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PowerLedger/Bitcoin (POWR/BTC) Bounces Off Channel Support

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%)

Ripple Coiling in the Short-term Against Bitcoin and US Dollar

As Bitcoin Stalls, Altcoins Moon