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Power Ledger (POWR) looks very similar to Bitcoin (BTC). Why? Because sentiment between the two is quite uniform. In other words, many who hold BTC must also be holding POWR.
There is likely a nested 1,2 scenario going on. The blue waves 1,2 are nesting the white waves 1,2. Note that the white 1,2 are subwaves to the blue 3; and so being of lesser degree of trend than blue 1,2; they are nested.
I'm just so impressed by the MACD indicator. Note how there is almost zero room for it to move either up or down. Look how close it is to the apex. Let's give it time to marinate and await the what could be an explosive breakout.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?