Double bottom is spotted in POWR ETH pair.
If trend continuation follows further,
there is an opportunity now between 0.00074 to 0.00075 eth to go long
Short Target could 1618 inversion 0.0088012 eth
Targets can be divided into stages
Target 1 : 0.0085150 eth - 127/1414 inversion of last leg
Target 2 : 0.0088012 eth - 1618 inversion of last leg
1618 inversion is also providing 127 and 78.6 ratio confluence from previous legs
127/1414 inversion area is also providing 618 ratio confluence from previous legs
RSI indicator with length 5 and upper 79 and lower 21, shows oversold.
If trend continuation follows further,
there is an opportunity now between 0.00074 to 0.00075 eth to go long
Short Target could 1618 inversion 0.0088012 eth
Targets can be divided into stages
Target 1 : 0.0085150 eth - 127/1414 inversion of last leg
Target 2 : 0.0088012 eth - 1618 inversion of last leg
1618 inversion is also providing 127 and 78.6 ratio confluence from previous legs
127/1414 inversion area is also providing 618 ratio confluence from previous legs
RSI indicator with length 5 and upper 79 and lower 21, shows oversold.
Trade closed: target reached:
Target 1 reached
Trade closed: target reached:
Target 2 reached