Earlier on in the month, POWR/BTC bled along with most altcoins against the surging the bitcoin. For the past week, altcoins in general have been making a come back.
- Looking at the 1H chart, we can see that price of POWR has stabilized against BTC.
- There is a rising channel, and the most recent dip during the 12/15 session found buyers at this channel support.
- It looks like POWR/BTC will be gearing up for another push towards 5000 satoshis.
Trade Idea with Reward to Risk:
- Entry: 3660
- Stop: 3200 (-12.57%)
- Target 1) 4500 (+22.95%)
- Target 2) 5000 (+36.61%)
- Target 3) 6000 (+63.93%)