PotCoin (POBTC) is trying to breakout of a descending channel after printing a strong bullish candle, with the highest volume since August while challenging EMA50.
Closing above EMA50 would signal great strength.
A very strong RSI supports additional bullish action.
POTBTC has been retracing since February, so imagine how...
Now that PotCoin (POTBTC) hit its lowest price since 2015... We can expect some growth.
You know what we love to repeat...
Once you hit bottom, the only place left to go is up.
When we look at the long-term chart, the potential here is off the books.
One can easily aim fro 200/300% of potential profits in a matter of weeks... More in just a few short...
Remember PotCoin (POTBTC)?
This altcoin pair has been available for trading for long and tends to move big when it does.
Below you have the full trade details:
PotCoin | POTBTC
BUY: 0.00000074 - 0.00000085
NEXT SUPPORT: 0.00000068
PotCoin (POTBTC) has been quiet for the past few weeks and is now reaching a tipping point.
Prices remain trading above EMA50 on bullish indicators.
The break can happen to either side on this setup, but the bullish view is looking more probable.
Stoner jokes aside..The legal marijuana industry is destroying all expectations...
Sales totaled $5.4 billion in 2015 — and hit $6.7 billion in 2016. $50 billion is expected by 2020 based on only half the country currently being legal at the state level...
This trend will only accelerate as more states legalize the drug, either for recreational or...
Can see a strong break above all the 4 period EMA. And a clear uptrend with large volume and rising momentum expecting the coin to reach up to at least 50% of its previous high.
Thank you for reading, hope you have a green day!
This is a good opportunity to make more than 100% profit in few day but be extremely carefull on one thing: This coin has a very low daily volume around $8000
So if you are going in don't invest more than $150 because the spraed will be high when you will sell.
Usually i recommend to trade a liquid market but this is an opportunity for small...
PotCoin (POTBTC) is now trading above EMA50 while challenging MA200; as soon as MA200 is left behind, we can see POTBTC shine.
PotCoin Chart Signals
Right now we have a bullish MACD and RSI.
Trading volume growing.
After the strong bullish wave in early 2020, a retrace followed that removed most gains.
A consolidation period is taking...
POTBTC (PotCoin) is looking good and has the potential to print a bullish breakout.
Prices for POTBTC made a full retrace removing almost 100% of the gains from the last bullish wave, almost, because support was found before hitting 0 Fib. retracement and ended in a higher low compared to Nov. 2019.
The 0.786 Fib. retracement level for the last bullish wave...
Looking at the chart above, I realize this can look just like a few ugly senseless lines on a screen.... but we can actually find meaning in this.
This is the PotCoin (POTBTC) chart on the weekly (W) timeframe, each candle goes for 1 week (7 days).
What this chart is telling us here if we look at it with the inquirer mind wondering what is it that will happen...
PotCoin (POTBTC) is one of the old-timers of the small cap. altcoins, available for trading on Bittrex since 2014.
Recently we published a trade and profits hit up to 68%... These are great profits yet this is is literally before the beginning... See it here, the profits potential is huge:...
PotCoin (POT) Overview
PotCoin is an ultra-secure digital cryptocurrency solution for the $250 billion dollar global cannabis industry.
PotCoins are digital coins you can send via the internet, which allow cannabis enthusiasts to interact, transact, communicate and grow together. PotCoin is a global community based effort.
PotCoin (POTBTC) Chart Analysis...
PotCoin has been ranging for almost 4 months. Remember my altcoin trading maxim: 'When a range forms, pay attention. When a range breaks, take action.'
The technical picture is so clear when you analyze some of these OG coins.
As you can see from the chart, we are almost coming to an end of a full cycle for potcoin, it may be finally time to start accumulating. As always, dyor. Check out potcoinoffical telegram to learn about what's going on fundamentally with POT.
After having been in a quite strong bearish trend for some time now, the price has touched a very strong support line. Looking at the higher time frame we can see that it has never been surpassed yet. We believe that the price will bounce from the support line.
We wish you good luck with your trading!
Since 2016, POT has stayed within its parameters to where we are today. Either it's going to defeat its 3-yearlong resistance or it will follow that resistance and fall beneath its support its held since 2014.
The market is unsure on what Bitcoin will be doing in the coming days/weeks, but my prediction is that it will fall, which usually takes alts down with...