If POA rises above the wedge..

Once the course will push through the wedge (probably after a pullback), it would be a good opportunity to buy in right after it's just about passed the yellow line.
POA is about to hit a 50% pullback on the hourly chart after the Elliot Wave. Once the course hit the yellow cross, I'm going to buy in and see if it hits my first Fib level.
At that point I'm going to sell 25% of my purchase and await a nice little pullback since that's the 38.5%, where institunional investors will probably sell off their supply.

As you can see on the hourly chart, once it has hit the 50% pullback (the red line), I will buy in and see if it will go up and break through the short term resistance zone that I drew on there.

I'm a beginning investor and if anyone has any feedback for me feel free to reply! This is just my theory and what I think. I also probably overthought that there wasn't enough chart information on POA yet, since it's quite a new cryptocurrency on the market. But maybe we don't even need the RSI or the MACD to see a bullish run coming up!

評論:

Edit: The green line in the first image, represents the second stop sign I will be setting after hitting the first 25% Fib level.

評論:

(The first stop sign would be the -10% level, obviously)

評論:

Prediction on the pullbacks were right up to now; expecting the next pullback to occur once the course hits the first 25% mark.

評論:

Update: Resistance Zone has been passed!

評論:

Moving averages looking great;

RSI is starting to go up a lot as well, very bullish signs.

交易進行:

Trade active, course rised up above bollinger bands and hit the buying target.

評論:

Hello! As I've notified that I'm new to trading before, I was wondering if the image above was showing a bull flag. I believe it is, but I may just be wrong.

If it is though, then that would be a great sign for all the long term investors.