And here we have another one, which I've been posting about lately a lot, and suddenly a lot of times wrong as well. Well, that's the game isn't it? You win some, you lose some. You need to get the highest success rate possibly to be successful and you need to keep improving, which I've been doing lately.
We've two possible scenario's on POWR and this is quite...
I am personally bullish on this crypto currency - however the first support is broken and potential bounce back of second support, I indicated on the chart. Long term still bullish.
Typical movement from this cryto. its reached its ATH and now retracting down to its support at around 3000-4000. possible support at 4800, if power carries on diving down, wait for support to jump back in.
Look to get in around 4000 with profits taken at around 9000.
stop loss at 3600.
Happy trading and please be sure to give me a like if you agree or a add me...
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looking at possible formations and speculation on two popular pairs
more examples pointing towards the 27th Nov being a big movement date for many pairs, up i hope!
This is not financial advice, and so forth. Given my position and situation, I'm considering re-entering POWR .
We finally look like we're approaching a bullish MACD cross on the 4 Hour, which is when we saw our last major upswing occurred, however given POWR 's newness in the market, I'm hesitant to call new all-time-highs just yet.
We're bouncing off of a...
it's probably too early to tell, but from the looks of it. Power will begin it's consolidation on the 1 day support trendline.
Resistances are marked in the chart.
Candles have been testing the EMA 55 and the EMA 20 continues to ride above the candles. Expecting a reversal trend within the next couple of days.
IF the 1 day trendline fails, Expect to see Powr...
After a long way down, we are nearing a support line.
Possible reversal of trend, forming a bull pennant with the support line.
Remember to set a stop-loss.
POWR just bounced off the rising uptrend.
First targets 8k - 9k depending on breaking out of the triangle.
Stop loss just under the rising uptrend. Stop loss can be adjusted each day.
If you haven't read the POWR white paper, do so.
After reaching all time highs just shy of a dollar/0.00011757 satoshis, POWR continues to consolidate. At present, we've retraced ~34% from the peak.
We're looking good on the 4 Hour MACD, with the RSI trending toward oversold conditions, but don't be surprised if the bears test the 0.236 Fib level (0.00007116)...
