POWR In My Sights...PowerLedger is an ultra long. Difficult to count and get a handle but the market is showing us a course. There definitely has been a shift in sentiment in the crypto markets lately. I don't know why. But if someone could show me some TA explaining the psychological point of each swing I'd appreciate it.
Anyway revert to chart. 4hr seems to have been the clearest in my eyes for TA. But I do look at all timetables.
No new advancements but time for a new chart due to the shift in sentiment.
--longmoney
POWRBTC trade ideas
Power Ledger (POWR) - breakout?Going thrue Binance coins i just noticed something interesting. Play it smart, watch out for BTC ride! Remember that Fib Retracement points might work as resistance - these are the possible targets.
The breakout was notice at 0.786 Fibo so technically it looks perfect.
Power Ledger #POWR RSI oversoldCoin hasn't been around long enough to confirm real support/resistances, or at least numbers I am confident spitting out.
It may catch support at 5k, 4.5k or lower, but the RSI is oversold, so it should rebound in the next week.
We will have to wait and see exactly where it finds support, and gains some volume ++price action.
POWR POWR...Who Can MasterHere is an updated chart on POWR as it has been a while. For now I have marked off wave 1 high from previous completion. Checking for target buy zones. I am long but this chart is messy. IF you're super long then you have no worries lol.
Education purposes only.
Updates soon...
--longmoney
POWR Update...Long--but watch for the pump fakeSince this correction, my POWR portfolio has taken a punch. They say don't trade corrections, but if you're in you're in. Out the market or in the market. With that said, my POWR position has been slightly more aggressive due to the riskiness I see in its chart. Initially I had a leading diagonal, followed by an ending diagonal (indecision, very wavy). You can also clearly see that POWR Ledger is still inclining . And that's going way back, to November 2017--before the correction. Assuming POWR trades technically, risk/reward doesn't even need putting on the chart.
Hence my Long position and slight aggression ;-)
--longmoney
Power Ledger (POWR) - Profiting Off The Unconventional [Feb2018]INTERPRETATIONS
BINANCE:POWRBTC is an ambitious project that democratizes power and electricity. Although promising in its future success, the project will not likely begin to yield significant progress and contribution until there is stability and universal acceptance of cryptocurrency as a whole. Despite POWR's secondary/tertiary stance & inability to provide in the short-term, its foundation and future promise will help keep the project relevant and competitive. This delivers opportunity for investors to enter a position with lowered risk.
BUY SIGNALS
-Pitchfork support test
-RSI heading upward
-Green cloud buying pressure
CAUTIONS & CONFIRMATIONS
-Double bottom possibility enforces upward momentum
-T&K cross to be tested
-Price-Cloud Bear entry (awaiting price to reverse w/successful challenge or outbreak below)
POSITIONS
Entry @ 8020
POWR is close to trend lineOn the price 0.000081 BTC is strong support and POWR is going to trend line. I think today or tomorrow POWR will broke this trend line and it fly to the moon :)
At the end of the month there will by strong fundament because Power is among 3 finalists in Extreme Tech Chelenge and go to final round on Richard Branson's Necker Island. Richard Branson is one from judges and there go about a lot of money :)
POWR/BTC Volume Analysis Prediction 2/7/2018Power coin made a false break down of strong supoort level 6485.
Also the price break out the trend line.
On intraday chart we have a strong bullish trend.
In summary, buy priority with a great potential.
Trade recommendation:
Entry point: 7890 (buy limit), 8602 (buy stop).
Stop: 7349
Target1: 9850
Target2: 10900
Target3: 11700
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
WHERE I WOULD BUY BACK INTO $POWERWho is bullish on $POWR ? I know I am.
When would I buy back in to it
1. will the first area that I will for price come
back down and test for support. (higher #risk2reward )
2. Most likely will place small bid here better risk2reward and protected some what by 3.
$BTC #BTC