POWRBTC BITTREXPOWR is respecting the short term downward trend and is forming into a falling wedge. Coming down to the lowest level it has been for quite some time, I have a buy zone of around 3000 satoshi just above a strong weekly level of support. Once we reach this level I will be watching very closely for potential long positions.
Some potentially huge gains to be made in the mid to long term hold timeframe.
POWRBTC
POWRBTC BITTREXAfter breaking out of the long term weekly downtrend, POWR has started to create new market structure with a higher high and higher low. It has now pulled back to a weekly support level which has been respected multiple times.
If this support level can hold, we may see a strong bullish move back to test the previous structure around 5300 mark or even the most recent high at around 6200.
If we break down here we will see powr head down to find support. The next key support level is a weekly support around 2950. This is also the lowest level that POWR has seen since being listed on bittrex.
With it's strong fundamentals it could be a good time to fill your bags for a mid to long term hold if we can hold this support level.
If we break I will be looking for another entry around 2950 for a mid to long term hold.
Powr\btc target on this uptrend 4700POWR did found support on the 200bb support lines, should test the ema in the bollinger bands on this up momemtum.
RSI also looking ready for this run.
Target: 4700
Entry : 3900
Stoploss: 3700
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$POWR, The Last Dip….
Weekly
Looking at our trend timeframe we see price making a retracement towards our 4000 support zone. Momentum still in favor of bulls after our radical run from 3000 to 6000. Expecting a higher low at this level followed by a wick fill towards 6000. Waiting for price to get as close as 4000 before taking any buys.
POWER LEDGER: FORBES ARTICLE MENTION? - PROFIT = 52.18% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 52.18% PROFIT!!!
The increase in price may also be explained by positive developments including:
The increase in price may also be explained by positive developments including:
April 24: Power Ledger & Kansai Electric Power Co. To Trial Peer-To-Peer Renewable Energy Trading In Japan.
May 1: Power Ledger & Clean Energy Blockchain Network Partner With Northwestern University For First Commercial Deployment In United States
May 3: Power Ledger in TechCrunch: ‘Power Ledger Deploys Blockchain-Based P2P Energy Trading System In Chicago’
May 8: Power Ledger In Bloomberg: ‘Blockchain May Soon Be Helping Puerto Rico -2.40% Keep The Lights On’
May 23: Power Ledger Profiled In CNET: ‘Blockchain Helps Us Take Green Power Into Our Own Hands’.
June 1: BCPG to install 12MW rooftop solar for Chiang Mai University’s Smart City-Clean Energy project, using Power Ledger P2P Platform.
June 19: Power Ledger & CEBN Partner with Silicon Valley Power on Renewable Energy Tracking for Electric Vehicles.
June 21: Forbes publicises Power Ledger's positive impacts on sustainability in area of reducing greenhouse gas emissions and renewable energy and carbon credit trading.
July 12: Power Ledger featured in the '10 Best-in-Class Smart Grid Tech Solution Providers' of 2018.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
New potential buy inI am thinking POWER is due for a small retrace which would open up a nice spot to buy in.
We've seen a triple touch at the highest high @ 5760 sats. RSI is oversold. I Could see it falling back to the 61.8 Fib retracement line where past market highs have been to before. If coins can be picked up on the 61.8 line and the market rises again to the resistance at 0.00 there could be a 10% trade to be made.
I wouldn't expect it to fall past the 61.8 but if concerned a stop loss could be placed at the 78.6% Fib.
This is just what im seeing and I like to do this to test myself and my TA ability. As always do your own research, this is not trading advice.
POWER Retrace to a nice potential buy inAfter the recent push, the market is in retracement. I suspect that the 61.8% fib would be a sound entry point. I believe there to be some strong support here and great potential to bounce off and move upward again. The market does look like it is finding support off the 50% fib however there is larger gains to be made if we can make a buy off the 61.8%.
This is not financial advice, trade at your own risk.
PowerLedger VS Bitcoin Volume Increasing PowerLedger still trading within the descending channel, where prevailing trend is obviously down. On the 28th of June POWR/BTC found the bottom at 2847 satoshis, after which, under an increased heavy volume price went up to 6030 satoshis, breaking above the 50 Moving Average.
The upside move resulted in a 110% growth, but then price corrected down, where it found the support at the 50 Moving Average, that has been consistently rejected during the past five days.
Yet again, under an increased volume, today PowerLedger went up sharply, suggesting that the upside momentum is still valid. This should result in further growth and could send price up to the 127.2% Fibs at 6600 satoshis area, where previously resistance has been formed.
Break above the 6600 satoshis could send price much higher, perhaps towards 10k satoshis psychological round number, that corresponds to the 327.2% Fibonacci retracement level.
POWR BTC (using Bitmex Cobra)Using the Bitmex Cobra on POWR on 15.min chart is very profitable
Profit Factor 7.235!
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With the Bitmex Cobra you get trading signals right on the chart which tells you when you should buy or short the market. With Bitmex Cobra you are always in full control of your trading no matter how the market moves.
Check the list of trades as well to see past trades.
Trending to acending!As far as i can tell POWR is forming a small ascending trend-line where it will continue upwards and push against resistance on the 50% fib. I suspect it will push past it hit some solid resistance as indicated by the zone around 38% fib.
Support seems strong.
Upward trend has started.
Bollinger Bands have tightened and we are crossed the middle.
RSI has plenty of room to move upward before being oversold
MACD are still separated but do concern me a little as they indicate moving closer together..
POWERLEDGER: PARTNER WITH SILICON VALLEY POWER - PROFIT = 109%!Our " Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicato r, you would have expected to net 109.08% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 24: Power Ledger & Kansai Electric Power Co. To Trial Peer-To-Peer Renewable Energy Trading In Japan.
May 1: Power Ledger & Clean Energy Blockchain Network Partner With Northwestern University For First Commercial Deployment In United States
May 3: Power Ledger in TechCrunch: ‘Power Ledger Deploys Blockchain-Based P2P Energy Trading System In Chicago’
May 8: Power Ledger In Bloomberg: ‘Blockchain May Soon Be Helping Puerto Rico Keep The Lights On’
May 23: Power Ledger Profiled In CNET: ‘Blockchain Helps Us Take Green Power Into Our Own Hands’.
(NEW) June 1: BCPG to install 12MW rooftop solar for Chiang Mai University’s Smart City-Clean Energy project, using Power Ledger P2P Platform.
(NEW) June 19: Power Ledger & CEBN Partner with Silicon Valley Power on Renewable Energy Tracking for Electric Vehicles.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
POWRBTC huge gains require great consolidationPower Ledger broke out today and brought huge gains. Price reached 0.00005786 level. A retracement and consolidation is coming which is normal after breaking through several resistance levels.
The candlesticks and Bollinger Bands are showing signals of a coming retrace which are confirmed by Ichimoku clouds.
We expect the 0.0000340 - 0.0000360 range to work as a new support, consolidation and bounce level.
This is drawdown game strategy. Wait till the price hit the support then open long position. Targets will be presented in the Premium channel later
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.
POWR/BTC Long - between 8% and 30% profitsPowr / Btc is reaching the end of a wedge pattern, and indicators are positive for a breakout to the upside.
- Price is trending towards the upper part of the wedge
- RSI has a good support level and in fact seems to be climbing
- MacD is looking to crossover
A problem for the breakout might be the trading low volume and the current bearish sentiment of the market.
A good entry is probably at a clear sign of a breakout, around 4100 sats.
We would also put a stop loss around 3900 sats.
When breaking out of the wedge,
we might want to wait for a retest to see if it bounces upwards from the diagonal line or goes below it.
We put 4 targets, we can decide the distrubution for ourselves.
However, in this market, we would not wait too long to take profits. We might sell 50% at 8% and the rest later.
If you profited from this trade, we welcome tips at:
- Bitcoin: 1FGtVGU2Ph23j4XtL4ADcqoWBiDnBzaSVf
- Ethereum: 0xdf5D882136D177C8DAb2Cd7dD02D2AD06954276E
POWR/BTC 4 hr Binance...I Hunt Whales ;-)Hello fellow traders.
A new post just for your education. Just wanted to let you know that I am Certified Whale Hunter now. Posts from here on out will be less frequent. I just do not have the time managing all my trades. Please review my materials, methodology, and progress.
Good luck
longmoney out