POLUSDT Bullish🔍 BINANCE:POLUSDT Technical Outlook – May 16 🔍
Bulls are watching the key $0.2390 level! 🔼
If broken, we could see a rally towards $0.2620, then $0.2940, and even $0.3200 if momentum stays strong 🚀
But if price gets rejected... 👀
Watch support at $0.2150 – and if that fails, $0.1900 could be next 🛑
📊 Current zones to watch:
🔴 Resistance: $0.2620 | $0.2940 | $0.3200
🟢 Support: $0.2390 | $0.2150 | $0.1900
Polymetal
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
#POLY short signal on break of EMA200.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, May'19 and Mar'20 lows).
POLY Trading AdviceBuy 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 working for you.
Thanks for visiting.