General info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave, RSI is turning up above 50 as well and the MACD stays positive.
Sidenote: Lot of new info for POWR coming in Q1 2018.
Scenarios:
1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle.
2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support.
3 - After Leg D, we'll break the resistance of the triangle and go on.
Targets if we break resistance:
First Target: 8K sats
Second Target: 9.5K sats
Third Target: 10.6K sats
If we drop down, we'll fall back to 6K sats to test that support.
Sidenote: Lot of new info for POWR coming in Q1 2018.
Scenarios:
1 - Hit Leg D, make a small drop down and after that upmove out of the symmetric triangle.
2 - Hit Leg D, drop down to leg E, not finding enough support/volume and falling out of the uptrend line and losing this support.
3 - After Leg D, we'll break the resistance of the triangle and go on.
Targets if we break resistance:
First Target: 8K sats
Second Target: 9.5K sats
Third Target: 10.6K sats
If we drop down, we'll fall back to 6K sats to test that support.