$POE, Binance- looking good or not?

BINANCE:POEBTC   Po.et / Bitcoin
136 2

1. Break the continuation pennant below - sign of a reversal

2. Still on the descending triangle testing the support at 600

3. Support turns into resistance after the dump of $BTC (Lightblue line)

4. RSI makes a bearish divergence - sign of reversal

5. Target support at the blue box if it cannot hold.
I think it has a chance depending on todays rebound. We shall see! I predict that it will continue its downtrend.
ej_05 snakeyankee
@snakeyankee, i'll update my charts later. Thanks for the opinion and I also agree with you. That's also my initial analysis in this chart.
+1 Reply
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