POE: Accumulation Over. Ready to Pop?
- POE has been identified by the Nouvive Research team to alongside MFT to pop.
- It has extremely bullish on the 1D Chart.
- Volume has been hidden well – appears that a group/community ready for it to explode.
POE or PO.ET brands itself as the Decentralised Protocol for Content Ownership to track it for digital creative assets. It accomplishes this by its own market place.
Upon staking your certificate of ownership in the form of Coins, you ensure that no individual can infringe upon it. It has the added ability of removing or rejecting content if the content isnt relevant. If this occurs, your coins will be confiscated. Ensuring that this Proof of Existence works and it is a community project.
What does the Technical Analysis Say?
- The On-Balance Volume illustrates that since early July, the coin has been in the process of accumulation.
- Each time on the Higher time frames, POE has been unable to surpass the 55Moving Average – this changed during October.
- On the 15th October, it was the first time POE exhibited Bullish sentiment when it moved above the 55MA and later the 90MA.
- Over the past 10 Days, the 15MA has been used as a resistance – this is extremely bullish price action.
- If POE closes above 0.0126 today – 24 October 2018 – this will illustrate a break out of accumulation and a chance for it to pop close to 80% to 0.02
- The RSI Stochastic explains that its refusing to dump, instead choosing to increase.
- Volume has been above average, illustrating that some early movements can be seen.
Nouvive recommends an entry position of 0.0125, with a stop loss of 0.0112 and a take profit of $0.04 representing a 4X on the position within 4 Weeks.
This has been awarded by Nouvive Research a 67% chance that this will Occur.
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