Just two days ago, I shared a trade for PowerLedger (POWRBTC), it is good to see that it is moving already and generating great profits. The charts are looking really beautiful, and much resistance has been taken out.
Let's take a look at POWRBTC on the daily time frame:
I am looking at it from afar... It's been 377 days since POWRBTC hit its all time high. Pure bear market all this time.
After much retrace, POWRBTC finally hit a low point on the 21st November, before that, we see some really high volume bars, signaling that a low or bottom will be coming soon.
Now, after this low was hit, POWRBTC is breaking out.
We can see a break above EMA10, EMA50 and EMA100. When these moving average lines are above the candles, they can become very strong resistance. These are all being taking out now, a strong bullish signal.
The RSI is bullish.
There is a bullish crossover on the MACD.
Weekly time frame confirms additional bullish action possible and expected.
Keep an eye out for PowerLeger, it will do great numbers... Mark my word... Hit like if you enjoyed this post.
Namaste.
VICTORY 2019
Victory for me... I am sure I can win. Victory for all... Humanity is gold.
Victory can happen... If you persist. Victory for LIFE in 2019.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.