Polymath is an ambitious and a promising blockchain project in the security token space which is building its own blockchain POLYMESH with the help of Charles Hoskinson (Ethereum co-founder and Cardano founder). Poly has been dropping in price against BTC for quite some time and the chart looks quite bullish due to the following reasons.
Price just under 20 SMA...
. Polymath/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of temporary retracement...