POA like many alts has been dropping against BTC since forever. There was a recent spike (some news?) that holds some promise. But current 'bottom' was in middle of nowhere, so am suspicious.
256-258 is a near perfect confluence of Fibs that normally end waves. 486-544 is nearby resistance that was pierced but the lost too quickly. 722-739 should be strong resistance, a break would imply bottom in.
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See some of my other Charts and Trade calls below. I also plot Forex and some Stocks, check my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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