The reason why I say this are the following:
1) The price has formed a reverse (since the end of November, shown in yellow), with the neckline at around 7500 satoshi, which is currently being tested).
2) There is a symmetrical triangle (shown in the chart) which appears to have been broken upwards.
3) The is turning (positive).
4) The shows a strong move by exceeding 200 (which it already did a few days ago), and a weak retracement inside the -100 +100 bands.
I have set a limit buy order at around 7200 satoshi (which is the 50% Fib. retracement measured from the ATH and the ATL).
I also have set a stop limit order 8350, which is just above the previous local high of Dec. 21.
My first target is 11700, and my second target is at 17400 satoshi.
I fundamentally love the idea of trading electricity with peers behind Power Ledger, in a world that is evolving towards the use of renewable energy. For this reason, it is one of my long term investments:
I will keep most of my POWR for the long run, but I'll sell parts of my stack in the run ups and buy the dips.
This is not financial advice, this is just my opinion. Any comment is appreciated.