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
Polymathbtc
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
POLYMATH BTC RETRACEMENT Polymath against BTC is situated into an ascending channel and probably will make a breakdown becouse:
-We have a STOCH Bearish cross confirmed
-Macd it s still overbought and volume of buy it s decreasing
-Rsi near overbought zone
If you want to get some polymath for long term you can enter at fib supports: 4078 sats which is the 61.8% fib support and 3683 sats which is the 50% fib support and also polymathbtc support line FROM 12 sept 2018
Poly Analysis - CryptoWhite1 -Follow Me On Trading View For More Strong Analysis............
Keep An Eye On Poly Buy On Break Out If Not Break The Resistance Then Wait For Handle Then Buy After Breakout
Targets Are
1st Target - 5000
2nd Target - 5700
3rd Target - 6300
4th Target - Moon...........
Good Entry Price Is : 3800-4050
Note : This Is Not A Financial Advice U can Trade With Your Own Risk ..................
