POWRETH (POWER LEDGER) - WEEKLY ANALYSIS
ANALYSIS 🔎
- POWRETH is bounded in the major falling wedge pattern.
- The downtrend swing was bounded in the minor falling wedge pattern.
- Price bounced off the major falling support and brokeout above minor falling wedge resistance.
- Possible retest of the major falling wedge resistance.
BUY ENTRY ⬆️
- Market price.
TARGETS 🎯
- Horizontal resistance level (R1).
- Major falling wedge's resistance.
SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level (S1).
- POWRETH is bounded in the major falling wedge pattern.
- The downtrend swing was bounded in the minor falling wedge pattern.
- Price bounced off the major falling support and brokeout above minor falling wedge resistance.
- Possible retest of the major falling wedge resistance.
BUY ENTRY ⬆️
- Market price.
TARGETS 🎯
- Horizontal resistance level (R1).
- Major falling wedge's resistance.
SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level (S1).
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