Hello,
POWR (Powerledger), seems to be at the end of the consolidation period, after a good bullish 5 wave impulse, we are nearing the end of the decision triangle that has been forming for 3 months. I expect an up from here.TP1 = 0.00048, TP2 = 0.000526, TP3 = 0.00063; SL = 0.000364. Great R/R ratio, good fundamentals.
Please note that the timeframes I'm using are 4h and up, so trades can take some time. Good luck.
POWR (Powerledger), seems to be at the end of the consolidation period, after a good bullish 5 wave impulse, we are nearing the end of the decision triangle that has been forming for 3 months. I expect an up from here.TP1 = 0.00048, TP2 = 0.000526, TP3 = 0.00063; SL = 0.000364. Great R/R ratio, good fundamentals.
Please note that the timeframes I'm using are 4h and up, so trades can take some time. Good luck.
Note
Updated chart with fib levels
Note
Looking to break out of the triangleTrade closed manually
I'm closing the trade in profit, due to potential BTC drop. Will re-enter, enjoy.Note
Even though I closed my trade, great to see POWR smashed trough my TP1 and TP2! Go POWR!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.