Let's have a look at POA Network (POABTC) real quick... What do we have here?
On this chart we can see the now very common "Falling wedge", this pattern has been repeating throughout all the charts I've been looking at lately... This is a bullish pattern.
But here we have the falling wedge together with MACD bullish divergence, another strong signal.
POA Network Follow Up Update
Following up on my last POABTC chart, this is how things are looking now.
There was a challenge of EMA50 but prices were rejected.
Now, good volume is coming in on a Saturday and many other altcoins are recovering and starting to grow.
POABTC can jump anytime now...
It can take a few days to a maximum of 1-2 weeks.
POA looking bullish on 1h, 7h and 1 day timeframes.
Toked a long position here, after the breakout.
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POA Network (POABTC) is now bouncing off support in the form of MA200/EMA200 with high volume after a month-long retrace.
The big volume coming in today, notice the volume bar, signals that is a real move, and that the retrace is complete.
We also have the MACD bullish cross and the RSI goes above 50.
The next target is marked on the chart.
This is another...
Here I buy POA Network
and POA Network will go up.
The price is testing the major resistance,
so now I load my bags and the bullish breakout will start. And POA Network will go up. See you up there
“Patterns repeat, because human nature hasn’t changed for thousand of years. Whatever happens in the stock market today has happened before and will happen again.”
POA Network (POABTC) has been facing resistance at EMA300 but continues to show strong bullish bias.
We have another strong green candle today and high volume to challenge the EMA300 gray line.
As soon this level is conquered we will see massive growth... Patience is key here.
Remember to build a plan/strategy before you start to trade.
Diversifying is also...
POA Network (POABTC) is ready to grow after printing a very strong reversal signal... See it here:
With this signal in place, it is time for this altcoin pair to grow.
All of the weak hands have been removed, a strong shakeout, so it is possible to see a prolonged uptrend next.
This is not financial advice.
We have a bullish chart/set up for POA Network (POABTC).
We see prices trading within an ascending channel, as well as MA200 being tested and holding as support.
As prices move back above EMA10 and EMA50, this signals that POA Network can continue to grow.
The indicators are also looking good.
Green volume is starting to show up.
Remember to always play safe...
Many altcoins had a long consolidation period after hitting a new All-Time Low... Not for POA Network (POABTC).
Now we have POABTC moving above EMA50 on high volume.
After a new low is hit, a strong high-volume bounce is always a very strong bullish signal.
This means that POABTC can easily continue higher as long as prices remain above the EMA50/Magenta...
Ok, here we are going to direct our attention to our marked "support zone", this is where POA Network (POABTC) bounced last time, this is where prices found support and reversed, producing an 80%+ wave.
At the current time, this same "support zone" has been activated and so far holding strong.
If this level holds and POABTC moves and closes above EMA10, we can...
POA Network (POABTC) just broke above EMA50 (yellow line) and is displaying a high green volume bar.
Prices are trading above EMA10 with a strong RSI and a MACD that is trending higher... All the signals are there.
POA Network can easily move next... Support and resistance levels are marked on the chart.
Thanks a lot for reading.