JSE:PPC Buying Climax?A high volume buying climax in the last couple of day is playing out the accumulation range previously identified and we are now in the markup phase. See the post made in January below. However, the high volume is likely to be a buying climax that is likely to roll out into a trading range. This trading range is likely to be a reaccumulation trading range and there is some space for the next major resistance. For now, we watch for the accumulation range to play out to see if the markup will continue.
PPC
The next Peercoin move will be parabolicPeercoin #PPC is one of only 7 cryptos that were around in early 2013. Each cycle it pumps incredibly high. It's one of the laggards as always. This cycle it is heading to $50
JSE:PPC PPC High Volume ActionPPC has been showing abnormally high volumes since May 2020 as it was forming a bottom. Now after finalising the accumulation volume has increased even more pushing price higher and I am expecting a markup to start possibly reaching as high as R5 before reaching the next important decision point.
Trading updates sees PPC testing trendlineJumped over 10% in the morning, will need to break the trendline to remain interesting.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
Could PPC rise from the dead?Not much, but keeping an eye if it can break the resistance line.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
Taking a shot at PPCSomething like 700% down from where it was a year ago, I don't expect a quick rise, but think it might be worth a shot here.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
What do you think?To me it looks like Peercoin has exited the downtrend lasting from it's former ATH and has entered a new, mature market epoch.
PoW difficulty chart seems to support this thesis:
www.peercoinexplorer.net
So does the PoS difficulty chart, which shows that more and more Peercoins are participating in PoS:
www.peercoinexplorer.net
Peercoin Is Now Ready To Grow (Fib. Targets)We looked at Peercoin (PPCBTC) long-term recently, I will share the trade idea below.
Here we have a closer look at the chart with short-term targets based on Fib. proportions.
PPCBTC broke above EMA50 and MA200 and peaked when it hit EMA200 at 0.00003198, soon after prices started to retrace.
Resistance turned support
After EMA50 (magenta line on the chart) was conquered, prices for PPCBTC moved back down and tested this level as support at ~0.00002500.
EMA50 held and prices are now back above this level and also above MA200 (black line).
What this means is that PPCBTC can easily start to move up from here (green arrow).
Conditionsfor change
If momentum is lost and prices move lower, the red arrow comes into play. Right now we are looking bullish, so we aim at the Fib. targets next.
Thanks a lot for reading.
Namaste.
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Peercoin Awakens | Full Chart W/ Long-Term Targets (12,000%+ PP)
Peercoin Awakens | Full Chart W/ Long-Term Targets (12,000%+ PP)Peercoin (PPCBTC) is starting to wake up after a new all-time low and years of bear action... Let's take a look.
Let's start with the long-term chart, here we have the ATL sitting at 0.00001950:
Over 12,000 potential profits from current prices to our ATH (we are using Nov. 2016 peak prices as all-time high).
Consolidating since July 2019.
The RSI just made a nice jump and is really bullish (we are bullish above 40 on the weekly timeframe).
Prices are trading above EMA10.
When we look at the daily timeframe, we can find more bullish signals... Peercoin (PPCBTC) Daily (D)
MA200 conquered yesterday.
Trading volume starting to increase.
New uptrend forming.
Bullish MACD.
Peercoin is very likely to start growing long-term... Remember to have a plan/strategy in place before buying anything if you decide to trade.
Thanks a lot for reading.
Namaste.
Peercoin Hits Bottom | Up to 8300% PProfits To All-Time HighPeercoin (PPCBTC), one of the first cryptocurrency projects to launch and also a classic, hit a new all-time low on the week of the 15th of July and started to print some bullish signals... Let's take a look:
After hitting a new ATL, PPCBTC printed the "Morning star" pattern. This is a bullish pattern and holds additional strength here as we are looking at the weekly time frame.
Together with this new low and the bullish candlestick pattern, we can see a massive increase in trading volume and a huge 100%+ bounce.
Long-term bullish divergence, since late 2017, can be spotted on the MACD (purple arrow).
The RSI hit massively oversold and its lowest ever.
The profits potential for PPCBTC from the current price (0.00004128) to Novembers '16 peak price, is a massive 8300%+.
Just reaching EMA50 (0.00011630) from the current price, which can be easily achieved, can generate a generous 181% gains.
As you can see, Peercoin has been available for trading on Bittrex since April 2014. Good for long-term hold and to diversify.
Any questions?
Feel free to use the comments section below...
It will be my pleasure to answer any questions.
Namaste.
A trading opportunity to buy in PPCBTCTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The price downtrend in the daily chart and the RSI downtrend are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. Price is in the support zone (0.00013300 to 0.00011550), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00013300)
Ending of entry zone (0.00011550)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00017960
TP2= @ 0.00021130
TP3= @ 0.00025085
TP4= @ 0.00029140
TP5= @ 0.00033495
TP6= @ 0.00038600
TP7= @ 0.00047070
TP8= @ 0.00069000
TP9= Free
PPC-BTC Long Trade PlanCommodity : PEER COIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 11.34% to 25.74%
Prospective Loss : 9.27%
RRR : SL to TP1 is 1.22, SL to TP2 is 1.98 and SL to TP3 is 2.78
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
PPC: $1 Short Growth PotentialPeercoin recently had a steep negative correlation along with the rest of the crypto market. It also sustained some higher difficulty targets and different updates regarding its block time and block reward infrastructure. Currently looked at as a hybrid coin, PPC has some profit growth potential given its market history. A potential $1 price target is likely to happen in the upcoming weeks.
There is a possibility for the beginning of an uptrend in PPCBTCTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00014140 to 0.00011550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00014140)
Ending of entry zone (0.00011550)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00018880
TP2= @ 0.00021130
TP3= @ 0.00025085
TP4= @ 0.00029140
TP5= @ 0.00033495
TP6= @ 0.00038600
TP7= @ 0.00047070
TP8= @ 0.00069000
TP9= Free
There is a possibility for the beginning of an uptrend in PPCBTCTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00014140 to 0.00011550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00014140)
Ending of entry zone (0.00011550)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00018880
TP2= @ 0.00021130
TP3= @ 0.00025085
TP4= @ 0.00029140
TP5= @ 0.00033495
TP6= @ 0.00038600
TP7= @ 0.00047070
TP8= @ 0.00069000
TP9= Free