Long-term trend is still intact. Price testing then crossed the 20 EMA . There is confluence between the RSI , MACD price action, however there is divergence in relation to the long-term trendline which remains bullish . I am waiting to see if the price action tests or breaks support at the 0.786 (0.00085436) Fib retracement level and will act accordingly.
Full...
Rising wedge with divergence on the RSI. 150 MA has crossed over the 200 MA. Both 50 and 150 MAs are now on an upward slope. Price action has surpassed the 200 MA. Fib trend extension - Support held at 0.382 (0.00081491) POWR appears to have found support at 0.5 (0.00083297), whether this will hold is still yet to be seen, and has tested resistance at 0.618...
Power Ledger is one of 10 semi-finalists in the 2018 Extreme Tech Challenge in Las Vegas which the results from the challenge will be posted today. POWR has at least two confirmed events while in Vegas from the 9th-11th. POWR has consolidated and hasn't dropped bellow its recent support that it previously met in the past. Just keep an eye out as the day goes by...
