POWER LEDGER - POWRBTC - Great coin about to break up!

armidinho (25)in #bitcoin • 7 years ago

POWR has strong fundamentals, as there aren't many coins like them. They have a great team with an active passionate CEO. Should have a strong future... but it may take time to realise their full potential.

The correction could be complete. Wave E possibly done so time for an impulse?

There is significant resistance at 12k sats. This should become a good support for Wave 2.

My target for wave 1 would be 13k sats...

The main risk is that correction isn't complete, and 12k resistance won't be broken easily... then it'll take longer.

Upvote if you agree or like this post please.

Happy trading and DOYR!

#money #powerledger #cryptocurrency #powr

7 years ago in #bitcoin by armidinho (25)

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armidinho (25) 7 years ago (edited)

UPDATE: Correction pattern has changed to a downward sloping flag. Next impulse likely to only start around 28 January. Of note is that this corrective pattern takes POWR closer to the 0.618 fib retracement level.