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POWRETH trade ideas

POWRETH { POWER LEDGER } - BULLISH SETUPANALYSIS 🔎 - POWRETH brokeout above the falling wedge's resistance, hit a swing high and retraced. - Price is retesting the falling wedge resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone (high buying pressure). - Price action is printing the double bottom pattern. - The double bottom pattern is a bullish reversal pattern. - We could be at the verge of an uptrend continuation. BUY ENTRY ⬆️ - Conservative entry: breakout above the double bottom neckline resistance (@0.00011382) - Aggressive entry: market price. TARGETS - Horizontal resistance level (@0.00014705) - Horizontal resistance level (@0.00017160) - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
POWRETH (POWER LEDGER) - WEEKLY ANALYSIS ANALYSIS 🔎 - POWRETH is bounded in the major falling wedge pattern. - The downtrend swing was bounded in the minor falling wedge pattern. - Price bounced off the major falling support and brokeout above minor falling wedge resistance. - Possible retest of the major falling wedge resistance. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Horizontal resistance level (R1). - Major falling wedge's resistance. SETUP INVALIDATION ❌ - Breakdown below the previous swing low horizontal support level (S1).
Long
by Chibuike_Odoh
A trading opportunity to buy in POWERETHTechnical analysis: . PowerLedger/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00060000 to 0.00054000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00060000) Ending of entry zone (0.00054000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00065730 TP2= @ 0.00071260 TP3= @ 0.00077540 TP4= @ 0.00083970 TP5= @ 0.00094600 TP6= @ 0.00111160 TP7= @ 0.00155120 TP8= Free
Long
by ForecastCity
5
Bullish Power Ledger / Ethereum 1DHello everyone, A couple of things I want to put out first: First of all this is my first published idea ever, so if you got any advice or tips feel free to share them in the comment section. Second the lines I have drawn on the trend are not the best support / resistance lines, they are purly on what I think (I haven't looked at other ideas), third the lines and the text in the analysis are a bit messy. Indicators that are a sign for a bullish uptrend: 1 ) The RSI shows some hidden bullish divergence, higher lows on the trend, and lower lows on the rsi indicate that the trend keeps rising. 2) The trend broke through the brown line, this means that trend is stabilising or can go in a uptrend. Don't now for sure. 3) MACD is almost crossing, what can indicate a uptrend. 4) There was a attempt for a breakout, but was canceled. I think there will be a second attempt to go through the resistance line. Thank you for ready my first idea. I'm trying to get better at trading and a good way to start is to publish my ideas and receive some feedback. P.S I'm also trying to improve my english :)
by TexGPo93
Long-term Buy trading opportunity for POWERETHTechnical analysis: . PowerLedger/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00060000 to 0.00054000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00060000) Ending of entry zone (0.00054000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00065730 TP2= @ 0.00071260 TP3= @ 0.00077540 TP4= @ 0.00083970 TP5= @ 0.00094600 TP6= @ 0.00111160 TP7= @ 0.00133150 TP8= @ 0.00155150 TP9= @ 0.00186430 TP10= @ 0.00226270 TP11= Free
Long
by ForecastCity
A trading opportunity to buy in POWERETHTechnical analysis: . POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00062400 to 0.00055000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00062400) Ending of entry zone (0.00055000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00075400 TP2= @ 0.00088300 TP3= @ 0.00097400 TP4= @ 0.00115000 TP5= @ 0.00132700 TP6= @ 0.00157900 TP7= @ 0.00190000 TP8= Free
Long
by ForecastCity
A trading opportunity to buy in POWERETHTechnical analysis: . POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00062400 to 0.00055000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00062400) Ending of entry zone (0.00055000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00075400 TP2= @ 0.00088300 TP3= @ 0.00097400 TP4= @ 0.00115000 TP5= @ 0.00132700 TP6= @ 0.00157900 TP7= @ 0.00190000 TP8= Free
Long
by ForecastCity
6
POWRETH - 15m - 2618 Strategy Double bottom is spotted in POWR ETH pair. If trend continuation follows further, there is an opportunity now between 0.00074 to 0.00075 eth to go long Short Target could 1618 inversion 0.0088012 eth Targets can be divided into stages Target 1 : 0.0085150 eth - 127/1414 inversion of last leg Target 2 : 0.0088012 eth - 1618 inversion of last leg 1618 inversion is also providing 127 and 78.6 ratio confluence from previous legs 127/1414 inversion area is also providing 618 ratio confluence from previous legs RSI indicator with length 5 and upper 79 and lower 21, shows oversold.
Long
by Ashwini02
Double Top POWR/ETHLong-term trend is still intact. Price testing then crossed the 20 EMA . There is confluence between the RSI , MACD price action, however there is divergence in relation to the long-term trendline which remains bullish . I am waiting to see if the price action tests or breaks support at the 0.786 (0.00085436) Fib retracement level and will act accordingly. Full disclosure - I am still learning TA - Any feedback is always appreciated - I am trading on POWR/ETH and placing orders based on my TA, however, if you do have any doubts in regards my chart, rationale and that fact that I am still learning the craft; please do not buy or sell based on my analysis alone. I would urge you to also look at more experienced members charts before making a decision. Please note that I deleted the 1st published version of this chart because I thought I had made it private instead of public and didn't know how to change it. This TA is the exact same one. Please forgive my noobness. Thank you for taking the time to look at my idea.
by SoCr
Bullish Convergence POWR/ETH - Target Price 0.00090000Rising wedge with divergence on the RSI. 150 MA has crossed over the 200 MA. Both 50 and 150 MAs are now on an upward slope. Price action has surpassed the 200 MA. Fib trend extension - Support held at 0.382 (0.00081491) POWR appears to have found support at 0.5 (0.00083297), whether this will hold is still yet to be seen, and has tested resistance at 0.618 (0.00085103). I feel confident that price will exceed 0.00088000, however, a target price of 0.00090000 may be overly optimistic. I believe there is strong enough confluence to support a continuation of an upward trend signaling a bull market. Full disclosure - I am still learning TA - Any feedback is always appreciated - I am trading on POWR/ETH and placing orders based on my TA, however, if you do have any doubts in regards my chart, rationale and that fact that I am still learning the craft; please do not buy or sell based on my analysis alone. I would urge you to also look at more experienced members charts before making a decision. Thank you for taking the time to look at my idea.
Long
by SoCr