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POWR

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
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