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
Polymathbuy
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 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 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
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
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 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.
------------------------------------------------------------------------------------------
Polymath/Bitcoin (29 May) #POLY $POLY #BTC $BTC#BUY #WAIT
Current price : 1240
Buyzone : 1200
Sellzone : 1690-2000
Stoploss : Below 1100
POLY buy opportunity!POLY has reached support zone this could be nice buy opportunity.Potential targets on the chart. Stop if we go below trend-line.
Divergence formed in Polymath (POLYBTC)Buy Polymath above 2430 Stoploss below 2150 take profit 2940 ....Divergence formed in one day chart.. maximum trade value is 10-20% of your portfolio.
You can buy if price crosses 2430 level..
