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Powerledger

PowerLedger - Counting Waves - All boxes mark corrective patterns. --> Red boxes are correction of primary --> Yellow boxes are correction of cycle *I labelled the degree of corrections next to each box. Short/medium targets would be wave 1-2 fib ext. of the cycle. Stoploss: if we go below the assumed finished correction of the first subwave wave of the third cycle. (ie, the red box on the very right) Giving us an absurd risk/reward ratio of 14! I will take the trade. AL.
Long
by someone514
3
Powr ledger a solid pick for 90-152% profit potential.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**
Long
by EnZo
PowerLedger VS Bitcoin New All-Time High?PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi. On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline. This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook.
Long
by CryptoPAMM
2
POWR/BTC Long After Consolidation PeriodA relatively new coin with long upside potential. However, as a trader, I could care less about fundamentals. The mantra: Trade it until it fails. And since its inception nothing but clear signs of technical trading. POWR is following the Elliot Waves perfectly. With that being said, due to a leading diagonal after the first wave 5 completion (the 2 overlapping the 1), we have yet to put in the larger degree wave 1. I see us now in an ending diagonal of the larger degree wave 2, subwave 5 (which I propose has yet to complete). What does this mean, well if the count holds, we are headed to much higher prices further down the road. That being said, I am on Long on POWR. Initial targets are green boxes. I will post updates and updated targets once consolidation nears its end. But keep in mind. Once wave 5 completes, this is still only the 1 wave of the largest degree. Pay close attention to the support line. Updates coming soon. As always, I am wrong more often than I am right. This is not trading advice; only technical analysis for myself. Trade wisely.
by longmoney
20
Power Ledger cup and handle for January/ February 2018This chart studies the magnitude of a previous move and used those proportions to hypothesise the magnitude of time and price of a possible move to the upside. January is massive for Power Ledger, Las Vegas CES, Richard Bransons top tech co.s, Doctor Gemma Green (co founder and chair) speaking at an event parallel to the World Economic forum in Davos Switzerland. I am expecting this exposure will attract bullish price moves and new investors. I am a huge fan of Power Ledger. The idea, vision, platform team and community are rock solid!
Long
by JustFish
1
Power Ledger ForecastPower Ledger - Current Daily candle needs to close at or above 0.00011600 to give a clean buying signal. It will form a reverse hammer position which will be a bullish sign for the coin for further uptrend. this is a short to medium term analysis based on the current situation. It has good support and resistance levels which can also make it range bound if the volume does not play its role. I will be a buyer if it takes out the previous resistance level of 0.00011600 or if it drops to 0.000083000/0.00007200, based on the current scenario
Short
by shaxrashid
POWR Ledger | New Coin / New Technology = Lots of GrowthPicking up some POWR during this dip. I like it here because we are close to the bottom of the channel. Me and many of my followers originally entered at 6.5k (original chart deleted by TradingView), but I believe this is a new good opportunity to accumulate. This is a mid to long hold for me. Short term upside looks decent as well. Although coin is currently at 6x the ICO price, the current Market Cap ranks it at only #72 among other coins. A coin like this should rank much farther ahead (I'll explain why in the fundamentals below). In addition, coin is not even $2 yet. These parameters indicate to me that we have a lot of growth ahead of us. Entries: Position at 9.9k, orders at 9.1k, and 8.5k Targets: 11.7k (major resistance), 15k, 19k Stop Loss: 7.6k -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fundamentals: I like to use different metrics when evaluating a coin. One important metric I like to consider is the sector that the coin is trying to tackle. Another metric is how far along a coin is to executing real projects, or how much backing it has. POWR is a coin I believe is in a very promising sector: Energy Blockchain. I could go into the technology benefits of having a decentralized network that can keep track of individual energy usage, and allows for peer to peer energy trading. Instead, I'll just link this article that states companies, including Shell and BP, are backing a blockchain powered energy trading platform: www.coindesk.com While POWR is not this specific platform, I included the above to show that this is a very valuable sector that big companies are showing interest in. POWR itself has the backing of the Australian government ($8 million grant), and is working with the biggest energy provider in Australia. This puts POWR ahead of most coins in terms of development and backing, while being in an a very valuable sector that could become global. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
Long
by ecoinamist
4
Power Ledger Looking HorizontalWith the MA 50, MA 100, and MA 200 all looking very flat today, we will see if it will want to go back up into its respective channel. Yesterday POWR went into its bearish cloud and it may take a few days to see it emerge out of this bearish trend. With BTC falling this morning, we could see POWR go up through the week and with the numerous events POWR has going on this month, I believe it will eventually hit $2.75. If you want to read more on POWR in January: steemit.com
by PreSager