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Polygon price forecast - chart image shows 100% price increase!



In our last polygon course forecast, we wrote about whether the course could soon rise by another 50%. We have confirmed this by breaking out of the symmetrical triangle and the ABC sequence. The problem here: The ABC sequence would have to be activated first, which only happens as soon as we have a new all-time high. Now the chart shows a new pattern. This pattern has the target of $ 4 and would therefore allow a price increase of approximately 100%. Today we explain to you about the chart of the polygon course!




Polygon course builds ascending triangle!

In our last article we wrote about another possibility why the polygon course could soon increase by 50%. But now a new chart pattern has emerged. This pattern is an ascending triangle and is considered a continuation pattern. Since the price rose between April 2021 and May 2021, the upward trend could continue. The eruption could happen before the end of the year, because we have been in the last third of the triangle for a few days (formations usually erupt in the last third). Since we are currently on the lower trend line, the polygon price could soon be heading for the resistance of +/- $ 2.44. After that it will be exciting. Either we break the resistance and break out or we go towards the trend line again.

If we look at the volume, we can see that as the price increases, it has a steadily increasing volume. As soon as there is a correction, the volume steadily decreases. This means that we are in an uptrend. Next, since the volume is very low at the moment, we might see a pump. This pump could only go as high as the $ 2.44 resistance for now or we may break out straight away. This would also make sense when we look at recent highs. These are steadily higher. So we would expect a new higher high, which would also mean an outbreak.

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