POEBTC - elliot triangle
I have been keeping my eye on POEBTC for a while now. Watching it very closely. I think we may see an Elliot triangle play out in which case after it hits point E, we should see a bullish move. That's in about 10 days or so, I would guess bitcoin keeps rising until then, further pushing down the value of alts.
The MACD and RSI are bearish, as we would expect to see as it makes it's way down to strong support. If it hits that low, a triple bottom reversal pattern may come into play.
trade set up:
buy: 570 and below
first target: 900
nth targets: sell on the way up
I'm a beginner and if anyone out there would like to give me feedback, it would be greatly appreciated!
-obi
The MACD and RSI are bearish, as we would expect to see as it makes it's way down to strong support. If it hits that low, a triple bottom reversal pattern may come into play.
trade set up:
buy: 570 and below
first target: 900
nth targets: sell on the way up
I'm a beginner and if anyone out there would like to give me feedback, it would be greatly appreciated!
-obi
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.