PumaPay (PMA) | Are We There Yet?
Updated
It feels like it is been forever since I've been holding my bag of PumaPay (PMABTC), but things are slowly changing.
Here is how it goes:
When we take a closer look, the daily (D) timeframe, we can see the EMA lines starting to curve.
The MACD and RSI both bullish while PMABTC is trading at All-Time Lows... It can take only days for the next breakout as it can take weeks or even months... The market decides when prices move up.
But, with this prolonged bear market and consolidation phase, the jump will be strong once it resistance breaks.
Namaste.
Here is how it goes:
- 1) Prices drop strong. Bear market.
- 2) Prices go flat. Consolidation phase.
- 3) Prices break up. New trend.
When we take a closer look, the daily (D) timeframe, we can see the EMA lines starting to curve.
The MACD and RSI both bullish while PMABTC is trading at All-Time Lows... It can take only days for the next breakout as it can take weeks or even months... The market decides when prices move up.
But, with this prolonged bear market and consolidation phase, the jump will be strong once it resistance breaks.
Namaste.
Note
This chart remains valid.
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