Polymath Enters Decision Point, 40% Jump Next?

3 Feb 2020

Polymath (POLYBTC) is now back above EMA50 after a new low was hit and multiple bullish signals are starting to develop... Let's take a look at those:

• The MACD and RSI continue to move higher, both are now bullish.
  
• Downtrend line broken.
  

Prices for POLYBTC are now headed towards EMA100 at 0.00000277, this is an important level to look out for, if it can be conquered, a stronger jump can follow and 0.00000368 can be hit for up to 46% of profits. But if instead EMA100 or 0.00000277 is too strong to break, we will see prices linger around the decision point until another attempt to move higher is made.

Bear volume is very low on this chart, sellers are fully exhausted. It is very likely now that Polymath will start to grow and only gain momentum while doing it.

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