Hi friends, hope you are well and welcome to the new trade setup of Powerledger (POWR) with Bitcoin pair.
Previously we had a nice harmonic trade setup of POWR as below:
On a daily time frame, POWR is very close to complete the final leg of a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly...
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(POWRUSDT 1W Chart)
Whether the 0.2364-0.2885 zone is supported and able to rise is the key.
(1D chart)
Bollinger Bands are starting to contract.
Therefore, volatility is expected in the near...
Hi friends, hope you are well and welcome to the new trade setup of Powerledger (POWR).
Previously we had a nice short term trade of POWR:
Now on a weekly time frame, POWR has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
What is Powerledger (POWR)?
Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully...
The powr / btc chart is currently in good condition. If the weekly candle is closed and fixed below the green line, it is likely to fall to the areas I have specified, because in rsi I see an inverted head and shoulder pattern.
But if the weekly candle closes above the green line, we have a chance to climb to area 1
POWRBTC pair gonna breakout CUP with Handle pattern.
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So, Our 1st TP will #0.00000830, than #0.00000980
POWR as a strong FA case and is working effectively, real use case.
On the TA part, its simply bottomed out. Now the 2 years falling wedge just broke out.
It could take time to develop the upside as the view is in Daily time frame.
DEFI coins had a great run (not finished),
its now time to find those unpumped Small caps.
There you go. 7x potential in the next...
Humbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
POWRUSD - Let's hope bullish
💎Technical Analysis Summary💎
BINANCE: POWRBTC
-Power Ledger broke a key level of support around 760s sat
-The price is now pulling back to test previous support
-Will it shifts to a new resistance zone?
-There is a chance but until we see a sign of weakness
-Incase of Bearish direction, the next key level of support is at 600s sat
A big Thanks for donating...
