pNetwork (PNT) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well, and welcome to the new update on pNetwork ( PNT ) with BTC pair.
Previously we caught a nice pump of PNT:
Now on a 4-hr time frame, PNT has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
PNTETH
$PNT will explode to $100$PNT will explode to $100
with upcoming V2 rollout $PNT will explode to $10+, and with v2.5 testnet, price of $PNT might explode even upto $100
With lot of new updates ->
1. v2 rollout
2. Algorand Intergratiom (via pNetwork, Algorand will support top cryptocurrencies)
3. Postman (postman delivers data from a smart contract on any blockchain to a smart contract on any blockchain)
4. pNetwork NFT Collection
5. Multi chain pNetwork Dao
6. Oracle support via Postman
7. pNetwork v2.5 (MPC) on testnet
8. pNetwrok Dao v2
PNT/BTC (Retesting Recent Low)BINANCE: PNTBTC
-PNT tested the lower channel support and we saw a good bounce up
-Right now, the price is retesting the recent low at 5400 sat range
-If this level will hold for the next 5-7 days, it is a good sign
-A potential Double Bottom is on the card but we need to break the resistance
-I recommend to buy the breakout this channel or wait for a retest (pullback)
-But if you are a support Buyer, wait for the current price to hold
-Until it forms a base showing strength at the current level
-Be sure to have a proper stop loss below recent Low
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Not Financial Advice
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PNT/BTC (Bearish Daily Candle)BINANCE: PNTBTC
-The price is now trading below the major support area
-This is bearish in the midterm as longer consolidation is likely to happen
-If more downside is expected in the coming days
-The target below is the exchange's lowest price around 5480 sat
-And estimating PNT to trade downtrend for at least 30 days
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
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
$Pnt Rising Bottoms Trying to Tell Something$Pnt Rising Bottoms Trying to Tell Something.. Upwards Trend
#pNetwork Bomb
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
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
PNT PNetwork 4hr Chart FIB Analysis Price Range pntbtc pntusdtPNT PNetwork 4hr Chart FIB Analysis Price Range pntbtc pntusdt pntusd
PNT/USDT (Bullish Triangle Pattern?)PNT/USDT
-Pnetwork is currently forming an ascending triangle pattern
-We can see serries of higher Lows
-Buyers are keeping the price above average
-The flat resistance area is visible at 1.31 range
-If we can see a candle body above resistance
-This will be a Buy signal for upside continuation
-Target is up to 1.9-2.0 Fib extension resistance
-Local support is 1.195 and upward trendline
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
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
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.
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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.
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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.
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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
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