POABTC
$POA BTC - easy money - 50% gain 1:5 risk/rewardGuys,
While I’m longterm bullish on POA, this correction seems like it’s not done yet:
1) We are only .382 the amount of bars it took for the impulse wave that precedes it.
2) I am unable to identify the waves in the daily chart, making this seem like a single impulse wave that’s part of a larger corrective wave.
With that said, we do have a short bullish corrective wave within this correction to cash in on so let’s gamble a bit here while BTC is showing strength. You can FOMO market buy or set your order as follows:
Spread your entries: 0.00004900 down to .00004700
Stop: 0.0004325
Target: spread your TP from 0.00006800 to 0.00007200
After you exit at 7200, we may continue the trend up but there is a chance that we’ll come back down to the 4000 range so tread carefully if you decide to hold. This will all depends on the impulsive wave that takes us to 7200 of course so I’ll be updating this post as we go.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
POA down 50% in 12 days$POA has pulled all the way back to the lowest it's been in almost 2 months. Look for a great buy opportunity under 5000 satoshi as $BTC dips further below $7800. 2x potential from where ever you buy under 5500 satoshi.
Hidden Bullish Divergence spotted on Daily TFPOABTC completed its wave 1 at 0.000102 and set up 3 wave correction that ended up at 0.000060.
We should expect a price reversal in the region of 0.000062-0.000058.Bullish hidden divergence indicates that bullish trend should continue and we should make a higher high in coming days
In case of reversal immediate target will be 0.000073 region , however in case we break 0.0001, we should expect 0.00021 that will be + 300% price target.
However don't forget the big picture: that BTC needs to break 8.8k region sooner than later. So far PA is constructive as BTC have managed to held itself pretty good.
POABTCNot 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
looks like it wants to go down more Looks like the main trendline may be breaking down. I can see a bounce happening up to around 6900-7000 before more retracement down to 5806 or 4755 before breaking out of the descending wedge being formed
POABTC - Ready to breakout to upside after consolidationTechnical Analysis:
POA has been stuck in wedge from past 24 Hr. and is ready to breakout to the upside.
RSI is above 50 and Turning upside
Has managed to held itself above resistance turned support at 0.000072
Fundamental Analysis:
Big announcement expected in next week as POA20 and POA - ETH bridge is expected to launched on 10th May.
POA Potential break out.....So the way I like to trade is waiting for close above resistance to show absolute confirmation of the start of an uptrend. Clear wedge forming here but has not been able to break that white line of resistance I have drawn out. If it can get a close above, it does not really have much resistance ahead due to the fact of being a fairly new coin listen on Binance. Something I have an eye on and will wait for confirmation before entry with stop loss set tight. I will ONLY be long if breaks resistance
Again all this weighs on the fact of what BTC will do in the next week.
POA is ready to moonPOA backed by very solid FA is ready to fly. Next week POA could see massive gains.
#POA / #BTC LONGThis chart can be used for multiple weeks.
Symmetrical triangle forming. Could break either way, but buy zone is accumulation for long positions.
Not financial advice. Entertainment and education, only.
Recharge before next breakoutNotice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now.
I think this could potentially ride up to about 7.9k-8 in this channel before coming back down to one of the blue boxes. POA is on the verge of a big break, but it needs a little more time to accumulate. Above 9.5 is really uncharted waters, but theres a decent amount of hype surrounding this project and its new dimension to blockchain.
This project should present great upside in the immediate future. If youre looking for a flip and scalp, I have targets listed. Otherwise, id say its a good buy now. Current market cap is $150M so a lot of room for growth.
POA main net launches 5/10, so expect a pump over the next several days. Honestly wouldnt be surprised if this 2 or 3xs before then.
I dont wanna shill, but
alt season + new project + new type of blockchain tech (poa)= massive upside
SL - 5.5
P1 - 7
P2 - 6.3
Note: I filled my bags earlier last week, but I like where this is headed.
#POA is testing the break out.#POA is testing the break out too. S_RSI and RSi looks really good. Strong support at 5800.
Buy : . Stop loss : 5700.