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Powerledger

Power Ledger - Symmetrical Triangle, buy opportunityAfter experiencing a flash crash on Dec. 21, POWR/BTC looks like it is building a symmetrical triangle pattern. The 100-periods SMA (in the 2h chart, in blue) has offered support, following the lower side of the triangle. The 50-periods SMA (in orange) looks like it is going to meet the price at 0.00006600 BTC. I believe price will bounce on that level before breaking the upper side of the triangle. I also believe the price will go to 0.00007500 BTC, then find support on previous resistance (the upper side of the symmetrical triangle), before shooting up to my target, around 0.00012000 BTC. On the upper left corner I drew a typical formation of this bullish pattern, to emphasize the similarity between the chart and the "theory". The ADX and DMI allow for the start of a new uptrend. The stochastic RSI is what makes me believe we'll have a little correction at 0.00007500 BTC. This is anyway a risky trade. The price of BTC looks like it doesn't know exactly where to go, and this indecision makes the whole market very volatile and rather unpredictable. For whom likes to buy on dips, I suggest a limit buy at 0.00006600 BTC, with a stop loss at 0.00004980 BTC (this because if price falls, 0.00005000 BTC will be big buy wall, since it is an even number, and it is below the lows of Dec. 19 and 22). On the other hand, if you want to play it safer, I think you have 2 strategies, based on what'll happen: 1) If price breaks up the triangle, hits some value around 7500 satoshi, then corrects (without re-entering the triangle), I'd set a stop buy just above the 7500 satoshi level. 2) To get even less risky, but also less reward, you could set a stop buy order above the high on Dec. 20, at around 0.00008050 BTC. My target is around 12000 satoshi. I repeat that this trade is riskier than normal because right now the market is very volatile. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
POWR - An Uphill Holiday Weekend?BITTREX:POWRBTC is nearing a 4 Hour MACD cross within a generally upward-trending channel, designated in blue. Note the declining volume as we ascend. We've previously seen our biggest POWR gains to date under such conditions. At the time of publication, we're experiencing a very nice bounce off of the 0.618 Fibonacci Retracement Level. We seem to have strong resistance to our general uptrend at the 0.886 Fib level (0.00007540), which corresponds with our last lower high before our bounce at the all-time-low of 0.00002611. The 0.866 is going to be a key level for the bulls to break, and could see tremendous follow-through. We also have a very clear equilibrium pattern emerging with a high of 0.00008011, a low of 0.00005354, a lower high of 0.000076 (possibly 0.0000715 depending on how you measure), and our last higher low of 0.00006324, which bounced off of our upward trend support line. A close above 0.000076 confirms a bullish break of the equilibrium pattern; a break below 0.00006324 indicates a bearish reversal of our current trent. Depending on our volume and momentum, even a close above the 0.0000715 could be enough to push us a leg higher. I'm going to be very cautious, however, of the aforementioned resistance at the 0.866 Fib level. It has proven to be strong, but (*ahem*) we have the POWR . We appear to have remarkably strong support at and south of our 0.382 Fib level, between (0.000051 and 0.000054). In the event of a dip or more Bitcoin drama, that's where I'll be looking to "fill my bags," as the kids say. Bespoke blockchain and cryptocurrency consultation: www.minervaminingco.com
by fittsjk
4
POWR 25 December 2017 Short Term TradeGeneral info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave, RSI is turning up above 50 as well and the MACD stays positive. Sidenote: Lot of new info for POWR coming in Q1 2018. Scenarios: 1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle. 2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support. 3 - After Leg D, we'll break the resistance of the triangle and go on. Targets if we break resistance: First Target: 8K sats Second Target: 9.5K sats Third Target: 10.6K sats If we drop down, we'll fall back to 6K sats to test that support.
by CryptoMichNL
4
Power Ledger - Long: 170% up, or more. Hello, It looks like Power Ledger is getting ready for a very big move to the upside. The current chart very much reminds me of when Cardano (ADA) was just released. I know similar patterns don’t mean similar success, but it’s a good indication. The chart below is Cardano in November 2017. As you can see, the pattern is almost identical to Power Ledger right now. If we break out, the first target might be around the 0.00016780-levels, which is a 170% move from where we are now and the 0.618-fibo extension of the current price range. Looking at the project itself, I think it’s very much undervalued right now. If you want to trade this long-term, I think 170% upside is just the beginning of a bigger move. Price might also break down from here, to accumulate for a while before moving up.
Long
by Alireza_ITS
7
POWR 15M Timeframe Chart 19 December 2017POWR, short term version. Seems to be making an ascending triangle, RSI is turning above 50 as well, indicating that leg C is done, going to leg D. Made two small breakouts as well, so that’s great. MACD will become positive within an hour, wouldn’t be surprised if we see this pattern and break out of it tomorrow. Scenarios: - You can swing the legs. - Buy the breakout after leg E (or perhaps earlier if it breaks horizontal line) - If we fall out, start accumulating around 5000 sats (first bounce probably there, could be around 5400, but that’s more risky) Good luck!
by CryptoMichNL
Time to turn on the POWER!With the current state of cryptoland, this coin should get a decent pump! Fundamentally solid, and with a sligly undervalued marketcap I believe. Fundamental So yesterday we got some good news from PowerLedger. Thai-Government backed BCPG agreement! That's substansial and should increase the hype. It's a new coin, and there is a lot of speculation money flying around now. That's what I think could equal increasing demand for the short term. POWR is a little difficult to fundamentally judge. It's very techie. However, I like the team and it definetly looks like they are doing a lot of work and have some important connections. That's enough for me to invest for the short-mid term. I see a good risk/reward ratio. But I would recommend small percentage of portfolio. Technical You may know that I don't like to draw on BTC parings. If there is no USD pair I tend to go much more on the fundamentals. However, I have added on some fib levels to where I think we could face some resistance. And the pitchfork is always nice to follow for support levels. My target for this trade is around 16900 SAT. I have added it to my Portfolio-Spreadsheet . Where you can follow what changes I make in my hodlings.
Long
by Kryptokelly
65
POWR/BTC Short TermPower Ledger broke out of the big downtrend channel on the 12th (see my previous post), traded sideways for a few days and just completed an Elliott impulse wave with correction which in itself is part of an even bigger Elliott wave structure. If it breaks the resistance level at 6048 Satoshi (which may happen within this hour; volume so far looks high and the candle is long), chances are we'll visit 10000+ within a few days. The uptrend will most likely consist of 5 smaller waves like was the case last time. Previous:
Long
by ViktorC
Power Ledger Falling WedgeBITTREX:POWRBTC BITTREX: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. www.freeonlinetradingeducation.com It also looks like a good project as it helps commercialize electricity between peers. powerledger.io coinmarketcap.com Good Luck in Your Decisions
Long
by Raul_Dominguez
1
PowerLedger Price Projections! We can expect to see Power Ledger continue the increase that is currently going on. This coin has a lot of potential for growth in the upcoming months, especially in 2018 comma I would consider this quite a long-term hold unless you are trading it for the short term or medium term you can still carrying a nice profit full stop if the price breaks the resistance line it is likely that will see a continuous trend upwards towards the target ( indicated by the green line). Orange - Resistance. Pink - Support. As always trade the lines accordingly.
Long
by thomasfar6