POWRBTC trade ideas
Potential Cup and HandleA cup and handle may potentially be developing. The timeframe drawn here might be a bit short, but it's feasible considering the anticipation for the coming weekend. Not sure if that Thailand announcement has materialised yet. Also there's talk of an announcement related to India (to take place Monday?).
Power ledger have only been on the market for 20 days, right now they're in the motions of taking off. There's no reason to say the company won't exploit this weekend with more announcements on top of India and Thailand.
When you've got a good thing going, when the momentum is there.... well.....
you tell me.
POWRBTC peak coming 11am AEST?I'm no expert but drew out the fib retracement at 1pm AEST yesterday and the chart has fit quite nicely since then.
Given the expected announcement re:Thai govt partnership at 11am AEST I would expect price to peak at or around this time, followed by a dip... not sure how deep.
Take it or leave it, this is my first real idea!
POWER LEDGER POWRBTCThis is my top pic today, Power ledger are set to release a press release that they have signed a contract with the Thai goverment.
This is also a great option to go long and stay long on over the next 6 months. POWR are set to do some pretty amazing things, I believe they raised 34mil on the pre token and main sale.
It is also the first crypto currency the Australia government have invested in.
Still bull with signs of close correctionMy previous analysis we correct on target but not in time. Backed up by fundamentals this, coin is running up quicker than expected.
Some clear signs of correction are there, but I believe it will go for even higher ath before a big correction.
Personally, Im out now for a while especially since BTC is sliding sideways with mixed signals...
POWR made my day, is it gonna make our night ?Great fundamentals. That project is so smart, it could solve unemployment and sustainable development issues at the same time, in fine with big ifs obviously but still the idea is positive and mankind challenging. The dev team looks really serious with a structured white paper (that''s my opinion right ?), important announcements are coming this week as well. On the very long run, their idea might be taken by another coin though.
From an analytical point of view, all indicators are green. Obviously again, it does not guarantee much but that's worth a try at that price with such a nice idea.