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POWRBTC trade ideas

POWRBTC BITTREXPOWR heading back down to test support at the 3100sat level for the third time. It is forming a descending triangle pattern which usually is a bearish sign. However if this support level holds for the third time it will form a triple bottom which is a strong reversal sign and we may see a decent bounce and a break out of the triangle. My ultimate entry for a POWR long hold is the 3k area but if it looks like this support is going to hold again I will look for an entry once confirmed. If it breaks down here then the next key support level is a weekly at around 2950sats. Watching closely.
Long
by JB110011
2
POWRBTC BITTREXAfter breaking out of the long term weekly downtrend, POWR has started to create new market structure with a higher high and higher low. It has now pulled back to a weekly support level which has been respected multiple times. If this support level can hold, we may see a strong bullish move back to test the previous structure around 5300 mark or even the most recent high at around 6200. If we break down here we will see powr head down to find support. The next key support level is a weekly support around 2950. This is also the lowest level that POWR has seen since being listed on bittrex. With it's strong fundamentals it could be a good time to fill your bags for a mid to long term hold if we can hold this support level. If we break I will be looking for another entry around 2950 for a mid to long term hold.
Long
by JB110011
$1k to $100k Challenge - Day 13 Trade #21 - POWRHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. The first week, I made a few mistakes that cost me. Being greedy never pays off. Last 9 trades: 7 wins 2 loss After 12 days and 19 trades: Wins: 12 Loss: 7 Balance: 0.1878 B USD: $ 1551 There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead please limit your trades to less than 3-5% of your portfolio. Please trade smart. Alright, here we go with Day 13 trade #21 I invested 0.0878 B into POWR. I bought 2187 @ 4009 satoshi Sell target is: 4210 for 5% profit Stop loss: 3818 I will be laddering my sell targets to protect profit. POWR has good support at this price level dating back to May. This seems to be a common bounce zone and a good spot for trade entry IMO. RSI bouncing up from oversold, CCI trying to turn positive and the MACD has crossed over and gaining momentum. In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
Long
by redking75
12
Powr\btc target on this uptrend 4700POWR did found support on the 200bb support lines, should test the ema in the bollinger bands on this up momemtum. RSI also looking ready for this run. Target: 4700 Entry : 3900 Stoploss: 3700 EasyX Community: -Want to learn more about Technical Analysis and to become a better trader? -We are a Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned. -We believe in sharing knowledge and learning from each other is the strength of success. -Gladly join the Discord Community - You are welcome :) - discord.gg -
Long
by Porshy
PowerLedger 30%+ Profits OpportunityPower seems in a process of H&S formation. If it can close above the 23.6% fib level support if will rebounce atleast to the 50% fib level resistance level. Further updates will be available but if it closes above 3879 sats Buy Zone : 3870 sats - 4000 sats Short Term Targets : Target 1 : 4475 sats Target 2 : 4957 sats If breaks resistance at 4957 sats Target 3 : 5439 sats Target 4 : 6126 sats Further studies will be updated soon. With Regards. Team TWA.
Long
by cryptotalk_et