this a chart where i did analysis about Presearch and I found breakout according to the setup i prepared entry point, target point and stop loss as shown in the chart
if you interested to buy Presearch then you can buy on entry point as shown in chart and sell it 75% on target point as shown in the chart and also put the stop loss as shown in the chart ...
Try to breakout at 0.0262 rejected by resistance
Bullish scenario
resistances 0.0262, 0.0314 in 50 ema & horizontal, 0.033 in 200 ema, 0.038, 0.062 pivot high
bearish scenario
supports 0.021, 0.016 lower limit of channel
We have identified an A wave and a large B wave on the chart. From where we have entered on the chart "START" our big B wave has started
Wave B seems to be a diametric, with only its final wave, its g wave, remaining.
In the green range, you can look for buy/long positions.
We have specified the targets on the chart. Closing a weekly candle below the green...
Currently at 0.03144 support
If the bearish trend continues death cross in the coming days
Bullish scenario
Resistance 0.035 in 50 & 200 ema
Next resistances 0.038, 0.045
Bearish scenario
Support at 0.026
Next support 0.02
Now in support at 0.038
Getting closer to golden cross
Bullish scenario
Close above the high pivot at 0.054
May lead to 0.07 on 800 ema convergence with horizontal trend line.
Bearish scenario
A break of 0.038 could lead to support at 0.0378
Next support at 0.315
Presearch is the first decentralized search engine which seems to have a good future; need more nodes in many regions. Anyway, its price movement also harbinger of much higher prices. PRE is unfolding a huge inverted wedge pattern which means big movements as the wedge gets wider and wider. Let's see what happens.
Hello Team,
This week we look at a small cap cryptocurrency opportunity. "Presearch" is a decentralized search engine which has the ability to generate their token for essentially "free" when using the search engine. They also have "Nodes" which the system operates on.
We have broken out of the downtrend and are at a 87% loss. Remember to Buy Fear no Greed.
Enjoy!
I've been following up with the project for a few years now, patiently watching developments and keeping track of their growth.
- Team/Project survived previous bear market.
- Project has +4M daily searches
- From 500M supply, around 250M are being staked
- There are around 70000 nodes servicing the system in a decentralized manner worldwide.
- Still waiting for...
PRE - with LOW VOLUME NODE identified on chart
50ma over 200ma = bullish sign
Market Cap 42.7M
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
nice setup for Presearch here. they have a lot of good news coming out in the next few months, too. good r/r at this level. not much resistance overhead for a while. set a stop under weekly lows.
