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PNTUSDT

PNTUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH . So, I don't think this is a good time to buy yet. If you want to buy again, we have 3 different options. 1- You can wait for EngineeringRobo's BUY signals to be present, 2- You can wait for candles to open-close above resistance level (0.69) for 1D to buy, 3- You can buy when candles touching the support line (0.42) After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
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by EngineeringRobo
1
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 `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
12
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
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