Populous has formed the early stages of a bullflag on the 4H chart, this holds flip potential, for those that are into that. Price is currently very low should be around 42cents for a strong resistance to be present. Sitting above 50MA.
Symmertical triangle has formed on PPTUSD pair, target is purple EMA line for short term, however a move like this may spark a larger move. As you can see the first impulse labelled (1) was bullish hence this is a bullish symmetrical triangle, this can potentially lead to a second bullish wave.
Looks great for a long position despite it being a shitcoin it certainly is set up with a triple divergence at the bottom of a massive down trend that is riding the edges of all time lows. Time to get in with the price much lower than ICO price. I still think this is one of those that will see its all time Highs vs the dollar and most likely against BTC itself....
Exchange : Binance
Buy Zone: 0.000036 ~ 0.000034
Target Point: 0.0000384/ 0.0000399/ 0.0000414/ 0.0000429/ 0.0000442
You should be careful in buying PPTBTC because of Bitcoin
It`s making Falling Wedge
There is a Bullish Divergence(pink arrow)
Buy zone is very wide, so you don`t need to hurry...
Populous (PPTBTC) is starting to show increasing volume and the indicators are starting to turn bullish.
For the MACD indicator, the MACD line is above the Signal line while trending up, giving it bullish potential.
The RSI is showing bullish divergence from late Dec. to this date and is already moving higher.
We can see that PPTBTC retraced all the way back...
After a local maximum, a local downtrend has formed. This trend has formed a downward wedge on the coin.
1) on the breakthrough of the line of resistance of the wedge.
2) on confirmation of support for a local minimum if the price reaches there. You also need to understand that if support is confirmed, lateral movement may occur that can form an...
The price action of Populous (PPT) / Bitcoin is moving in a down channel and hitting the support of channel in the meanwhile it is also hitting the support of Bollinger bands.
The formation of this channel was started on 25 Aug 2019 and during this period this is the second hit on the channel support with more than 5 touches of the candle...