POWRBTC trade ideas
POWER Bullish UptrendStrong bullish momentum building on POWER. There has been good movement on this coin for the past few weeks, however there seems to be strong resistance between 3200-3300 level range. The resistance has existed since about September last year. For the breakout to occur this resistance needs to be broken. A bullish triangle wedge is building for the short term and is like highly likely to go up. Stoich RSI and RSI levels are neutral. Good time for a long trade. Targets to take profits are 2700, 2900, 2950 levels. Stop loss should be around 2350.
POWRBTC a completion of gartleyBy the grace of Allah the most high the previous idea:
generated more than 35 percent profit.
Now the same pattern is showing its continuity and the C to D leg formation is going to start.
The 200MA is already in PRZ to provide firm support for bullish divergence insha Allah.
The targets are defined accordingly plz find on chart.
Regards,
Atif Akbar (moon333)
POWRBTC has entered in buying zoneThe price action has broken the 200MA support and now it has 50 and 100MA supports which seems to be firm insha Allah.
The price line also has retraced between 0.618 to 0.786 fibonacci and entered in buying zone of harmonic pattern this will be a bullish reversal zone insha Allah.
I have defined the targets accordingly plz find on chart.
Regards,
Atif Akbar (moon333)
PowrBtc Potential Buy opportuity (70-250)%Hi guys if we could remember the huge falling wedge on powr which broke out some weeks ago, right now we have major re-test ongoin and I believe this will just be a re-test with bounce, this pave serious Buy opportunity for us to ride the coin upside.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.