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POWR

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.
Long
by CryptoPAMM
2
POWR/BTC Long After Consolidation PeriodA relatively new coin with long upside potential. However, as a trader, I could care less about fundamentals. The mantra: Trade it until it fails. And since its inception nothing but clear signs of technical trading. POWR is following the Elliot Waves perfectly. With that being said, due to a leading diagonal after the first wave 5 completion (the 2 overlapping the 1), we have yet to put in the larger degree wave 1. I see us now in an ending diagonal of the larger degree wave 2, subwave 5 (which I propose has yet to complete). What does this mean, well if the count holds, we are headed to much higher prices further down the road. That being said, I am on Long on POWR. Initial targets are green boxes. I will post updates and updated targets once consolidation nears its end. But keep in mind. Once wave 5 completes, this is still only the 1 wave of the largest degree. Pay close attention to the support line. Updates coming soon. As always, I am wrong more often than I am right. This is not trading advice; only technical analysis for myself. Trade wisely.
by longmoney
20
POWR Ledger | New Coin / New Technology = Lots of GrowthPicking up some POWR during this dip. I like it here because we are close to the bottom of the channel. Me and many of my followers originally entered at 6.5k (original chart deleted by TradingView), but I believe this is a new good opportunity to accumulate. This is a mid to long hold for me. Short term upside looks decent as well. Although coin is currently at 6x the ICO price, the current Market Cap ranks it at only #72 among other coins. A coin like this should rank much farther ahead (I'll explain why in the fundamentals below). In addition, coin is not even $2 yet. These parameters indicate to me that we have a lot of growth ahead of us. Entries: Position at 9.9k, orders at 9.1k, and 8.5k Targets: 11.7k (major resistance), 15k, 19k Stop Loss: 7.6k -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fundamentals: I like to use different metrics when evaluating a coin. One important metric I like to consider is the sector that the coin is trying to tackle. Another metric is how far along a coin is to executing real projects, or how much backing it has. POWR is a coin I believe is in a very promising sector: Energy Blockchain. I could go into the technology benefits of having a decentralized network that can keep track of individual energy usage, and allows for peer to peer energy trading. Instead, I'll just link this article that states companies, including Shell and BP, are backing a blockchain powered energy trading platform: www.coindesk.com While POWR is not this specific platform, I included the above to show that this is a very valuable sector that big companies are showing interest in. POWR itself has the backing of the Australian government ($8 million grant), and is working with the biggest energy provider in Australia. This puts POWR ahead of most coins in terms of development and backing, while being in an a very valuable sector that could become global. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
Long
by ecoinamist
4
Power Ledger Looking HorizontalWith the MA 50, MA 100, and MA 200 all looking very flat today, we will see if it will want to go back up into its respective channel. Yesterday POWR went into its bearish cloud and it may take a few days to see it emerge out of this bearish trend. With BTC falling this morning, we could see POWR go up through the week and with the numerous events POWR has going on this month, I believe it will eventually hit $2.75. If you want to read more on POWR in January: steemit.com
by PreSager