POA Network is getting ready for action and the price is pretty good right now to buy in.
Our last POABTC trade generated over 90% profits, and this time around I believe it can generate more.
Here you can see our last trade for POABTC:
- The main signals on the chart...
$poa Trying to break from the descending trendline since Nov18 next to ATL support. Reached EMA100 and bounced back to EMA50. . MACD looking good, RSI touched Oversold levels and bounced together with price.Breaking above EMA100 could act as catalyst for higher local targets #POA
This kind of consolidation may cause sharp moves and pump but I think it's a little late for buy because of risk/reward ratio but if you accept the risk it can give you some good profits
Stop loss 700
Commodity : POA NETWORK
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
By the grace of Allah the most high my previous post of POABTC:
generated more than 24 percent profit.
This time POABTC has completed gartley pattern and has a support of MA50 between 0.618 to 0.786 fib retracement, this may help to to push the price action back to bullish...
The price line is getting dropped between 0.618 to 0.786 fibonacci retracement and this is the point where we have a 50MA support which will lift the price up insha Allah.
I have defined the targets on chart.
I am expecting a harmonic pattern here whether can be a gartley or bullish butterfly insha Allah.
The buying zone and sell areas are defined accordingly plz find on chart.
Best of luck and regards,
Atif Akbar (moon333)