As described before, Tether fueled Bitcoin bull runs were not good for PPC-BTC ratio. Bitcoin bear markets is when this usually turns around and Peercoin regains ground. This turn-around could also break the multi-year downtrend in PPC-BTC. Price is now over weekly EMA(100), it has retested it once and has bounce back up. Next obvious target is 4500-5000 satoshi...
I believe next move will re-test the weekly EMA100. Just like the last wick up. It is interesting it wicks so much, but seeing how low the floating supply is it's not surprising at all. Coin is extremely hard to accumulate at these prices, so I expect price level will be rejected by the market.
PPC-USD corrected before BTC-USD did and has established the bottom before BTC-USD. This can be see by rising PPC-BTC over the last couple of months. This chart looks incredibly bullish, and given the 8:1 R:R ratio I'm inclined to take the offered swing. Peercoin celebrates 10th anniversary later this month.
This is the BTC/PPC chart which shows some strength, and I'd expect the breaker to be re-tested. Narrative can be: PPC is a POS version of BTC, and this is desirable.
CONSOLIDATING FOR BREAK OUT, POTENTIAL 500%
Peercoin showing bullish signals on the weekly time frame, targeting previous resistance zone for a 70% swing trade. A valid entry is under the 0.00003200 Entry = 0.00002890 SL = 0.00002365 TP = 0.00005172
We looked at Peercoin (PPCBTC) long-term recently, I will share the trade idea below. Here we have a closer look at the chart with short-term targets based on Fib. proportions. PPCBTC broke above EMA50 and MA200 and peaked when it hit EMA200 at 0.00003198, soon after prices started to retrace. Resistance turned support After EMA50 (magenta line on the...
Peercoin (PPCBTC) is starting to wake up after a new all-time low and years of bear action... Let's take a look. Let's start with the long-term chart, here we have the ATL sitting at 0.00001950: Over 12,000 potential profits from current prices to our ATH (we are using Nov. 2016 peak prices as all-time high). Consolidating since July 2019. The RSI just...
Peercoin (PPCBTC), one of the first cryptocurrency projects to launch and also a classic, hit a new all-time low on the week of the 15th of July and started to print some bullish signals... Let's take a look: After hitting a new ATL, PPCBTC printed the "Morning star" pattern. This is a bullish pattern and holds additional strength here as we are looking at...
Conclusion for today's Peercoin (PPCBTC) analysis: A close above ~~0.00011711 implies resumption of bullish momentum in Peercoin. Peercoin analysis for today is carried out on a 6 hour timeframe chart using a log scale. Historical data going as far back as November 2018 till current date is shown on the chart with the major downward trend. Two major trendlines...
Technical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. . The price downtrend in the daily chart and the RSI downtrend are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: ....
PEERCOIN SHORT TERM LONG TRADE Chart is self explanatory I think. Shorting zone is mentioned along with Stop Loss and TP Price Points.
Having fun finding patterns using sine waves as guides. Notice the strong bullish divergence
The difference in the number of days is because Bittrex chart doesnt have data between a certain period. Refer Polo Chart.
PPC breaks out in a huge move by this 2 days and is testing the first strong resistance at around 25263 sats. After this huge breakout there will be a correction towards point (B) in the chart. Both 50EMA and 89EMA are below the price which are a good indications for an accumulation move. But the accumulation must be done when the correction is done. RSI is at 87...
Technical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00014140 to 0.00011550). if so, traders can set orders based on...
Technical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00014140 to 0.00011550). if so, traders can set orders based on...