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POWR

Powr Regaining Its Power?Simple analysis here. Power Ledger reaching new recent lows in a similar fashion to other alt coins due to recent bitcoin price surge. However, it is interestingly showing some good support at the 4700-5000 sat range. Powr has good support from the Australian government which makes it unique as in late where government regulations are putting heat on the cryptocurrency world. Powr consists of a strong dev team with an even stronger community backing which is essential for cryptos to flourish. Overall, I see a potential descending wedge pattern which can be very profitable for us all if we pay attention and play our cards right. You can buy now or play it safe by buying a break of the resistance line if price action also shows support at that level once broke. Keep in mind powr is a new coin and that does suggest risk with this trade. Also, another bitcoin surge to 13K+ could push price action lower and a break of the support line shown around 4600 sat would negate this analysis. Trade Procedure: Buy now at 4700-5100 sat (BEST) OR Buy at 5600-5700 sat if support is shown. (SAFEST) Target 1: 7351 sat Target 2: 8999 sat Target 3: 10199 sat Upper End Target: 11799 sat Max Target: 15999 sat I suggest selling in percentages of your holdings because you don't ever wanna be left out of potential higher targets. Ask any EMC2 holder who sold too early... Trade Length: 12 days Stop Loss: <4600 sat Reversal Point if stop loss hits is 4200-3800 sat. Goodluck! :)
Long
by CryptoPrescience
POWRBTC - watch out for the BREAK OUT!Although its very tough to predict from chart when the data is barely few days older and you dont have much of a history. However, POWR is presenting an interesting structure with more potential on the upside and limited downside. POWR has been resting at the same level against BTC for almost 5 days now, thats generally a sign of next big move on either side. Our job is to best guess, which side that would be! The triangle with a pretty firm support is a good level to buy for aggressive traders (current level is almost the support level). However, conservative traders can wait for the clear breakout candle (with above average volume) above triangle resistance line. Fib Extensions are the targets in this trade, I expect a lot of mini trades within this structure in days to come. Treat green line as an ultimate stoploss, below that on closing basis, I see the pair falling towards 2800 level. Happy trading :)
Long
by a.rafay
1
POWR 1H Chart 2 December 2017And here we have another one, which I've been posting about lately a lot, and suddenly a lot of times wrong as well. Well, that's the game isn't it? You win some, you lose some. You need to get the highest success rate possibly to be successful and you need to keep improving, which I've been doing lately. We've two possible scenario's on POWR and this is quite likely. POWR just had a giant 12345 Elliott Wave in upwards movement. After that POWR did correct through an ABC correction all the way down to the .236 fib level (if you place fibonacci on the ATH and ATL). It bounced and seems to be in an upmove from now. It touched the 0.5 level resistance, landing on the 0.382 and looking upwards now. I'll be following this chart the coming days to see how it plays out. It still might be possible that we are jumping to 8.5K sats soon and afterwards we'll be retracing down to 0, which is highly unlikely due to the bullishness around this coin. Also, POWR is in a falling wedge right now, which is a bullish signal. This might induce the leg up from here.
by CryptoMichNL
2