PNT/BTC (200MA & 0.618 Fib Support)

PNT / BTC

-The price has tested the 200MA and bounces off strong
-This level is a confluence of .618 Fib golden ratio
-And previous minor consolidation last July 27-28 trading
-We can see a new downward trendline of resistance
-There is also of potential Double Bottom reversal
-Provided if PNT can break above the trendline resistance
-If it does, the reward is very juicy up to the recent Swing High
-Stop-loss is placed under 200MA dynamic support