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Hi everyone, how are you? today I am taking about crypto POL/USDT Market Analysis. and discussion about this topics among you. I hope this information will be very useful to you.Let's get started.
4H Timeframe Analysis There is a clear downtrend going on in this 4H chart. I am using three indicators here, MA(7), MA(25), MA(99) all above the price, meaning the price is likely to go down. Again, the last candle shows a big red candle which is Strong Sell Pressure. Again, it can be seen that the Support Zone 0.1180 has already been touched, if the Support is broken, it can go down to 0.1150 / 0.1120. If I see the Resistance Zone at this price, 0.1250 is the first resistance0.1290 is the second resistance.
If we analyze the 1D timeframe, we can see that the trend is very weak on the Daily chart. All three indicators MA(7), MA(25), MA(99) are a clear Bearish Trend downwards. Here the market price is making a lower low every day, or a Lower Low pattern and with it the volume is decreasing, Buyers are weak, sellers are strong. If you look for Support Levels here, then Strong Support: 0.1150 and if you break it, it will go to 0.1080 – 0.1050. And if you want to take the trend, then in Resistance Levels, it can be seen that 0.1300 is the first resistance and 0.1380 is the strong resistance. Finally, this shows that there is no Long-term Sentiment, Strong Bearish, and Reversal signal, and if you hold, it can go further down.
1 Weekly Timeframe Analysis However, the Weekly chart is the most important, this is where the real trend is caught. Timeframe analysis shows that there is a big downtrend for a long time. Looking at the indicators, it can be seen that both the Weekly MA(7) and MA(25) are sloping downwards. Again, the Weekly volume is very low, there is no big investor (whale) activity. Along with this, Weekly 0.1150 is also being tested multiple times, if it breaks down, it is possible to go down to 0.1000 or 0.0850. If it almost turns around from here, 0.22 will be a major resistance and 0.3700 – a trend reversal point.
The current market is in a strong downtrend, in all three timeframes (4H, 1D, 1W) Lower high, Lower Low and Moving Average are downwards and Volume is low and 24h change: -5%. And so it can be said that Short-term can go further down, Long-term Buyers are weak, Strong support: 0.1150 and if it breaks, the next target can go to 0.1080 / 0.1000. and I am ending my writing about this here today, thank you all.
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My name is Md. Abdus Samad. I am a Bangladeshi. My district name is Meherpur and Thana Gangni. Union sixteen taka. My village name is Jugirgofa. Currently there are four people in my family. Especially we are two brothers of parents. I am the eldest son of the family. My educational qualification is I am an honors 4th year student of Bengali department.
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