Long
POE/BTC TA Update (Breakout in 1 week?)
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 respecting the upward trend-line of support.
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 respecting the upward trend-line of support.
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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.