itradearn
Long

Po.et POE BTC Forecast - Squeeze

BINANCE:POEBTC   Po.et / Bitcoin
POE             chart looks like its about to squeeze. Current support in combination with trend line stands at 824 and if that fails 800 fib support comes into play. Lower support stands at 600 which could be achieved if BTC             bleeds closer to $9,000. I suggest traders to wait 824 to test before jumping in.

1st Target 940 (14%) Not featured in chart
2nd Target 1,050 (27%)
3rd Target 1,150 (40%)

CEO             news will definitely fuel hype and give POE             the much awaited pump. With the right volume all three targets should be achieved.

This is not an investment advice, always do your own research.
Trade active: POE hit below 800. Observe candle stick formation and reversal. This could be the foot of an uptrend.

Good luck and hodl!
Trade active: Price heading towards lower support at 600.

BTC is dragging alts down. Best to observe and reversal confirmations prior to committing.
Trade active: Price reached low of 605. Great buy entry around that area. Hopefully BTC recovers and returns to, at least, previous consolidation price at 800 - 30% gains.
Trade closed: target reached: Those who bought at 600 area made some whopping gains. 60% gains were up for up grabs! Well done!
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