POE/BTC - Waiting for confirmation
Updated
Looks like POE have found a decent support at .5 fib level. According to Cryptocurrency Calendar we might have news on upcoming days - is suposed to be today, but we cant count with that.
Indicators:
CCI: we got a clear buy signal some time ago - it is lowering, but we havent got a sell signal yet.
STOCH: under 20lvl and uptrending.
MACD: above zero line, but the blue line (fast) crossed the orange line (slow).
I would reccomend to wait for a clear bull signal on the graph before starting the long position.
Remeber, I'm not a finnancial advisor, I'm just sharing my ideas with the community.
Indicators:
CCI: we got a clear buy signal some time ago - it is lowering, but we havent got a sell signal yet.
STOCH: under 20lvl and uptrending.
MACD: above zero line, but the blue line (fast) crossed the orange line (slow).
I would reccomend to wait for a clear bull signal on the graph before starting the long position.
Remeber, I'm not a finnancial advisor, I'm just sharing my ideas with the community.
Note
Update: shorting POEPOE broke down the .5 fib support.
Indicators are showing a bearish momentum.
I would recommend to put some buy orders at key levels like the .38fib level and the bottom support (around .00000610).
This bearish momentum could end if the news got confirmed.
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