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.
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.
Peercoin (PPCBTC) has been trading within a bullish channel since December 2019.
Looking at how prices are now trading above 0.00002714, EMA50, we can easily see a price jump.
We remain strongly bullish above 0.00002480 and within the ascending channel.
PPCBTC has huge potential long-term.
Prices just broke above EMA10 on the weekly timeframe.
This is not...
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...
Many people got burnt in Crypto because they don't understand how the market works.
They don't understand how the cycle works.
Like any market or natural phenomenon, the crypto market moves in cycle.
It doesn't matter. Fundamentals doesn't matter.
The only things that matters are the whales, how much capital are coming in and how much interest they get from...
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:
....
Commodity : PEER COIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective...
