Power Ledger (POWR) - breakout?Going thrue Binance coins i just noticed something interesting. Play it smart, watch out for BTC ride! Remember that Fib Retracement points might work as resistance - these are the possible targets.
The breakout was notice at 0.786 Fibo so technically it looks perfect.
POWR
Power Ledger #POWR RSI oversoldCoin hasn't been around long enough to confirm real support/resistances, or at least numbers I am confident spitting out.
It may catch support at 5k, 4.5k or lower, but the RSI is oversold, so it should rebound in the next week.
We will have to wait and see exactly where it finds support, and gains some volume ++price action.
POWR POWR...Who Can MasterHere is an updated chart on POWR as it has been a while. For now I have marked off wave 1 high from previous completion. Checking for target buy zones. I am long but this chart is messy. IF you're super long then you have no worries lol.
Education purposes only.
Updates soon...
--longmoney
Power Ledger ready for takeoff ?Fundamentals are amazing
I have been buying my way into POWR during its initial downtrend from 4000 to 3000 and have advised to clients and students to look into it since the 3000 to 6000 levels back in december. Sold a huge part of it when I said that alt season was over.
After the chaos of january, it seems that POWR found itself again, and is ready for a very high reward low risk trade.
Bought back the initial position when btc was 6100-6300$ as with all my alts, and now I'm a buyer again, looking to add in case we get a second alt seasons (LTC, ETC, OMG, XRP and few others paved the way)
virtual stop loss (meaning I will set an alarm and monitor the reaction) below the blue line. Targets will depend on momentum. Rebuy levels too. It all depends on btc piercing the resistance or not.
This is an aggressive buy for a trade, as a TOO bullish btc or simply bearish btc will make powr/btc suffer, so act accordingly. But it is also decent long term investor re-entry
Stay frosty
POWR Update...Long--but watch for the pump fakeSince this correction, my POWR portfolio has taken a punch. They say don't trade corrections, but if you're in you're in. Out the market or in the market. With that said, my POWR position has been slightly more aggressive due to the riskiness I see in its chart. Initially I had a leading diagonal, followed by an ending diagonal (indecision, very wavy). You can also clearly see that POWR Ledger is still inclining . And that's going way back, to November 2017--before the correction. Assuming POWR trades technically, risk/reward doesn't even need putting on the chart.
Hence my Long position and slight aggression ;-)
--longmoney
Way to the Support Level. POWR tokenPOWR token price has recently broken below the 100-Day EMA line. Continuing the falling trend, the stock price will testing the strong support level at 6.5k. MACD is also below the zero centerline, indicating a bearish trend.
The RSI indicator indicates that the token is near oversold territory on price charts. Currently the RSI is at 28 indicating the oversold area. However, the signals from RSI and Bollinger bands are strong, hence the token price is likely to remain below 20 day moving average resistance line.
Power Ledger (POWR) - Profiting Off The Unconventional [Feb2018]INTERPRETATIONS
BINANCE:POWRBTC is an ambitious project that democratizes power and electricity. Although promising in its future success, the project will not likely begin to yield significant progress and contribution until there is stability and universal acceptance of cryptocurrency as a whole. Despite POWR's secondary/tertiary stance & inability to provide in the short-term, its foundation and future promise will help keep the project relevant and competitive. This delivers opportunity for investors to enter a position with lowered risk.
BUY SIGNALS
-Pitchfork support test
-RSI heading upward
-Green cloud buying pressure
CAUTIONS & CONFIRMATIONS
-Double bottom possibility enforces upward momentum
-T&K cross to be tested
-Price-Cloud Bear entry (awaiting price to reverse w/successful challenge or outbreak below)
POSITIONS
Entry @ 8020
Double Top POWR/ETHLong-term trend is still intact. Price testing then crossed the 20 EMA . There is confluence between the RSI , MACD price action, however there is divergence in relation to the long-term trendline which remains bullish . I am waiting to see if the price action tests or breaks support at the 0.786 (0.00085436) Fib retracement level and will act accordingly.
Full disclosure - I am still learning TA - Any feedback is always appreciated - I am trading on POWR/ETH and placing orders based on my TA, however, if you do have any doubts in regards my chart, rationale and that fact that I am still learning the craft; please do not buy or sell based on my analysis alone. I would urge you to also look at more experienced members charts before making a decision.
Please note that I deleted the 1st published version of this chart because I thought I had made it private instead of public and didn't know how to change it. This TA is the exact same one. Please forgive my noobness.
Thank you for taking the time to look at my idea.
Bullish Convergence POWR/ETH - Target Price 0.00090000Rising wedge with divergence on the RSI. 150 MA has crossed over the 200 MA. Both 50 and 150 MAs are now on an upward slope. Price action has surpassed the 200 MA. Fib trend extension - Support held at 0.382 (0.00081491) POWR appears to have found support at 0.5 (0.00083297), whether this will hold is still yet to be seen, and has tested resistance at 0.618 (0.00085103). I feel confident that price will exceed 0.00088000, however, a target price of 0.00090000 may be overly optimistic. I believe there is strong enough confluence to support a continuation of an upward trend signaling a bull market.
Full disclosure - I am still learning TA - Any feedback is always appreciated - I am trading on POWR/ETH and placing orders based on my TA, however, if you do have any doubts in regards my chart, rationale and that fact that I am still learning the craft; please do not buy or sell based on my analysis alone. I would urge you to also look at more experienced members charts before making a decision.
Thank you for taking the time to look at my idea.
Power Ledger POWR BTC Forecast - PennantPennant seems to be forming on POWR chart. Chart shows converging bullish movement however it lacks volume. If it gets the right volume, targets are as follows:
Target 1 8600
Target 2 9000
Target 3 9400
Support stands at 8,000
Resistance at 8,400
This is not an investment advice, always do your own research.
Power Ledger Power ledger is sitting pretty inside the asymmetrical triangle.
Power will need an increase in volume for the next push upwards, otherwise we should expect to see movement down to the lower support if it continues to test the current trend line support. Power is bullish right now since it is sitting above the red ichimoku clouds.
Powr ledger a solid pick for 90-152% profit potential.Hi guys,
heres a favourite of mine, a fellow aussie coin called powr :)
Power Ledger is an innovative way to manage power consumption, with their powr and sparkz mechanism.
Buy: 8650 - 9500 sats
Sell: 16450 - 17500, 21800 - 22800 sats.
This project won't really take off until mid to late 2018 q3-q4 area with an absolutely packed 2019.
Some Fundamentals:
The blokes at power ledger are in the finals at the Extreme Tech Challenge, meaning that a lot of developers and large companies, such as the sponsors of the event - Cisco, Samsung to name a few gain exposure to this great coin and great team.
Mind you Extreme Tech Challenge is led by the very famous Sir Richard Branson, who is a very influential and powerful man.
Dr. Green the cofounder and chair of powr ledger will be hosting a talk at the Inspiring Leader's Summit, again improving Powrs exposure to the community.
Powr's timeline look to be gradually completed over the course of the next year and year after.
Technicals:
To me, it looks like POWR has completed the first 5 waves of the first cycle and looks to be close to finishing the correction in the 2nd corrective cycle.
The Second wave had retraced perfectly down to the 0.618 levels and looks to be ready for the next leg up, starting the 3rd impulse wave, usually the longest and the greatest wave.
Using fib extensions we tentatively set a sell target at the 1.0 extension and at the 1.618 extension ratio for our second target.
Keep in mind this is a long term projection. It won't reach this in a few days or weeks (wait nvm, its crypto you never know), but do be patient :)
Im still new to this technical analysis stuff, still learning elliot waves and fibs. I welcome all critics. So go ahead and grill me :)
**Keep in mind the tether situation! It can and will bring the whole market down if it is a scam and thus my analysis and almost everybody elses analysis are redundant**
POWR BTC - 70% Profit - 10 DaysPOWR BTC
70% Profit
10 Day time interval
Risk : Reward - 2:96
Sell within sell range
Target 1: 0.00005949
Target 2: 0.00009676
Safety Target: 0.00006789
ETA: Around the 02 Feb 2018
Hey there everyone,
this is a late trade but we can still coin it from this point
safety target when unsure
Remember to use RSI and your favorite Moving average to confirm the trade
'Luck
PowerLedger VS Bitcoin New All-Time High?PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi.
On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline.
This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook.
POWR/ETH Triangle or FLAT?This structure is developing nicely. If the first wave up is an impulse than i'm expecting price to correct in 3 or 5 waves before getting the next impulse.
Every time it comes to the low im looking to accumulate more with a SL at zero.
Thanks for looking. Trade responsibly!