POWR ready to move up againI'm waiting for a breakout on that diagonal resistance. Close to support here with first target at red box
POWRBTC trade ideas
Powerledger, get to know it.What's there not to like about Powerledger? That's a real question I hope someone actually can answer. From a TA perspective, it simply looks set to make a move in the next few hours or days and one can be safe by waiting for a solid break out upwards.
The idea is great as well. It's basically about sharing local electricity using a cryptographic token. They've attracted funding from the Australian government. They've got a demo location in place where people trade locally generated electricity. They've got what looks like a solid team of true believers and real geeks. There are several good stories in the news
news.google.com
one of which is that they made the top 3 of Richard Branson's Extreme Tech Challenge www.extremetechchallenge.com at CES 2018
Good news that did not really make a positive mark on the coin price, rather the reverse; it plummeted just days after the above announcement. Which is curious and reason why I'm asking if there's anything not to like here.
At any rate, examine the graph, examine their idea powerledger.io I think there's a clear case for this technology to find adaption and a clear first mover advantage in this team.
Not intended as investment advice.
Looking forward to your comments and likes.
POWR 4hr - Triangle & BB SqueezeMoving towards the apex of triangle, BB squeezing - expecting a breakout to the upside soon
Entered on 12/28/17 at 0.00006883
Great looking Cup and Handle for POWRBTC on BinanceGreat looking Cup and Handle for POWRBTC on Binance
POWR LEDGER TO 11,070 SATOSHISWE ARE HEADED TO THE TREND LINE AND MAY EVEN SPIKE DOWN TOWARDS KEY LEVELS AT 61.8 AND 78FIB.
WE SHOULD RECOVER AND MOVE UPWARDS AGAIN.
Powerledger POWR BreakoutThe Stoch RSI is going down for now, it will hit the support zone and will keep bouncing between support and resistance and then breakout.
POWRI'm personally still bullish on this coin but it really depends whether the volume picks up or not.
POWR Breakout and New ATH's soonThe chart pretty much says it all.
On top of that I can say that as a project Power Ledger has tons and tons of potential to increase. Their technical product has a huge market, but more importantly, they themselves have proven the validity of both their team and the product by placing in top 3 of the extreme tech challenge, with the potential to win 1st.
Nuf said.
This week's easy trade goes to... POWRBTCThis doesn't mean there aren't market fake outs - of course there are. But this is a pretty cookie cutter setup .
powr/btc cup and handle 30%+ gainsCup and handle forming on 1 hour chart.
Should bring 30%+ gains.
Handle has formed.
POWR/BTC Long After Consolidation PeriodA relatively new coin with long upside potential. However, as a trader, I could care less about fundamentals. The mantra: Trade it until it fails. And since its inception nothing but clear signs of technical trading. POWR is following the Elliot Waves perfectly.
With that being said, due to a leading diagonal after the first wave 5 completion (the 2 overlapping the 1), we have yet to put in the larger degree wave 1. I see us now in an ending diagonal of the larger degree wave 2, subwave 5 (which I propose has yet to complete). What does this mean, well if the count holds, we are headed to much higher prices further down the road. That being said, I am on Long on POWR. Initial targets are green boxes.
I will post updates and updated targets once consolidation nears its end. But keep in mind. Once wave 5 completes, this is still only the 1 wave of the largest degree. Pay close attention to the support line.
Updates coming soon.
As always, I am wrong more often than I am right. This is not trading advice; only technical analysis for myself. Trade wisely.
POWR / BTCBreaking out of a huge inverse Head and Shoulders... Should be a good one to watch in 2018...
Power Ledger cup and handle for January/ February 2018This chart studies the magnitude of a previous move and used those proportions to hypothesise the magnitude of time and price of a possible move to the upside.
January is massive for Power Ledger, Las Vegas CES, Richard Bransons top tech co.s, Doctor Gemma Green (co founder and chair) speaking at an event parallel to the World Economic forum in Davos Switzerland. I am expecting this exposure will attract bullish price moves and new investors.
I am a huge fan of Power Ledger. The idea, vision, platform team and community are rock solid!
2018 will be a great year for POWRAs we can see, POWR hit bottom on 8 dec 2017, and now is on ascending line.
Bearish Wedge Indicator for Power Ledger (POWR)POWR looks to be exhibiting a bearish wedge. It hasn't been able to break through resistance, with volume dropping off day by day. I'm looking for POWR to drop in the short term, attempting to find support and reversal at the 21 day and then again at the 50 day if the price continues to drop.
Symmetrical triangle POWRNotice the 3 Lower highs and 3 higher lows.
Price is currently sitting at its previous ATH, indicating if breaking out it will reach a new ATH.
Bollinger bands also getting tighter
