Once the course will push through the (probably after a pullback), it would be a good opportunity to buy in right after it's just about passed the yellow line.
POA is about to hit a 50% pullback on the hourly chart after the . Once the course hit the yellow cross, I'm going to buy in and see if it hits my first Fib level.
At that point I'm going to sell 25% of my purchase and await a nice little pullback since that's the 38.5%, where institunional investors will probably sell off their supply.
As you can see on the hourly chart, once it has hit the 50% pullback (the red line), I will buy in and see if it will go up and break through the short term that I drew on there.
I'm a beginning investor and if anyone has any feedback for me feel free to reply! This is just my theory and what I think. I also probably overthought that there wasn't enough chart information on POA yet, since it's quite a new cryptocurrency on the market. But maybe we don't even need the or the to see a run coming up!
Moving averages looking great;
RSI is starting to go up a lot as well, very bullish signs.
Hello! As I've notified that I'm new to trading before, I was wondering if the image above was showing a bull flag. I believe it is, but I may just be wrong.
If it is though, then that would be a great sign for all the long term investors.