Peercoin and Namecoin have a significant price correlation due to their highest volume
being traded on the same exchange, BTCe. Namecoin's recent trading volume
increase on BTCe and Poloniex signals the start of a BTCe alt coin rally. There is plenty of room for the average directional index
) to continue upwards with the +DI
line following it's lead. With the ADX
above 25 and rising, one can see a strong positive trend forming. The 20 RSI
bottomed around January 1st and has breached through the 50 line and climbs upwards.