Powr BTCCoin name: Power Ledger
Ticker: Powr
Pair: Powr/BTC
Exchange: Binance
Set up:
Long entry from 1058 sats to 958 sats(approx 11% buy zone)
Stop loss : 888 sats
Targets: 1400 sats and 2200 sats
Technical Analysis:
Powr is forming a nice and massive cup and handle formation on the daily chart.
Looks primed as it has completed the handle pattern and is now consolidating under resistance awaiting breakout.
We can also see that 950 sats support is holding quite nicely whenever tested.
POWRBTC
POWR - Beautiful Bullish Pennant on Daily - Get Some!Power Ledger is shaping up for a big breakout on the daily. We can see a beautiful pennant formation testing overhead resistance, which has kept the price at bay for almost 2 years. I think if it breaks this resistance, it will do so with POWER! So get ready!
POWR bullishI traade this coin a lot. You may see by marked on chart, signals caught all the main moves. Now I'm giving a new signal. Buy zones last down till 850 so its DCA strategy without stop loss. Because I am sure this coin will pump again. But to be on a safe side, better sell at nearest resistance marked with red zones.
Power Ledger Reaches End Of Retrace, Uptrend To ResumePower Ledger (POWRBTC) retrace is coming to an end, according to some early signals that I am getting from this chart.
First, we had a very strong bullish wave followed by a retraced, POWRBTC found support exactly at the 0.786 Fib. retracement level for the last bullish wave.
We can also see EMA200 being conquered only to later be tested as support.
Since the support held, now we can expect POWRBTC to move up and test the next resistance.
EMA100 was also tested and held as strong support.
The trading volume is really low on the drop, signaling that the bears are not powerful here.
With a long-wick now and prices moving above EMA10 and EMA50, if the daily candle closes strong, we can expect Power Ledger to continue higher... I've marked one target for your convenience.
This is not financial advice.
Namaste.
POWRBTC Is She Gone Pop?Despite all the blood in the market, POWR has held ground after a large spike in volume. Currently POWR looks good, and a bullish pennant in the short-term and cup and handle over the last 12 months with this surge in volume creating the handle. All I am waiting for is volume, which historically results from money comeing out of BTC when in a bear run into promising altcoins.
All I'm waiting for is WAE confirmation for a discretionary long. Let's see what story time tells
POWRBTC formed bullish Gartley | Upto 114% bullish move expectedHi Friends here I come again with another fruitful trading idea.
This time Power Ledger (POWR) with Bitcoin pair has formed harmonic pattern and that is bullish Gartley pattern.
Let’s dig the pattern deeper to see how perfect the pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: 0.00000961 to 0.00000733 sats
Sell between: 0.00001141 to 0.00001571 sats
So this time we can expect up to 114% powerful bullish move.
Stop Loss:
The potential reversal zone area which is up to 0.00000733 sats can be used as stop loss in case of complete candle stick closes below this level.
Power Ledger Can Continue Growing, Looking BullishPrices for POWRBTC (Power Ledger) are now trading above EMA300 and looking like more upside is possible.
If we look at it weekly, we can easily appreciate all the room that is left available for growth.
The next target on the weekly timeframe for POWRBTC is EMA100 at 0.00002394 for 110%+ in potential profits...
The trading volume is really high, this is the beginning of the bull phase for Power Ledger.
Namaste.
Previous analysis |Sep 24, 2019 | PowerLedger (POWR) Suprise 145% Move | Next Comes 380%+ Profits?