How Can We Make A Safer Investment?
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Many of my followers have been requesting POE (Po.et) and I found some possible value in it. There's two sides of a coin and same applies to Poet. The first scenario is that we've finished a classic ABC correction at around 65%. It's been a juicy but healthy correction. The question is if it's not over yet?
The previous set of 5 waves ended with a slightly extended fifth wave that often results in longer corrections (which I've explained in other posts as well). I'll present two viable scenarios and how you can make a better investment decision. Essentially in both scenarios, we're looking to break the triangle with some nice volume.
I wish you major gains!
Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment
💪 Short Term Target at 0.00001878 BTC
💲 Potential profit 95%!
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Scenario 1
Correction is over and we've started a new set of impulse waves. We're waiting for more volume to be able to enter the 3rd Elliott Wave. If we don't get volume, we can assume that the correction could be a little longer. If we manage to get some volume soon, which result in several green candles, we can meet the target pretty soon.
Scenario 2
In this scenario the correction is far from over. We're in a 3-3-5 correction and need to wait till the last C wave completes it's 5 subwaves. This type of correction would be better for Poe since it will exhaust the sellers more and will probably lead to a bigger price rise. Also, the volume confirms this scenario since we barely have any volume compared to the previous big price jump. (Check the green and red circles)
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Ben, well, how did you learn to trade? Maybe you can recommend some book or some videos? I really want to be able to understand this patterns like you do..
thanks for the info, most coins are down 50% now, so most coins are looking for 100% gains if the we get back to market highs
True, think we're gonna see a crazy run once we go back to bull market
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Great job benkalashnikov, thank you very much
Thanks!
Which scenario do you think is more likely to happen? Anyways, good TA again! Thanks! :)
I'm leaning towards the 2nd scenario until I see a breakout with nice volume
Alright! I'll just wait till it goes down then. I hope you can do some tutorials about TA for newbies like me. Thanks!
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