Po.et (POE): The MACD has Traveled All It Can with the Symmetrical Triangle

in poe •  7 years ago 

SUMMARY

Po.et (POE) has been going sideways since early March and the recent price action seems to be patterning out a rounded bottom (blue arrow). The prior impulse up (blue) shows an extended 5th wave; hence the deep correction. The wxyxz complex waves could be complete if we see an onset of impulse wave moving up.

The MACD has pretty much traveled all it can through the narrowing parameters. A breakout is highly likely. This would initiate the first of three series of impulse wave moves upward as shown in the below chart. Does this look like a price crash scenario? Would you be a buyer or seller at this stage?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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I would love to see $POE break out and get some nice big gains. I was filling my bags with POE a few months ago and have faith in the token. -Respect

Good article:)

How do you make such high figures?

best (y)

Why it's always triangle?

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let's hope it happens

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Very nice. Something that may peak your interest is looking at CMT. This particular coin has me lost.

Post nya bagus

thank you for the post i had few thousand POE which i sold when the market crash happened make few dollars but in this bear market i feel like i can pick any coin and will make some benefit off it , but this post definitely helped my decision i will look at POE closely and see where it goes i like the platform but not sure how big of deal this would be but again thanks for chart and info about the coin :)

Your detractors are just jealous of your success @Haejin. Your work and your spirit of encouragement and teaching is without peer. Continue as you do, and smile your way to riches.

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thank you very much

I am curious about EOS 2 rounds

It also helps that POE is a great coin with a good team and community behind it. Strongly believe in it on the long term.

You always give out your best, boss..

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS8.335$27.48%44.4%
POEPo.et0.030$2.95%6.32%
WAVESWaves3.695$-0.68%4.64%

Nailed this one sir! Thank you for lunch money:)!

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Hit me up on steem.chat or discord: idikuci#8440 and I wouldn't mind talking over some details to help you divert attention to a whale who can help every bastard forget about you.

  ·  7 years ago Reveal Comment