POWERLEDGER - POWR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	POWRUSDT
ISIN:

POWERLEDGER - POWR/USDT - Daily - Technical analysis published on 01/03/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.439823 USDT

My targets

0.600314 USDT (+17.56%)

0.625000 USDT (+22.39%)

My analysis

POWER LEDGER - POWR/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.439823 USDT. The next resistance located at 0.600314 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.625000 USDT. After this resistance, buyers could then target 0.792300 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The POWER LEDGER - POWR/USDT price is 0.510645 USDT. On the day, this instrument gained +40.99% with the lowest point at 0.290436 USDT and the highest point at 0.513231 USDT. The deviation from the price is +75.82% for the low point and -0.50% for the high point.

0.290436

0.513231

0.510645

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of POWER LEDGER - POWR/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.364095	0.410000	0.501700	0.510645	0.625000	0.792300
Change (%)	-28.70%	-19.71%	-1.75%	-	+22.39%	+55.16%
Change	-0.146550	-0.100645	-0.008945	-	+0.114355	+0.281655
Level	Minor	Major	Minor	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.314156	0.334081	0.348139	0.368064	0.382122	0.402047	0.416105
Camarilla	0.352851	0.355966	0.359081	0.362196	0.365311	0.368426	0.371541
Woodie	0.311222	0.332614	0.345205	0.366597	0.379188	0.400580	0.413171
Fibonacci	0.334081	0.347063	0.355083	0.368064	0.381046	0.389066	0.402047

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.291122	0.324116	0.357807	0.390801	0.424492	0.457486	0.491177
Camarilla	0.373161	0.379273	0.385386	0.391499	0.397612	0.403725	0.409837
Woodie	0.291472	0.324290	0.358157	0.390975	0.424842	0.457660	0.491527
Fibonacci	0.324116	0.349589	0.365327	0.390801	0.416274	0.432012	0.457486

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.118841	0.191072	0.279332	0.351563	0.439823	0.512054	0.600314
Camarilla	0.323457	0.338169	0.352880	0.367592	0.382304	0.397015	0.411727
Woodie	0.126856	0.195079	0.287347	0.355570	0.447838	0.516061	0.608329
Fibonacci	0.191072	0.252380	0.290255	0.351563	0.412871	0.450746	0.512054

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.28
MACD (12,26,9):	0.0213
Directional Movement:	23.502068
AROON (14):	0
DEMA (21):	0.414284
Parabolic SAR (0,02-0,02-0,2):	0.348237
Elder Ray (13):	0.006400
Super Trend (3,10):	0.323830
Zig ZAG (10):	0.495871
VORTEX (21):	0.8811
Stochastique (14,3,5):	45.39
TEMA (21):	0.413381
Williams %R (14):	-7.12
Chande Momentum Oscillator (20):	0.128802
Repulse (5,40,3):	39.1095
ROCnROLL:	1
TRIX (15,9):	0.8373
Courbe Coppock:	19.41

MA7:	0.401362
MA20:	0.382846
MA50:	0.335449
MA100:	0.268413
MAexp7:	0.407314
MAexp20:	0.384643
MAexp50:	0.341022
MAexp100:	0.289799
Price / MA7:	+27.23%
Price / MA20:	+33.38%
Price / MA50:	+52.23%
Price / MA100:	+90.25%
Price / MAexp7:	+25.37%
Price / MAexp20:	+32.76%
Price / MAexp50:	+49.74%
Price / MAexp100:	+76.21%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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