Summary:
POE charts shows a potential bull flag formation with target range 540 - 650 zones. Price is currently at full swing 61%fib zone, we need to see this level hold and price moving up from here for this pattern to hold. This bounce is coming off of 78% fib of full swing 42 sats to 1500ish highs in Jan 2018.
Elliot wave count will give us higher targets if price continues the bullish trend. Indicator migth lineup soon, volume has to keep increasing at this levels to get some confidence in this move up.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
