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.
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Entry: Below 315
Targets: 365, 425, 633
SL: 290 recommended (Just below 293 Daily LL)
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Polymath
$POLY, Crossed with spike in volume over ~350 sats resistance...$POLY
Crossed with spike in volume over ~350 sats resistance(never flip into support)
If continuation happens, aiming for a ~385sats retest as 1st target
If it decides to test ~350sats 1st, then it could be a good place for an long entry with SL under support
Set alerts
#POLY
Polymath (Oct 09) #POLY $POLY #BTC $BTCWhat to know :
- My Red Arrow indicates the expected target and expected time
- All Free Signals are hidden the trade info
Polymath entering accumulation phasePrice Analyis:
Polymath indicates to be in an accumulation zone. The daily and 4H MACD and RSI have higher lows and are trending upwards. There is also high volume in the past few days signalling accumulation.
The price may lower a bit further but not much as the market cap is very low (~11Million) which is way below their ICO raise (~200 Million).
Fundamentals:
Polymath is aiming to be a one stop shop for Security Token Offerings (STO) which is a multi-trillion dollar industry. STOs will be the next booming thing similar to what happened with ICOs in 2017.
In addition, IOHK & Cardano founder Charles Hoskinson has taken the role of chief architect of the Polymesh blockchain product which is a STO focused blockchain built by the Polymath team. Polymath token holders will be able to exchange to Polymesh tokens in a 1:1 ratio once Polymesh is up and running (projected release around Q2 2020). The projected release of Polymesh falls around the time of with bitcoin halving. This could lead to massive retail and institutional participation in the cryptoverse ( non-bitcoin projects) and drive the Polymesh coin to a multi billion marketcap.
For short-term traders:
Targets:
1. 430 sats
2. 500 sats
3. 560 sats
*Note: These are speculations. Do not use this as financial advise. Please do your own research.
Polymath
Polymath is a security token platform that utilizes the ST-20 token standard to guarantee compliance with government controls when issuing digital securities.
Polymath centers on KYC, AML, and different legalities to guarantee administrative consistence with securities laws. ICOs experienced harsh criticism from government controllers around the world in 2017 and 2018.
News Source: TheCoinRepublic
Polymath (POLYBTC) long.All description on the chart.
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Thank you.
POLY/BTCSignal
POLY/BTC
BUY
Open 400;
SL 389;
TP 546;
Risk/Reward: 1/13.27
If you look at indicators you can see growing RSI and AO during consolidation at the chart.
LONG - POLY - Trading Opportunity Breaking out of ma50 after a good consolidation, making a flag in lower timeframes.
Entry: 0.00000777
TP 1: 0.00000868
TP 2: 0.000001033
SL 0.00000729
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POLY/BTC, Long + ShortOn the long term, POLY/BTC has hit his ATL, it looks ready for a pump. If it happens we would get a bearish crab pattern with a short starting once the price hits the 7300 area. It's a really early time for the pattern and the short but concerning the long it might happen very soon as we are entering the alt season :)
$POLY rectangle pattern potentially forminglooking for recent lows to hold , recent PA favoring the bottom half of the channel is not leading to confidence in bulls