#POWR/USD: An upcoming short term bullish trend!

BINANCE:POWRUSD   Power Ledger / US Dollar (calculated by TradingView)
#POWR/USD price setting higher support level signaling an upcoming bullish momentum in the short term for the energy blockchain token. The price set a new support level at $0.11334278 USD and crossed the upper support level at $0.11450243 USD. The Stochastic oscillator is currently in the oversold region (19.02) signalling a short bullish trend on the POWR/USD pair.
The chart also shows a double top formation which will be confirmed once the price crosses below the lower support level (marked with a purple arrow) at $0.11182075 USD. A cross below this price point offers an extremely bearish signal towards a new support level at $0.10645700 for investors in $POWR.

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