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Polymath VS Bitcoin Found Support
On the 26th of June, Polymath found the bottom at 4260 satoshis. Then price went up, gaining 56% against the Bitcoin, when it hit the high at 6650 satoshis. There it has rejected the 23.6% Fibonacci retracement level applied through the all-time high.
POLY/BTC then corrected down and today seems to have rejected the 61.8% Fibonacci retracement level at 5170 satoshis. At the same time POLY rejected the 3/1 Gann Fan trendline.
Obviously there is strong support, which could be the starting point for the uptrend continuation. But perhaps it is too premature to talk about the uptrend with confidence, and break and close above the 6650 high could be that long waited confirmation.
But currently price is likely to consolidate between 5170 and 6650 satoshis. At the same time, if the 5170 support will be broken with confidence, price is likely to continue moving lower towards one of the Fibonacci support levels.
POLY/BTC then corrected down and today seems to have rejected the 61.8% Fibonacci retracement level at 5170 satoshis. At the same time POLY rejected the 3/1 Gann Fan trendline.
Obviously there is strong support, which could be the starting point for the uptrend continuation. But perhaps it is too premature to talk about the uptrend with confidence, and break and close above the 6650 high could be that long waited confirmation.
But currently price is likely to consolidate between 5170 and 6650 satoshis. At the same time, if the 5170 support will be broken with confidence, price is likely to continue moving lower towards one of the Fibonacci support levels.
交易结束：到达目标
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。