Grusch

Power Ledger

Long
Grusch Updated   
BITTREX:POWRBTC   PowerLedger / Bitcoin
When will we find the reversal that starts the 5th wave?
Comment:
Power Ledger could be in the 4th Elliot Wave, but where will it find a strong support?
The price just fell below Fib 0.5 where it found a bit of a support and a reverse head shoulder pattern formed.
The next support line is just above Fib 0.236, here POWR found resistance as well as support lines in the past.
Comment:
Comment:
Powr is forming a falling wedge, may broke out earlier than Fib 0.236?

RSI clearly states undersold
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.