POWR 1H Timeframe Chart 14 December 2017And there we have POWR, one of my favourites.
It's currently almost breaking out of the triangle, possibly running to a next leg, which has resistance around 6000 satoshi, as this is the earlier support level.
Key facts for this are some rumours regarding partnerships, also RSI is turning up, it's above the EMA's and MACD stays positive as well.
If it can't break out, it will probably fall down again to around 3800 sats.
Powerledger
Powerledger trend reversal- BTC power upI was wrong, it did not breakout and dipped again to the lowest support zone.
- we might have a reversal from the 3100 level. (might dip again nevertheless)
- Volume does not confirm reversal yet, take notice today.
I am a beginner in TA, any feedbacks will be valuable.
POWR - Approaching Critical TrendlinePOWR appears to be approaching a key resistance of its general downward trend. Two scenarios I'm looking at are a possible breakout to the 0.5 Fib level (0.00007321), which could represent an end to the downtrend, or a rejection that retraces at least to the current key support (~0.00006), in keeping with the current trend.
If POWR breaks bearish, there's a possibility that it retraces as far as the 0.236 Fib level (~0.00005).
Sideways consolidation is possible if we haven't yet hit the upper resistance of the downward channel, but I find that unlikely given our 4 Hour MACD. I don't think such a tight range is sustainable, and I believe that our next major move will be bearish, towards the 0.236 Fib.
DYOR, TNFA, etc. but I'm setting my buy orders between 0.00005000 and 0.00005640, with my targets around the 0.5 Fib level.
The Crypto Lark (www.youtube.com) is hosting an interview with Power Ledger Managing Director David Martin this week, on the FA side of things.
Cheers!
Power Diving to Support LineTypical movement from this cryto. its reached its ATH and now retracting down to its support at around 3000-4000. possible support at 4800, if power carries on diving down, wait for support to jump back in.
Look to get in around 4000 with profits taken at around 9000.
stop loss at 3600.
Happy trading and please be sure to give me a like if you agree or a add me if you enjoy my Analysis :)
Power Ledger (POW) TA - BeginnerWe can expect a breakout soon which will kick off the 5th Elliot wave. I have tried my best to use the Fib extension and Elliot waves to assume that the 5th wave could go above the 1.618 Fib levels considering the 3rd wave was bigger than the 1st wave (> 1:1). I would really appreciate the inputs of people who are more experienced in analysing charts.
Possible breakout from powr againIf you followed my last chart you would have caught the dip at 8820 perfectly
If you are still waiting to buy in wait for the breakout of the blue cloud for a buy signal but it might not breakout so wait
last chart:
Tips are appreciated
ETH:
0x4d5668cA43E1dCAA0D2FBf428b55161262feFBc1