💎Technical Analysis Summary💎
BINANCE: POEBTC
-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💎
BINANCE: POEBTC
-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...
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...
POE/BTC
-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
POE/BTC
-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/BTC
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.
POE/BTC
POE is about to reach the end of this triangle pattern, a breakout is likely to happen within a week or two.
To provide higher chances of a bullish breakout, the price needs to hold above the 50/100 Day MA as these are a very important level of support.
Currently, everything is looking great as the price keeps making a series of Higher Lows and...
MACD telling to go long, waiting for confirmation above KC and ICHIMOKU levels. Levels to watch (sats):
22
24
27
39
71
100
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.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
$POE reached accumulation zone.
On daily chart price is forming massive bullish divergence on RSI and MACD.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Hello guys, Here im again with a good nice dip.
Redline : Stoploss
Greenline : support and buy area
Blueline : Resistance and target area
Please trade at your own risk. This is not an investment advice.
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...
Chart is self explanatory. Resistance is at 1000 for those who wish to join past resistance levels.
This is not an investment advice, always do your own research.
