BINANCE:POABTC has been forming a DESCENDING WEDGE (white lines ) and once the candles enter the apex (end of wedge) it has to break the trend the pattern the bearish sentiment. When a DESCENDING WEDGE is formed in the price action, its indication of trend reversal (upwards) so we buy low (at the apex) and sell high, take profits and move o the next one !! Tomorrow I will post the set up!! blue lines are potential resistance and support
Trade active:
as you can see POA is been moving sideways and is so close to the blue resistance line if it breaks upwards or sideways trade is active in case in acts as resistance more than likely will go down and trade is canceled ...which in that case I will rechart and see what our next move
Trade active:
MAKE SURE TO TAKE PROFITS AS IT GOES UP