POWR - binance - weekly1. POWR has been on retrace since January.
2. Weekly chart shows 3 points of Oversold RSI
and bullish divergence.
3. POWR looks poised to climb.
4. Each previous time is has run pretty hard
5. Need to see weekly close of this last candle
as we have at the end of a down trend a
hammer, inverted hammer, and now a candle that
looks like neither bears or bulls are making any headway.
One side or other is going to get control. If the divergence
in the RSI is any indication we should soon see an engulfing
candle soon.
POWRBTC trade ideas
powr/btc potential powr/btc potential holding over 20ema and did pass 50ema yesterday. if market behaves could see power ledger being some of the first to start moving upward but could still see a fall back. if just entering on this coin keep stop loss close
can also see DMI is staying on the + side and looking to be bending up. can also use this as an indicator to sell if it crosses red line after touching stop loss 1.
as marked.
loss
SL1 2765
SL2 2430
profit
TP1 3281
TP2 3794
TP3 4248
TP4 5031
good luck :)
powr/btc potential holding over 20ema and did pass 50ema yesterday. if market behaves could see power ledger being some of the first to start moving upward but could still see a fall back. if just entering on this coin keep stop loss close
can also see DMI is staying on the + side and looking to be bending up. can also use this as an indicator to sell if it crosses red line after touching stop loss 1.
as marked.
loss
SL1 2765
SL2 2430
profit
TP1 3281
TP2 3794
TP3 4248
TP4 5031
good luck :)
Power ledger has potentials 100-260% Profit targetsAccumulation will be good as the price trading in the region of 78.6% Fibonacci retracement.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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$1k to $100k Challenge - Day 13 Trade #21 - POWRHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off.
Last 9 trades: 7 wins 2 loss
After 12 days and 19 trades:
Wins: 12
Loss: 7
Balance: 0.1878 B
USD: $ 1551
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart.
Alright, here we go with Day 13 trade #21
I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi
Sell target is: 4210 for 5% profit
Stop loss: 3818
I will be laddering my sell targets to protect profit.
POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO.
RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Powr\btc target on this uptrend 4700POWR did found support on the 200bb support lines, should test the ema in the bollinger bands on this up momemtum.
RSI also looking ready for this run.
Target: 4700
Entry : 3900
Stoploss: 3700
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$POWR Hidden Bullish Divergence$POWR finished a downtrend and reached a local bottom before reversing and entering a positive trend. Trending at the top of the keltner channel which is a sign of the positive movement. Today's drop placed it on the top of ichi cloud and fib supports.
I expect this to continue its upward trend. No immediate catalysts coming up.
POWRBTC Fibonacci 618 FlipAfter a decent run power ledger is grinding its way down
Volume analysis indicates that 0.618 fibonacci level is respected as a decision level
If price decides to go above it, we'll buy the retest
Good Luck
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