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Power Ledger / Bitcoin

Short term levels for POWR

By skyzolee
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POWR has been really strong on this bull break, waiting a higher low to form, I think the 430 area could be the support for the next leg up, it will form a pretty large bull flag, as for the target it's difficult to establish one since this strenght can't last forever.
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snapshot
still dropping to find support, it corrected 20% since the high.
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tradingview.com/x/AIkyEfuj/waiting for a higher low from here
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as long as we are above .450 we are in a good position for another leg up
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snapshot
getting close to my target, need confirmation but I think we are entering a buy zone.
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snapshot target reached
still in formation of this large bull flag, there is no volume since consolidation wich is good.
We jumped from 410 to 515 when we were on the low of the buy zone, all of this confirms that there is an upside movement coming for POWR.
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trying to establish a sell target by using TA but it gives me something like 0.000125 that would mean a 300% gain... that seems a little bit exuberant but I'm not rejecting the idea.
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snapshot
looking to add some position, waiting for a higher low to form compared to .410, it will probably be in the 440/430 area.
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snapshot Target reached for the higher low, there will be resistance around .480 area I will add some positions if we break up off the triangle.
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snapshot still waiting for the bull flag to break up to add my last position, sell target is around the 700 area but looking at a larger time frame and I can see that POWR actually broke a very long and large descending wedge wich is a bullish pattern and that could take us to .00012 mid term but I will exit at .00007 anyway.
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snapshot looking good here, if BTC doesn't fail this rally, POWR shouldn't fail either and we can expect a run towards 700.
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snapshot not too worried about this fail cause I think alts will catch up with btc later, I marked on the chart the moment BTC started rallying last time. I would still recommand using stop loss obviously, around 430.
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***the right chart sorry*** snapshot
Chart PatternsPOWRBTCTrend Analysis

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