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POWRBTC

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
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