$POA has pulled all the way back to the lowest it's been in almost 2 months. Look for a great buy opportunity under 5000 satoshi as $BTC dips further below $7800. 2x potential from where ever you buy under 5500 satoshi.
POABTC completed its wave 1 at 0.000102 and set up 3 wave correction that ended up at 0.000060. We should expect a price reversal in the region of 0.000062-0.000058.Bullish hidden divergence indicates that bullish trend should continue and we should make a higher high in coming days In case of reversal immediate target will be 0.000073 region , however in case we...
Not much technical analysis going on here. POA is a solid coin with good fundamentals, it's been accumulating and mooning over the last few weeks and seems like its following possible fractals. Sitting at 7600 sats currently and extremely short-term could go up to 8.2k where it has solid resistance before dipping and possibly going up if the fractal is still in...
You can still set your order to 6000 satoshi, but your lucky if it fills your order.
Looks like the main trendline may be breaking down. I can see a bounce happening up to around 6900-7000 before more retracement down to 5806 or 4755 before breaking out of the descending wedge being formed
Technical Analysis: POA has been stuck in wedge from past 24 Hr. and is ready to breakout to the upside. RSI is above 50 and Turning upside Has managed to held itself above resistance turned support at 0.000072 Fundamental Analysis: Big announcement expected in next week as POA20 and POA - ETH bridge is expected to launched on 10th May.
So the way I like to trade is waiting for close above resistance to show absolute confirmation of the start of an uptrend. Clear wedge forming here but has not been able to break that white line of resistance I have drawn out. If it can get a close above, it does not really have much resistance ahead due to the fact of being a fairly new coin listen on Binance....
POA backed by very solid FA is ready to fly. Next week POA could see massive gains.
This chart can be used for multiple weeks. Symmetrical triangle forming. Could break either way, but buy zone is accumulation for long positions. Not financial advice. Entertainment and education, only.
Notice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now. I think this could potentially ride up to about 7.9k-8 in this channel before coming back...
#POA is testing the break out too. S_RSI and RSi looks really good. Strong support at 5800. Buy : . Stop loss : 5700.