First of all, What is POWR?
"Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.
The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time. A user simply receives a registration email from their Application Host, they click on a link which takes them to the Power Ledger platform where they create a userid and password. That’s it, once logged in they can see their electricity usage and all their P2P trading transaction details." source : Powerledger.io
Lets get straight to why we should be looking at trading POWR.
Fundamentals :
At this moment, POWR is currently one of the semi-finalists in the 2018 Extreme Tech Challenge which is based in Las Vegas, the finalists will be announced in approximately 9 days from now. Should POWR be one of the finalists, the top 3 finalists will have the chance to present in front of the judges that are lead by non other than Richard Branson.
This coin is still at it's early stages yet it's showing so many good signs that this could be a huge thing in 2018 and 2019.
Technical :
First let's look at the MACD, the 1h chart is telling us that the MACD is crossing.
the RSI has been trending upwards
BB is squeezing giving us even a better indication that a break-out is going to happen.
Break-out point : 7000
Buy in zone : 6000 - 6950
Stop loss : 5800 - 5900 (REMEMBER TO ALWAYS SET YOUR STOP-LOSS)
Feel free to set your own stop-loss that satisfy your needs, base it on your entry level, how long you're looking to hold for and what is your target level.
Targets :
7800
8600
9300
10430
11700
(more to come later)
Good luck!
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