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Weekly
Looking at our trend timeframe we see price continuing to respect our down trend, currently testing our resistance at 200 satoshis. Support has been found at 100, will watch smaller timeframe for entry. Last time POE was at this level was back in December of 2017.
Daily
Shifting over to our pattern timeframe we see price has formed an inverse head and shoulders, stochastic rsi showing momentum in favor of bears. Expecting price to retrace towards 160 and find support. A retest of 160 or a daily close above 180 activates our trade.
Conclusion
- Buy: After Daily Close Above 180
- Sell: Por Que…
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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