I posted this at the lows in another trading chat room, and am posting here as a nice example of harmonic price action.
On this 1hr PPT 0.95%chart, we see price dive today with the broad crypto selloff. I was watching this setup for the break of the 19.50 area... the .786 of the last swing, which is always the most crucial point, in my Fibonacci view. Price moves...
Close inspection of this chart and the clues it contains shows thos to be one of the most aggressive coins I've looked at..
If I tell you where I believe its' going, you wouldn't believe me..
Let's just say, I think it's quite an exciting prospect, priced at bottom Dorrar..
PPT is at an all time low and one of the most hated crypto assets at this time. There is alot of risk associated with this trade, however high risk, high reward. Also ADX black has already signaled that the market is coming back from a lul and is now changing its trend.
PPT almost touches the bottom line resistance today but looks to recovering bullishly after a quick ascending wedge. I've been watching PPT since it's massive volume spike days ago, its just waiting to pop.
No earlier resistance on chart
Bullish candlestick patterns
A strange pump to 80k sat lately
I think its just a matter of time for Populous to gain a lot of value in the coming days. Called this one at25k sat on twitter, but imo it still has a lot of potential
As the chart is not showing any earlier support or resistance zones, volume is popping and there are some bullish candlestick patterns on the 4hr chart, I think we can conclude that its a matter of time that popoulous will create new highs.
Called this one at 25k sat on my Twitter feed and I think it still has a lot of potential