POWRBTC trade ideas
Power Ledger Looking HorizontalWith the MA 50, MA 100, and MA 200 all looking very flat today, we will see if it will want to go back up into its respective channel. Yesterday POWR went into its bearish cloud and it may take a few days to see it emerge out of this bearish trend.
With BTC falling this morning, we could see POWR go up through the week and with the numerous events POWR has going on this month, I believe it will eventually hit $2.75.
If you want to read more on POWR in January: steemit.com
POWER UPPOWR is one of those companies that actually does things , not just one with a few devs and a whitepaper.
News will come out at the vertical line.
Within this large Schiff Pitchfork I have drawn some ascending lines which form a channel.
While an entry at 9000 would be fantastic, we may only get an entry on the middle ascending line.
Entries to be updated in 24-36 hours
$POWR.X #cryptocurrency #POWRBTC flagging here for +15-20%POWR flagging here with an excellent risk/reward profile of ~1:6. Daily chart has reset as well, so with high volume we could test ATHs again. Worthwhile to trade/profit from the flag setup and retain 20% for potential confirmation higher.
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POWR - Load Up.POWR approaching it's primary trend line - completing stage 2 of elliot wave. MACD still downward on 4h, but converging on 1h - look for the bounce on the primary trend line.
T1 - 19k Sats
Opportunity to dump and Reload at Wave 4 at 14k Sats
T2 - 21.5k Sats
If breaks down of primary trend line, potential to retrace to primary support range of 3k Sats. Keep Stop Losses tight or buy it on the break out
Good Luck.
Updated count for POWR, BTC Bullrun, etc.So we didn't reach our higher goal of 0.00016000.. Does that mean everything is wrong? We're gonna crash???? CRYPTO WILL MAKE ME BANKRUPT???
It's as simple as taking a step back, adjusting your count and realising the alternate path POWR has taken. This is still a valid count!!
A strong theory I have right now is that POWR is moving inversely with BTC, which means once we get corrections for Bitcoin, expect some highs for POWR and vice versa.
The question is how long will this last? I believe until we reach the terminal end of our wave 5 on the grand scale.
I will keep this post updated until I see a potential end to this correction for POWR!
This is one of my favourite projects but It's always a wise idea to follow the charts and not the news as the wisest TA's have preached to me!
Peace! <3
POWR:BTC Short term trade. Resistance hit. Only way is up...We have hit a firm resistance level that has been holding steady. A gradual and marginal uptrend has been started and with an increase in volume this will start to pick up.
I recommend the following trade targets. There will undoubtedly be some small retraces at each but it is a chance to re-buy at the dip for the next run. This coin has the ability to have quick gains once it get traction
Buy in - 0.00010800
Take profit 12116 (Approx 12%)
Take profit 13192 (Approx 22%)
Take profit 15132 (Approx 40%)
I cannot tell the future, just read the charts, and if this has a certain amount of guess work
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