Power Ledger Is Breaking Higher – Elliott wave Crypto Analysis

Intermediate

As expected, Power Ledger is nicely breaking higher, so it should be bullish confirmed now. It can be trading within wave 3 and looking at the daily chart, there’s room for more upside towards 0.15-0.17 area.

POWRUSD, Daily

4h powrusd jan 17

On the 4-hour chart we can see a five-wave rally into a blue wave »i« of a higher degree in progress, so be aware of more upside, but watch out for intraday corrections. We remain bullish as long as price keeps trading above 0.061 invalidation area.

POWRUSD, 4h

daily power

Gregor Horvat

Elliot Wave Technical Analyst

Gregor Horvat is based in Slovenia and has been in the Forex market since 2003. He has been working for Capital Forex Group and TheLFB.com.

He is the owner of www.ew-forecast.com, which prov...continued

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