WAVE 3 MONSTER RUN FOR POWRCheck out this analysis on POWR
All waves following Elliot Wave Chart pattern rules,
Targets are based on fibonacci retracements.
Please play the game at your own risk, this is merely a PROBABLE pathway the charts will take in a few days/weeks
Lot's of love, all the best and always be grateful ! <3
POWRBTC trade ideas
Breaking through all time high for newer highs?Powerledger seems to be climbing on to break through the all time high that was achieved in November. The upward channel has been providing support and if the price breaks through successfully, we might see huge growth.
Coin is fundamentally backed well as well, with good partnerships in Australia and some other regions. Could be a good coin for the long run, and profits could be quite high with BTC currently range-bound.
POWR PATH, EW TheoryHey guys, so i have been off on my latest predictions so I think I need to hit some more practice charts to see were this bad boy is headed!
Please give me your ideas and criticize the hell out of mine, greatly appreciate it! GL.
Note: I have held POWR since 0.00003500 and haven't been dipping in and out of these waves like i've hoped, but regardless I think the end position remains the same.
Cheers,
Synco
My notes to explain POWR's future PathwayMy last idea was completely off due to an incorrect count on my original wave. This shows the importance of understanding Elliot Wave Theory to make sure you get the most out of it's potential.
Here is a potential pathway for POWR, sorry if it is messy but I wanted to show you the forest AND the trees so you understand what has been happening, and what WILL be happening.
These are my two possible corrective pathways which will grant us wave 2 in our supercycle, giving way to a POWERFUL wave 3 which i'm frothing in the mouth for!!!
NOTE: I am a NOVICE in my Technical Analytical skills so please, PLEASE critique my analysis or ask me some questions so I can help you help me!
All the best guys and thank you very much for your attention!
POWRBTC (1D)i like this going for longs has a good project but , my work here is obtain lots of profits with minimun risk that's why I like to operate with throwbacks. and this is a good opportunity just patience if he does the throwback great! if it keeps going up it does not matter we have a lot of opportunities.
Operand mode: Rejection in old resistance, waiting for a retracement in the level 0.38 of fib, a quite bullish channel is being built, rsi and macd marking a descent
Entry: 7500; tp1: 10400; tp2: 3232; risk: minimum
Targets for powr and entry zoneFA wise powr is competing with 10 other startups for the extreme tech challenge in Las vegas. On the 9th january there are the results of the competition and I expect a lot of positive speculation on powr price for the incoming days. Its a few days hold for me.
TA wise its loooking sweet as well, buy in blue box sell in red box, easy money, easy life. no stop loss for this one ill update the situation if it goes wrong but imo it shouldnt.
Moreover it might print a scymmetrical triangle which is a trend continuation sign
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.