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Powerledger

Bullish Divergence on Power Ledger - Feedback pleaseHi. I am completely new to technical analysis and have been learning from other members of the community. This is the first Idea that I have published. I believe that the MACD, RSI, forming of a wedge and trend lines are indicating bullish divergence on Power Ledger. I am really looking for feedback to see if I am doing this correctly. Any thoughts or advice would be greatly appreciated. Happy new year. I hope 2018 brings everyone reading this good health, happiness and prosperity.
Long
by SoCr
5
Bullish trend for POWR ahead! (35%-120% Profit)As you can see it broke the wedge yesterday, from that point onward, support is continuously increasing. It's going to have bullish trend for upcoming days. Trading: Buy range: 7000-7400 (In you want to get in now) Sell Target 1: 7900 Stoshi (Short-Term) Sell Target 2: 9900 Stoshi Sell Target 3: 11,280 Stoshi Stop Loss: 6300 Stoshi Warning: This is just my point of view. This might or might not be true. You can set your limits accordingly. I don't want you to jump in blindly. DYOR and only get in if you are satisfied with it. Make sure you keep an eye on BitCoin price as well. Anyway POWR is a good project with solid team. It's a good long-term hold (Around 3-8 months) and it can give upto 700% return.
Long
by boomboom1212
POWR/BTC - Reverse head & shoulders + Symmetrical trianglePOWR/BTC is looking extremely bullish in my opinion in the 4h chart. The reason why I say this are the following: 1) The price has formed a reverse head and shoulders (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 MACD is turning bullish (positive). 4) The CCI 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.
Long
by Andratos95
Powerledger 29 December 2017$POWR Potential breakout happening right now! But.. RSI is in pretty high zone, so we might see a drop down as well. Scenario 1: Breakout, retest of support line and then straight to 1st target zone around 8K sats. Scenario 2: Can't breakout, in that case we'll drop back to the top green box and try again. Scenario 3: Can't breakout in both cases, then we'll fall back to 5500 zone and try again in the new year. Good luck trading! If we can't make the breakouts, put your stop/loss just below the green boxes.
by CryptoMichNL
5
Power Ledger - Symmetrical Triangle, buy opportunityAfter experiencing a flash crash on Dec. 21, POWR/BTC looks like it is building a symmetrical triangle pattern. The 100-periods SMA (in the 2h chart, in blue) has offered support, following the lower side of the triangle. The 50-periods SMA (in orange) looks like it is going to meet the price at 0.00006600 BTC. I believe price will bounce on that level before breaking the upper side of the triangle. I also believe the price will go to 0.00007500 BTC, then find support on previous resistance (the upper side of the symmetrical triangle), before shooting up to my target, around 0.00012000 BTC. On the upper left corner I drew a typical formation of this bullish pattern, to emphasize the similarity between the chart and the "theory". The ADX and DMI allow for the start of a new uptrend. The stochastic RSI is what makes me believe we'll have a little correction at 0.00007500 BTC. This is anyway a risky trade. The price of BTC looks like it doesn't know exactly where to go, and this indecision makes the whole market very volatile and rather unpredictable. For whom likes to buy on dips, I suggest a limit buy at 0.00006600 BTC, with a stop loss at 0.00004980 BTC (this because if price falls, 0.00005000 BTC will be big buy wall, since it is an even number, and it is below the lows of Dec. 19 and 22). On the other hand, if you want to play it safer, I think you have 2 strategies, based on what'll happen: 1) If price breaks up the triangle, hits some value around 7500 satoshi, then corrects (without re-entering the triangle), I'd set a stop buy just above the 7500 satoshi level. 2) To get even less risky, but also less reward, you could set a stop buy order above the high on Dec. 20, at around 0.00008050 BTC. My target is around 12000 satoshi. I repeat that this trade is riskier than normal because right now the market is very volatile. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95