Chibuike_Odoh

POWRETH (POWER LEDGER) - WEEKLY ANALYSIS

Long
BINANCE:POWRETH   Power Ledger / Ethereum
ANALYSIS 🔎
- POWRETH is bounded in the major falling wedge pattern.
- The downtrend swing was bounded in the minor falling wedge pattern.
- Price bounced off the major falling support and brokeout above minor falling wedge resistance.
- Possible retest of the major falling wedge resistance.

BUY ENTRY ⬆️
- Market price.

TARGETS 🎯
- Horizontal resistance level (R1).
- Major falling wedge's resistance.

SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level (S1).