Short term forecast
Looking for a clean break above 0.663 / within April-May
TA: POWR has been consolidating for a couple weeks between 0.053 - 0.063 and the longer
it tightens within this range, the higher the probability of a volatile move when it finally breaks out.
An ascending triangle has been forming over the last 5 weeks and as per history, larger time frame triangles lean towards
having a fairly decent hit rate, particularly in the crypto space. In comparison, the BTC pair for Power Ledger is also
tightening significantly more and is a prime time to enter for some longer term HODL positions or swing trades.
An entry at these levels would be more ideal for Swing / HODL plays, as day trading power ledger would
likely lead you to exit prematurely and increase the opportunity cost against you.
FA: Power ledger has been showing support strength relative to other altcoin projects and has been
showing less volatile movements during times of fear and panic. This is often characteristic in the higher
quality altcoin projects. Most recently, Power ledger has partnered up the French Energy retailer ekWateur,
which will be the largest 'choose your own energy source' project in the world.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.
Looking for a clean break above 0.663 / within April-May
TA: POWR has been consolidating for a couple weeks between 0.053 - 0.063 and the longer
it tightens within this range, the higher the probability of a volatile move when it finally breaks out.
An ascending triangle has been forming over the last 5 weeks and as per history, larger time frame triangles lean towards
having a fairly decent hit rate, particularly in the crypto space. In comparison, the BTC pair for Power Ledger is also
tightening significantly more and is a prime time to enter for some longer term HODL positions or swing trades.
An entry at these levels would be more ideal for Swing / HODL plays, as day trading power ledger would
likely lead you to exit prematurely and increase the opportunity cost against you.
FA: Power ledger has been showing support strength relative to other altcoin projects and has been
showing less volatile movements during times of fear and panic. This is often characteristic in the higher
quality altcoin projects. Most recently, Power ledger has partnered up the French Energy retailer ekWateur,
which will be the largest 'choose your own energy source' project in the world.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.