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POWR

POWR - Time to Reload? This is not financial advice, and so forth. Given my position and situation, I'm considering re-entering POWR . We finally look like we're approaching a bullish MACD cross on the 4 Hour, which is when we saw our last major upswing occurred, however given POWR 's newness in the market, I'm hesitant to call new all-time-highs just yet. We're bouncing off of a key Fib level, the 0.382 (0.00006315) with the 20 MA approaching. We also just touched an oversold RSI on the 4 Hour. I'm looking for a confluence of these two things: 1) Price action meeting/rising above the 20 moving average 2) Solid bullish MACD cross on the 4 Hour If we can see volume and bullish follow-through, combined with a little visit from the luck fairy on the FA side of things, I could see a POWRful movement. *slaps knee* Again, I'm very heartened by the fact that there's been no enormous, all-at-once-dump; it makes for a much more convincing case that we're on the second part of a wave.
Long
by fittsjk
2
$Powr - Riding the 1 Day Trendlineit's probably too early to tell, but from the looks of it. Power will begin it's consolidation on the 1 day support trendline. Resistances are marked in the chart. Candles have been testing the EMA 55 and the EMA 20 continues to ride above the candles. Expecting a reversal trend within the next couple of days. IF the 1 day trendline fails, Expect to see Powr head down to 5000 sats. I'm going long on Powr accumulating as much as I can. Good luck and happy trading.
Long
by Kenjin_Tanoshii
10
POWR - Searching For the BottomIf you haven't read the POWR white paper, do so. After reaching all time highs just shy of a dollar/0.00011757 satoshis, POWR continues to consolidate. At present, we've retraced ~34% from the peak. We're looking good on the 4 Hour MACD, with the RSI trending toward oversold conditions, but don't be surprised if the bears test the 0.236 Fib level (0.00007116) before we get a bullish cross. We have a possible bottom at 0.00007617, which falls between previous support (0.00007837) and the 0.382 Fib level (0.00008004). That's no support to laugh at, but we need to see a close above 0.00008549 on the 4 Hour to shake the downtrend, and the bulls need to set a lower high before I'm going to buy again. This assumes some sideways consolidation. If we continue to lower lows, I'll update it then.
by fittsjk
9