First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the 7 cryptocurrencies that are altcoins (that I believe are covering a wide variety of sectors) that I think has some strong technological aspects, are what I will be talking about here. For avoidance of conflict of...
Peercoin showing bullish signals on the weekly time frame, targeting previous resistance zone for a 70% swing trade.
A valid entry is under the 0.00003200
Entry = 0.00002890
SL = 0.00002365
TP = 0.00005172
We looked at Peercoin (PPCBTC) long-term recently, I will share the trade idea below.
Here we have a closer look at the chart with short-term targets based on Fib. proportions.
PPCBTC broke above EMA50 and MA200 and peaked when it hit EMA200 at 0.00003198, soon after prices started to retrace.
Resistance turned support
After EMA50 (magenta line on the...
Peercoin (PPCBTC) is starting to wake up after a new all-time low and years of bear action... Let's take a look.
Let's start with the long-term chart, here we have the ATL sitting at 0.00001950:
Over 12,000 potential profits from current prices to our ATH (we are using Nov. 2016 peak prices as all-time high).
Peercoin (PPCBTC), one of the first cryptocurrency projects to launch and also a classic, hit a new all-time low on the week of the 15th of July and started to print some bullish signals... Let's take a look:
After hitting a new ATL, PPCBTC printed the "Morning star" pattern. This is a bullish pattern and holds additional strength here as we are looking at...
Conclusion for today's Peercoin (PPCBTC) analysis: A close above ~~0.00011711 implies resumption of bullish momentum in Peercoin.
Peercoin analysis for today is carried out on a 6 hour timeframe chart using a log scale. Historical data going as far back as November 2018 till current date is shown on the chart with the major downward trend. Two major trendlines...
Conclusion for today’s Peercoin price analysis: A retracement back to 0.32 or 0.24 is expected in Peercoin prior to the resumption of bullish momentum.
Peercoin price analysis for today is carried out on a Daily timeframe using a log scale. A price peak of 9.00 on January 13, 2018 (not shown here) was followed by a dominant bearish move trend that seems to have...
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The price downtrend in the daily chart and the RSI downtrend are broken, so the probability of the resumption of an uptrend is increased.
Commodity : PEER COIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 5% of the total Trading Balance.
Peercoin recently had a steep negative correlation along with the rest of the crypto market. It also sustained some higher difficulty targets and different updates regarding its block time and block reward infrastructure. Currently looked at as a hybrid coin, PPC has some profit growth potential given its market history. A potential $1 price target is likely to...