POA looking bullish on 1h, 7h and 1 day timeframes.
Toked a long position here, after the breakout.
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-POA Network is likely forming a Bear flag pattern
-The confirmation entry if a break of local support at 402 sat
-The price could fall down to 349 sat area
-We might see any bounce reaction at 349 sat range
-Because it was previous resistance turned support
-The chances of repeating this zone as a support are high
-But I recommend opening buy orders...
POA is currently trying to break above the 50 Day MA and downward trend-line resistance. It is too early to say the price can break it today.
Thought POA manages to bounce at 0.619 Fib support but bears may have temporary control of this market as price is trading below 100 Day MA.
We will have to look at this coin in the coming days in which direction...
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.
Please support the setup with your likes, comments and...
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
Buy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good...
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...
Following make me bullish
- We still have a 5th wave up
- Stoch RSI facing up
- Assending triangle in the making
On the down side we may touch the trend line before making a move. However in POA/ETH chart we already touched the trendline.
here is the lowdown on an upcoming trip to the moon. I let my amazing chart do the talking. Look forward to hearing your feedback and if you like what you see and make some profit then let me know......you wanna get high?!
Wave 3 complete - looks like Corrective wave 4 is hitting some kind of bottom. Hasn't moved much at this range for some time.
There was a dip below the Wave 1 top, but the Daily candlestick has kept above Wave 1 Top so far pretty consistently. Appears to be a strong support line.
Wave 1 moved more than wave 3 - wave three 1 to 1 ratio for wave 5 would put an end...
Looks like a wave 3 of wave 3 is finishing up on POAETH, retracement just beginning.
Wave 1 of 3 retraced around 50%. Wave 3 already significantly longer than wave 1.
Retracement to the 0.00101 area seems likely, give or take 0.00004.
When it bounces from there, it could go anywhere from 0.00115 to 0.00125, and then likely retrace pretty hard.