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
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 chart) was conquered, prices for PPCBTC moved back down and tested this level as support at ~0.00002500.
- EMA50 held and prices are now back above this level and also above MA200 (black line).
What this means is that PPCBTC can easily start to move up from here (green arrow).
Conditionsfor change
If momentum is lost and prices move lower, the red arrow comes into play. Right now we are looking bullish, so we aim at the Fib. targets next.
Thanks a lot for reading.
Namaste.
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Peercoin Awakens | Full Chart W/ Long-Term Targets (12,000%+ PP)
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.