Polygon(POL) bull market has not ended yet!

12月10日

Recently, Polygon had reached $0.768 which is the highest price during last few months.
Now the price is dropping pretty much from the highest point, but I still believe this is not the end of altcoin season, also the season of Polygon.



I think the recent price drop was inevitable since RSI was in overbuy area for few days. The point is, If the price continues to be supported at the 0.382 level of $0.55, I think the upward trend could continue, leading to a rally up to the 1.0 or even the 1.272 level. And in that case, price would be between $0.97 ~ $1.08.

Moving average golden cross has just appeared. It is still worth to wait and look.

12月11日

交易开始

11th Dec. 2024 14:00 UTC

Looks like the price is supported near $0.55 for now... Now there will be two possible scenarios:

1) Continues it's rise until the level I mentioned(1.0 and 1.272 level of fib. extenstion, $0.97~$1.08) OR;
2) Fails to break bearish trend and falls again. In that case, the next possible support will be the level of 0.618($0.45), but I hope not to see this scenario actually happens since it may considered as a trend change to a bearish market again.

The next levels to watch will be $0.65 and $0.71. If the price breaks those resistence level and go up, we can think we are in #1 scenario.

7天前

交易结束：到达止损

I'm still holding my POLs and keep trading, but looks like we are in #2 scenario unfortunately.

The next possible support will be;
1) $0.47 - 120 days moving average line or,
2) $0.45 - 0.618 level of Fib.

I will share my detailed idea in a next post.

But remember guys, we've experienced similar amount of drop before a grand finale for past few years. Hope this is not the end!

7天前

注释

** Correction: 120 days -> 60 days