POWR/BTC Short Term
Power Ledger broke out of the big downtrend channel on the 12th (see my previous post), traded sideways for a few days and just completed an Elliott impulse wave with correction which in itself is part of an even bigger Elliott wave structure. If it breaks the resistance level at 6048 Satoshi (which may happen within this hour; volume so far looks high and the candle is long), chances are we'll visit 10000+ within a few days. The uptrend will most likely consist of 5 smaller waves like was the case last time.
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