Free Polygen (PGEN) Technical Analysis Signals | Free Crypto Technical Analysis Signals | 09 May

Overal Signals
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
09 May / Daily
Category/Currency
Crypto/USD
Exchange/Country
CCC/--

Polygen (PGEN) signal with technical analysis on 09 May

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 27 suggested buy signal strategies, while 124 indicated sell signal strategies. The remaining 105 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 4
Sell Signals: 29
Neutral Signals: 31
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 8
Sell Signals: 30
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 8
Sell Signals: 33
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 7
Sell Signals: 32
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overal Strategy :
Buy Signals: 27
Sell Signals: 124
Neutral Signals: 105
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Polygen (PGEN) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


SNResult: Looking at the technical analysis for Polygen (PGEN) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Polygen (PGEN) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Polygen (PGEN) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a sell position (short position), it is recommended to consider the expected price range, which represents a potential downside of 6.41% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Polygen (PGEN) holdings.

Polygen (PGEN) Price Analysis and Support Levels:

In our current Polygen (PGEN) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 8.1E-5
The initial support level at 8.1E-5 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 7.8E-5
In the event that the first support level at 8.1E-5 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.



It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Polygen (PGEN), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Polygen (PGEN) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Polygen (PGEN) technical analysis chart

Polygen (PGEN) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 8.9E-5 0.000105 0.000113 0.000159 0.000162
Support 8.1E-5 7.8E-5 -- -- --
Polygen (PGEN) price movement in the coming days

Polygen (PGEN) signals list for 09 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Polygen (PGEN) technical analysis over the past days

# Date Overal Signals ALL Signals
1 08 May Hold HoldHoldHoldHold
2 07 May Sell SellHoldHoldHold
3 06 May Sell NeutralSellHoldHold
4 05 May Hold HoldNeutralHoldHold
5 04 May Hold HoldNeutralHoldHold
6 03 May Buy BuyNeutralHoldHold
7 02 May Hold NeutralHoldHoldHold
8 01 May Hold HoldHoldHoldHold
9 30 Apr Hold HoldHoldHoldHold
10 29 Apr Sell SellSellHoldHold
11 28 Apr Hold NeutralNeutralHoldHold
12 27 Apr Hold HoldHoldHoldHold
13 26 Apr Hold HoldHoldHoldHold
14 25 Apr Hold HoldHoldHoldHold
15 24 Apr Hold HoldHoldHoldHold
16 23 Apr Sell SellHoldHoldHold
17 22 Apr Hold NeutralHoldHoldHold
18 21 Apr Hold NeutralSellHoldHold
19 20 Apr Hold NeutralNeutralHoldHold
20 19 Apr Hold HoldHoldHoldHold
21 18 Apr Hold HoldHoldHoldHold
22 17 Apr Hold HoldHoldHoldHold
23 16 Apr Hold HoldHoldHoldHold
24 15 Apr Hold HoldHoldHoldHold
25 14 Apr Hold HoldHoldHoldHold
26 13 Apr Hold HoldHoldHoldHold
27 12 Apr Hold HoldHoldHoldHold
28 11 Apr Hold HoldHoldHoldHold
29 10 Apr Hold NeutralHoldHoldHold
30 09 Apr Sell NeutralNeutralHoldHold

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