BTCookieMonster

POE Oversold

Long
BINANCE:POEBTC   None
I have been watching POE for a few days now, and I will admit that I have been wrong on the timing but I am still firm on my assessment. POE has come out of an Elliot 5 wave, and is in he final stages of completing an ABC correction. It has just dipped below the .5 Fibonacci but it is also below the 30 on the RSI, indicating that it is oversold. I look to see a turnaround very soon, especially in the anticipation of more money leaving BTC for ALT's as BTC crosses the 13k mark.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.