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.
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...
-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
-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
POE is painting a bullish divergence inside this descending channel which by technical has a higher chance of breaking to the upside.
If we see a short rally, the initial target is up to 20 sats area and our stop-loss is below 12 sats.
Priceline of Po.et (POE) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50...
Priceline of Po.et / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
We have 100 simple moving average strong support below the price action.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000026 to 0.00000029
Sell between: 0.00000032 to 0.00000038
Atif Akbar (moon333)
Po.et / Bitcoin cryptocurrency has formed a gartley pattern and entered in potential reversal zone.
MACD is turning bullish.
I have defined targets using Fibonacci sequence:
Buy between: 0.00000030 to 0.00000028
Sell between: 0.00000032 to 0.00000036
Atif Akbar (moon333)
MACD telling to go long, waiting for confirmation above KC and ICHIMOKU levels. Levels to watch (sats):
POE is prone to sudden pumps, it might be getting ready to go on another one. If one were to go long at current levels and close at 100 thats 500% gain, SL: close below 18 sats.
We are doing Analysis of POEBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...