MACD daily just crossed on POE chart which is quite clear buy signal. Also looks like wave 2 finished at 618 Fibonacci level which is the golden buy zone. Uptrend started, very good long term hodl.
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Poe held very nicely even tho it felt a little bit, it felt to the level of .786 Fib and bounced of it very nicely. It does not fall below 620-630 sats it is expected to target ~1150sats with not a lot of retracement after hitting the target. Expected timeframe is 7-10 days
if the wave 2 is a triangle, we might see one more low to 600s before break out. but it is is only a possibility.
MichalSieronski
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@retiringsoon1, I have reviewed the idea basing on your comment, this could be possible as the retracement of wave 1 from start of wave 3, however highly doubtful to see it that low, I would say that if wave 1 is finished already then we retrace to 650-690 levels max (0.618-0.786 Fibonacci levels).
But thanks for your input, I will keep it in mind.
BTW. If you check stoch RSI on 4h chart it looks similiar as before the jump from 640 to 870 sats, I think we will have quite similiar jump very soon.
darkandblue
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@MichalSieronski, turns out you were right,well done! Although, the simultaneous pump from Eric Choe and Haejin Lee helped a little i suppose :)
MichalSieronski
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@retiringsoon1, Could be a true, however I belive their interest in this coin was also coming from the chart setup, the same as for me. And now that we have a real breakout it can continue with the snowball effect :)