When will POE bounce? That is the question. Similar to my STORM analysis but with a slightly smaller top end available, POE looks to be entering into it's major support area that took it over 670 sat. Granted I think it's highly possible we could be in for just the B wave of an ABC correction, so I've set the R:R to much less than that.
If it breaks the top end major resistance, it could very well retest the 650 area, but it's a little too far away for us to make any assumptions in relation to that, as it will be predicated on what BTC does in the days to come.
Sitting in the 510 region as I write this, I feel as if it's a great opportunity to get into a project that not only has a working product, but with plagiarism being a major issue on the internet provides utility that you can write home about.
Not financial advice,
Altcoinstowatch
Theres a STORM brewing...Just taking a quick look into STORMs major support, we see it bounced many times before it's last big push. After a few weeks of corrections, we're back at it again, and even if it ends up being a B wave, there should be plenty of rain to water your portfolio.
If it breaks the top end of the major trendline it could flood your roll with BTC value to irrigate your crops for altcoin summer.
Not financial advice,
VEN/BTC ConsolidatingVEN seems to be consolidating in this range. I'm looking to make an entry soon ONLY if BTC can move sideways for a bit.
I'm still a little bearish on BTC and believe it will form a H&S resulting in a pullback and alt bleed.
OMG/BTC 4 Hr ConsolidatingOMG/BTC looks to have pulled back to the .681 Fib Retracement level which correlates with that support level.
Volume has been consolidating as well. RSI is looking good
Keep eyes on for it to hold that support level because there might just be another breakout real soon.
WAN/BTC Rising Wedge 4hrRSI has been showing Bearish Divergence and is more noticeable on the 30 minute chart.
That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you 100% believe in the project like I do. It just means we can accumulate more.
However, due to the popularity of the project there is always the possibility that it may defy the technicals and continue higher.
This chart plays out to May 1st which is only a few days away.
Let's see how it goes, remember, patience is key to being successful as a trader and/or investor.
ONT/BTC 4hr Cup & Handle ONT looks to be forming a cup and handle.
Accumulation has been going on for the last week.
These are the levels and projection that I believe will occur.
UP OR DOWN What do you think ? Verge XVGAnnouncement was made. After the %40 dump should we expect some run up ?
