We are mainly looking at POABTC and long term chart to know that what we are seeing, it is only the beginning of additional action.
Let's get started...
POA Network ( POABTC ) Daily Chart
On the daily time frame, we can see super high after POABTC retested EMA10. This high printed yesterday also touched the resistance levels marked as EMA50 and EMA100.
Today, POABTC is trading above EMA50 (0.00000539) and broke above a major downtrend line (brown line). These can turn into very strong signals if POABTC closes above EMA50.
Just the beginning? Let me show you the weekly chart:
- Here we are looking at the highest ever for POABTC , higher than when the ATH was reached back in May 2018.
- Still trading below EMA10. After setting a low on the 14th May, POABTC is yet to break above our main resistance marked at EMA10, meaning, whatever action we are seeing is just the beginning.
- High . Monday, start of the trading week, and the for this week is above average. Higher than all of the red bars.
- The TD Sequential started a new count... We can go up from here.
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(1) 0.00000615 -Reached 27-May (+14%)
(2) 0.00000690 -Reached 27-May (+28%)
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