We hit the first defense line(support), hold your breath because this could be the beginning of a new rally. We are not yet there just be patient. The other scenario is that the first defense doesn't hold and will go deeper into the woods :), even better because the explosion will be more violent when it bounce back.
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The RSI is slightly oversold but the volume is not yet there. MACD is still pointing bearish, it could be a bull trap.
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I'm going down how can stop me?
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Down down down we go. Still waiting some clear signs of the bottom.
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M pattern is a bearish sign, not buying yet.
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Update: As long as we stay at this level is a good sign, it needs to accumulate more volume, it will come with time. We are in this tranche for only 19h which is not enough to take off in my opinion. There is still a possibility of going lower if peoples that keep it at this level loose fate in the price going up. Will see what is going to happen in the next days.
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Here we go again, POWR has awaken :). Happy hunting.
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Prediction: Buy levels: 0.00006300 and for second round 0.00007350 Sell level: 0.00010000 or above I don't see crossing 10000 but I might be wrong.
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The first wave is very violent and there for the most volatile, my rule is to not to get in first wave because of risk involved and to confirm that the cycle has started. I'm waiting things to chill out a little and figure out a strategy to get in but the key points is to get in after retraisment of wave 2 and 4.
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Be careful people the altcoins are affected by the BTC drop, do not panic sell as well. POWR will go down because of this could be to the same base support. I'm going to wait as mentioned until the panic is resolved and take action based on that.
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The buy point has pass, I hope you got it at 6000 - 6300 but you can get in later as well, the reward ratio will be lower but nevertheless. Be careful around 7500 the major profits will be taken.
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So far everything looks good, going up slowly with healthy consolidation.
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Update. Not everything goes by plan so we need to change the plan :). We are in the heavy consolidation mode, the fate of this trend is about to be decided. Based on Ichimoku analysis we have couple of bearish signs and one still bullish sign, consolidation is good when is done on bullish territory but this is not the case, we are on bearish border sitting very close to the bearish camp. Another BTC shake will terminate this trend or maybe not, because investors will try to protect their investment by putting their money in alts. Will see what happens. The bullish sign and positive volume 2 to 1 (more buyers then sellers) could be enough to win the battle (not the war, we are far from that) but at least the trend can continue. The next 24 hours will be crucial for the trend survival, looking forward the outcome. Worse case scenario is that we go back to the base support but this mean the trend is over.
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This coin did the move to earlier, not enough volume to go nicely up, now is trying to catch up, probably late for that. Somebody mentioned because of some tweets. I hate those pumpers, the sad part is people lessening them. What you can do. We are still consolidating here, I don't see any clear sings from any camp so cannot tell which way is going. Side ways is never good but time will tell.
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Something huge is about to happen soon. Those that were patiently waiting will be reworded nicely.
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Could be this what we are looking for?
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I think we are pretty much done here, double bearish engulfing signal.
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I'm closing the trading, we are making lower lows which means we go back to main support. Until next time.
First of all, I would like to thank you for your predictions, I've followed the last about POWR, really accurate!
I'm not a day trader, I've invested in this project for a long term, purchased some at 1480;2477sats and then, followed the hype, and made wrong buy decisions at 7050;9799;8334sats, next time I'm going to follow your tips...
And you, What do you think about this coin in long term?
Thank you.
pgarret
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@Gornidah, Welcome. I think this coin is going to be huge, next year will get to $3 - $4. Now is not the good time to accumulate because is going to go lower, how lower will see. I will post more when I think the time to buy is or when I'm going to buy more. Never buy the hype, because is very risky (it may work once by luck) but if you keep like that it will bit you back and you will loose everything you have gained.
Also stay away from FOMO (Fear of missing out) as I said before on my threads, out there are so many trades which are safer to invest so why would you risk on hypes, let them pass, in time you will make more money that way.
PomTeters
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Would you say this consolidation is on a bullish territory know then? Also perhaps this is co-insiding with the APAC awards on the 7th dec as power ledger is a finalist. Obviously if they win this would increase the value of the coin?
Gornidah
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@pgarret, as I don't understand exactly how this TA's are made ( I've just started learning from an UDEMY course), can you please explain me, how are you so accurate on your predictions? Really amazing!
PomTeters
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I managed to get in at 5385 for my reload, which I'm happy with as it will averages down my un-trained FOMO buying last week. However would it concern you that the growth is so fast? Would we not rather see a healthy slow growth?
Gornidah
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@PomTeters, Was just about to ask the same! Shouldn't be better for this coin/project to grown slowly so it became more stable?
Ethernalgirl
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Me too, im still learning. i bought aroung 9,800 sat and 9100 sat. im still HODL because i believe in this project.