fittsjk

POWR - Approaching Critical Trendline

BITTREX:POWRBTC   PowerLedger / Bitcoin
POWR             appears to be approaching a key resistance of its general downward trend. Two scenarios I'm looking at are a possible breakout to the 0.5 Fib level (0.00007321), which could represent an end to the downtrend, or a rejection that retraces at least to the current key support (~0.00006), in keeping with the current trend.

If POWR             breaks bearish , there's a possibility that it retraces as far as the 0.236 Fib level (~0.00005).

Sideways consolidation is possible if we haven't yet hit the upper resistance of the downward channel , but I find that unlikely given our 4 Hour MACD . I don't think such a tight range is sustainable, and I believe that our next major move will be bearish , towards the 0.236 Fib.

DYOR, TNFA, etc. but I'm setting my buy orders between 0.00005000 and 0.00005640, with my targets around the 0.5 Fib level.

The Crypto Lark (https://www.youtube.com/user/larksongbird01) is hosting an interview with Power Ledger Managing Director David Martin this week, on the FA side of things.

Cheers!
Komen: The aforementioned video: https://www.youtube.com/watch?v=0okphE5QCSk

Power Ledger will not only be fore house-to-house/community-to-community power transfer. It will be an exchange platform upon which anyone can invest in sustainable energy.
Komen: Looks like we're on track to hit the trendline in < 8 hours.
Komen: We just touched the top of the potential buy zone.
Komen: We just met and passed below the middle of the potential buy zone.

I'm looking to target a retest of the 0.5 Fib level sometime between now and Dec 8.
Powr is intersting coin.
long term investment coin??
2018 Most anticipated coin...
Do you agree??
I hope so... 30$
Balas
what do you think about powerledger now? I bought some at 6500 level. Is it a good time to buy in more or stop loss?
Balas
On the money so far...
Balas
I'm not sure what else POWR can announce to make the price surge again?
Balas
fittsjk Cortex7
@Cortex7, It's possible that POWR becomes like NEM (XEM) --unbelievably rock solid in all departments, more on the ball than 99% of the competition, and still grossly undervalued/impervious to their own good news. That being said, I have to believe such states are only temporary. The partnerships and APV (actual product value) will eventually win out over hype. POWR has no competition on their level --not even close.
Balas
You think it will go down more before it will shoot up?
Balas
fittsjk Avethist
@Avethist, Prepare for both scenarios. I find sideways consolidation unlikely, but nothing is impossible in crypto.
Balas
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