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Power Ledger / Bitcoin

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POWRBTC trade ideas

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
POWR/BTC Short TermPower Ledger broke out of the big downtrend channel on the 12th (see my previous post), traded sideways for a few days and just completed an Elliott impulse wave with correction which in itself is part of an even bigger Elliott wave structure. If it breaks the resistance level at 6048 Satoshi (which may happen within this hour; volume so far looks high and the candle is long), chances are we'll visit 10000+ within a few days. The uptrend will most likely consist of 5 smaller waves like was the case last time. Previous:
Long
by ViktorC
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
PowerLedger in a confirmed ascending trend at its lowest swing.Again, I am a fan of this project so my analysis could be biased by the fact that I believe this coin will go up essentially. Since I believe that and given how low the price went recently. I tend to believe in the uptrend I pictured on my chart too. Given we are in the lows of that uptrend, keep an eye for a buy point below 3500. Don't insta buy even if it hits lower than that, as you can see from previous lows, the beast can be picky. Bottom line is I would wait for an entry point once the 15 minutes candle look great or the 5 minute one is about to break the cloud. Once invested, I would re-evaluate my decision. Puttin stop loss at -10%. Target 1: 4000 Target 2: 4600 Target 3: 5000 Target 4: Moon and beyond. And obviously I would wait for $BTC to calm down for safer entry too.
Long
by Cryptonacci
8