- April 21, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Polymath (POLYUSD) is having an incredible 2-day stretch and is testing the Lower Highs trend-line (from October 06 2021) for the first time September 08 2022. A 1D candle closing above it will be a buy signal for us, targeting 0.3250 (the 0.382 Fibonacci) on the short-term and if another candle closes above it, then Resistance 1 (0.4750).
On the contrary, as long as we close below the Lower Highs trend-line, we will sell and target the 1D MA50 (projected target at 0.1850). With the 1D RSI testing the overbought Resistance, there are high probabilities for a rejection.