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 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.
- Falling wedge - Low selling volume - Bullish divergences in the MACD
Could 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.
Another 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