PKTUSDT: Further 300% bullish potential towards 0.03
PKT CASH ($PKT) (PKT/USDT): Further 300% bullish potential towards 0.03 price area expected
Context
I have posted ideas for this particular coin previously and it looks like this setup could see gains as high as 300% in the short-term timeframe. There is an ascending channel as indicated by the trendline on RSI and a strong support zone has established at 0.009 currently.
Fundamentals
Based on public information, this coin is currently trading far below seignorage cost, seeing elevated selling pressure on the way up is unlikely. All technical parameters (RSI, EMA, MA) currently indicate a very likely breakout.
Key levels to watch
The current support and demand zone is 0.009, the next lower level is 0.008 and finally 0.007. Trade is good to enter at all these levels. The 0.01 trade currently forms some resistance, it can be expected that once 0.01 changes into a support level, there will be lots of upwards movement quickly.
Trading
$PKT can be traded on BitMart and Bittrex. I personally prefer BitMart as it has more liquidity at present.
Context
I have posted ideas for this particular coin previously and it looks like this setup could see gains as high as 300% in the short-term timeframe. There is an ascending channel as indicated by the trendline on RSI and a strong support zone has established at 0.009 currently.
Fundamentals
Based on public information, this coin is currently trading far below seignorage cost, seeing elevated selling pressure on the way up is unlikely. All technical parameters (RSI, EMA, MA) currently indicate a very likely breakout.
Key levels to watch
The current support and demand zone is 0.009, the next lower level is 0.008 and finally 0.007. Trade is good to enter at all these levels. The 0.01 trade currently forms some resistance, it can be expected that once 0.01 changes into a support level, there will be lots of upwards movement quickly.
Trading
$PKT can be traded on BitMart and Bittrex. I personally prefer BitMart as it has more liquidity at present.