PowerLedger (POWRBTC) just made a surprise move without giving any signals other than a bullish RSI and trading above EMA10... Here is the chart:
As you can see, POWRBTC decided to have a violent bullish breakout... Think about this, last week we had so many pairs produce massive gains and move up. Now, these pairs are...
POWR is breaking through a long term trendline
and has recently cleared some levels with its move
two days ago that was reset back to the bottom
of its range by the recent BTC drop. Now it has the
chance to do it again but with a bigger outcome
as it has the chance to close above its ORIGIN to
great an even bigger breakout most likely to the
weekly hold of...
Exchange : Binance
Buy Zone: 0.0000055~0.0000054
Target Point: 0.00000565/ 0.00000595/ 0.0000062/ 0.000007
S/L: 0.00000515 or Under PuppleLine
It`s making Symmetrical Triangle after it`s broken Rotated Rectangle Channel
Also it`s volumm is down
The pumping will come from here and Symmetrical...
POWR - perhaps located at the very bottom and there will be a break in the trend - the formation of a saucer shape.
Coin - TA textbook. We see a global downtrend on a coin. Each figure was a continuation of the trend. Bear flag - rectangle (horizontal time channel) - downward wedge - rectangle (horizontal time channel). Now the coin is 1 month in lateral movement....
If you look at the candles and obv, then there is an accumulation. The presence of divergences and a large volume in bullish candles speak of a potential rebound.
POWR (Power Ledger)
Looking Bullish & Bottomed Out..
Making Falling Wedge Pattern Daily Timeframe ..
80-100% Profit Expected In Midterm.
Buy Around 940-960 Sats
Sell Targets 1316 - 1586 - 1880 - 2224 Sats
Stop Loss Below 900 Sats
Chart Timeframe : Daily
Hit Like On Idea For Support & Follow Me For More Interesting Ideas.
Pair : #POWR / #BTC
RSI : 30
TA Notes :
- MACD : Still trying to cross to be in a bullish side.
- RSI : Trying to wake towards the bull sign in a neutral level for now.
- EMA : Looking to go downwards but needs to get energy and become below the price level.
- Volume : Looking good on the past 2 days and if it continues its current...
Commodity : POWER LEDGER
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
#POWR Gaining momentum as potential ascending triangle develops...
UCTS Buy signal active on the 6h (not daily yet)
Volume rising over the last weeks
RSI trying to get out from oversold, While MACD about to bullcross
I would like to see a break over 1740sats w volume!
$POWR Reached ATL BTC Support at around 2k sats ...
Volume decreasing while RSI at oversold values on the daily...
Wait for reversal/bounce signals prior entering (increase in volume// Break above current descending trendline // )
UCTS still active on the daily..(22%+ up)
MACD and RSI rising
Volume still looking strong
Changing current analysis could also result in an ascending triangle, leaving target at around ~3900sats resistance.