Get started
PowerledgerPowerledgerPowerledger
#369#369#369

Powerledger

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

POWRUSD trade ideas

Power Ledger’s AGE token- Renewable Energy Investing RevolutionYesterday, Power Ledger has introduced Asset Germination Events via Twitter: twitter.com Asset Germination Events is a Power Ledger’s token (AGE), which aims to offer a way for anyone to invest in renewable energy generation. Currently, someone with less than USD 2,500,000 can’t get his own wind farm or a solar farm. This makes an average, or in other words retail investor, unable to participate in high-value assets investment. But what are the benefits for the POWR token holders? According to the Power Ledger’s announcement, POWR token will be a priority access mechanism for AGEs, while offering a discount during AGEs. Additionally, Power Ledger should be using the management fees for administering an asset portfolio, to fund POWR buyback and burn program. While the energy market is always of high demand, POWR token holders in the future might enjoy the benefit of participating in the alternative energy investment, previously unavailable to the average person. Power Ledger is planning to pursue this goal while being fully regulated in Australia. It is not a short or an easy task, but if they will manage to succeed in Australia, perhaps they can do the same worldwide. It's time to look at the market reaction after such an ambitions announcement… POWR bottomed out on the September 12, along with most alt coins. Price has reached $0.12 low, and on the September 22 reached $0.22 high, resulting in a 85% growth. Although it failed to break above the descending channel and also rejected the 23.6% Fibonacci retracement level at $0.2. Up until now, POWR/USD continues to trade below the resistance. Today its trading at the 200 Moving Average, that clearly representing the support. Since yesterdays’ announcement, no drastic actions were taken by investors. Such a calm reaction is not necessary a bad thing, since the MA support is being respected. If POWR manages to stay above and break the $0.2 resistance, further price increase can be expected. Next resistance level is seen at 50% Fibs, that is $0.28. If broken, price should rise further, towards the 78.6% Fibs at $0.37 area. In any case, while POWR remains below the resistance, trend is considered to be bearish. Break below the Moving Average might lead to the price drop towards the $0.16, $0.14 or even the new lower low at $0.09. Certainly an interesting time for the Power Ledger…
BINANCE:POWRUSD
by CryptalDash
Power Ledger POWR - the perfect falling wedge So Im still very much learning in the technical analysis space, yet I know a perfect set up when I see one. Further to that, if you actually dive deep into the fundamentals of Power Ledger, you begin to uncover a blockchain project that actually has balls. Unlike many of the ICOS of 2017, this one actually has a reputable team comprising of PHD doctorates, industry specialists and business guidance specialists that come Richard bransons entrepreneurial space. This project even has Australian Government support and funding. Power Ledger wants to use the power of blockchain, to allow people to autonomously trade electricity between each other. In some markets this makes no sense. In others (Such as Australia where every 3 houses has solar panels) this makes sense. renewable energy is only growing and blockchain is on the same path. I see this as a perfect example of an ICO that would pay dividends. Unfortunately, BTC and the algos draged the price of POWR down. Although despite this, Power Ledgers team has continued to grow and develop into markets, creating not only real-working demonstrations of its product, but actively rolling out live projects in Thailand, Australia, New Zealand, the United States and India. I cannot see a ICO to date which has taken the lengths that Power Ledger has to develop the blockchain vision. Further to this, a development with a year in the making - Power Ledger is due to compete in the 3 finalists for Extreme Tech challenge 2018 held on Richard Branson's Necker Island.. Power Ledger has a clear technological innovation advantage compared to its two competitors and a win of this competition would bring inventors, industry professionals and business development interest to further the goal of Power Ledger. Mark my words, when this happens - Power Ledger will be back into the youtube videos and news of the blockchain space. Get in early and educate yourself before you are one of the fomo packs. Now that the fundamentals are done. We simple have a rising wedge formation which we are currently over 75% complete. Bulkowski states in his Rising wedge theory, "price which has travelled more then 75% of the rising wedge is considered likely bullish breakout territory". The further this travels towards the apex, the more bullish it is. In terms of Eliot wave theory, I can see a WXYZ combo which has clearly taken place over the last 6-8 months. This is due to complete very soon with a touch on the rend line (Seen in the chart). This touch would be due anytime within the next 24 Hours to 3 days and signal a breakout if the volume is there. On the hourly chart I can count a further 5 waves, which has developed over the last week. In terms of RSI, clearly oversold on the hourly. On the daily, we have made a series of 3 lower highs on price, while making 3 lower lows on RSi - Clear divergence happening here and im gathering a sentiment of increasing buying pressure at these record lows.
BINANCE:POWRUSDLong
by DistractedTrader
Power Ledger POWR. My take on things. Essentially this project is as gold as they come in blockchain. A really bright and powerful team with great credentials, a good cause - moulding sustainability technology and blockchain together. I've been bullish on this project for 9 months straight, but before it takes off, we still have to retrace a little bit after that massive pump yesterday. If your hodling, its about to pay off for you. If you're trading this, just wait a little longer.
BINANCE:POWRUSDLong
by DistractedTrader