POLYBTC

POLYBTC

PAIR:POLYBTC

The inverted roof pattern spotted in th 1hour time frame. The name is based on its complement, the roof chart pattern.

It looks like a roof that is upsaid down.

Price trend Can be any direction leading to the pattern.
Shape    Has a horizontal or near horizontal top with a V-shaped bottom, making the entire structure look like the bottom half of a diamond.
The best performing inverted roof chart patterns appear after a sharp rise like you sometimes see in diamond top chart patterns.
The two halves of the inverted roof chart pattern should appear symmetrical. Allow variations, but most look like a V with price touching the horizontal top often.
Make sure the pattern isn't a head-and-shoulders bottom or a complex head-and-shoulders bottom. The pattern confirms as valid when price closes outside the chart pattern trendline boundary.

Wait for confirmation before placing a trade because the breakout can be upward or downward(most times it is upward)

A strong resistance at 10479sats.

Technicals suggests that more upside will come to play, as different chart patterns are being spotted on the coin.

VERDICT:
BUY : 0.00010731sats
SELL: 0.00012440sats
STOP LOSS: 0.00009770sats

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

 

 

 

 

 

 

 

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