that volume is decent here. we can see some solid positions setups here.
Polymath weekly outlook. What a amazing pump!
It’s nice to see such a big pump during these market conditions.
All eyes on the weekly close this Sunday. We want the weekly candle to close above the current trend line we are just under.
What’s everyone think?
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
Polymath (POLY) formed big bullish Gartley for upto 966% rallyHi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY).
After the previous major drop of 2020, I shared the below harmonic move with you and Poly surged more than 750%
Now after the current major drop, on a weekly time frame, Poly has formed a bullish Gartley 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
Polymath (POLY) - June 27hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(POLYUSDT 1D Chart)
If it finds support and moves higher in the 0.1901-0.2136 area, I expect it to turn into an uptrend in the short-term and medium-term.
So, whether it can move higher than 0.2136 is crucial.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Polymath POLY Price Targets and Stop LossPOLY/USDT
Entry Range: $0.39 - 0.045
Price Target 1: $0.52
Price Target 2: $0.65
Price Target 3: $0.75
Stop Loss: $0.36
🆓Polymath (POLY) Mar-22 #POLY $POLY
The buying force of POLY at $0.38 and $0.4 is still dominated so we can still believe in this zone and expect flash pumps to $0.48 and $0.56. The price area above $0.5 is still rejecting POLY so it needs to form sustainable bullish patterns before thinking of a strong increase in the near future.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.38$ zone
🔴Buy : 0.4 - 0.38
🔴Sell : 0.48 - 0.56
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.38$ zone
🔵Sell : 0.38
🔵Buy : 0.32
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
MATIC/POLYGON My quick analysisIn short term, it is the end of the C.
so it might do a rally->1-2-3-4-5
But the ABC pattern on the big picture seems inevitable.
My guess is it will drop soon in the next 30 days.
🆓Polymath (POLY) Dec-8 #POLY $POLY
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.5$ zone
🔴Buy : 0.55 - 0.5
🔴Sell : 0.7 - 0.9
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.5$ zone
🔵Sell : 0.5
🔵Buy : 0.45
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
POLYUSD Bull AnalysisPOLYUSD 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
POLYMATH POLY: what's next for POLYUSDTif POLY is able to hold the current trend line it may test above test line levels. Break on either side from the triangle will decide which way its going to move next. 0.70 and .64 are important levels of support.
POLY REJECTED AT RESISTANCE!I will not buy this now. Got rejected at resistance and the breakout will certainly happen later. Buy at the S/R flip.
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 .