After being listed on UPBIT, price moved up to breakout from the pennant flag pattern.
On the daily time frame, price is clearly making a new move to the upside as the chart contains little data with few information.
The pennant flag pattern is acontinuation pattern formed by a large move in price( this large move is called the POLE). Price has brokenout of the flag and currently consolidating between the 0.618fib and 0.786fib. The oscilator( STOCHASTICRSI) is fully oversold and is gradually crossing the 20 oversold area. The height of the pole should always be the height at which the target is pegged at. AS SHOWN BELOW:
The BULLISH HIDDEN DIVERENCE
When price is spotted making a HIGHER LOWS and oscilator is spotted making a LOWER LOWS, this is signalling that price will about reverse to move to the up side and suggesting that a position should be take at its current level.
Technicals suggests that POLYBTC chart is looking bullish with little consolidation at its current price range.
BUY : 0.00010928sats down to 0.00010098sats
SELL: 0.00016000sats up to 0.00018000sats
STOP LOSS: 0.00009198sats
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.