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Power Ledger / Bitcoin

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POWRBTC trade ideas

Power Ledger - Long: 170% up, or more. Hello, It looks like Power Ledger is getting ready for a very big move to the upside. The current chart very much reminds me of when Cardano (ADA) was just released. I know similar patterns don’t mean similar success, but it’s a good indication. The chart below is Cardano in November 2017. As you can see, the pattern is almost identical to Power Ledger right now. If we break out, the first target might be around the 0.00016780-levels, which is a 170% move from where we are now and the 0.618-fibo extension of the current price range. Looking at the project itself, I think it’s very much undervalued right now. If you want to trade this long-term, I think 170% upside is just the beginning of a bigger move. Price might also break down from here, to accumulate for a while before moving up.
Long
by Alireza_ITS
7
POWR 15M Timeframe Chart 19 December 2017POWR, short term version. Seems to be making an ascending triangle, RSI is turning above 50 as well, indicating that leg C is done, going to leg D. Made two small breakouts as well, so that’s great. MACD will become positive within an hour, wouldn’t be surprised if we see this pattern and break out of it tomorrow. Scenarios: - You can swing the legs. - Buy the breakout after leg E (or perhaps earlier if it breaks horizontal line) - If we fall out, start accumulating around 5000 sats (first bounce probably there, could be around 5400, but that’s more risky) Good luck!
by CryptoMichNL