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Peercoin

Cryptoccurency Peercoin vs Btc flag pattern with strong support Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. Energetic movement put pair in consolidation, 0.00050000 level is acting as strong support. Once again I assume that 200 Ema will help pair to bounce higher. My SL is placed far below 5000 mark as safety precautions. Many times pair is doing sharp movement to create doji candle and it triggers most Stop losses close to the strong support, then after candle is formed price is going in desire direction. It is also quite possible that pair will go straight to take profit area that's why I would prefer to open position now rather that wait for more confirmations.
PLong
by Krystiannwk
Veteran Alts Regain and Reverse Against EthereumInteresting to look at the market conditions in terms of established alt coins and Ethereum. It's no surprise that Ethereum is heavily weighted in the crypto-markets and has had an impact on mostly all coins that share an exchange with it. When Ethereum was added to BTC-e it was introduced into a small, select group of well established alt coins such as LTC, PPC, and NMC. These coins have had 4 years or more of existence in this space and perhaps have undergone the trials of true price discovery. I believe it should be noted that the Ethereum has yet to undergo the trials and tribulations of price discovery. It seems that there will be a "retaking" of market share from Ethereum by older alt coins and perhaps this is the start of it.
PLong
by embeddedthought
Looking at our old useless friend PPC PeercoinI really like peercoin, PPCBTC for different reasons (bagholding is one), heres a chart, half inspired by Zar Nagar and Dj Thisle 2 who introduced me to the wyckoff model (this case in the chart doesnt really apply but its similar). He has a trading telegram and learn to trade forum on coinstreetnews - google it, its like .3 btc and will help you if you dont know how to trade, helped me and others. This is the weekly, I also looked at daily, I think from this the bottom may be here soon. If the trendline breaks up... Oh boy.
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by Noobincrypt
2
Weekly Bullish Divergence on Bitcoin-Clones Basket (LTC-NMC-PPC)We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing. Coupled with a false breakout, we might see a medium-term rock bottom. The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select them. Which is the case. Reversal might takes time to unfold because of the weekly timeframe, but this offer a good risk/reward on the current dead altcoin clones. Remember, this is a very high level "macro" view. Be wise.
LLong
by B33tcoin
Peercoin (PPC): Almost Time to Decide PPC is at a major market pivot point. It has been moving sideways for so long that it has crossed over most sloping downtrend resistance lines. However it keeps getting rejected at a horizontal price level. This level was once support but is now resistance. The MACD has not given away all it’s momentum yet, but if the price drops below support in this very tight range the MACD will shoot down and become negative thus turning a hopeful picture into red waterfalls. Chart is well labeled with resistance, support, long, and short zones of interest. Full article with NMC chart. Basically the same idea. Both ranging and looking to find support as multiple supports are converging. If it/they fail it is a quick push down altcoin style. www.coinstreetnews.com
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by CoinStreetNews
Why is Peercoin tracking below Namecoin price?I've seen this question come up a lot since Bitcoin begun rising. These two altcoins have historically followed each other very closely in terms of price until recently. As Bitcoin rises and altcoin prices have fallen, we have seen Peercoin (PPC) drop below Namecoin (NMC) significantly. I believe the explanation for this is quite simple: there are more Peercoins in the market than Namecoins, therefore there are more potential sellers. According to coinmarketcap.com the current PPC supply sits at around 21 million. The same site states the current available amount of Namecoins is around 9 million.
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by usaoscoin