Powr ledger a solid pick for 90-152% profit potential.
Updated
Hi guys,
heres a favourite of mine, a fellow aussie coin called powr :)
Power Ledger is an innovative way to manage power consumption, with their powr and sparkz mechanism.
Buy: 8650 - 9500 sats
Sell: 16450 - 17500, 21800 - 22800 sats.
This project won't really take off until mid to late 2018 q3-q4 area with an absolutely packed 2019.
Some Fundamentals:
The blokes at power ledger are in the finals at the Extreme Tech Challenge, meaning that a lot of developers and large companies, such as the sponsors of the event - Cisco, Samsung to name a few gain exposure to this great coin and great team.
Mind you Extreme Tech Challenge is led by the very famous Sir Richard Branson, who is a very influential and powerful man.
Dr. Green the cofounder and chair of powr ledger will be hosting a talk at the Inspiring Leader's Summit, again improving Powrs exposure to the community.
Powr's timeline look to be gradually completed over the course of the next year and year after.
Technicals:
To me, it looks like POWR has completed the first 5 waves of the first cycle and looks to be close to finishing the correction in the 2nd corrective cycle.
The Second wave had retraced perfectly down to the 0.618 levels and looks to be ready for the next leg up, starting the 3rd impulse wave, usually the longest and the greatest wave.
Using fib extensions we tentatively set a sell target at the 1.0 extension and at the 1.618 extension ratio for our second target.
Keep in mind this is a long term projection. It won't reach this in a few days or weeks (wait nvm, its crypto you never know), but do be patient :)
Im still new to this technical analysis stuff, still learning elliot waves and fibs. I welcome all critics. So go ahead and grill me :)
**Keep in mind the tether situation! It can and will bring the whole market down if it is a scam and thus my analysis and almost everybody elses analysis are redundant**
heres a favourite of mine, a fellow aussie coin called powr :)
Power Ledger is an innovative way to manage power consumption, with their powr and sparkz mechanism.
Buy: 8650 - 9500 sats
Sell: 16450 - 17500, 21800 - 22800 sats.
This project won't really take off until mid to late 2018 q3-q4 area with an absolutely packed 2019.
Some Fundamentals:
The blokes at power ledger are in the finals at the Extreme Tech Challenge, meaning that a lot of developers and large companies, such as the sponsors of the event - Cisco, Samsung to name a few gain exposure to this great coin and great team.
Mind you Extreme Tech Challenge is led by the very famous Sir Richard Branson, who is a very influential and powerful man.
Dr. Green the cofounder and chair of powr ledger will be hosting a talk at the Inspiring Leader's Summit, again improving Powrs exposure to the community.
Powr's timeline look to be gradually completed over the course of the next year and year after.
Technicals:
To me, it looks like POWR has completed the first 5 waves of the first cycle and looks to be close to finishing the correction in the 2nd corrective cycle.
The Second wave had retraced perfectly down to the 0.618 levels and looks to be ready for the next leg up, starting the 3rd impulse wave, usually the longest and the greatest wave.
Using fib extensions we tentatively set a sell target at the 1.0 extension and at the 1.618 extension ratio for our second target.
Keep in mind this is a long term projection. It won't reach this in a few days or weeks (wait nvm, its crypto you never know), but do be patient :)
Im still new to this technical analysis stuff, still learning elliot waves and fibs. I welcome all critics. So go ahead and grill me :)
**Keep in mind the tether situation! It can and will bring the whole market down if it is a scam and thus my analysis and almost everybody elses analysis are redundant**
Trade active
Update on idea. Support levels at 0.5 and 0.618 levels. yellow lines are support, fibs are major supports.
Updating the Stop loss to: 5327 sats.
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