Long
DOUBLE BOTTOM $POLX
POLX really intrigues me.. i think a lot gains are to be made, the only thing i can think that this pattern ends up being is a double bottom. My previous thought of a C/H doesn't make sense.As you can see on the Adex Polx on the weekly is pretty much starting to bottom out. Thus far it's hit the .786 , it could go a bit lower and form a double bottom at the .886 as denoted by the green dotted line.
All the targets are as shown.
Good Luck!
Note
-
POLX will have a small pump, but don't get it twisted the overall structure for POLX is extremely bearish. And this is assuming where it's currently at is the bottom- The team is selling tokens & there’s no real demand for it. 12 Billion tokens have been added to the circulating supply since April’s… in April it was 53, now it’s showing 65. 12 Billion tokens is a lot of tokens
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.