How Can We Make A Safer Investment?
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Many of my followers have been requesting POE (Po.et) and I found some possible value in it. There's two sides of a coin and same applies to Poet. The first scenario is that we've finished a classic ABC correction at around 65%. It's been a juicy but healthy correction. The question is if it's not over yet?
The previous set of 5 waves ended with a slightly extended fifth wave that often results in longer corrections (which I've explained in other posts as well). I'll present two viable scenarios and how you can make a better investment decision. Essentially in both scenarios, we're looking to break the triangle with some nice volume.
I wish you major gains!
Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment
💪 Short Term Target at 0.00001878 BTC
💲 Potential profit 95%!
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Scenario 1
Correction is over and we've started a new set of impulse waves. We're waiting for more volume to be able to enter the 3rd Elliott Wave. If we don't get volume, we can assume that the correction could be a little longer. If we manage to get some volume soon, which result in several green candles, we can meet the target pretty soon.
Scenario 2
In this scenario the correction is far from over. We're in a 3-3-5 correction and need to wait till the last C wave completes it's 5 subwaves. This type of correction would be better for Poe since it will exhaust the sellers more and will probably lead to a bigger price rise. Also, the volume confirms this scenario since we barely have any volume compared to the previous big price jump. (Check the green and red circles)
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.