POWR is a project based on energy. It's worth to mention that this "idea" is already working. I wont write about how does it work or if it has any future, because I'm not qualified enough to teach others about energy issues. Simply put, this project is based on "lending your energy to your neighbors". If your home is producing to much energy (maybe it has solar panels), and you dont have any idea what to do with it... well, POWR has, and it allows You to lend/sell it to others. If someone is interested in this idea, I encourage him to read their "White Paper".
POWR is deffinetly for a longterm hold, because projects like this one, needs time to gain value.
From TA point of view is looking quite good. 2nd cyckle has ended (probably, because You can never know 100% that correction is over. It can be consolidating for very long time) and POWR is looking for a breakout from that big "Triangle Formation".
Support trendline is holding strong, and I would be bearish on POWR only if that line would be broken.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
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