“Most recently, POWR is respecting formations with a great accuracy. Previously, we had two wedges (blue and red) and both of them resulted with a textbook drop. The price closing a day above the orange area will be a nice signal, so stay sharp!”
Why do we analyse this coin again today? Well, today I chose only best performing instruments on this market and the POWR is going up almost 9%. This is not the best score in the crypto world but for sure can be eye catching, especially as it was anticipated by us a week ago. So what happened? The price broke the upper line of the flag and in the same time a neckline (black) as the Power Ledger formed an inverse head and shoulders pattern too. Breakout gave a boost to the buyers and the price broke the horizontal resistance around the 0.37 USD.

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