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Peercoin

Peercoin: one more leg down?Someone asked me to look into peercoin, so I don't know much about the fundamentals. But this is what I see on the chart. It has been, and still is a downward channel. It spiked at the end of November, after a major bullish divergence was formed on the RSI and MACD. It touched the trendline, but could not break it. Again the RSI cross of the trendline (yellow elipse), showed the best point of entry for this move. On the short-term, I see a descending triangle forming which more often than not breaks out to the downside. This, together with the wave pattern on the longterm makes me think that peercoin could be going down one more wave. Again, I don't know much about the fundamentals, so if there is any upcoming major news or new updates, this might change things.
Short
by heiders
Peercoin RSI Divergence TradeWe're looking for a hard bounce in this long trade. Market cap is 35 million, circulating supply is 24.3 million. Peercoin price has been continually punished but the market recently was aggressively oversold, I'm looking at this as a long-term reversal opportunity. Volume today is a half million dollars, which is pretty thin, and this might also suggest a reversal as selling force evaporates and the buyers take over. The coin is flirting with it's all time lows from 2014, if you believe that the project is going to survive, these are attractive prices to buy and hold, for a few weeks or a few years. I like to buy assets that I feel will be profitable across multiple timeframes, that way if I miss a market event or things don't go exactly as planned, I've still got a margin of safety that guarantees the preservation of principal and that will allow me to hold it forever and know that I'll make money.
PLong
by Piptocurrency
PPC/USD analysisroadmap for the next four months or so keep crankin those rates yellen! if the fed starts reducing the balance sheet faster than expected, the markets would capitulate. in any case crypto seems a good bet given draghi and kuroda literally cannot stop printing money. inflation will hit us eventually, probably 2019-2020. then we'll have transitioned to an era of pure fiat, which money has historically been within consensual communities. only a matter of time until the fed has to do a 180 and provide helicopter money to the economy, bitcoin/gold's price action seem to predicate such an event.
PLong
by pjlbtv
PPC - Poloniex : Maybe We can Get More?Here is my thoughts on PPC : From early days, like many other cryptocurrencies, PPC went into a down trend in long time. BUT Recently we see many coins rising up from death, like ZEC and few others. Also, the long term trend line is still not touched by the last wave, so, there is a possibility that PPC rise up from the current price (near the support line) up to meet that trend line. After that, there can be two futures for it. 1- Like ZEC and few other coins, it revives itself and goes above that bearish long time trend line 2- It reverse toward bearish market on that trend line, if this case happens, there is a chance that PPC may become dead in future like many many coins that came and gone ! I personally hope developers on PPC and LTC think about something to revive their situation on the market.
PLong
by CAB_Member
PPCBTC important support/resistance level to observePeercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal. I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
PLong
by Krystiannwk
2
Peercoin breakout + increasing engagementPeerCoin is an old cryptocurrency project from August 2012. And it has kept an acceptable overall activity. They are lately growing: +6000 twitter followers ( source ), wildly increased mining difficulty ( source ), and growing in googletrends ( source ) They have a fancy website with lots of information. I do recommend you to red their faq to learn the basis about Peercoin. Technichally, to support a further move upwards in ppcbtc we have: Long-term downwards trendline breakout with a succesfull retest and bounce at support. Bullish weekly MACD. About to have EMA (13,34) bullish cross for first time ever. Closer look of PPCBTC daily chart with bullish EMA cross (89,144) PPCUSD is also looking good. There we have: Downtrend broken Broken resistance and succesfull retest Bullish weekly macd Bullish EMA (21,55) for first time Closer look in daily ppcusd chart So this is a potentially super-profitable buy. I have bought 6600 and have several buy orders down to 5700. My targets are signaled in the chart (actual sell orders under the lines) and my SL would be under 5000. Manage your risks properly and do not expose yourself to a highly volatile market as this more than you can afford. Going all-in into a trade should never be an option. I added in related ideas similar setups that i've traded with high success.
PLong
by bagofXMR
9
Peercoin(PPC) PUMPDear friends! I present to your attention the idea for trading in the medium term. In connection with the latest events, for some currency pairs: LTCBTC, XRPBTC, DASHBTC and others. We have seen how the players of the POLONIEX exchange market inflate the value of these currencies. Recently, I posted a forecast for LTCUSD, which I still hold to the position that in the near future this currency will grow, but in connection with the previously inflated cost and the lack of open positions on this pair, I offer you an alternative that I think does not seem to Less worthy, and in some cases even more, while around it there is no such excitement and a number of different speculative factors that are currently affecting LTC. Therefore, this trading position will fundamentally be safer than trading in other currencies, which are currently heard by everyone. My idea is based on the analysis of the capitalization market chart on the corresponding resource, which in my opinion repeats the pattern of October 7, 2013. Please read this information: Https://coinmarketcap.com/currencies/peercoin/ Peercoin is currently on the 37th place in the list of this resource and attracts a minimum of attention, which allows us to enter at less appropriate prices for this currency, and not as we see now in the pair LTCUSD. The main trading volume for this currency is created by the BTC-e exchange. But periodically I was noticed activity in volumes from players of the POLONIEX stock exchange (the same thing I saw a few days before the LTC cost increase). If you believe the schedule of coinmarketcap, then in 2013, we have already seen 7.13 $ for this currency, despite the fact that at the moment its value is only 0.65 $ after a long fall, which lasted for 4 years. Summing up the results I will list a number of factors on which I will participate in this trade and consider it promising: 1. Currency capitalization pattern on coinmarketcap 2. Violation of the resistance level for the PPCBTC pair. I draw your attention that, as a rule, most of the bubbles in alternative currency markets are relative to BTC, not USD. 3. This currency is mostly traded on the BTC-e, where most traders are newcomers, just as I myself, but with less experience trading in the markets of crypto-currencies. :) This idea will be updated as the value changes. I sincerely believe that my forecast is at least partly true, but whether or not it will only show time. P.S. I apologize for my English, Google Translater helped me a lot. Thanks to all.
PLong
by rem1ndev
3