Oversold up to the 1D timescale with supermassive bullish divergence in the hourly timescales on both MACD and RSI. POE got destroyed in May, but it could be setting up for some big gains. Right now, it's a ticking time bomb waiting to explode upward.
We start a new cycle to a new triangle ( 3rd for a short time - 1h timeframe )
My idea is that if we jump right in one day or two back to price 8000 POE/ETH, we will see POE beating at 10.000 doors.
So i invested at 7100 ( 7224 now ) and i will close at 6800 as stop-loss
You can leave at 7950 with all or chase targets beetween 8700-10.000
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.
Please Hold on this one, or you will miss the Train like BTC.
It is clear to me that POE is creating new high (buyers) and will eventually break the resistance 0.00009870.
Will see where it goes by the end of the month.
As always, let me know if you disagree and why ?