- POWRETH is bounded in the major falling wedge pattern.
- The downtrend swing was bounded in the minor falling wedge pattern.
- Price bounced off the major falling support and brokeout above minor falling wedge resistance.
- Possible retest of the major falling wedge resistance.
BUY ENTRY ⬆️
- Market price.
- Horizontal resistance level...
. POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
. There is a...
Got into powr last night as it was forming a symmetrical triangle with the trend line. Sure enough a breakout happened overnight but it did not quite reach my sell target. It has no retraced and touched the 50% on fibs. Hoping for a bounce here up to my take profit target of 6447.