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...
- Broke out of symmetrical triangle pattern -> signals continuation of upward movement
- Perfectly retested said trendline and was rejected
- Indicators looking healthy and many charts look positive
Short term targets -> 1800, 2000
Long term is hard to say, this coin has potential and the fundamentals to back it up. Looks very good even though BTC is doing...
POWR has been in a uptrend recently. A good coin with proper fundementals, one of the few coins which actually have real life applications.
BTC dominance is at a critical level, it it dumps further I think POWR will be one of the first coins to do a moon shot.
The short term target (for the next pump) is at 2000 sats, at which I would recommend selling. You will...
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
$POWR has strong fundamentals and is part of a major narrative (green Bitcoin )
Previously $POWR has pumped and dumped numerous times. This time we are seeing a solid bullish market structure forming. Would want to see a retest of 0.000012BTC.
Should that fail, 0,00000750BTC has historically been a nice entry position for long term spot.
(( please read the description ))
Is it pump time Power Coin
With the growth of BTC, there is a possibility of price increases for other coins as well. Many coins these days cross their previous ceilings with the highest price and trading volume.
The power coin has been silent for a long time (it is asleep), the time of waking up is near
I tried to identify...
Price action trading. There is always a risk of capital loss for any investment. The investor shall make the final decision after studying and researching each provided analysis extensively and shall take responsibility for any consequences
We have a potential higher low now printed on the POWRBTC chart.
We see that the RSI went all the way down to oversold and marked a nice hidden bullish divergence...
This happens when you see lower lows on the indicator, this case the RSI, yet we have a higher low on the trading pair (POWRBTC).
The MACD is starting to curve showing a young bullish...
POWR is building the operating system for the new energy marketplace POWR token helps people transact energy and trade environmental commodities within the POWR ecosystem so we can see its future of green energy.
Technically POWR is on a horizontal support level also having a trendline that supports a big jump is much likely to happen.
Build your position in it...
POWR doesn't have a trend, but it has something better - tradition to pump high from time to time 😎 Powerful pumps is what we need in this boring market =)
Support at 700 should be a nice spot for entry (if it get there of cause). And 825 is the nearest target. Might wick higher.
Price action trading.
There is always a risk of capital loss for any investment. The investor shall make the final decision after studying and researching each provided analysis extensively and shall take responsibility for any consequences.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.