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PNT

PNT/BTC (Fib Strong Support?)PNT/BTC -The temporary top has been set at 13800 area -The price has retraced -25% from the recent High -We can see a strong reaction bounce at .5 Fib support -This Fib area coincides with previous consolidation last July 20-22 trading -If this is the local bottom for potential upside continuation -PNT will likely rebound to test the 12000-13000 range in the coming days -Provided Bitcoin and BTC Dominance will move sideways -Which will give a breather for the Altcoins to recover from the dump
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by PolarHusk
pNetwork token PNT: The next DeFi highflyer?The pNetworktoken PNT is the successor-Token of Eidoo. Since the beginning of the listing of PNT at Binance on June 22nd, the price has already risen by 100% (see monthly chart below). But given the hype surrounding DeFi, this could be just the beginning. Now pNetwork has announced a yield farming program called Steroids. This program is to run for one month and bring up to 10% return in the form of PNT. The program aims to attract new users, increase liquidity and fuel adoption of the entire pNetwork-ecosystem. Yield farming is a relatively new concept in the DeFi-area. This involves optimizing the use of capital by using different DeFi-products, so that the highest possible return is achieved. Given the low market capitalization of currently 42 million dollars, the increasing interest could very quickly translate into significantly rising prices. The main exchange of PNT is Binance, where the token is traded against BTC and USDT. At Bitfinex, PNT is also traded directly against the dollar, but the market there is slightly less liquid and the spreads are therefore larger. According to Coinmarketcap, the daily turnover was around 10 million dollars. By the way: The pNetwork-token PNT should not be confused with Penta, which have the same abbreviation with PNT. Eidoo (EDO) has been trading on Bitfinex since autumn 2017. After the big price increase at the beginning of 2018, the price has been falling further and further in recent years, the token of the Swiss project has fallen back into insignificance. With the transition from Eidoo to pNetwork-token (PNT), this has completely changed. The value and use of Eidoo has been transferred to pNetwork and a new governance-token has been presented with PNT. So PNT is not a new token, but an upgrade version of EDO. This upgrade is the result of a collaboration between Eidoo and Provable Things, pTokens' main development team. In connection with the upgrade to PNT, there was a token burn of 28 million EDO, which is about one third of the total. As a result, about 80% of the tokens held by the Eidoo-project have been destroyed, leaving the majority of control in the hands of the community. At launch, 60 million PNT were distributed across more than 7,000 blockchain addresses. The pNetwork could become one of the largest DAOs (Decentralized Autonomous Organization) in the DeFi-area. The pNetwork DAO will be the governance system for pTokens. These pTokens serve as bridges between completely different cryptocurrencies. The goal is to unite a lot of, if not all blockchain communities.
PLong
by coin-stars
PNTUSDT ⚠️✅⚠️ Is Yield Farming Causing This Massive Uptrend!?💬 pNetwork (PNT), like most other DeFi charts, has been moving and looks like it'll keep going. Just take a look at how hard this ran since we suggested it on our watch list at the start of the week by comparing the posted chart to the one below (wow, right?) That run was nice, but we think it can get nicer. So, let's take a look at some levels for those PNT bulls. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- USDT Support: S1: The S1 S/R flip and orderblock cluster is the first level of support for PNT. The bull's best bet is to stay above this level. S2: S2 S/R flip should come into play if S1 can't hold and we get an ABC bearish correction as shown on the chart. A move from S2 to S1 in such a case seems logical. S2 has acted as both support and resistance previously, so it is bound to see a reaction again. S3: The S3 S/R and orderblock cluster needs to hold if tested. Anything below this puts PNT in bear territory, and the last thing a DeFi coin wants is for the bears to grab hold in the middle of DeFi season thus ending its chance a ta run. With that in mind, there some support at the main price pivot point below to be aware if things do go this direction. USDT Resistance: R1: The R1 range at the previous top is the resistance the bulls need to take out. Retesting this level as support before moving to an all-time high is the top priority for PNT bulls. ---- BTC: The hourly BTC levels are simple enough. We have the S1 orderblock and S2 orderblock clusters which the bulls will want to hold, and then we have that same main price pivot point all the way down on top of the June and July highs. If the bulls do need to find support, the support present on the BTC chart should help reinforce the USDT support noted above. ----- Summary: DeFi bulls have another darling to send to new all-time highs. Let's not count this DeFi coin out yet, as this PNT chart still looks good. Remember, the ideal here is staying above S1 and turning R1 into support. Yeah, we have support below, but we want that epic non-stop bull run that makes Reddit threads. So, let's focus on seeing that path play out. Resources: news.bitcoin.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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by AlphaBotSystem
2
PNT/USDT (Potential New Leg Up?)PNT/USDT -since the Cross Ultimate, indicator flashes Buy signal priority -the price has increased over 70% returns -the best entry was during the break of trendline resistance at 7800 range -there is a chance we could see another leg up -provided the new support area will hold around $1.2 range -but since there is less resistance at current levels -I won't be surprised to easily hit the $1.5 target -I don't recommend buying at current price market -please wait for the price consolidate a bit -to confirm acceptance above $1.2 is valid
PLong
by PolarHusk
1
$PNTUSD / $EDOUSD Watchout binance tradersUpon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal. Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter what the fundamentals are. 1. Trendline broken, possible fakeout, this whole area acts as a resistance, not a single line. 2. Rsi bearish div. 3. Double top formation 4. Tweezers top x2 (candlestick formations, usually signaling for a trend reversal because price cannot go higher or a lower than those wicks) 5. 78.6 fib retracement 6. M market structure broken, but only with the candle wick. Sign of support weakness.
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by AjnoudaSikret
$EDO or $PNT hits resistance after 1700% rallyPretty good trade location for shorts. Right now in a pocket between 61% and 78% of a previous bear move. Bear divs on daily, and on 4 hour. We had 4h RSI breakout, and price action breakout, but it seems more like a fakeout, liquidating all shorts up there. Also price is now at the horizontal resistance, and upper fib channel. A lot of talk recently about $EDO swapping with $PNT, Binance just listed PNT, and after rally of 1700%, it could have a little break here. Sentiment is megabullish, as always right at resistance. I'm gonna go with the old rule "sell the news", with tight stop loss. Target not determined yet, but probably when I spot bull divergence on 30 min or 15 min chart.
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by AjnoudaSikret