POWR BTC - POWER show to continue? POWER recently showed a massive bull run on back of some solid product news and feature aspects.
Technically, not enough data to present a conclusive trade, however, on hourly chart we can see 50% Fib being a support along with a possible double bottom, both can push the price upward towards new high.
Can be bought at current levels with target at 0.000118 and 0.000154, SL just below 50% fib level (0.000088)
Happy trading!
Cryoto
BTC and USD. Similar reversal pattern. Short.As you can see on the graph, I am looking for a reversal in BTC after a new high. This type of reversal pattern works very well on big timeframes, especially when it has a divergence forming on MACD indicator. Based on the pattern, our target should be at least 5000, followed by a correction and then 4500/4000.