Why I have deferred from making cryptocurrency charts latelyAs you can see POWR has made little to no price action, disregarding pump and dumps over the last few months. This is just one example of many in this current bearish market. No trends can be drawn from these markets and it is EXTREMELY difficult to draw a conclusion regarding where the price is heading. Experienced traders, pump groups, and ones with large amount of capital may capitulate on this trend lacking opportunity to ‘beat the market’. Always make a personal fundamental analysis of a coins potential before investing, as fundamentals in future will play a big role in deciding these coins prospects. With time more patterns will emerge.
POWRBTC trade ideas
POWR Showing Bullish MovesHuge ROI potential
POWR has been in an upward channel since October and is becoming increasingly bullish. The volume spikes seem to be increasing with Price movement and the RSI continues to trend upward.
On the 26th November, the Dutch Crossover signaled to buy on the daily chart.
POWR/BTC (Up to 80% Profit)POWR/BTC
Power Coin broke bullish above down-line resistance. 1st Higher Low than a Higher High. After hitting the bottom 3x,
Bears loses its momentum fast and Bulls started gaining strength to form its 1st Higher Low inside the triangle pattern.
I'm looking for a healthy pullback in the support area for this swing trade.
Trade setup
Buy area: 580 Sats - 540 Sats
Sell target: 638 Sats - 1060 Sats
Stop loss: 480 Sats
Power Ledger: a long term investment On the 27th of october we saw POWR hitting a new bottom in a long time. Since then we can see a trend reversal and I think it might even go up from here..
In my TA I’ve used RSI, EMA 10 and EMA 50 indicators on the 4h chart. RSI is back on track and the price has started to move more.
Overall I think Power Ledger is a great blockchain company with a great vision and development. IMO a long term investment for the next 5 to 10 years. Do your own research and keep an eye on this baby!
What do you think? Salamat po.
I'm a ROOKIE in TA and still learning, please feel free to correct me or send feedback.
THIS IS JUST ME SHARING MY IDEA AND THIS IS NOT FINANCIAL ADVICE
Whale accumulation in Power Ledger. Massive whale accumulation in power ledger. Buying activity 50X the volume moving average.
The price is below historical support of 685 sats.
Price breaking above this resistance level will accelerate its gains further.
Fundamentals:
Power ledger is one of the few crypto companies working on decentralizing the power grid and create an energy sharing economy which is where the power grid is heading to in the future with smart grids. Managing the energy sharing ledger is the tricky part. However Power ledger has been doing trials in several countries and has partnerships in the works.
*Note: This is not financial advise. Please do your own research.
POWR - trend reversal? Shaping a saucer?POWR - perhaps located at the very bottom and there will be a break in the trend - the formation of a saucer shape.
Coin - TA textbook. We see a global downtrend on a coin. Each figure was a continuation of the trend. Bear flag - rectangle (horizontal time channel) - downward wedge - rectangle (horizontal time channel). Now the coin is 1 month in lateral movement. Perhaps the Saucer will be formed. Which can become a trend reversal from downward to upward.
On the downward chart (“saucer figure”)
1) Descent of the price. It is characterized by a gradual slowdown in movement and falling prices;
2) Bottom - the bottom point of prices on the chart. It should be located on a gentle bottom (smooth bottom, without peaks). The center of the figure.
3) Climbing prices. Ideally, the graph is symmetrical to the descent. It is characterized by a gradual acceleration in price growth. When climbing the price, be sure to increase the volume indicators (to confirm the formation of the figure). The time of formation of the climb is usually equal to the time of the descent of the price or slightly more.
POWR on the movePOWR is breaking through a long term trendline
and has recently cleared some levels with its move
two days ago that was reset back to the bottom
of its range by the recent BTC drop. Now it has the
chance to do it again but with a bigger outcome
as it has the chance to close above its ORIGIN to
great an even bigger breakout most likely to the
weekly hold of the origin at 1360. Buy target is the
current origin level at 579-580 with sell target a
few sats below 1275.
PowerLedger (POWR) Suprise 145% Move | Next Comes 380%+ Profits?PowerLedger (POWRBTC) just made a surprise move without giving any signals other than a bullish RSI and trading above EMA10... Here is the chart:
As you can see, POWRBTC decided to have a violent bullish breakout... Think about this, last week we had so many pairs produce massive gains and move up. Now, these pairs are retracing and consolidating, so another side of the market is about to grow.
PowerLedger is a great example and just printed 145%+...
We are seeing huge volume as well.
Remember, this is just the beginning, so PowerLedger can grow much more.
Thanks a lot for reading and your continued support.
Namaste.
Today`s ALT!!! POWRBTC BINANCE:POWRBTC
Exchange : Binance
Coin: POWRBTC
Buy Zone: 0.0000055~0.0000054
Target Point: 0.00000565/ 0.00000595/ 0.0000062/ 0.000007
S/L: 0.00000515 or Under PuppleLine
Risk: MIDDLE-HIGH
Term: Middle-Long
It`s making Symmetrical Triangle after it`s broken Rotated Rectangle Channel
Also it`s volumm is down
The pumping will come from here and Symmetrical Triangle will be broken
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Investment is your responsibility.
I'm just providing about coin`s information
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