POWRUSDT 1WPOWR ~ 1W
#POWR Buy gradually within this support block, if you still have Conviction on the coin. With a minimum target of 20%++
Powrusdtlong
POWR/USDT Looking GreatPower/USDT is showing potential for a breakout from a symmetrical triangle pattern on the 8-hour time frame. A solid breakout could happen soon. If the price breaks out and successfully retests the breakout level, we might see a surge of 40-80% in the coming days. Keep an eye on this movement, as it could be significant. This is not financial advice—please do your own research.
Long POWRWith BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a dollar again but that will be my final target rn with profit taking along the way. Entry was .38 with a SL of .29 for a rrr of 7/1.
Unlocking Profit Potential: #POWR/USDT Technical Analysis#POWR/USDT pair:
Technical Analysis:
Trendline Support: POWR is currently above a strong ascending trendline support, suggesting a bullish trend.
Rebound Potential: The trendline support indicates the potential for a rebound in the price.
Entry Point:
Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the ascending trendline support.
Additional Entry: Add more positions if the price drops to 0.3833, using this level as an additional buying opportunity.
Target Prices:
Set specific target prices at $0.45, $0.47, $0.54, $0.62, and $0.74. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
To manage risk, set a Stop Loss (SL) at 0.36. This level is chosen to limit potential losses in case the market doesn't move as expected.
Risk-Reward Ratio (R:R):
The Risk-Reward Ratio is mentioned as 1:6. This indicates that for every unit of risk (1), there is the potential for six units of reward. A higher R:R ratio is generally considered more favorable for traders.
Cautionary Note:
Emphasizes the importance of using leverage cautiously and aligning it with individual risk tolerance. Using leverage conservatively is recommended to minimize the risk of substantial losses.
Reminds traders to conduct their own research (DYOR) before making any trading decisions, emphasizing that the information provided is not financial advice.
In summary, the recommendation suggests a bullish stance on #POWR/USDT based on the strong ascending trendline support. It provides specific entry points, target prices, and a risk management strategy, while also urging traders to exercise caution, especially with leverage, and conduct their own research.
POWR/USDT - Power Ledger: BBand Breakout◳◱ On the $POWR/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.2618 | 0.2883 | 0.3531 and support near 0.197 | 0.1587 | 0.0939. Entering trades at 0.2949 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Power Ledger
▣ Rank: 230
▣ Exchanges: Binance, Bybit, Gateio
▣ Category/Sector: Services - Energy
▣ Overview: On July 21, 2022, the SEC stated that POWR is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info.
Power Ledger is building a platform with the goal of creating decentralized energy markets
◰◲ Technical Metrics :
▣ Mrkt Price: 0.2949 ₮
▣ 24HVol: 16,115,293.596 ₮
▣ 24H Chng: 16.148%
▣ 7-Days Chng: 24.79%
▣ 1-Month Chng: 44.18%
▣ 3-Months Chng: 79.43%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.2618 | 0.2883 | 0.3531
◢ Support: 0.197 | 0.1587 | 0.0939
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 4.15
▣ Last 90D: 2.67
▣ Last 1-Y: 1.10
▣ Last 3-Y: 0.84
◲◰ Volatility :
▣ Last 30D: 1.89
▣ Last 90D: 1.25
▣ Last 1-Y: 0.89
▣ Last 3-Y: 1.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.45 - Bearish
▣ Reddit sentiment score is 0.52 - Bullish
▣ In-depth POWRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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