Mauricejeboy
Long

If POA rises above the wedge..

BINANCE:POABTC   POA Network / Bitcoin

Once the course will push through the wedge (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 Elliot Wave . 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 resistance zone 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 RSI or the MACD to see a bullish run coming up!
Mar 27
Comment: Edit: The green line in the first image, represents the second stop sign I will be setting after hitting the first 25% Fib level.
Mar 27
Comment: (The first stop sign would be the -10% level, obviously)
Mar 28
Comment: Prediction on the pullbacks were right up to now; expecting the next pullback to occur once the course hits the first 25% mark.
Mar 28
Comment: Update: Resistance Zone has been passed!
Mar 28
Comment:
Moving averages looking great;


RSI is starting to go up a lot as well, very bullish signs.
Mar 28
Trade active: Trade active, course rised up above bollinger bands and hit the buying target.
Mar 30
Comment:
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.
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