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Power Ledger / Bitcoin

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POWRBTC trade ideas

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**
Long
by EnZo
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
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