POWRBTC trade ideas
POWER Bullish UptrendStrong bullish momentum building on POWER. There has been good movement on this coin for the past few weeks, however there seems to be strong resistance between 3200-3300 level range. The resistance has existed since about September last year. For the breakout to occur this resistance needs to be broken. A bullish triangle wedge is building for the short term and is like highly likely to go up. Stoich RSI and RSI levels are neutral. Good time for a long trade. Targets to take profits are 2700, 2900, 2950 levels. Stop loss should be around 2350.
POWRBTC a completion of gartleyBy the grace of Allah the most high the previous idea:
generated more than 35 percent profit.
Now the same pattern is showing its continuity and the C to D leg formation is going to start.
The 200MA is already in PRZ to provide firm support for bullish divergence insha Allah.
The targets are defined accordingly plz find on chart.
Regards,
Atif Akbar (moon333)
Power Ledger(POWR) Falling Wedge breakout! Many bullish signals!BINANCE:POWRBTC
BITTREX:POWRBTC
On my telegram channel (t.me) a POWR signal was sent yesterday at a range below the current price, so if you want to receive advance information please also follow me also on @LiuTrader telegram.
Lets go!
1H Chart
POWR is breaking a falling wedge started in the middle of February and we can see many signs of strength in this breakup that bring us good expectations!
In addition to breaking the figure the price also broke above the 200MA and now comes using that as support, the 20MA has also crossed over the 200MA and the 50MA should do the same in the next few hours.
Ichimoku is totally bullish, price is above a green cloud that will also serve as support, chikou-span above the current price and Tenkan crossed over to Kijun.
Volume is growing perfectly, MACD on a beautiful uptrend and RSI holding well above 50.
Some information about other timeframes:
4H Chart
RSI crossed above 50.
MACD crossed above 0.
Increasing Volume.
20MA next to cross over to 200MA.
Preco broke up on 200MA.
1D Chart
Increasing volume
RSI crossing over 50.
MACD holding perfectly above 0.
The signal with detailed information will be sent in the comment below!
If you can please leave your like collaborating with my work!
God bless.
POWRBTC has entered in buying zoneThe price action has broken the 200MA support and now it has 50 and 100MA supports which seems to be firm insha Allah.
The price line also has retraced between 0.618 to 0.786 fibonacci and entered in buying zone of harmonic pattern this will be a bullish reversal zone insha Allah.
I have defined the targets accordingly plz find on chart.
Regards,
Atif Akbar (moon333)
PowrBtc Potential Buy opportuity (70-250)%Hi guys if we could remember the huge falling wedge on powr which broke out some weeks ago, right now we have major re-test ongoin and I believe this will just be a re-test with bounce, this pave serious Buy opportunity for us to ride the coin upside.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.