POWR is gearing up>Its has found its support level.
>All indicators are signalling oversold condition.
>Will blast through all the fibs in coming months
>If fell down,next support will be around 4500 area.
POWRBTC trade ideas
POWR on its way for a rebounceWe have broken the black bullish Pennant to create another smaller bullish yellow Pennant.
Apperently we failed with the yellow triangle due to the BTC peak.
On the bigger scale we have still our pink descending Triangle.
We are oversold on the 30m, 1h and 2h chart.
Hence we shouldn't go lower than the next supportlevel nearby 0.00005sat.
Hopefully we see a nice rebounce there. :-)
POWRBTC Descending TrianglePOWR breakout is coming, if not soon, later.
POWR is one of only solar projects with government backing.
I'm bullish on this and think we can see $2+ long term.
Technicals looking good
POWRBTC (4h time frame)After POWR break some really downtrend, found a triangle, now needs to break to find the fibonacci levels!
RSI really low, also DMI turning bullish and MACD crossing
POWRBTC PowerLedger. Descending WedgeI see nice entrance at 60-62. Stop-loss at 59. Take profit 20%-30%. Stoch RSI 90% confirms price reversal.
Good Luck !
Will History Repeat Itself? (POWR)POSSIBLE development for POWR. If volume starts to increase as I suspect it will soon, we could see up to 106% Profit projection before correction. Good luck!
POWERLEDGER - LONG- Descending wedge about to breakout
- target at 1.618fib level
- stop loss at around 5450btc
Good luck :)
POWR/BTC: Getting Ready For New High? Above (B)?Are we due for a new high since the beginning of December for POWRBTC ? There are clear signals that suggest just that.
We are reaching the end of a descending triangle pattern and the downward trend (DT#2) looks much tolerant that the previous one (DT#1).
Let the market choose where it wants to head!
Power 1 hour chart Ascending triangle Ascending triangle forming on this hourly chart, however sideways movement has been breaking through several other formed triangles maybe part of larger upward movement. first go at charting . Feedback welcome. DYOR
Power 1 hour chart possible Ascending TriangleThis triangle has been forming for a long time, first go at charting. Looking at other contributors this sideways action has pushed many triangles further out, Could be apart of a bigger movement. Lets see how it goes. DYOR
POWRBTC - watch out for the BREAK OUT!Although its very tough to predict from chart when the data is barely few days older and you dont have much of a history.
However, POWR is presenting an interesting structure with more potential on the upside and limited downside.
POWR has been resting at the same level against BTC for almost 5 days now, thats generally a sign of next big move on either side. Our job is to best guess, which side that would be!
The triangle with a pretty firm support is a good level to buy for aggressive traders (current level is almost the support level). However, conservative traders can wait for the clear breakout candle (with above average volume) above triangle resistance line.
Fib Extensions are the targets in this trade, I expect a lot of mini trades within this structure in days to come.
Treat green line as an ultimate stoploss, below that on closing basis, I see the pair falling towards 2800 level.
Happy trading :)
POWR TA( @dudesignals LiveStream)Support- Resistance , etc...
Use this TA to study and to make profit !
POWR reached bouncing area?POWR is an interesting project that has seen a lot of attention in the last weeks, hence the major pump. It is now overbought on the lower levels, but it has retraced between the 0.5 and .618 fibonacci levels. I think it probably goes down at least till the .618 level (bottom of green box), but this might be a possible bouncing area because more fibo levels are located here. I'm buying some in this box, and place my stop loss not far below it.
POWR - Approaching Critical TrendlinePOWR appears to be approaching a key resistance of its general downward trend. Two scenarios I'm looking at are a possible breakout to the 0.5 Fib level (0.00007321), which could represent an end to the downtrend, or a rejection that retraces at least to the current key support (~0.00006), in keeping with the current trend.
If POWR breaks bearish, there's a possibility that it retraces as far as the 0.236 Fib level (~0.00005).
Sideways consolidation is possible if we haven't yet hit the upper resistance of the downward channel, but I find that unlikely given our 4 Hour MACD. I don't think such a tight range is sustainable, and I believe that our next major move will be bearish, towards the 0.236 Fib.
DYOR, TNFA, etc. but I'm setting my buy orders between 0.00005000 and 0.00005640, with my targets around the 0.5 Fib level.
The Crypto Lark (www.youtube.com) is hosting an interview with Power Ledger Managing Director David Martin this week, on the FA side of things.
Cheers!
POWR Triangle: Buy on BreakoutBITTREX:POWRBTC appears to be forming a possible triangle after a strong upward movement following a downtrend. Typically this means a break upwards is on the way but this is crypto and nothing is carved in stone. However, considering the positive news and media that continues to roll in for POWR, one can assume a trend reversal is on the way. Keep watch as the price consolidates. A breakout of this triangle could lead to a retest of previous highs.
Power Ledger/BTC Analysis Practicing my analyzing of graph, appreciate any feedback to improve my analysis.
Always DYOR and form your own opinions.
POWR is FutureI think PowerLedger is significantly undervalued so I bought a whole lot around .000053 and .00006 and, with all the attention crypto is getting, most of the the profits I'm taking from other investments I've made are going straight into POWR.
Small cap stuff can be confusing to practice technical analysis on so I'm just watching the moving averages on this one.
Blue means above MA, red means below.
Fundamentally, POWR is an incredible project and one of the very few crypto projects with tangible and ongoing real-world applications.
Their team is also outstanding, well connected, and highly motivated to continue to make progress on what is already an impressive road map.
Using blockchain technology to enable a peer-to-peer electricity marketplace isn't just brilliant, it's so practical that adoption will be inevitable.
The signs were all there months ago:
www.cryptocoinsnews.com
THIS IS NOT INVESTMENT ADVICE
but you should get in while its cheap
POWR bullish signs100&200 day MA converging and a pennant: bullish signs
On the larger scale there's a symmetrical triangle: neutral in character
dont follw this is chat just my Eguction i Think POwe is Drop
powr croos 6900 so
1st target 7900
2nd Target MOON;)
