Bullish POWR Trade - 3 Possible Targets3 Reasons why i buying POWR for this 3 target trade.
*RSI has bottom out and its showing strenght of upwards trend on daily chart
*CCI also showing upwards momentum on the volume side from the buyers
*MACD is about to test cross on daily - still waiting confirmation
Lets see how it now plays out the next days.
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Remember stoploss with a target you can live with of the trade turns out wrong way.
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Powerledger
Don't be a Fool to Pass on $POWR Pump!I published a quite many "long" category charts at the moment, not because of bias, but because of it indeed the buy season!
POWR is as the ticker you might have a clue what project they are on. Yes, energy. Just like Elon Musk do with his solar city thing. Right now it have it's dominance on Australia and couple more in other country like Japan, Switzerland and North America.
POWR chart has experiencing a dead cat bounce already just like the others and have yet, experiencing it second bounce. Pretty much looking for the bottom of it on the green box area.
I'm confident with POWR will be back to it's price all time high, just considering the BTC value. This token have a great fundamental and not gonna denied, a great progress too.
Everything match my criteria and strategy, bullish on POWR.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
$POWR, New Beginnings…
Weekly
Lookin at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Will be watching smaller timeframe for entry, possible lower low ahead.
Daily
Shifting over to our pattern timeframe we see price has found support at 2400, and is now testing our dynamic resistance. Stochastic RSI showing momentum in favor of bears, a rejection from this level and expect our price to sell off towards 2100. A daily close above 2600 activates our trade.
A trading opportunity to buy in POWERETHTechnical analysis:
. POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00062400 to 0.00055000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00062400)
Ending of entry zone (0.00055000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00075400
TP2= @ 0.00088300
TP3= @ 0.00097400
TP4= @ 0.00115000
TP5= @ 0.00132700
TP6= @ 0.00157900
TP7= @ 0.00190000
TP8= Free
A trading opportunity to buy in POWERETHTechnical analysis:
. POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00062400 to 0.00055000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00062400)
Ending of entry zone (0.00055000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00075400
TP2= @ 0.00088300
TP3= @ 0.00097400
TP4= @ 0.00115000
TP5= @ 0.00132700
TP6= @ 0.00157900
TP7= @ 0.00190000
TP8= Free
[POWRBTC] Power Ledger Prepares To Move [140% - 575% PP]Power Ledger (POWRBTC) is preparing to make a move. Let's take a quick look at some of the signals we are getting from the charts.
Charts, signals and indicators
Strong bullish divergence on the MACD. Marked with purple line.
Strong bounce from late 2017 support.
RSI bounce from oversold, plenty of room available for growth.
STOCH trending bullish.
Trading above EMA10 and consolidating after breakout.
These are early signals, need more time to develop.
Low risk, high reward.
Here is the long term chart so that you can see the profits potential (PP):
Trade instructions for Power Ledger (POWRBTC) by Alan Masters Trades
Buy in: 0.0000220 - 0.0000245
Targets:
(1) 0.0000291
(2) 0.0000350
(3) 0.0000445
(4) 0.0000512
(5) 0.0000598
Stop loss: Close below 0.0000197 on the daily.
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You can train your body but your mind also needs some work.
You can train your brain, while you exercise with your legs.
You can train for your work, when you study, learn and learn more.
You can also train your soul, when you meditate under the sun.
Next time you train, make sure you to train them all.
To become a real success... TRAIN YOUR BODY, MIND & SOUL!
Namaste.
POWR/BTC can give us over 120%.I'm waiting with my position on POWER LEDGER, as it didn't close that correction as I would like it to (which is 1:1 to previous correction).
Always invest accordingly to your own rules, and never break them (it's the hard part). In bear market I'm looking for coin with decent volume, I'm waiting for low RSI, strong support lines, Fibonacci levels and 1:1 corrections. And Stop-Loss is a must. I burned so many trades just because I didn't set a stop-loss, that it's my top priority now.
POWR has:
decent Volume,
too high RSI (I'm looking for something below 30),
it's close to strong Fibonacci lvl (88.60%),
it's close to 1:1 correction.
So it's still not where I would want it to be, but let's watch POWR for now, as it can grow from 2150 to 5000 satoshi (which is over 120% of gains).
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DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter or Steemit.
powr/btc potential holding over 20ema and did pass 50ema yesterday. if market behaves could see power ledger being some of the first to start moving upward but could still see a fall back. if just entering on this coin keep stop loss close
can also see DMI is staying on the + side and looking to be bending up. can also use this as an indicator to sell if it crosses red line after touching stop loss 1.
as marked.
loss
SL1 2765
SL2 2430
profit
TP1 3281
TP2 3794
TP3 4248
TP4 5031
good luck :)
POWRBTC BITTREXPOWR heading back down to test support at the 3100sat level for the third time. It is forming a descending triangle pattern which usually is a bearish sign. However if this support level holds for the third time it will form a triple bottom which is a strong reversal sign and we may see a decent bounce and a break out of the triangle.
My ultimate entry for a POWR long hold is the 3k area but if it looks like this support is going to hold again I will look for an entry once confirmed.
If it breaks down here then the next key support level is a weekly at around 2950sats.
Watching closely.
POWRBTC BITTREXPOWR is respecting the short term downward trend and is forming into a falling wedge. Coming down to the lowest level it has been for quite some time, I have a buy zone of around 3000 satoshi just above a strong weekly level of support. Once we reach this level I will be watching very closely for potential long positions.
Some potentially huge gains to be made in the mid to long term hold timeframe.
POWRBTC BITTREXAfter breaking out of the long term weekly downtrend, POWR has started to create new market structure with a higher high and higher low. It has now pulled back to a weekly support level which has been respected multiple times.
If this support level can hold, we may see a strong bullish move back to test the previous structure around 5300 mark or even the most recent high at around 6200.
If we break down here we will see powr head down to find support. The next key support level is a weekly support around 2950. This is also the lowest level that POWR has seen since being listed on bittrex.
With it's strong fundamentals it could be a good time to fill your bags for a mid to long term hold if we can hold this support level.
If we break I will be looking for another entry around 2950 for a mid to long term hold.