POWRBTC trade ideas
has POWR taking a TURN for the Better?Need another bottom end green candle to hit the bottom trend line and set up for a rising trend.
the community and still very hopeful and bullish on POWR i do expect this to pick up and soon...
but will it be today???
waiting for BTC to really settle down.
over 30 billion entered the crypto market over this past weekend, once BTC starts to consolidate we should see that 30Billion move its way into the Altcoins!
Powr looking goodJust an update, for those following powr. I picked up this coin right as it hit bittrex. I feel they have a great potential in the long run. With an already adopted working product, or the talks about future deals with the a Thia power company and India tech giant for 450 micro grids.. This token Is breaking records for 2017. Keep an eye on this one I have a feeling it will go well above $2 buy Q2- 2018
POWR - Searching For the BottomIf you haven't read the POWR white paper, do so.
After reaching all time highs just shy of a dollar/0.00011757 satoshis, POWR continues to consolidate. At present, we've retraced ~34% from the peak.
We're looking good on the 4 Hour MACD, with the RSI trending toward oversold conditions, but don't be surprised if the bears test the 0.236 Fib level (0.00007116) before we get a bullish cross.
We have a possible bottom at 0.00007617, which falls between previous support (0.00007837) and the 0.382 Fib level (0.00008004). That's no support to laugh at, but we need to see a close above 0.00008549 on the 4 Hour to shake the downtrend, and the bulls need to set a lower high before I'm going to buy again.
This assumes some sideways consolidation. If we continue to lower lows, I'll update it then.