Long

POABTC

Updated

Not much technical analysis going on here. POA is a solid coin with good fundamentals, it's been accumulating and mooning over the last few weeks and seems like its following possible fractals. Sitting at 7600 sats currently and extremely short-term could go up to 8.2k where it has solid resistance before dipping and possibly going up if the fractal is still in play possibly back towards 10k sats but this depends significantly on its performance over the next 24hours. Just wanted to share, please don't take as financial advise because I literally know nothing but just seemed cool <3

Note

If we break above 8500 sats and close, there's a good chance we will revisit at least 9k and then probably 10k, as long as btc doesn't tank

Note

If we do drop, we're likely to find support on the 50 day MA which will be around 6850-6900 sats and would make for a good buy in point. I bought in at ~7400 sats and am currently long, depending on price action at 8050-8250 I will sell a portion of my stack if it doesn't close above those resistances perhaps 20% of my holdings. There's also a chance we may close above the 8250, in this case HODL until at least 8750 and set a trailing stop loss or a fixed one if you like.

Note

s3.amazonaws.com/tradingview/snapshots/m/mGvK5BsI.png, the 7200 satoshis level could serve as support. If not we have the 50 day MA at 6850 and our uptrend line (not sure on accuracy), which should coincide ~6900 which should serve as strong support

Note

s3.amazonaws.com/tradingview/snapshots/b/BgwmqBk6.png
SO didn't go according to plan, fell through most support but held strongly at 6000 satoshis, it seems as if whales are accumulating at these low prices. It's unlikely we dip any lower unless btc decides to fall further. Drew up possible path based off a couple fractal ideas and resistance/support levels. I'm still long I sold off all my POA when my stops hit and upped my position. Retraced over 40% from its recent high and has maintained a higher low than after it retraced from hitting 9498 on the 8th of April so seems like very cheap to pick up right now.

Note

Made new post with the update above where ill track movement more often

<deleted>

Note

AqibMoeen

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.