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
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 recently had a steep negative correlation along with the rest of the crypto market. It also sustained some higher difficulty targets and different updates regarding its block time and block reward infrastructure. Currently looked at as a hybrid coin, PPC has some profit growth potential given its market history. A potential $1 price target is likely to...
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...
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 51.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue .
. The price downtrend in the daily chart is broken, so the...
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 51.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue .
. The price downtrend in the daily chart is broken, so the...
Technical analysis:
. PEERCOIN/BITCOIN is in a downtrend 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 41.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary...
Technical analysis:
. PEERCOIN/BITCOIN is in a downtrend 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 41.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary...
PPC nearly touchs the bottom of all time at 13700sts. This is a dangerous case. If PPC couldn't bound from here, PPC will lost necessary attention to investments.
No upcoming events on Coinmaketcal, decreasing volume. But I've already checked Twitter account of Peercoin, they still talk about “The Evolution of Blockchain Governance” by Peercoin Pulse. So we still...
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 37.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Trading suggestion:
There is a possibility of temporary retracement to suggested...
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 37.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Trading suggestion:
There is a possibility of temporary retracement to suggested...
Peercoin (PPC), one of the oldest altcoins, a classic within the cryptocurrency markets, has huge potential and it is a very strong and resillient coin when it decides to move.
Last year top price for PPC was 0.00170165 per BTC, which was hit on the 1st March 2017.
There is positive divergence on the MACD, plus a C&H formation on the daily chart.
You can spot a...
