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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I like to buy on these accumulation zone set-ups when the market is 'somewhat' stable because we can see explosive moves out of the buy zones.
When the market is in price discovery, these zones can get melted like a hot knife through butter. Always understand the context of the market before making a trade.
Double Bottom on price action.
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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I hope you are all doing fine. You guys are looking at daily chart of POE on Binance. Yesterday, POE broke out the bull pennant it has been in for the last week or so. However, due to BTC correction, it has come down and could not go any further. The good news is that the yellow line now works as support and let's see if it hold it. Please bear in...
Looks like Po.et is in the middle of wave 5 of primary wave 3.
I'm inclined towards this count because the wave 4 area didn't dip into the wave 1 territory, and wave 3 hit very clearly the 1.618 ratio from wave 3-1.
At this junction, I think we can expect Po.et to rise as high as 0.00011297 since that would be a clear landing spot after wave 3-1 hit the 1.618....
Okay so we're all ready for POE to take off but let's look at what's happening. We saw some consolidation after the announcement of Poet's new CEO, and I think we're moving towards another bull run which should put us in the 12,000 - 14,000 range. If you weren't following POE before, look at the history of the MACD. I think we're going to see another bounce.
BREAKING OUT OF GIANT BULL FLAG. BULL FLAG BOTTOM FORMED BY 61 FIBONACCI LINE. I LIKE TO HAVE 2 CHARTS UP AT THE SAME TIME.... BINANCE NON MOBILE.... DRAW FIBONACCI LINES ON 12 OR 1 DAY CHARTS AND COMPARE IT WITH TRADING VIEW. LET POE COME BACK DOWN TO THE BASE UPTREND AND BOUNCE OFF.... REFERENCE TRX. THIS COULD BLOW UP FASTER BECAUSE ITS ON THE 61 FIBO. WATCH...
First chart so looking for inputs but i've tried to correlate a double window on the buy and sell to extrapolate buy sell options. There is profits to be made with this model if you focus on the red line for buying and the green for selling.
An ascending triangle seems to have been formed here. A quick 10% profit target trade can be made buying between .00007000-.00007050 with a sell order just below the upper horizontal line of the triangle. This can ensure your 10% profit in case the price falls back down after hitting the resistance. If the price breaks out of the triangle then it can go further...