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Bullish Pennant on $POE / $BTC.

Long
BINANCE:POEBTC   None
We have a Bullish Pennant on the 1H chart, continuation of the bullish trend is expected.

Targets of 1400 Satoshi ( $0.22 ) and
1700 Satoshi ( $0.27 ) are within reach over the next 2-5 days.

Set your buy limits at a closed candle above 1250 Satoshi.
Comment: Low sentiment in $BTC is heavily affecting all alts. In order for us to recover within the next 12 hours and meet targets, $BTC/$USD needs to consolidate.

Comments

The way you've drawn it, isn't that descending triangle ?
If you slant the support line to take the price action around Jan 5 into account, then it looks like pennant IMO
Reply
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