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PNTBTC

pNetwork Project Overview + Chart Analysis (Bullish Wave Next!)The pNetwork is a decentralized network of validators contributing to the verification of crypto asset switches across blockchains. pTokens aims to be a decentralized open-source system facilitating cross-chain movement of assets. As the cryptocurrencies industry continues to evolve, the development of alternative financial platforms is on the rise. A critical component for these to succeed is assets’ liquidity, which in the decentralized scene is currently spread across multiple independent blockchain protocols. The pTokens system bridges a variety of blockchains, powering the free movement of crypto liquidity. These bridges are operated by a network of validators, whose role is to verify the cross-chain asset switch and to guarantee the 1:1 peg with the underlying asset. pTokens removes the need for a trusted intermediary by creating a crypto-economic incentive through a governance token. The incentives mechanism is at the foundation of the pTokens system - the pNetwork Token (PNT) is leveraged to drive governance decisions, encourage community participation and adoption. While fueling validators’ activities, the PNT token is a key element of the staking method at the basis of the network. Website: p.network -- It took over 115 days for PNTBTC to show signals of a change of trend... That is almost 4 months before prices stopped dropping after hitting a peak. We can now expect the same but in reverse... A long period of bullish action can take place. The bearish wave was extended a bit longer than expected when it comes to the smaller altcoins but this is normally the case... It doesn't really matter how long it takes, you get a bullish wave after a bearish wave. The trick is to know when to buy when to sell... The market moves in waves. Namaste.
PLong
by AlanSantana
1
PNT/BTC (Potential Short Term Up Signal?)PNT/BTC -After the gains happened last July 25 -The price today has given back all the profits it made -This time around, it is trading at the key major support area -We can also see a Bullish RSI divergence -Plus a potential Double bottom reversal pattern -It is also starting to break outside the trendline resistance -If this will signal a potential short term reversal -The upside target can reach up to 10122 sat area -Bearish side, break below green line will invalidate this trade
PLong
by PolarHusk
6
PNT/USDT (Bullish Bias Invalid?)PNT/USDT -My previous Bullish bias for PNT has been invalidated -This coin is likely to play longer consolidation -To approach this type of market situation -Looking for a bounce play scenario is the best option to enter -The area needs to be watching is around 86-84 range -Because it has been a previous resistance turned support -The chances of a strong bounce reaction in here are high -But I still recommend only to enter when there is Bullish reaction -To reduce the risk level involve especially trying to catch a knife
P
by PolarHusk
3
PNT/USDT (Building New Support)PNT/USDT -This coin almost had a trendline support break yesterday -During the Bitcoin minor correction to the downside -At 1.11 area, Bulls strongly bought the dip -The price went up by 16% increase -PNT network still holding a series of Higher Lows -Indication Buyers are still interested to push the price up -If we can see a breakout of the flat resistance -That is a strong signal that the market will continue its uptrend -No major red flag today, trade priority is upwards
PLong
by PolarHusk
PNT/USDT (Ascending Triangle Pattern?)PNT/USDT -This coin is still trading inside an ascending triangle -The pattern is technically Bullish in terms of probability -Currently, the price is respecting the ascending line support -Including the dynamic support which is 50MA & 100MA -Aggressive Bulls are entering bids at the retest of trendline support -While conservative Traders are waiting for the flat resistance breakout -All depends on your risk appetite but always use proper trade size management -The ideal stop-loss position is placed under 50ma or 100ma
PLong
by PolarHusk
DISTRIBUTION FRACTAL OR REACCUMULATION? I saw this types of distribution already, on the first glance it looks like a ascending triangle, but when you look closely you can see divergence building on the RSI. If you are about to enter short here, you gotta know that sentiment is still pretty bullish, but on the other side, that gives me more confidence in shorting PNT right now. ETH 2.0 event just acme in couple of days ago, so everything smells of "BUY THE RUMOR, SELL THE NEWS" kind of environment. You can be a buyer here as well, but that's on you. If you want to bet on the long side, risk window is to great for me to even think about longing PNT here after 1500+% pump already. Binance traders would be surprised if price dives back under the current lows, because they dont see a full chart and price movement. EDO was rebranded to PNT, but move is already too big for me to consider buying here. Great short opportunity with SL above ascending triangle (I expect stop hunt as well, but w'ell see). You can target .382 area as a safe target if this is the top. If you profit out of this idea, you can consider donation as a thank you. Be safe, and don't bet the house on this. Its a risky trade after all.
EShort
by AjnoudaSikret
PNT/BTC (200MA & 0.618 Fib Support)PNT/BTC -The price has tested the 200MA and bounces off strong -This level is a confluence of .618 Fib golden ratio -And previous minor consolidation last July 27-28 trading -We can see a new downward trendline of resistance -There is also of potential Double Bottom reversal -Provided if PNT can break above the trendline resistance -If it does, the reward is very juicy up to the recent Swing High -Stop-loss is placed under 200MA dynamic support
PLong
by PolarHusk
1
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
PLong
by PolarHusk