This is another coin I am really excited to chart for the long term.
I opened my Long position @ 0.00000061 BTC or 0.00960347 USD
Long term TP: $1 or .000064 BTC
Duration of trade: about 1 year
This chart is new and there is not a lot of history. There was a recent breakout of more than 100% so there is going to be a period of consolidation. I am showing a speculative channel for POE to move within. This is speculation and not an indicator of when to establish a position. I will keep updating as the chart matures.
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movement within projected channel. Found support at bottom around 460. Looking goooood.
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had a nice upward break from the channel.
current price 1183.
1900% increase still a long road and much higher targets to reach.
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POE had a nice retrace that followed the equilateral triangle down nicely. It has touched the yellow parallel support and if the bounce continues upward, my channel projection was spot on. If it breaks the yellow channel, there is support below indicated by the white line.
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WOW! could not have followed the equilateral any better! There was a slight dip bellow the channel, but it is forming something new... and I like what I see.
RSI is showing oversold and there is still a falling wedge present.