My previous thoughts on this trade are saved here :
The big purple lines are the edge of a big bullish Pennant. Everything looked bullish and promising for POWR, but the BTC peak killed it. Furthermore we got the wrong signals and the price dropped even further.
Apperently we see a small recovery due to a small BTC correction.
We peaked hard through the small green triangle and broked the resistance line of the big purple triangle, which is now our support level.
We created now a bigger red triangle and if we are able to break through this one, we have the power to go through the purple triangle too. Then we should have a strong signal for a lot of traders.
Nevertheless you should be cautious. Everything depends again on BTC, if its stay stable for some days, if it will peak or dip.
The big purple lines are the edge of a big bullish Pennant. Everything looked bullish and promising for POWR, but the BTC peak killed it. Furthermore we got the wrong signals and the price dropped even further.
Apperently we see a small recovery due to a small BTC correction.
We peaked hard through the small green triangle and broked the resistance line of the big purple triangle, which is now our support level.
We created now a bigger red triangle and if we are able to break through this one, we have the power to go through the purple triangle too. Then we should have a strong signal for a lot of traders.
Nevertheless you should be cautious. Everything depends again on BTC, if its stay stable for some days, if it will peak or dip.