Updated
POE Update
At this point, POE might already be done with the first 5 waves and already in its corrective phase of ABC and already in B wave. If true, this is still a very bullish sign and should be bouncing off of the .382 or .500 fib levels which mean maybe another 50~100 satoshi drop here but should bounce hard and start another 5 waves with 1000 satoshi as a target. I bought some POE late anticipating a big Wave 5 but with this new scenario I'll just be HODLing until targets reached. We still may be getting a extended 5th wave so we shall see what happens.
Note
Guess I was a little early to say the abc correction was happening. We hit 679satoshi as the top and on a heavy retracement. This should be the real ABC before a big wave 3. Still not sure if this wave 3 is the subwave of an extended wave 5 or wave 3 of the whole movement.
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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.