Poly
Today’s coin of the day is Polymath, a relatively new coin to the crypto market. Looking at our highest timeframe we see price has hit resistance and formed and ATH at 13500 satoshis. Since then price has remained in a bearish channel forming a lower high at 12500 and again at 11500. Price has bounced off our 9000 satoshis support. A 4hour close above 11000 activates our trade or a double bottom bounce near 9000. Stochastic RSI on daily showing momentum is heading towards the upside, although there are no confirmations of bulls.
Conclusion
Wait for daily close above 11000, potential drop towards 9000 satoshis if rejected at this level.
Today’s coin of the day is Polymath, a relatively new coin to the crypto market. Looking at our highest timeframe we see price has hit resistance and formed and ATH at 13500 satoshis. Since then price has remained in a bearish channel forming a lower high at 12500 and again at 11500. Price has bounced off our 9000 satoshis support. A 4hour close above 11000 activates our trade or a double bottom bounce near 9000. Stochastic RSI on daily showing momentum is heading towards the upside, although there are no confirmations of bulls.
Conclusion
Wait for daily close above 11000, potential drop towards 9000 satoshis if rejected at this level.
