3 THINGS WE NEED TO SEE BEFORE WE POWER UP
1. It seems like POWR is done retracing from the most recent run up, to about 0.00008025, between the 61.8 and 78.6 Fibo levels. Now, we need to see higher highs and higher lows to confirm.
2. The MA (50) is acting as a pretty strong resistance. We want to see a break above that.
3. The price has been trailing in the lower Bollinger Bands, gathering more downward momentum. We want to see it trading in the upper Bollinger Bands, for a higher probability of breaking above the short term downtrend line.
**This is just me learning stuff. Feel free to share your thoughts with me. I'd love to learn more.
1. It seems like POWR is done retracing from the most recent run up, to about 0.00008025, between the 61.8 and 78.6 Fibo levels. Now, we need to see higher highs and higher lows to confirm.
2. The MA (50) is acting as a pretty strong resistance. We want to see a break above that.
3. The price has been trailing in the lower Bollinger Bands, gathering more downward momentum. We want to see it trading in the upper Bollinger Bands, for a higher probability of breaking above the short term downtrend line.
**This is just me learning stuff. Feel free to share your thoughts with me. I'd love to learn more.