Polygon will the course rise by another 50%?

After a breakout, the polygon course was also able to retest the trend line and thus confirm the breakout from the triangle. Now the price is starting to rise again. But how far could it go up and will we see a correction in between? Today we explain to you about the polygon course.

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Polygon course successfully breaks out of the triangle!

As previously written, the polygon course was able to break out of the symmetrical triangle successfully. The triangle's target remains at approximately $ 2,677. This is also where the current all-time high is located. We could achieve this goal as early as next week. The price performed a doji in the past week, which indicated another trend reversal. This week seems to be bullish as well, which is why we expect another green candle in the next week. With this we could test the current all-time high or even exceed it.

The polygon course formed a possible ABC sequence during the last major correction. However, this ABC sequence is not yet activated. It is activated as soon as the price forms a new all-time high or rises above point A. Should the polygon course follow the goal of the triangle, as we expected, we would activate the ABC sequence. So the target of a new all-time high would be around $ 3.31. There is the 100 ext. ABC sequence line. After the polygon course has reached the goal, it could go up towards $ 5. The ultimate goal is between $ 5 and $ 6.

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