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POWRBTC trade ideas

POWR using supportPOWR has started a sideways trend right above the support 3 line. At this point watch for the price to retest any of the support or pivot lines. REMEMBER that previous supports can become resistance. If price closes upwards of these support lines there is a chance for price to fall back down and bounce off these support lines. If price breaks down below a support line the reversal or bounce will likely be around the next support line. If the Pivot line is broken we will be watching for a breakout. Either way IMO This is an excellent price for POWR. The price fell through support 1 and pivot, showing low volume. It retested support 2 after breaking. This tells me that after breaking support two it can break the pivot and support 1 very quickly. If you want to minimize risk watch for confirmations before entering trades!!!!! Good luck to all :) As always, contact me for my telegram group and please follow/like my ideas if agree!
Long
by Priddy23
POWR trade callI have been playing with this one for a few days now but believe we could be heading for an easy pick up here. POWR responds well to rsi over sold indicator and always has a large % bounce of support, it is currently sitting on a heavy line of support how ever there is also a level below around 6200sats. I have filled my bags avg in from 6800 and will continue to buy until around 6200 even though it will break the current trend support there is still a strong horizontal support at 6200 and being so over sold just tells me we are going to bounce and not go down further. Im not expecting a break out from current trend resistance while btc pushes to 12k so i would be taking profits around 8000sats for a cruisey 20%. If prices drop below 6200 support i may drop my bags to pick them up lower at 5500 how ever im not to fussed about holding onto this as its a solid project and i see a good future for it regardless, so i wouldnt stress to much about stop losses for this trade, 6200 is cheap as chips for powr regardless. good luck every body, trade safe.
by Donnybrasco01
POWR longs - trade perspectiveBITTREX:POWRBTC With BTC -0.41% apparently in a bullish trend is time to plan for long positions in alts and also because POWR is one of my favorite and most traded coin. POWR is not at its most attractive price(the best entrance was between 6000 and 6500) but on a long perspective I see it at least 2:1 ratio reward even if you choose to buy in now. When taking long position I use daily time frame when possible because it give me the best preservative for a long position. It seems we are enfolding the starting of the third wave, the RSI sits at around 45 points which supports long trades, giving a lot of room for investors to buy into. DMI is also supporting longs, we don't see yet great volume coming but as we know first wave is all about accumulation and building up for long trades. We know that third wave is usually the longest and can give a very nice reward if both at the right time therefore I'm considering buying up to 10% of my portfolio giving the about comments. Why I said considering, there is still room for correction therefore I'm thoughtful in jumping in without some more signs like bigger volume and a more stable BTC. Be aware that is relative to BTC, it might turn around and go down again. My first target which is already anticipated to be hyped is around 18000 satoshi, why because of the partnership with North America and giving some more good news I can expect hitting higher targets like 21000 or why not 25000 satoshi. Everything is possible in this markets and we need to be prepared for what market is throwing at us. As in any other relative long position I'm planning to hold my position and lock-in some profit on the way up on the third wave. It should be noted that you could potentially sell on a third wave and buy back on the forth wave, which usually I don't do. What instead I do if good news come around I buy smaller position during the forth wave and sell during the fifth wave but that is more of a short term trade rather than long, taking advantage of the market condition at that time. I will keep updating while the market is enfolding the price. This is not financial advice just my own opinion and you should do your own research before investing into this asset.
Long
by pgarret
4
Power Ledger ready for takeoff ?Fundamentals are amazing I have been buying my way into POWR during its initial downtrend from 4000 to 3000 and have advised to clients and students to look into it since the 3000 to 6000 levels back in december. Sold a huge part of it when I said that alt season was over. After the chaos of january, it seems that POWR found itself again, and is ready for a very high reward low risk trade. Bought back the initial position when btc was 6100-6300$ as with all my alts, and now I'm a buyer again, looking to add in case we get a second alt seasons (LTC, ETC, OMG, XRP and few others paved the way) virtual stop loss (meaning I will set an alarm and monitor the reaction) below the blue line. Targets will depend on momentum. Rebuy levels too. It all depends on btc piercing the resistance or not. This is an aggressive buy for a trade, as a TOO bullish btc or simply bearish btc will make powr/btc suffer, so act accordingly. But it is also decent long term investor re-entry Stay frosty
Long
by Nidalas
POWR Update...Long--but watch for the pump fakeSince this correction, my POWR portfolio has taken a punch. They say don't trade corrections, but if you're in you're in. Out the market or in the market. With that said, my POWR position has been slightly more aggressive due to the riskiness I see in its chart. Initially I had a leading diagonal, followed by an ending diagonal (indecision, very wavy). You can also clearly see that POWR Ledger is still inclining . And that's going way back, to November 2017--before the correction. Assuming POWR trades technically, risk/reward doesn't even need putting on the chart. Hence my Long position and slight aggression ;-) --longmoney
Long
by longmoney
5
Way to the Support Level. POWR tokenPOWR token price has recently broken below the 100-Day EMA line. Continuing the falling trend, the stock price will testing the strong support level at 6.5k. MACD is also below the zero centerline, indicating a bearish trend. The RSI indicator indicates that the token is near oversold territory on price charts. Currently the RSI is at 28 indicating the oversold area. However, the signals from RSI and Bollinger bands are strong, hence the token price is likely to remain below 20 day moving average resistance line.
by LudwigStirner
Power Ledger (POWR) - Profiting Off The Unconventional [Feb2018]INTERPRETATIONS BINANCE:POWRBTC is an ambitious project that democratizes power and electricity. Although promising in its future success, the project will not likely begin to yield significant progress and contribution until there is stability and universal acceptance of cryptocurrency as a whole. Despite POWR's secondary/tertiary stance & inability to provide in the short-term, its foundation and future promise will help keep the project relevant and competitive. This delivers opportunity for investors to enter a position with lowered risk. BUY SIGNALS -Pitchfork support test -RSI heading upward -Green cloud buying pressure CAUTIONS & CONFIRMATIONS -Double bottom possibility enforces upward momentum -T&K cross to be tested -Price-Cloud Bear entry (awaiting price to reverse w/successful challenge or outbreak below) POSITIONS Entry @ 8020
by FILOVIRUS
5