Hi 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...
1. Diagonal Fibbonachi 2. Downward price movement 3. RSI > 80% 4. Economic recovery 5. Bitcoin is in demand
Wave C of A-B-C formation is likely in development. 200EMA worked well as a support during the past 4 weeks. Short #POLY if 1620 level doesn't hold on daily (and subsequently RSI upward trend is broken) with targets: 1490 (100% Fibo and a descending chanel low boundary) - most likely. 1207 (161.8% Fibo and a long time support trend line going through Oct'18,...
Buy Price: Yellow Line TP: Green Lines Moon: White Line Support: Blue Line SL: Red Line (I don't recommend you to sell in loss.) Invest Suggestion: 5-10 Percent Profit Expectations: 5, 10 or >20 Percent Just hold and watch. Sell when you get some profit. Good Luck! Looks Good? Leave a like, share and tell me in comments if my trading advices are...