It looks like Power Ledger is getting ready for a very big move to the upside. The current chart very much reminds me of when Cardano ( ADA ) was just released. I know similar patterns don’t mean similar success, but it’s a good indication.
The chart below is Cardano in November 2017. As you can see, the pattern is almost identical to Power Ledger right now.
If we break out, the first target might be around the 0.00016780-levels, which is a 170% move from where we are now and the 0.618-fibo extension of the current price range.
Looking at the project itself, I think it’s very much undervalued right now. If you want to trade this long-term, I think 170% upside is just the beginning of a bigger move.
Price might also break down from here, to accumulate for a while before moving up.
Expecting a bigass candle to God pretty soon.
Breaking out of the structure - breaking the trendline - will mean new ATH's: