BeCulda
Long

POE/ETH entry - reached bottom?

BINANCE:POEETH   Po.et / Ethereum
POE             has been consolidating on what seems to be a bottom and is beginning to form an ascending triangle pattern in the smaller timeframes - all within a larger descending triangle pattern of larger timeframes. The bottom support line at 5000 ethoshi (0.00005000) is never broken

Following indicators point towards a good entry point for me
- the Tenkan Kijun has just been crossed on the 4 hour timeframe
- increasing volume
- ascending triangles on lower timeframes

ENTRY - 7000 ethoshi
T1 - 11200 ethoshi
T2 - 15900 ethoshi
STOP - 5000 ethoshi
Trade active: Entered position
Comment: So far we're on track. Should have done this earlier, but raising the stop-loss to the nearest 4H candle bullish fractal (not shown unfortunately). It's at 7600 ethoshi
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