Peanut the squirrel - let's try again
My apologies on getting ahead of myself on the first post for PNUT. The 51 cent S/R flipped as resistance, and now we are very close to another area of interest.
We are getting close to the bottom of the big channel again, and also the .618 pocket for PNUT. This ranges from about 31 cents to 35 cents. Even right now at .37-.38 cents may be a good buy.
This price area is where it appears that it was when it dropped on Binance. So, this could be a nice "bottom picking" opportunity for Peanut the Squirrel.
It's hard for me to tell how good Pnut will do - but first we would need to take out the downtrend, and then establish .51 cents as support again. Also the $1.00 area would be a critical level to regain as support.
Targets could be: 1.58, 1.92, 2.45, 2.92, 7.14
There are higher targets, but I am not listing those now because that would be insane. Totally possible, but I am keeping it to this for now.
Thanks for looking!
We are getting close to the bottom of the big channel again, and also the .618 pocket for PNUT. This ranges from about 31 cents to 35 cents. Even right now at .37-.38 cents may be a good buy.
This price area is where it appears that it was when it dropped on Binance. So, this could be a nice "bottom picking" opportunity for Peanut the Squirrel.
It's hard for me to tell how good Pnut will do - but first we would need to take out the downtrend, and then establish .51 cents as support again. Also the $1.00 area would be a critical level to regain as support.
Targets could be: 1.58, 1.92, 2.45, 2.92, 7.14
There are higher targets, but I am not listing those now because that would be insane. Totally possible, but I am keeping it to this for now.
Thanks for looking!
Note
Here comes probably the best opportunity to get in, barring BTC falling off of a cliff. low 30 cent could present its self, unless the .618 holds here. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.