Hello guys, first of all thank for those who check my first TA (BRD/BTC).
I will try to publish other trade in the coming days. In order to remain very clear on my objective, I will siwtch the tag from Analysis to Educational.
Indeed, and as I said in my first post, my current objective is to practice my technical analysis, and share with you. Every comment will be welcome, as I just started in this exercise and I have a lot to learn from this community !
To come back to the present analysis : POE/BTC, 4 hours chart !
According to the chart, we can see a horizontal triangle form with support line (green) and the resitance line (red). It seems that we are coming slowly to the end of the triangle, which means the end of the actual trend. Additionaly, we can see that we will soon reach the last point of the waves, E.
RSI chart indicate that we are moving towards the support line. We should normaly bounce from it, arround the point E. From that, it will depend on the volume that will come in this trade. We can see that the volume was continuously decreasing since end of 2017. It give some room for incoming volume, which will be necessary if we want to break the triangle with strengh.
I will monitor this trade until we reach out the end of the triangle. It will be very interesting for myself, and I hope for you, to see if my TA is good on this one !
I will also try to bring some information about POE, which, from my actual knowledge, seems very promising !
Disclaimer : This is not an investment advice, keep that in mind while reading this please !
Thank you very much for your time, and for any comment/feedback you would give me on this one !
I will try to publish other trade in the coming days. In order to remain very clear on my objective, I will siwtch the tag from Analysis to Educational.
Indeed, and as I said in my first post, my current objective is to practice my technical analysis, and share with you. Every comment will be welcome, as I just started in this exercise and I have a lot to learn from this community !
To come back to the present analysis : POE/BTC, 4 hours chart !
According to the chart, we can see a horizontal triangle form with support line (green) and the resitance line (red). It seems that we are coming slowly to the end of the triangle, which means the end of the actual trend. Additionaly, we can see that we will soon reach the last point of the waves, E.
RSI chart indicate that we are moving towards the support line. We should normaly bounce from it, arround the point E. From that, it will depend on the volume that will come in this trade. We can see that the volume was continuously decreasing since end of 2017. It give some room for incoming volume, which will be necessary if we want to break the triangle with strengh.
I will monitor this trade until we reach out the end of the triangle. It will be very interesting for myself, and I hope for you, to see if my TA is good on this one !
I will also try to bring some information about POE, which, from my actual knowledge, seems very promising !
Disclaimer : This is not an investment advice, keep that in mind while reading this please !
Thank you very much for your time, and for any comment/feedback you would give me on this one !
