Technical analysis by minno91 about Symbol POWR: Buy recommendation (7/22/2024)

I’m feeling bullish about this week for crypto, and POWRUSDT is looking primed for an upward move. Here’s why: Market Momentum •ETH ETF Launch: With the ETH ETF trading this week, we’re expecting a ripple effect across the altcoin market. 🚀 •Crypto Sentiment: The market is buzzing with optimism, and altcoins like POWR could ride this wave. Technical Setup •CHoCH Formation: POWRUSDT recently created a Change of Character (CHoCH), signaling a potential reversal and bullish momentum. 📈 Strategy I’m aiming for a solid 1.78:1 Risk-Reward ratio, which is quite promising given the current setup. Action Plan Long on POWRUSDT, leveraging the positive market sentiment and technical signals. With the ETF launch potentially sparking a broader market rally, this could be a golden opportunity. Let’s ride the wave and see how high we can go! 🚀✨ Good luck, everyone!