Description
⋅ Many altcoins had a long consolidation period after hitting a new All-Time Low... Not for POA Network (POABTC).
Now we have POABTC moving above EMA50 on high volume.
After a new low is hit, a strong high-volume bounce is always a very strong bullish signal.
This means that POABTC can easily continue higher as long as prices remain above the EMA50/Magenta line.
Thanks a lot for reading.
Namaste.