With the current state of cryptoland, this coin should get a decent pump! Fundamentally solid, and with a sligly undervalued marketcap I believe.
Fundamental
So yesterday we got some good news from PowerLedger. Thai-Government backed BCPG agreement! That's substansial and should increase the hype. It's a new coin, and there is a lot of speculation money flying around now. That's what I think could equal increasing demand for the short term.
POWR is a little difficult to fundamentally judge. It's very techie. However, I like the team and it definetly looks like they are doing a lot of work and have some important connections. That's enough for me to invest for the short-mid term. I see a good risk/reward ratio. But I would recommend small percentage of portfolio.
Technical
You may know that I don't like to draw on BTC parings. If there is no USD pair I tend to go much more on the fundamentals. However, I have added on some fib levels to where I think we could face some resistance. And the pitchfork is always nice to follow for support levels. My target for this trade is around 16900 SAT.
I have added it to my Portfolio-Spreadsheet. Where you can follow what changes I make in my hodlings.
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I get PM's wondering if I pump coins now, lol! Maybe I got some whale followers.
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Powerledger looking good today! I am looking for bigger increases, but it's always smart to lock in profits.
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Still bullish on Pwerledger! :)
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That didnt take a week! Nice surprise :)
PowerLedger is closing in on my target, and I think the likelyhood of it hitting is relatively high!
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So wrong can you be! Ohwell, let's have a look again :)
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Bailing on POWR. Sold at 0.581 USD, with a negative -46.7%.
Selling out the majority of my coins today, as I see signs for a sideways market until summer or so. Hodling on to Ripple, Bitcoin, Peerplays & Unikoin :)
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