$POWERLEDGER Fractal Analysis
Welcome Back My Fellow Apostles!
Today the coin of discussion is the mighty PowerLedger.
As the harsh bear market drags on more and more crypto's are beginning to provide low risk set ups.
If you take a look at this chart of POWR, we can very clearly see a repeating fractal pattern playing out inside the market.
Taking a look at the first fractal we see a breakout, followed by a hype cycle, and completed by and ABC retrace back to the trend line.
Now, if we take a closer look at the current fractal playing out, we can see that the resemblance is near identical to the first.
Once prices broke out of descending resistance, we see a new hype cycle start in its place.
This new Hype Cycle is then followed by a long and slow ABC retrace back to the original trend line.
As of right now, we had our first tell tell signs that another Hype Cycle will proceed the previous two with the breakout we just witnessed.
Buying the original trend line is always the best risk to reward when it comes to these altcoins because they tend to retrace drastically.
With this current breakout I see a new market cycle starting, followed by a new Hype Cycle.
As always, Have a very blessed day!
It's been prophesied ;)
Today the coin of discussion is the mighty PowerLedger.
As the harsh bear market drags on more and more crypto's are beginning to provide low risk set ups.
If you take a look at this chart of POWR, we can very clearly see a repeating fractal pattern playing out inside the market.
Taking a look at the first fractal we see a breakout, followed by a hype cycle, and completed by and ABC retrace back to the trend line.
Now, if we take a closer look at the current fractal playing out, we can see that the resemblance is near identical to the first.
Once prices broke out of descending resistance, we see a new hype cycle start in its place.
This new Hype Cycle is then followed by a long and slow ABC retrace back to the original trend line.
As of right now, we had our first tell tell signs that another Hype Cycle will proceed the previous two with the breakout we just witnessed.
Buying the original trend line is always the best risk to reward when it comes to these altcoins because they tend to retrace drastically.
With this current breakout I see a new market cycle starting, followed by a new Hype Cycle.
As always, Have a very blessed day!
It's been prophesied ;)
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