POWR long opportunityWith BTC heading down, POWR is performing a run up. If BTC breaks the resistance trend line 13500. Then we should see POWR going higher.
POWRBTC trade ideas
POWR potential for breakoutPOWR is constantly falling since more than 2 week
There is a small trend line breakout, which needs to be validated with a volume rise.
To keep under scrutiny for the time being
POWERLEDGER/BTCPOWERLEDGER hit support level at falling wedge pattern.
we can set new buy from this point, and set 100% - 300% profit target.
Good luck
POWR consolidation and ranging for nowBITTREX:POWRBTC
Here is my idea about POWR for the next 2 weeks or so. RSI and MACD support the up trend but we have quite a journey till we can say is a bullish trend. It needs to break one by one each of the down trend resistance I drown so I expect the coin to go in a ranging trend (not my favorite) but that how I see it. After it breaks off around 4500 we can say is a bullish trend and look for upper targets.
The other scenario would be that it fails to break the resistance and investors loose their interest and get weaker or BTC shakes again which would send the price even lower then 2600. 2600 is a good long term acquisition if you ask me but it could go lower.
PowerLedger on its way to recoveryMy previous thoughts on this trade are saved here :
The big purple lines are the edge of a big bullish Pennant. Everything looked bullish and promising for POWR, but the BTC peak killed it. Furthermore we got the wrong signals and the price dropped even further.
Apperently we see a small recovery due to a small BTC correction.
We peaked hard through the small green triangle and broked the resistance line of the big purple triangle, which is now our support level.
We created now a bigger red triangle and if we are able to break through this one, we have the power to go through the purple triangle too. Then we should have a strong signal for a lot of traders.
Nevertheless you should be cautious. Everything depends again on BTC, if its stay stable for some days, if it will peak or dip.
POWR: Possible Ascending Triangle BreakoutBITTREX:POWRBTC appears to be retesting current support (prior resistance) at the 4000 price level. This is a possible buy opportunity for a likely bull run if support holds. As always, a tight stop is suggested as the market is still in a high volatility period. More updates to come...
Looking quite bullish! Finally!Looks like we'll consolidate a bit in this last bit of the wedge. Once we break out of the cloud things get v. interesting.
POWR preparing to test major resistancePowr is now holding steady against the recovering price of BTC, and has broken from previous downtrend brought upon by BTCMOON!! etc.
Looking at 3780 for resistance, wait for candle to close before making decisions
POWR now in upward trending channelPOWR has now broken the down trend and found an upwards trending support. Still early but looking as if this could be a break out. Caution advised
Powr breaking trendlinesPowr had reached low support levels and bounced back to break through trendline. Good fundamentals coin choked by the massive growth of btc.
POWR REVERSAL??POWR trend reversal if we can break the 0.00004556 and close above it on 15 minute time frame. Look for increasing Bull Volume and a potential btc pullback..
Powr is oversold on 4 hour rsi...
Fundamentals: Melbourne awards are on tonight and POWR is a finalist..
Buy the news rumor and sell the news..
Buy Zone @ 0.00004556
Stop loss placed @ 0.00004005
Approx 13% loss..
Profit: I will be increasing my stop loss
descending channelpurchase 0.00003600
first sale 0.00005062
if it breaks the descending channel, it should reach the resistance of the head of wave 1 near FIB 0.618 in 0.00005998
Of course all this depends a lot on the BTC.
As the BTC continues to rise toward an overflow, the altcoins just plummet.
Unless there is good news for POWR
Powerledger trend reversal- BTC power upI was wrong, it did not breakout and dipped again to the lowest support zone.
- we might have a reversal from the 3100 level. (might dip again nevertheless)
- Volume does not confirm reversal yet, take notice today.
I am a beginner in TA, any feedbacks will be valuable.
POWER Gret Opportunity Blackout triangleExcellent project, go get top 10 soon.
It made its correction and now it is reversing and begins to rise
Powr Regaining Its Power?Simple analysis here.
Power Ledger reaching new recent lows in a similar fashion to other alt coins due to recent bitcoin price surge. However, it is interestingly showing some good support at the 4700-5000 sat range.
Powr has good support from the Australian government which makes it unique as in late where government regulations are putting heat on the cryptocurrency world.
Powr consists of a strong dev team with an even stronger community backing which is essential for cryptos to flourish.
Overall, I see a potential descending wedge pattern which can be very profitable for us all if we pay attention and play our cards right.
You can buy now or play it safe by buying a break of the resistance line if price action also shows support at that level once broke.
Keep in mind powr is a new coin and that does suggest risk with this trade. Also, another bitcoin surge to 13K+ could push price action lower and a break of the support line shown around 4600 sat would negate this analysis.
Trade Procedure:
Buy now at 4700-5100 sat (BEST)
OR
Buy at 5600-5700 sat if support is shown. (SAFEST)
Target 1: 7351 sat
Target 2: 8999 sat
Target 3: 10199 sat
Upper End Target: 11799 sat
Max Target: 15999 sat
I suggest selling in percentages of your holdings because you don't ever wanna be left out of potential higher targets. Ask any EMC2 holder who sold too early...
Trade Length: 12 days
Stop Loss: <4600 sat
Reversal Point if stop loss hits is 4200-3800 sat.
Goodluck! :)
