Power Ledger (POWR): MACD & Price Very Similar to Bitcoin!!

SUMMARY

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Power Ledger (POWR) looks very similar to Bitcoin (BTC). Why? Because sentiment between the two is quite uniform. In other words, many who hold BTC must also be holding POWR.

There is likely a nested 1,2 scenario going on. The blue waves 1,2 are nesting the white waves 1,2. Note that the white 1,2 are subwaves to the blue 3; and so being of lesser degree of trend than blue 1,2; they are nested.

I'm just so impressed by the MACD indicator. Note how there is almost zero room for it to move either up or down. Look how close it is to the apex. Let's give it time to marinate and await the what could be an explosive breakout.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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