POA Network is only getting started, but how do we know this?
We are mainly looking at POABTC volume and long term chart to know that what we are seeing, it is only the beginning of additional bullish action.
Let's get started...
POA Network (POABTC) Daily Chart
On the daily time frame, we can see super high volume after POABTC retested EMA10. This high volume candlestick 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 volume 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 bullish action we are seeing is just the beginning.
High volume. Monday, start of the trading week, and the volume for this week is above average. Higher than all of the red volume bars.
The TD Sequential started a new count... We can go up from here.
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