Poly (ex-matic) coin levels 08.12.2024Asper fibanocci level .68 breaks it moves on next level
All levels are weekly closing basis
(DYOR)
POLY
Jindal Poly - Cup & Handle Pattern Breakout Cup and Handle breakout
Breakout zone : 950-955
Stop Loss : 800
Target : 1200 - 1460
Time Period : Medium Term (6-18 months)
Jindal Poly FilmsStock at good support levels
can be bought at CMP for some quick gains
or buy at breakout of the triangle
or buy at retest of the breakout levels
for better Risk Reward
SL 680 levels
Target 960
There is a trading opportunity to buy in POLYBTCTechnical analysis:
. Polymath/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002980 to 0.00002470). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002980)
Ending of entry zone (0.00002470)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00004290
TP2= @ 0.00004740
TP3= @ 0.00005220
TP4= @ 0.00006420
TP5= @ 0.00007790
TP6= @ 0.00009160
TP7= @ 0.00011100
TP8= @ 0.00013570
TP9= Free
A trading opportunity to buy in POLYETHTechnical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00072900 to 0.00063240). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00072900)
Ending of entry zone (0.00063240)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00080150
TP2= @ 0.00086840
TP3= @ 0.00096640
TP4= @ 0.00109970
TP5= @ 0.00123360
TP6= @ 0.00142320
TP7= @ 0.00166570
TP8= Free
