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PNTUSD

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
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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
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.
EShort
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.
EShort
by AjnoudaSikret