$PART looking goodParticl is a eCommerce plateform Amazon-like that preserves completely the privacy of the trades.
Particl is PoS Bitcoin with Monero privacy
$PART is a privacy coin used for the marketplace and also used for the gas fees. $PART is also a gouvernance token.
When you see the market share of privacy coin like $XMR $DASH and $ZEC they worth more than BILLIONS marketcap you can see than $PART is truly underrated with only 14M mcap.
Part
Particl VS Bitcoin Short Term ViewParticl has formed a double bottom at 67500 satoshis after which price went up and today broke above the downtrend trendline. It seems that this is the beginning of either a correctional move up or even trend reversal.
PART/BTC is expected to rise towards 94150 satoshis area in the near future. This is the 50% Fibonacci retracement level from the last wave down. Price could reach 61.8% Fibs, that is 100k satoshis area, the key psychological resistance.
Break and close above this resistance could be the confirmation of the trend reversal, but for now only a correctional wave up is expected. On a downside, break and close below the recent low at 66k satoshis should invalidate bullish outlook.
PART new cycleIt seems that a full elliot wave has fineshed, and PART retraced 88% from the last move.
PART is oversold on multiple timeframes
And but the trend also seems to start a reversal.
We are currently in an accumulation zone that started few hours ago.
1h Stoch RSI shows that we can go lower from here but MACD and RSI just reversed less 12h ago. I'll buy as low as 0.88 fib level from the last move.
It seems that it's preparing for a new swing.
Targets sent on Telegram
Particl - Bears May WinSo, Particl is actually one of the only coins that I didn't sell off before that BTC dive, because I wanted to see how it is going to handle itself post-correction. I'm still seeing life in this one, but It will surely be dictated by the attitude of Bitcoin over the next few days.
So, the red wave count is our bear scenario. Which indicates the previous 5 subwaves as a truncated 5th wave, completing the wave 1 structure, leading us to a more bearish correction to the .786. As odd as that sounds, its very possible.
The blue lines indicate a bullish scenario, which also seems very odd, but it is just as possible. There's been some recent buying pressure and consistent (smaller) buy walls that have been backing up Particl.
Personally, I am leaning more towards the bearish side, just because I'm picking up on bearish indication by Bitcoin. I think in the short-term Particl recovers a bit, but it may not close above the white resistance line. We've actually bounced nicely off of the white support line, but I'm not sure if it will continue to hold.
WE CANNOT close below the yellow line in order for the bull scenario to reign true. IF it does, then this is likely to be a wave 2 consolidation and we may sit here for a few more weeks. "Target 1 Base" is where I think we may jump up to regardless. That's where I'm targeting to make a decision, to stay or to leave.
Bottom line: I truly don't know which scenario it will follow. Seriously, I have no idea. BUT, I'm going to continue to watch this closely AND base my decisions based on what Bitcoin is doing.
Good Luck!
Particl looks like boarding timeTeam has proven that they deliver on time. Two days ago an electron wallet was released on testnet. It gives a glimpse on their platform that they are building. Factual they are ahead of roadmap with cold staking. PR is warming up and team has grown in size. This project is not limited to a marketplace. They do deliver much much more. Especially the $PART token is not limited to the upcoming marketplace. It is a top notch privacy coin with many enhancements that could make it to the successor of all privacy coins. Worth to take a look.
DATA VIEW (NOT A FORECAST): PART-TIME EMPLOYMENT STILL HIGHPart-time employment is also declining within its well defined trend since 2012, however it has still some progress to make before reaching pre-crisis levels.
In fact, it is the only systemic fallout left to be erased from the 2008-2009 crisis in the employment data.