As we can see, BINANCE:POEBTC is still correcting from its all time high. We can see a clear bearish trend line starting from around its 0.5 fib level. Looking at the past 2 months, BINANCE:POEBTC reached the 600 level three times and started climbing from there. I think this zone might be nice to accumulate for a long position. A first profit taking point would be around the trend line. We can also see that the 0.236 fib level was a resistance level, which it broke for a small period of time before going back down again. A convincing break above the trend line would make the 0.236 level another target price for locking in some profits.
