POWR/BTC Long - between 8% and 30% profits
Actualizado
Powr / Btc is reaching the end of a wedge pattern, and indicators are positive for a breakout to the upside.
- Price is trending towards the upper part of the wedge
- RSI has a good support level and in fact seems to be climbing
- MacD is looking to crossover
A problem for the breakout might be the trading low volume and the current bearish sentiment of the market.
A good entry is probably at a clear sign of a breakout, around 4100 sats.
We would also put a stop loss around 3900 sats.
When breaking out of the wedge,
we might want to wait for a retest to see if it bounces upwards from the diagonal line or goes below it.
We put 4 targets, we can decide the distrubution for ourselves.
However, in this market, we would not wait too long to take profits. We might sell 50% at 8% and the rest later.
If you profited from this trade, we welcome tips at:
- Bitcoin: 1FGtVGU2Ph23j4XtL4ADcqoWBiDnBzaSVf
- Ethereum: 0xdf5D882136D177C8DAb2Cd7dD02D2AD06954276E
- Price is trending towards the upper part of the wedge
- RSI has a good support level and in fact seems to be climbing
- MacD is looking to crossover
A problem for the breakout might be the trading low volume and the current bearish sentiment of the market.
A good entry is probably at a clear sign of a breakout, around 4100 sats.
We would also put a stop loss around 3900 sats.
When breaking out of the wedge,
we might want to wait for a retest to see if it bounces upwards from the diagonal line or goes below it.
We put 4 targets, we can decide the distrubution for ourselves.
However, in this market, we would not wait too long to take profits. We might sell 50% at 8% and the rest later.
If you profited from this trade, we welcome tips at:
- Bitcoin: 1FGtVGU2Ph23j4XtL4ADcqoWBiDnBzaSVf
- Ethereum: 0xdf5D882136D177C8DAb2Cd7dD02D2AD06954276E
Nota
PowerLedger just released an announcement about a new partnership / project. This may provide the push needed to push the Powr price upwards towards our targets.Nota
This trading opportunity might need a little more time to mature. 4100 sats is still our point of entry.Nota
Indicators are looking positive, we will watch this and see if it moves in the days to come.Nota
Broke to the downside of the triangle, trade cancelled.Nota
The technical indicators are looking good. This should be a good buy-in point, between 4300 and 4450 sats.That being said, it is still wise to keep a tight stop loss and keep an eye on Bitcoin price movement.
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