Possible pennant formation. Not 100% convincing. Already gone up a lot recently so if you want to buy now for long be careful. But I am hopeful for it to go up much higher and managed to buy back bit lower after profit taking during last run so I will be holding for long.
I'm looking to get into POWR given its recent rally. I'm trying to find a reasonable spot how far it might correct after the most recent run. Thought? The current short term plan is to wait for tomorrows NEO related announcements and take some partial profit. The profit would go straight into investing in POWR.
Since POWR is tied directly to the distribution of decentralized energy and TESLA is the primary producer of decentralized energy I believe that POWR will rise and fall with Tesla news and innovations. Tesla produces the home batteries and solar powered required to really make sharing of electricity possible. These two need each other.
Power Ledger Ascending Triangle pattern.
downtrend over, beware never hold full against BTC