First, we had a very strong wave followed by a retraced, POWRBTC found support exactly at the 0.786 Fib. retracement level for the last 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 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.
Patience is key.
PATIENCE IS KEY!
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.