Polygon: More (short-term) Upward Potential

For Polygon’s POL, we primarily expect further corrective rises during the blue wave (iv), but below the $0.51 mark, renewed sell-offs should take over. These declines should then drive the price down below the support at $0.15, allowing the large wave [2] to reach its conclusion there. Our alternative scenario – where the low of wave alt.[2] in green would be already behind us (probability: 33%) – is still relevant. This scenario would be reinforced with a jump above the resistance at $0.51 but only finally confirmed with increases above the next higher level at $0.76.

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