Powerledger (POWR) can hit the resistance of channel
Hi friends, hope you are well and welcome to the new update on Powerledger (POWR)
Big channel:
On a weekly time frame, price action is moving in an up channel. Recently Powr has also tested the support of weekly EMA 21 and bounced well. There is a $70 resistance, if the priceline of POWER breaks out this resistance then the next move can be at least up to the resistance of this channel.
Broke out wedge:
On a 4-hr time frame, POWER has broken out a falling wedge pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Big channel:
On a weekly time frame, price action is moving in an up channel. Recently Powr has also tested the support of weekly EMA 21 and bounced well. There is a $70 resistance, if the priceline of POWER breaks out this resistance then the next move can be at least up to the resistance of this channel.
Broke out wedge:
On a 4-hr time frame, POWER has broken out a falling wedge pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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