PopwerLedger (POWR) is testing resistance
Updated
PowerLedger is testing the resistance of 11.5k sat that was established at the end of November.
If breakout happens the price could go to 15k sat. If bitcoin continues the horizontal trend, the breakout is much more likely than if BTC becomes bearish.
9-day ema serves as a support but in case that it gets broken the next support is at 9.5k sat.
If breakout happens the price could go to 15k sat. If bitcoin continues the horizontal trend, the breakout is much more likely than if BTC becomes bearish.
9-day ema serves as a support but in case that it gets broken the next support is at 9.5k sat.
Note
Resistance was not broken in this attempt. This was mostly because Bitcoin was bearish again. If trendline does not get broken it will be a good buying opportunity. 10k sat.
Note
Although the fall of POWR was following the whole market, the bounce of POWR was especially strong. I think that it will return to test the resistance of 12k very soon. Probably, it will become bullish again, much faster than a great majority of other coins.Excellent fundamentals of this coin make it a great investment.
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