POABTC Is On support with reversal candle
Buying At: 0.00000390
Target : 0.00000490, 0.00000560, 0.00000680
Stop Loss : 0.00000365
Risk 7%, Reward: 75% Very Good Ratio
on POABTC there Risk rewarding Ratio is Also Very Good
Note: This is only for Educational Purpose this is not Investment advice.
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POA Network is only getting started, but how do we know this?
We are mainly looking at POABTC volume and long term chart to know that what we are seeing, it is only the beginning of additional bullish action.
Let's get started...
POA Network (POABTC) Daily Chart
On the daily time frame, we can see super high volume...
$POA Potential inverted H&S pattern in play...
UCTS Buy signal on the 12h
Volume starting to rise
Notice how negative fib levels match almost perfectly with different drops and bounces...
For now wait for better confirmation (volume and break above 460/490sats)
POABTC little swing trade. We enter at the bottom of the ascending channel started March 18th. We target a return to the channel midpoint and finally a new high. Stoploss is below the previous low. Keep in mind - we expect BTC to retrace tomorrow or Wednesday. Use low leverage/capital.
Buy: 0.00000925 - 0.00000929
Target 1: 0.00000955
POA Network just printed one of its biggest volume bar to break above the EMA100 resistance, signaling that this level is being conquered.
Looking at the chart above, there is room for some nice profits.
Here is a quick trade wishing you the best always.
Trade: POA Network (POABTC)
BUY: 0.00000815 - 0.00000880
$poa Trying to break from the descending trendline since Nov18 next to ATL support. Reached EMA100 and bounced back to EMA50. . MACD looking good, RSI touched Oversold levels and bounced together with price.Breaking above EMA100 could act as catalyst for higher local targets #POA
This kind of consolidation may cause sharp moves and pump but I think it's a little late for buy because of risk/reward ratio but if you accept the risk it can give you some good profits
Stop loss 700