I purchased POE as a practice run. My goal was to experiment around to see if I could daytrade a cryptocurrency. I bought POE on December 20th, 2017 at $0.03 per coin. However, I lost the nerve to daytrade the coin. Every day, I watched the smaller ascending triangle formations chart out beautifully, but I just didn't have the nerve to buy and sell at the extremities. I had regrets after the bearish trend set in, with the big 3 definitely settling into downtrend channels. But now I am thinking that the reward could wipe out the regrets.
Looking at this chart, we see a very familiar formation that could end with a nice breakout within the next day or 2. This is somewhat similar to the descending triangle formed by LTC that broke out today, only 2 days short of my prediction. I think we will see a breakout that dwarfs the runs during the bullish weeks of the early December market. We'll watch and see what happens, but I think I'll remain LONG on this coin. There's just too much potential gain to take chances on cashing in the chips.
Thoughts, comments, or insight? I'd love to hear from you.
Looking at this chart, we see a very familiar formation that could end with a nice breakout within the next day or 2. This is somewhat similar to the descending triangle formed by LTC that broke out today, only 2 days short of my prediction. I think we will see a breakout that dwarfs the runs during the bullish weeks of the early December market. We'll watch and see what happens, but I think I'll remain LONG on this coin. There's just too much potential gain to take chances on cashing in the chips.
Thoughts, comments, or insight? I'd love to hear from you.