This coins is a very promising one, massive support from community and governments (Australia), if you didn't get any you should because it will become massive soon (already did an impressive move).
The down trend wave has just started so the final wave will start soon. A good point to buy back is 0.00005000 BTC . Unfortunately cannot be both with USD but if it does it will explode. I'm a little bit speculating how high the final wave will go since we do not have historical data but from my sources the target is expected to be $1 - $1.30.
The time will tell.
Anyway here we go with two scenarios. By the way I'm still very bullish so I'm in favor of first scenario but I cannot dismiss the second.
We could very well have seen the correction I depicted on second chart. A new cycle should start again.
So far is following exactly the wave line I drown, damn it :)
Very volatile coin, my advice: do not buy above 6100, you can speculate but then be prepared to be burned. My going to watch the show for now.
This could be the end and top of POWR for a while. Bearish engulfing is not the sign I was looking for but here we are having it. Small chance to go upper. I'm holding my coins for now for a higher trade.
It seems that the bearish engulfing is not affecting too much the up trend, we are still bullish but again it needed to slow down a little so it can have a healthy grow up. My targets are still in place: 15000 but I may go as far as 19000 if I see enough volume coming in as was yesterday case.
This is the current situation, pretty gray.
I'm going to close this thread and if it come back I will make a new chart.
Here is my prediction:
Bye the dip, sell the top.
Thanks everybody for likes and contributing to my idea. I'm very happy I could help some of you I hope.