POE
POE is working on a massive bull flag + Symmetrical TrianglePretty self explanatory. POE is traveling in a descending channel atop the flag pole from the most recent bullish movement AKA bull flag. Within the flag there is a symmetrical triangle (blue lines). RSI is respecting the uptrend on the 4 hour. Expectation (assuming BTC behaves) is that price will continue to appreciate, with a break up of the triangle leading to a break out of the ascending channel. Targets are the top of the channel and fib lines.
1. The cryptocurrency market is extremely volatile.
2. Targets are potential expected reach, not guaranteed.
3. Resistance and support levels are elastic, not static.
4. I cannot advise you when to enter or exit a trade, only provide the trade set up, so trade accordingly.
5. Traders should never trade more than they can afford to lose as each trade is based on possibilities, not guarantees.
Completing 1st wave of a 5 wave move up On correction of wave 1 moving to B wave on 2. Watch for bounce off the golden pocket. Next up after correction is WAVE 3
Inverse Head and Shoulder?It seems like $Poe formed an inverse Head and shoulder and broke it. Might start a %20 rally.
Po.et - POEBTC - Daily Chart with Fibonacci RetracementsFuturistic platform on generating revenue from blog posting. It's like steemit but less crowded.
$0.029556 USD (5.67%)
0.00000416 BTC (3.46%)
0.00007231 ETH (0.29%)
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POE/BTC Forming a Bull FlagLooks to me that Po.et is consolidating inside a Bull Flag - continuation pattern.
OBV looks strong and once StochRSI resets, onward we go!
POE/BTC Finishing CorrectionPOE just finished surfing the waves and is just now finishing its correction inside a Falling wedge (reversal pattern)
I think once wave C is complete, POE will be ready to surf again!
Enter only on confirmation of wedge breakout.
Stop below falling wedge.
Good Luck!
POE/BTC in a Symmetrical TriangleAfter finding a bottom from the downtrend, POE finds itself in a Symmetrical Triangle Bilateral Pattern.
If POE breaks up and out of the triangle, it will be met by the Red Resistance Lines.
If POE breaks down of the triangle, it will receive support from the Green dotted lines.
StochRSI looks good to reset soon, while OBV is staying strong. I think good indicators of breaking up and out - fingers crossed.
POEBTC$POE / $BTC Possible scenario. I'd buy a successful retest of the lower trendline or a breakout above the .786 around 410 sats. Targets on screen.
POE Ready to go upHi guys,
As I see on the chart ,
Volume is increasing with price . ADX is showing uptrend will start soon. We are still in the main downtrend channel , but there is short therm uptrend . If we will stay above the blue line , probably price will hit the 550-580 satoshi again and we will reach the resistance level for downtrend. Let's see what happen.
This is for educational purposes only.
Po.et potential profit coming soonPoe is at the channel resistance, wait for the breakout before entering. Fail breakout could result in a new low down to the 200 sat level. Poe has been in this channel since January. The market is quite bullish right now so there is a good chance a breakout might occur. Keep a close watch over the next few days for great potential profits.
On the fundamental side, Po.et is about to launch a new feature for WordPress, this could bring in more volume to move the price.
POE looking for support really soon!POE is on the verge of retracing its entire market movement. It is forming a falling wedge and is looking for a new support line other than its original market movement. POE just passed its last major possible support line at 458 and I believe will find it before it hits 324. It will probably find it sooner rather than later. It is looking for a strong pop or a totally new market play.
POE/BTC 4 hour - Bottom or .2fib Support?Forwarning: I am a beginner at charting.
I look forward to hearing critiques and opinions about my TA, and am eager to learn from you!
I am posting my TAs to have an archive of my ideas, a way to keep me accountable, and to learn.
Now that that is out of the way, I am using a 4 hour chart and working with po.et.
Target 1 is risky so I have set a pretty tight stop loss. I feel like we are either going to drop below the .2 fib line or if we find support, we will see a reversal.
Target 1: 20% - 434 sat
Target 2: 60% - 754 Sat
Target 3: 20% - 894 Sat
Stop Loss for first target 405 Sat
#POE JUST GETTING STARTED POET WAVE 3 STARTING OVERALL PICTUREBREAKING OUT OF GIANT BULL FLAG. BULL FLAG BOTTOM FORMED BY 61 FIBONACCI LINE. I LIKE TO HAVE 2 CHARTS UP AT THE SAME TIME.... BINANCE NON MOBILE.... DRAW FIBONACCI LINES ON 12 OR 1 DAY CHARTS AND COMPARE IT WITH TRADING VIEW. LET POE COME BACK DOWN TO THE BASE UPTREND AND BOUNCE OFF.... REFERENCE TRX. THIS COULD BLOW UP FASTER BECAUSE ITS ON THE 61 FIBO. WATCH MACD FOR BUYING POINTS. ABOUT TO CROSS OVER NOW ON THE 1 DAY
BULLISH ON POE - SYMMETRIC TRIANGLE Okay so we're all ready for POE to take off but let's look at what's happening. We saw some consolidation after the announcement of Poet's new CEO, and I think we're moving towards another bull run which should put us in the 12,000 - 14,000 range. If you weren't following POE before, look at the history of the MACD. I think we're going to see another bounce.
A bullish divergence in the OBV confirms this as a solid probability. You could also look for a breakout from symmetric triangle to take a more conservative long position. I prefer the agressive position however given POE's history and recent news. What do you think?
PO.ET (POE) : Day Chart Enter safely and with some patience, this profit potential should be realized in due course..
Sell when it touches the indicated target line..