AlanSantana

Power Ledger Reaches End Of Retrace, Uptrend To Resume

BINANCE:POWRBTC   Power Ledger / Bitcoin
Power Ledger ( POWRBTC ) retrace is coming to an end, according to some early signals that I am getting from this chart.

First, we had a very strong bullish wave followed by a retraced, POWRBTC found support exactly at the 0.786 Fib. retracement level for the last bullish wave.
  • We can also see EMA200 being conquered only to later be tested as support.
  • Since the support held, now we can expect POWRBTC to move up and test the next resistance.
  • EMA100 was also tested and held as strong support.
  • The trading volume is really low on the drop, signaling that the bears are not powerful here.
  • With a long-wick now and prices moving above EMA10 and EMA50, if the daily candle closes strong, we can expect Power Ledger to continue higher... I've marked one target for your convenience.

This is not financial advice.

Namaste.
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Comments

good call!
+1 Reply
AlanSantana Funfunction1
@Funfunction1, Thanks.
Reply
is this analysis still valid? how today's thailand can affect the news
Reply
what about cmt and oax - dumping hard after given signal in paid group
1 coin out or 10 pump - its not a good analysis
Reply
AlanSantana PardeepKumar
@PardeepKumar, Learn the basics first.

Patience is key.

Namaste.
Reply
fuck your analysis , your all coin dumping hard , 100 of alt signal given in 1 week and only 1 or 2 success
Reply
AlanSantana PardeepKumar
@PardeepKumar, You need patience, give 6-8 months for each chart to fully develop.

PATIENCE IS KEY!
+2 Reply
AlanSantana PardeepKumar
@PardeepKumar, This is not financial advice.

Remember to always have a plan if you decide to trade.

This chart was shared 20 hours ago... It needs weeks if not months.

Please start by learning the basics.

Namaste.
Reply
xtracrypto AlanSantana
@AlanSantana, you are absolutely right but some ppl have no patience at all..
+1 Reply
meowoao PardeepKumar
+1 Reply
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