Power Ledger Falling Wedge
Updated
POWRBTCBITTREX:POWRETH
Power Ledger has been making a falling wedge for about 20 days, after an initial run of about 10 to 1 in US dollar terms if you consider de ICO price.
In terms of Bitcoin it went from $0.00003000 or 3,000 satoshis to about $0.00012000 or 12,000 satoshis, almost 4 to 1 in terms of bitcoin and a lot more in terms or US dollars.
It is about 1 to 3 days of breaking out of a falling wedge, as you can see in the chart, which should catapult the coin to new highs above 12,000 satoshis in a wave 3 kind of scenario in Elliott Wave Terms, that should last a shorter time than wave 1 and 2, which lasted about a month.
My price target is about 16,000 satoshis, about 5 to 1 it’s actual price in terms of Bitcoin. And a lot more in terms of US Dollars.
Either way, it is currently siting at about 3,234 satoshis, and looking like it can rise many times its current price in the coming days and weeks when it breaks out of its falling wedge pattern.
freeonlinetradingeducation.com/falling-wedge.html
It also looks like a good project as it helps commercialize electricity between peers.
powerledger.io/
coinmarketcap.com/currencies/power-ledger/
Good Luck in Your Decisions
Note
Power Ledger has already broken out of a falling wedge. It has not done so in terms of Ethereum, but it has done so in terms of Bitcoins.Looking Good
Note
Power Ledger rising strong with big volume, about 40% so far today. It is up for the races.Note
Power Ledger rising strong, up about 20% today in terms of Bitcoin, gone up more than a 100% since I mention it. And it still looks good today. Profit potential more than a 100% at current levels. I'm planning to hold all year and part of next. And as a disclosure, I'm heavily invested in it.
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