Power is setting up nicely for a run after recently reversing to an uptrend after wave 5 of the previous run. It looks like we are currently forming a cup and handle. Target points will be the fib line targets.
Target 1: .00005973
Target 2: .00007010
Target 3: .00007995
Target 4: .00009447
Target 5: .00011268
This is not financial advice and I am a noob so proceed with caution :-)
Target 1: .00005973
Target 2: .00007010
Target 3: .00007995
Target 4: .00009447
Target 5: .00011268
This is not financial advice and I am a noob so proceed with caution :-)
Comment:
I apologize, my divergence lines on the MACD and RSI ended up a little wonky as I changed the time frame and didn't realize the lines until after the fact. That being said, they are still Bullish!
Comment:
Recently broke out of a triangle... Hopefully next step is getting past resistance around the .00004 level
Comment:
Resistance at around the .000047-.00005 level not .00004
Comment:
Bitcoin decided to make a little run last night stalling our effort to break above .000049. We are now looking to break resistance at around .00039. I am hoping we break out of the triangle within the next couple of hours.