POWR, short term version.
Seems to be making an ascending triangle, RSI is turning above 50 as well, indicating that leg C is done, going to leg D. Made two small breakouts as well, so that’s great. MACD will become positive within an hour, wouldn’t be surprised if we see this pattern and break out of it tomorrow.
Scenarios:
- You can swing the legs.
- Buy the breakout after leg E (or perhaps earlier if it breaks horizontal line)
- If we fall out, start accumulating around 5000 sats (first bounce probably there, could be around 5400, but that’s more risky)
Good luck!
Seems to be making an ascending triangle, RSI is turning above 50 as well, indicating that leg C is done, going to leg D. Made two small breakouts as well, so that’s great. MACD will become positive within an hour, wouldn’t be surprised if we see this pattern and break out of it tomorrow.
Scenarios:
- You can swing the legs.
- Buy the breakout after leg E (or perhaps earlier if it breaks horizontal line)
- If we fall out, start accumulating around 5000 sats (first bounce probably there, could be around 5400, but that’s more risky)
Good luck!