POWR - At The Very Bottom Again The Bittrex chart shows that POWR, one of the most promising projects, is at the very bottom right now.
Waiting for a clean reversal sign for opening a position.
POWRBTC trade ideas
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.
POWR/BTC 240 ...Buyin The Dips...Not really sure how Energy works with this Blockchain stuff...But it's definitely a Chart a Trader should take interest in. I will accumulate...
For my Education Only...
Longmoney
POWR on 4H perspectiveHere is a more global vue of POWR
You can see the 2 target in green
Support in Blue
Stop loss in Red
Power ledger has potentials 100-260% Profit targetsAccumulation will be good as the price trading in the region of 78.6% Fibonacci retracement.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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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.
POWRBTC 0729 - 0820 +100%Mid target
*Target 1: 4246
*Target 2: 4578
*Target 3: 4820
*Target 4: 5056
*Target 5: 5350
Long target
*Target 1: 4814
*Target 2: 6138
*Target 3: 7069
*Target 4: 8027
*Target 5: 9207
$1k to $100k Challenge - Day 13 Trade #21 - POWRHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 9 trades: 7 wins 2 loss
After 12 days and 19 trades:
Wins: 12
Loss: 7
Balance: 0.1878 B
USD: $ 1551
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #21
I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi
Sell target is: 4210 for 5% profit
Stop loss: 3818
I will be laddering my sell targets to protect profit.
POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO.
RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Powr\btc target on this uptrend 4700POWR did found support on the 200bb support lines, should test the ema in the bollinger bands on this up momemtum.
RSI also looking ready for this run.
Target: 4700
Entry : 3900
Stoploss: 3700
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PowerLedger 30%+ Profits OpportunityPower seems in a process of H&S formation. If it can close above the 23.6% fib level support if will rebounce atleast to the 50% fib level resistance level. Further updates will be available but if it closes above 3879 sats
Buy Zone : 3870 sats - 4000 sats
Short Term Targets :
Target 1 : 4475 sats
Target 2 : 4957 sats
If breaks resistance at 4957 sats
Target 3 : 5439 sats
Target 4 : 6126 sats
Further studies will be updated soon.
With Regards. Team TWA.
$POWR, The Last Dip….
Weekly
Looking at our trend timeframe we see price making a retracement towards our 4000 support zone. Momentum still in favor of bulls after our radical run from 3000 to 6000. Expecting a higher low at this level followed by a wick fill towards 6000. Waiting for price to get as close as 4000 before taking any buys.
