POWR
POWR BTC good buy if you're late, but may consolidate a bitPOWR has a lot of fundamental stuff behind it, it's not a shitcoin. That said, I see a little bit of bearish divergence between the price and RSI and a wedge may be forming. I think it will consolidate around the 0008540 range before taking off again. If it breaks above .000947 area that would be another strong bullish confirmation signal. Overall it is quite bullish. People with a life outside of trading would be better off just holding POWR for a long-term swing trade rather than trying to catch another dip.
POWR Tightening UP POWR is tightening up and looking for a break of downtrend line. Once we break the downtrend line this will confirm a continuation of the trend in the long term.
Buy in BUY ZONE
Take profit at point A for min 60% profit but i think the best way to trade this is increase your stoploss. There will be a lot of news in relation to this coin in the new year which will increase the price dramatically
Stoploss 00003510
Bullish Divergence on Power Ledger - Feedback pleaseHi. I am completely new to technical analysis and have been learning from other members of the community. This is the first Idea that I have published. I believe that the MACD, RSI, forming of a wedge and trend lines are indicating bullish divergence on Power Ledger. I am really looking for feedback to see if I am doing this correctly. Any thoughts or advice would be greatly appreciated. Happy new year. I hope 2018 brings everyone reading this good health, happiness and prosperity.
Powerledger 29 December 2017$POWR Potential breakout happening right now! But.. RSI is in pretty high zone, so we might see a drop down as well.
Scenario 1: Breakout, retest of support line and then straight to 1st target zone around 8K sats.
Scenario 2: Can't breakout, in that case we'll drop back to the top green box and try again.
Scenario 3: Can't breakout in both cases, then we'll fall back to 5500 zone and try again in the new year.
Good luck trading! If we can't make the breakouts, put your stop/loss just below the green boxes.
POWR - An Uphill Holiday Weekend?BITTREX:POWRBTC is nearing a 4 Hour MACD cross within a generally upward-trending channel, designated in blue. Note the declining volume as we ascend. We've previously seen our biggest POWR gains to date under such conditions.
At the time of publication, we're experiencing a very nice bounce off of the 0.618 Fibonacci Retracement Level. We seem to have strong resistance to our general uptrend at the 0.886 Fib level (0.00007540), which corresponds with our last lower high before our bounce at the all-time-low of 0.00002611. The 0.866 is going to be a key level for the bulls to break, and could see tremendous follow-through.
We also have a very clear equilibrium pattern emerging with a high of 0.00008011, a low of 0.00005354, a lower high of 0.000076 (possibly 0.0000715 depending on how you measure), and our last higher low of 0.00006324, which bounced off of our upward trend support line.
A close above 0.000076 confirms a bullish break of the equilibrium pattern; a break below 0.00006324 indicates a bearish reversal of our current trent. Depending on our volume and momentum, even a close above the 0.0000715 could be enough to push us a leg higher. I'm going to be very cautious, however, of the aforementioned resistance at the 0.866 Fib level. It has proven to be strong, but (*ahem*) we have the POWR .
We appear to have remarkably strong support at and south of our 0.382 Fib level, between (0.000051 and 0.000054). In the event of a dip or more Bitcoin drama, that's where I'll be looking to "fill my bags," as the kids say.
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POWR 25 December 2017 Short Term TradeGeneral info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave, RSI is turning up above 50 as well and the MACD stays positive.
Sidenote: Lot of new info for POWR coming in Q1 2018.
Scenarios:
1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle.
2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support.
3 - After Leg D, we'll break the resistance of the triangle and go on.
Targets if we break resistance:
First Target: 8K sats
Second Target: 9.5K sats
Third Target: 10.6K sats
If we drop down, we'll fall back to 6K sats to test that support.