Power Ledger (POWRBTC) retrace is coming to an end, according to some early signals that I am getting from this chart.
First, we had a very strong bullish wave followed by a retraced, POWRBTC found support exactly at the 0.786 Fib. retracement level for the last bullish wave.
We can also see EMA200 being conquered only to later be tested as support.
So if you followed our last idea $TLRY we saw a big move coming and it sure did :)
So, in this analysis we are looking at a cryptocurrency called Power Ledger or POWR. We think this will have a big move in the coming days here to around 1k sat area! GL traders :) feel free to checkout our youtube, facebook, and discord channels!
Power Ledger looking good!
RSI triangle already broken and volume drying up. Wedge price structure also broken. Price is trying to conquer the MA's & EMA's. Also on lower time frames looks like an strange inverted head n shoulders. Power Ledger looks promising short term! I don't hope Bitcoin is crushing the party! For fun some targets.
Keep an eye on Power ledger! :)
Power Ledger looking gearing up some next power breakout!
Consolidation in in triangle on RSI as well on price! Also price is moving above big MA/s and hang around between low time frame MA's Volume is drying up fast and the price already in the Order Block. For fun some targets, but only valide if break up. This is for fun and education by the way. No rights...
Power Ledger build big momentum under OB!
Price action is constructive, upward channel / Ascending triangle. These full candles under OB indicates massive price pressure! .
Also volume has coming in and now running out! Something is coming! For fun some targets! Oh almost forgotten to say, trading above all MA's. Bullish!
Keep an eye this one next hours / day!
Just to be sure that our favorite indicator is still on point, I thought I would zoom in quick, to see if the PXI managed to catch those smashing profits while we slept. Low and behold, the Plutus eXploration index signaled a buy position a full 8h before the the breakout on this 60min time frame.
DM us on tradingview to request your trial today
🔸Signal Info: Power Ledger
Rank: #102 (Starting Rank: 119)
🎯Status: This trade when on for quite a while, but the levels held, and the profits are now in the bank. Early on in the setup, first target was missed by the narrowest of margins. That would have helped with the long hold on the currency through consolidation....
Price ation has played out a Bullish Pennant on Lower Time Frame and Higher Time Frame.
Most Likely , A Breakout would hold the analysis true. MACD is about to print Bullish Crossover which is hinting a Uptrend is yet to come.
POWER LEDGER, RSI curving up for the second time, bullish signal, we broke red trend line, we already bounced of the 0.786, double bottom, we need to break red Stoch trend line than we could see some good price actoin!
Keep also this one on the radar mates!