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Polka City/Tether

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POLCUSDT trade ideas

POLCUSDTSince its launch in 2021, it has been in a flat bearish wave, but the current positive is that this bearish wave is at its end, and the targets for the drop and rebound from the red box are between 0.0052 and 0.0014. Yes, it may ascend triple, then the failures will increase to new descending targets, but this ascent will be beautiful in order to benefit from the potential profits If the currency price currently rises above the price of 0.037 before reaching the red box, my internal numbering for the last wave may be inaccurate, but it does not negate the scenario. The positivity begins with the formation of a top higher than 0.0378, then a bottom higher than 0.0125 or equal to it, as a retest of the last bottom, but the positivity is confirmed by settling above the higher weekly volume candle, whose bottom is 0.1133 There are positive price indicators and divergences , but it is preferable to wait for the downtrend to break through and retest it before entering Trade with caution
by belalz
1
Polkacity - Someting is boiling....Polkacity project have seen lot of downside since 12/2021 as all small cap gaming projects. Recently the project got 7 figure funding from a VC firm, assuming the bigger plan will follow. The current 1M$ market cap with ca. 300,000$ daily trading volume is already unusual for such a micro cap project. Will it be a 1 Billion market cap project in the bull run? Probably not. Can it reach 400M$? In my opinion -> Yes it can! That is 400x from these levels! The gaming crypto category as relatively low in market cap compared to DeFi, L1,L2, as similar. Furthermore, the daily hours spent on gaming among Gen Z is skyrocketing! So in my opinion money will go where the biggest upside is which is a gaming industry. Not FA, DYOR.
Long
by Andy_Jaros
Polkacity Touching 0618 Support at 0.60Whilst it has been hit quite hard. Polkacity is still outperforming the majority of the market in the last 3 months. It has had a massive rally to just short of $3. After such a move, a brutal correction is usually expected. As of right now, the price is right above the 0618 fibb support. Bouncing from this zone with Bitcoin would likely mean at least a retest of $1 if Bitcoin finally pumps back to 60k in the coming weeks, or a girthy quick pump back to $1.40 - $2 area. However, the next target for the next ATH may be explosive from here, as Polkacity has a history of massive unexpected green candles. I do think that we see a reversal in this area, however, breaking it would likely mean a few more weeks of pain before seeing fresh ATHs.
Long
by Snare0000