POET Getting ready to slam the old highsLooks like that resistance was finally broken AND retested as support. If we keep making higher lows like this I believe the next target is the old high for the near future.
Poettoken
POE – PO.ET – Sleeping beast? 1746% profit/loss ratioHi Guys!
Today we are focusing more on technical analysis.
Another interesting project which is very low at Fibonacci scale and has been slowly but surely growing since the middle of September 2018.
On the weekly chart, we can see a massive falling wedge which is actually good and bullish sign.
It took the price over 8 months to jump out of the wedge.
After that, we had a couple of weeks of stability and in the middle of September/beginning of October, we had a nice bounce up.
Since then the price has been growing stable. Everyone that invested in at around 100 st has right now 100% profit.
Is it still worth to jump in? Of course.
The price crossed all the EMAs (9, 21, 50, 100) which is very healthy.
We can now observe that the current up-trend has even speeded up in the middle of October (5 vs 15 degrees).
On MACD we can see positive divergence at first and then positive convergence which assured us that overtaking nature of MACD really works.
We have now positive divergence which is another good news.
And the most important thing we have a great profit/loss ratio on this trade.
We shouldn’t fall below 107 st (set stop-loss at this level) so there is not much space to fall.
On the other hand, there is a lot of room to grow. Even to 1837 st which makes in total great profit/loss ratio 1746%.
That’s it.
So Guys. Are you in? Do you have this coin on your radar?
Your opinions and likes will be highly appreciated.
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