POA Network Enlightenment Signals | Starting To Wake Up

20 nov 2019

POA Network (POABTC) is now trading above resistance, looking at the short-term chart, and is getting ready for a strong bullish move.

Why do I believe POABTC will go strong bullish?

• 1) There is no volume... Volume has been close to zero and only now is starting to move up... After POABTC broke above resistance in the form of EMAs.
  
  
• 2) The indicators, MACD and RSI, are bullish and strong.
  
  
• 3) POABTC has been consolidating since the last drop in late October.
  

These signals are telling me that this pair can easily start to grow now.

Conditions for change
POABTC is now trading above EMA10, 50, 100, 200 and EMA300 on the 4H timeframe, giving it strong bullish potential. If POABTC moves and closes below EMA100/200, or 0.00000190-0.00000188, then the bullish potential is invalidated and a new analysis is needed.

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This is Alan Masters.

Namaste.

Previous analysis Aug 18:

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