Just two days ago, I shared a trade for PowerLedger (POWRBTC), it is good to see that it is moving already and generating great profits. The charts are looking really beautiful, and much resistance has been taken out.
Let's take a look at POWRBTC on the daily time frame:
I am looking at it from afar... It's been 377 days since POWRBTC hit its all time high. Pure bear market all this time.
After much retrace, POWRBTC finally hit a low point on the 21st November, before that, we see some really high volume bars, signaling that a low or bottom will be coming soon.
Now, after this low was hit, POWRBTC is breaking out.
We can see a break above EMA10, EMA50 and EMA100. When these moving average lines are above the candles, they can become very strong resistance. These are all being taking out now, a strong bullish signal.
The RSI is bullish.
There is a bullish crossover on the MACD.
Weekly time frame confirms additional bullish action possible and expected.
Keep an eye out for PowerLeger, it will do great numbers... Mark my word... Hit like if you enjoyed this post.
Namaste.
VICTORY 2019
Victory for me... I am sure I can win. Victory for all... Humanity is gold.
Victory can happen... If you persist. Victory for LIFE in 2019.
This is another pump-dump coin like TRX, LSK, XVG etc, so we need to ride market cycles with these coins to make some profit.
AndersBitcoinSorensen
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Dogecoin is a coin we know can starta bullrun at any time after it hits a bottom. We have seen it so many times. But that is dog/animal lowers who buy in because of some great news. Easy logic. But powerledger?
AlanSantana
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@AndersBitcoinSorensen, PowerLedger tends to move before the herd, I've seen it happen several times already.
AndersBitcoinSorensen
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Jep, its time for powerledger to go enter a bullrun again.
Question is just.
Why would a crypto do a bullrun right now in this epic bear market?
Is it because powerledger is not much affected by the market in general? Like dogecoin?
Just trying to find the logic. Why would people buy now when nobody is buying crypto right now other than the rich and smart who buy low and sell high. But it is not them who will make a bullrun start. They do it in the hidden like us. So can you give me the reason? Who would me buying powerledger right now ( lets say we get this 400% successful trade )