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
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 CAN PUMP MOREI think this currency can still move upwards. Don't forget stop loss and capital management
Polymath (POLY) - June 27hello?
Traders, welcome.
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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
POLYUSD falling wedge bullish breakout on DailyPOLYUSD breakout to upside. bouncing off .886 fib reset since selling off from recent swing high.
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 - FIRST TARGET 300% + Profit (1H) - Final Target $5+POLY - FIRST TARGET 300% + Profit (1H) - Final Target $5+
Matic Trend$Matic been following this flagpole for the last 14, watching closely for a upwards breakout.
POLY/BTC (Close Below 50W MA?)💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath got rejected by the strong trendline resistance around 544s sat
-The price keeps dropping for 2 weeks now
-It is also trading below the 50W MA which is not good
-If the candle close below Moving Average
-The mid-term price action might become too dangerous
-So please always plan your trade and follow your stop loss location
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POLY/BTC (Retested Key Level Support 3x)💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath retested the key level of support for the 3rd time
-The market still holding the above this area
-We can see a potential descending triangle pattern
-The pattern is unconfirmed until the support is broken down
-You need proper discipline trading inside this triangle
-Because if you don't follow your trading plan
-Chances of losing big in your portfolio will increase
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Trading Involves High Risk ⚠️
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POLY/BTC (Testing Major Support Area)💎Technical Analysis Summary💎
BINANCE: POLYBTC
-Polymath is now testing the major support area
-This zone is a confluence of previous support and resistance
-I don't recommend to enter a buy position now
-My advice is to wait to form a consolidation base
-And look for any reversal signs like pattern
-You may enter on the upside breakout confirmation
-Target the previous support area at 400s sat
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POLY/BTC (Neckline Breakdown)POLY/BTC
-The support located at 420 sat range is already broken down
-Since there is no clear support located after the breakdown
-It will likely revisit the 200D MA plus previous resistance zone
-That's the key areas where Buyers will enter the market
-For potential Bounce trade setup to retest the previous neckline support
POLY/BTC (Up to 66% Profit)POLY/BTC
Polymath has been consolidating for 120 days and finally some early signs of bear weakness.
Price has broken above the down-line resistance and trading above 50 Day MA.
Multiple green volumes are seen for 4 days which tells us that buyers are starting to step in.
A big move is about to happen in the coming days.
Polymath failed uptrendCould potential hit mid support.
Price trend seems breaking resistance of trend line but lost momentum and turned into bear market.
It is because BTCUSD has dropped significant. Since market is in fear, price may fall into more bearish for few days.
Poly Hard To Pass UpAnother alt that is hard to pass up at these prices. This looks bottomed out to me, I am scaling into this and will buy lower if I need to