Get started

POWR

Power Ledger (POWR) Retrace IncomingThe candlesticks and Bollinger Bands are showing signals of a coming retrace. Power Ledger had a massive take off today and reached all the way up to 0.00005786. A retrace is coming which is normal after breaking through several resistance levels. You can expect the 0.000039000 - 0.00004200 level to work as support. This is just a friendly notice. Note: This is an educational post. This is no trading advice. Check my Power Ledger (POWR) long term trade for additional information (targets and other trade details). Thanks a lot for reading. Namaste.
by AlanSantana
15
POWRBTC Bittrex 1D up to 26MAY18 Crypto Trading Analysis (TA)BITTREX:POWRBTC 1D Chart, also works in 4H, at this time PowerLedger (POWR) is testing by third time the SUPPORT ZONE since April 7 (0.00004273 BTC), gaining strength to move towards RESISTANCE ZONE 1 (TARGET 1 0.00005927 BTC). The 50, 100, 200 MA already crossed up its 100/200 days signals (GREEN ARROW), the Volume is decreasing -BUY SIGNAL-, and the Stochastic RSI Index & MACD and are both about to pierce up below 20 RSI Signal and Histogram respectively (BLUE ARROWS), we could spect the POWR price to move UPwards in the next hours. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is recovering at 338 Billions and the BTC is traying to get oxigen at $7.5K. Good Luck! Grafico de 1D, también funciona en 4H, en este momento PowerLedger (POWR) está probando por tercera vez la SUPPORT ZONE desde el 7 de abril (0.00004273 BTC), ganando fuerza para moverse hacia RESISTANCE ZONE 1 (TARGET 1 0.00005927 BTC). El Indicador 50, 100, 200 MA ya cruzo sus señales de 100/200 días (GREEN ARROW), el volumen está disminuyendo -BUY SIGNAL-, y el índice estocástico RSI y el MACD ambos están a punto de cruzar sus señales por debajo de 20 RSI Signal y el Histograma respectivamente (FLECHAS AZULES), podríamos observar el precio de POWR moverse hacia ARRIBA en las próximas horas. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, el Market Cap se está recuperando en 338 Billones y el BTC está tratando de obtener oxígeno en $7.5K. ¡Buena suerte! "Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal" REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Short
by rodulfox
POWR - Trying It's Best to Break Out Above Heavy Resistance!!OK so after a short break spending some quality time with the wife and the little one (as well as working on my motorbike at nights) – I am back! Let’s have a look at POWR vs BTC on the one hour log chart to see what we find! POWR finally broke out of its three month down trend channel (dashed black line) around the 11th of April and has since been trading within a smaller ascending (uptrend) channel. At the moment we find ourselves at a critical point in our journey! As you can see we have some strong resistance above us in the red dashed line and although we have tried and tried to break to the upside of it over the past week; we have ultimately failed! Unless we break out by today's close with supporting volume, then we are likely going down. How far down? Well let’s take a look at our moving averages to see if they can give us a possible scenario… We had a recent bullish crossover of the short term moving average (12 EMA) over the longer term moving average (26 EMA) on 14/04/2018; and since then we have been riding the support offered by the 12 EMA. Now with the heavy resistance looming directly above us, the support is barely holding. If we don’t break out by today’s close, then it is likely we will fall to test the support provided by the 26 EMA in Pink. If this doesn’t hold, then we next have the 50 EMA represented by the green dashed support line. Therefore, in terms of where we will drop to; I think the green dashed line is as far as it will go. Let’s take a look at our other technical indicators to see if they support this theory. Aroon Up is below 50, whereas Aroon Down is around 7. At the moment this indicates that neither bulls nor bears have the edge – this can still go either way! If the Aroon Down is to increase above 50 and Aroon Up remains below 50, then bears definitely have the edge. Given neither bulls nor bears currently have an edge, then there would not be a lot of strength to the drop below the uptrend channel if this occurs. On the flip side however, if we do break out above the heavy resistance and we do not have the supporting volume required; then again we there will not be a lot of strength to the break out, and we will probably not find support above the red dashed resistance line (effectively this will be a false breakout). RSI is at 58 and the MACD also have no momentum currently, further supporting the view that a drop at this stage is likely to take us to the next level of support at the 26 EMA; whereas a breakout above the resistance will be a false break out. Like I mentioned earlier however, if we do drop and both the 26 EMA fails and then the 50 EMA green dashed line also fails - then we are dropping further! Volume gives me a positive indication that all the buyers over the last week are not going to want to sell so soon. A drop out of the uptrend channel is not going to scare them enough in to selling, although it may shake out a few loose hands. This again, supports the notion of a drop only as far as the 26 EMA or green dashed support line representing the 50 EMA before a bounce. At the moment, this is a no trade zone for me. In order for me to go long, I would need to see a break above the red heavy resistance dashed line (with the all-important supporting volume!) which would likely take us all the way up to the 61.8% Fib where we are met with our next level of resistance. I will be looking for this break and once confirmed, going long. Cheers
by Corrupt_Economy
2
POWR Ascending Broadening Wedge Giving Us A Few Trading Options!Ok today we will have a look at POWR vs BTC on the daily log chart! As you can see on the 10th of April we finally broke out of the downtrend channel we have been in since early January. Since then we have trending higher in an ascending broadening wedge pattern. It’s worth noting that ascending broadening wedges tend to breakout in the direction of the previous price trend; acting as continuations of this move – so in this instance it would result in a move lower. Generally if a downside break occurs, these patterns are very trustworthy, however they are less reliable prior to the break of the lower trend-line. It is also important to note that ascending broadening wedges can extend for long periods of time, and there is no easy way to predict when or how the pattern will end. Now in saying this I am not necessarily convinced we will actually break to the downside of this (pattern despite a commonly accepted notion of a 76% chance that the formation will break out downward). This is because the MACD is trending above the signal line and we have a bit of momentum building to the upside. Aroon Up is trending high above 50, whilst Aroon Down is well below 50 – indicating bulls have the edge. We have also tested the 12 EMA as support after the bullish cross over of the 26 EMA occurred on the 13th of April. The RSI is not overbought at the moment, and is starting to trend downwards providing us with further room for growth. In addition we have a three outside up candlestick pattern emerging (not yet fully formed) on the half hour chart, and a bullish engulfing pattern emerging (again not yet fully formed) on the one hour chart. Both bullish signals indicating a move further up the pattern. So in summary, technical indicators are giving us a strong buy signal on the daily. So how do we trade this pattern? Well we have a few options. First there is the bearish breakout strategy. This is the most basic and involves waiting for a breakout confirmation such as a breakthrough of the lower support line. This means sell once the lower support area is breached. But this is the least effective of all the strategies. Probably because it’s the one everyone is using. Secondly we have the bullish continuation strategy. This means we go long as the price breaks above the upper resistance line of the wedge. This generally has the best odds of success as there is about a 55% probability of a further bullish advancement after a break of the upper resistance line. If this occurs the bullish move generally lasts at least as long as the duration of the pattern itself. Lastly we have a swing trade strategy. As the ascending broadening wedge tends to extend indefinitely, it can also be traded as a price channel. In this case, you can use a swing strategy to trade off the highs and lows between the support and resistance area. Simply place a sell order when the price rebounds down from the upper resistance line and place a buy order when the price rebounds up from the lower support line. If you take this approach you do however need to pay special attention to breaks of the support/resistance areas. Remember to always DYOR and trade safely! Cheers
Long
by Corrupt_Economy