Polymath has been accumulating for almost 1 year. Same type of accumulation as ADA.
After hitting a high of 0.00000642 BTC, the day before the polymesh network release, the price corrected almost 40% against btc. Hitting the 0.618 fib retracement from the bottom to the local high. It looks like poly has just found a new bottom. Although there is no certainty about this exploding right now, a breakout of 0.00000642 would form a big cup and handle reversal pattern.
The best way to trade it is to trade the breakout, to avoid getting stuck in a coin that could stay range bound for weeks.
As usual this is just for educational purpose.
After hitting a high of 0.00000642 BTC, the day before the polymesh network release, the price corrected almost 40% against btc. Hitting the 0.618 fib retracement from the bottom to the local high. It looks like poly has just found a new bottom. Although there is no certainty about this exploding right now, a breakout of 0.00000642 would form a big cup and handle reversal pattern.
The best way to trade it is to trade the breakout, to avoid getting stuck in a coin that could stay range bound for weeks.
As usual this is just for educational purpose.