is at a major market pivot point
. It has been moving sideways for so long that it has crossed over most sloping downtrend resistance lines. However it keeps getting rejected at a horizontal price level. This level was once support but is now resistance. The MACD
has not given away all it’s momentum yet, but if the price drops below support in this very tight range the MACD
will shoot down and become negative thus turning a hopeful picture into red waterfalls.
Chart is well labeled with resistance, support, long, and short zones of interest.
Full article with NMC
chart. Basically the same idea. Both ranging and looking to find support as multiple supports are converging. If it/they fail it is a quick push down altcoin style. http://www.coinstreetnews.com/2015/09/peercoin-ppc-namecoin-nmc-sept-29-2015/