BTC is currently following a VERY similar pattern to the Mt. Gox crash. I made the majority of this graph back a couple months ago and I believe it still holds true. The elliot wave patterns shown are ONLY for the purpose of recognizing similar tops and bottoms. You can see that the rising numerical pattern's 2 is entering the log trend in both the 2013 and modern...
POE is in a bullish wedge and is close to breakout. It is also in a smaller wedge on the 1 hr (which you can't really see on the daily). The new CEO just got annouced and he is going to be a HUGE asset to Poet growing!
POE is having a second bull pennant! After breaking upwards out of my first one, it has formed a second, less stable one. This is forcing towards the high support line, making it want to break out. There is also the yellow support line I drew connecting the first and second pennants that is supporting the price going up. All of this AND the new CEO announcement soon!
POE is forming a small 30 min bullish pennant in addition to its larger daliy pennant. With the release of who their new CEO will be right around the corner, I think POE will go up a whole lot (FA and TA combining).
Sometimes, technical analysis argues with fundamental analysis. Here is an example, wher etechnical tells us it should drop (because of the similar past pattern), but fundimental tells us it should rise, because of great upcoming news.
Low stochastic RSI, will breakout at some point. Buy low if possible. XMR's USD value has steadily rose for a while, and this bull pennant is a clear indicator of a spike in it's BTC value, causing USD value to rise