Notice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now.
I think this could potentially ride up to about 7.9k-8 in this channel before coming back down to one of the blue boxes. POA is on the verge of a big break, but it needs a little more time to accumulate. Above 9.5 is really uncharted waters, but theres a decent amount of hype surrounding this project and its new dimension to blockchain.
This project should present great upside in the immediate future. If youre looking for a flip and scalp, I have targets listed. Otherwise, id say its a good buy now. Current market cap is 150M so a lot of room for growth.
POA main net launches 5/10, so expect a pump over the next several days. Honestly wouldnt be surprised if this 2 or 3xs before then. I dont wanna shill, but alt season + new project + new type of blockchain tech (poa)= massive upside
SL - 5.5 P1 - 7 P2 - 6.3
Note: I filled my bags earlier last week, but I like where this is headed.
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