Price action trading.
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Huge news and partnership for Power Ledge that may push it much higher. IF this news is true, this may be a solid trade w/ a stop near the red marker. Targets near the markers in green. Weekly looks solid and developing w/ good volume.
Here's a quote from the Power Ledger website:
Solar Exchange has been developed in partnership with the 5-star rated1energy...
De prijs van POWR (Power ledger) op lange termijn?
Technische analyse via de Bitcoin paring
Als we volledig uitzoomen zien we dat de prijs van POWR al geruime tijd zakt. Met uitzondering sedert begin 2021. In de maand januari was duidelijk te zien dat er een eerste bescheiden meso trendshift heeft plaats gevonden waardoor we prematuur een trend shift kunnen...
POWR has just completed its double bottom. If price breaks its rising wedge to the upside then we can see a retest to previous resistance levels.
POWRBTC pair gonna breakout CUP with Handle pattern.
Today, partnered with India's largest integrated power company @tatapower_ddl and @IndiaSmartGridF on the first live solar energy trading project in Delhi. This is an important milestone in India’s rapid adoption of renewable energy. Its a massive NEWS!
So, Our 1st TP will #0.00000830, than #0.00000980
As you can see Macd and RSI need to get more attractive to keep the prices from falling.
the double top in the channel formation let us suggest that a last confirmation on support is needed to break out of the channel resistance.
Shorting POWR and grabbing it in the 380 sats zone seems a good strategy regarding the risk/reward potential.
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POWR is trading in the uptrend and respecting the support and resistance zone. This is good time to build a small position and hold in POWR.
Buy Zone: 490-500
Stop loss: 448