MichaelvandePoppe

POWR 25 December 2017 Short Term Trade

BITTREX:POWRBTC   PowerLedger / Bitcoin
General info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave , RSI is turning up above 50 as well and the MACD stays positive.

Sidenote: Lot of new info for POWR coming in Q1 2018.

Scenarios:
1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle.
2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support.
3 - After Leg D, we'll break the resistance of the triangle and go on.

Targets if we break resistance:
First Target: 8K sats            
Second Target: 9.5K sats            
Third Target: 10.6K sats            

If we drop down, we'll fall back to 6K sats             to test that support.
Hey guys, it went for route E, as Bitcoin decided to change all the levels of the altcoins. Please check here for the latest update: https://twitter.com/MNPoppe/status/946466473698103299
Balas
What do you advise now?
+1 Balas
? So what's up?
fake?
+1 Balas
You nailed this, although I'd prefer it went in the other direction.
What are your thoughts now?
+1 Balas
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