💎Technical Analysis Summary💎
-POE broke its weekly key support area around 10s sat
-The price fell sharply down too 5s sat or -50%
-Please don't try to catch a falling knife
-This is a strong sell and no buyers are interested
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💎Technical Analysis Summary💎
-POE is back at its previous swing low point last May 2020
-Is this a good buying opportunity now?
-Technically speaking yes, but can we see any sign of strength?
-If there is no signal pressure from the Bulls
-Buying at swing key point is still a high risk
-Given the fact, BTC Dominance is still strong against the...
Everything is on the chart.
We're bouncing on all-time support and reaching the end of a long falling wedge pattern.
RSI is still low and need a reversal.
I'm bullish for the next couple of weeks!
This is not an investment advice, just sharing my thoughts.
I will look at the violas that haven’t fired yet, and are at least something of themselves.
One of these POEs, which at its peak cost 1000 sat and now it is 22, and for a long time the coin has been in the side, so with a pump, you can catch a couple of X's.
The dominance of bitcoin is falling, the probability of a deal going through increases.
So, basically today POEBTC made a huge move towards breaking 0.0028 cents resistance level, this level is crucial here and if daily close will be over it we may see movement till specified targets on chart.
From indicators views, we have cross on MACD with good volume and bullish line on ADX DI going up.
I expect to see rise in following week, put stop loss on...
POE is sitting at weekly support of 23 sats.
Monthly Resistance is at 29 sats.
POE is going to test the monthly resistance at 29 sats.
24 sats is the perfect entry to go long. And exit the trade on 29 sats, as it can retrace back from there.
If you enter the trade from 24 sats to 29 sats, it would be a 16 percent increase in value.
As new Weekly candle is formed...
>>> Weekly closed above 21 MA.
>>> Breakout from falling wedge with daily candle close.
>>> A strong daily close above 200 MA will makes this bullish.
>>> 1st Resistance: 38-41
>>> 2nd Resistance: 50-56
>>> In case of ultra bullish, 3rd Resistance: 95-107
-a bullish breakout of trendline resistance
-this is a strong potential of a trend reversal
-if this is the temporary daily top
-we might see a pullback correction between 17-15
-only if there is a reversal sign during pullback
-that's the best entry to open a buy order
-mid term target is up to 41s
Po.et (POEBTC) is showing really strong volume.
Yesterday we saw the biggest volume since June 2019 and the type of volume that leads to a strong bullish wave.
We also have a perfect falling wedge breakout and prices moving above EMA50 and EMA10.
This altcoin pair is ready to grow... Additional information can be found on the chart.
Please hit LIKE if you are...
We are looking at Po.et (POEBTC) on Binance, a falling wedge is now clearly visible.
The falling wedge is a bullish pattern and can lead to a jump in prices (green arrow).
Prices just hit a new low and quickly moved above EMA10.
Trading volume is still low, can jump tomorrow and we have bullish divergence with the MACD and RSI.
This altcoin pair can easily...
-bullish divergence on the RSI
-bullish descending channel on the daily chart
-if POE can hold 13-14 sats for the next few days
-we could expect a potential upside breakout
-take profit area is up to 20-25 sats
-stoploss is below 12 sats