POE bearish scenario
-POE still looking bearish on the 4hr chart.
-POE needs to break out of the 24 hour high, the 4 day bear trend line, and then also break out of the 9 day bear channel we have been in. Lots to keep an eye on.
-Stochastic RSI is testing 50% area
-MACD will need to make a decision soon. Either a cross upwards or a bounce downwards.
Note: BTC's trend can influence this trend.
-POE needs to break out of the 24 hour high, the 4 day bear trend line, and then also break out of the 9 day bear channel we have been in. Lots to keep an eye on.
-Stochastic RSI is testing 50% area
-MACD will need to make a decision soon. Either a cross upwards or a bounce downwards.
Note: BTC's trend can influence this trend.
Penafian
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