POWR.X Crypto Tickeron detected bearish Crypto Pattern: Head-and-Shoulders Top on May 25, 2024

A.I.dvisor
at Tickeron.com
05/27/24
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Head-and-Shoulders Top
POWR.X - Powerledger cryptocurrency
Emerged: 05/25/24
Breakout: $0.3022
Price: $0.307578
Target price: $0.2791
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for POWR.X stock. This pattern was detected on May 25, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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