TradingView
Kenjin_Tanoshii
Nov 28, 2017 11:38 PM

$Powr - Riding the 1 Day Trendline Long

BITTREX:POWRBTC60
PowerLedger / BitcoinBittrex

Description

⋅
it's probably too early to tell, but from the looks of it. Power will begin it's consolidation on the 1 day support trendline.
Resistances are marked in the chart.

Candles have been testing the EMA 55 and the EMA 20 continues to ride above the candles. Expecting a reversal trend within the next couple of days.
IF the 1 day trendline fails, Expect to see Powr head down to 5000 sats.

I'm going long on Powr accumulating as much as I can.

Good luck and happy trading.

Comment

⋅
update:

added the horizontal supports below

Trend AnalysisPOWRPOWRBTCpowrusd
Comments
KisukeUrahara
⋅
Lets hope you are right.
Kenjin_Tanoshii
⋅
@KisukeUrahara, it broke 6000 sats. @SirMcChadders
MoonMaster
⋅
Power $1.5-2 minimum in one month...agree?
Kenjin_Tanoshii
⋅
@Simon.assaf8834, we shall see. Closer to Definitely in the dollar range by early next year. @KisukeUrahara
alex861
⋅
This isn't a proper trendline, there are many sites that show how you can draw a proper one
SirMcChadders
⋅
It's broken below the trend line...5000 sats here we come
Kenjin_Tanoshii
⋅
@SirMcChadders, wait to see what BTC decides to do.
Kenjin_Tanoshii
⋅
@SirMcChadders, =) BTC rallies - headed down to 5000 sats. Just as I predicted.
KisukeUrahara
⋅
Where do you see POWR in 1 month?
mukesh479
⋅
@KisukeUrahara,
$1.75 to $2
More