POWRBTC
appears to be attempting breakout on the hourly after forming an ascending triangle over the last two days. Many, myself included, have been disappointed with the performance of this promising crypto but the journey for POWR is just beginning and now is the best time for accumulation. Currently there is moving average congestion and Bollinger Bands are bullish. Breakout here may see POWR rally to .00004500 - .00005250 price levels over the next few days. This is a set up for a long term trade. Waiting for this hourly candle to close for confirmation.
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POWR is going. Breakout confirmed and more juice left in this one
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Here we go! TP1 5250
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I suggest using a discretionary trailing stop* for TP targets
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s3.amazonaws.com/tra...shots/p/PCBEBi5I.png
Disclaimer: I do not advise the use of 1min charts
Perfect Elliot impulse wave and correction wave on POWR 1min (micro), implies possible completion of 1st and 2nd wave in larger cycle (and is damn beautiful to look at...) If uptrend continues next wave will be the 3rd wave in the subminuette cycle and likely very powerful.
Disclaimer: I do not advise the use of 1min charts
Perfect Elliot impulse wave and correction wave on POWR 1min (micro), implies possible completion of 1st and 2nd wave in larger cycle (and is damn beautiful to look at...) If uptrend continues next wave will be the 3rd wave in the subminuette cycle and likely very powerful.
