Hi everyone! This is my first post. I am not trying to look like a pro trader, just want to share my thoughts and show some basic TA. If I made a mistake or there is something wrong with the analysis, please let me know!!
A lot of Alts are pumping good %, and we have to take advantage of those pumps to earn short term gains so we can buy even more Alts when there is a correction, preparing for the major bull run coming soon.
Here we have Power Ledger on Binance (POWR/BTC). As you may know, Power Ledger is a peer-to-peer marketplace for renewable energy. It is a similar project to WePower (WPR). It's a very ambitious project, but it do solves a world wide problem of getting cheap renewable energy, even better, some of the providers are the same homeowners that have spare energy in their homes, solar for example.
The daily chart can show us very bullish signals:
- Broke major down trendline since the January Highs
- Volume increase since mid March
- RSI Bullish Divergence
- Making higher lows
On a shorter timeframe, the 1H chart, it also broke resistance, it became support and already tested the new support. It does need way more volume to finally start the bull run.
