Power Ledger (POWRBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Power Ledger began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Power Ledger should be heading next towards the January 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Power Ledger is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Power Ledger is a peer-to-peer marketplace for renewable energy. Here is the official introduction video.
(Sources: https://powerledger.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Power Ledger will takeout the January 4 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Power Ledger will drop below the December 8, 2017 low".
If you think Power Ledger is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Power Ledger will stay in a trading range between the December 8, 2017 low and the January 4 peak until March 19".
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