PREUSDT trade ideas
Presearch ;decentralized search engine ( PREUSDT analysis)📈📉Hello Crypto community Welcome to my new introduction for another high potential project.
💹Rank #393 --- Ethereum Token
Market Cap :$ 137,884,742
Circulating Supply: 396,578,435.00 PRE 79% ✔️👍 good
Max Supply :500,000,000 PRE
💰Holders Statistics:
10 Holders:59.99%
Top 20 Holders:66.49%
Top 50 Holders:74.9%
Top 100 Holders:80.64% ❗🚫risky
❇️What Is Presearch (PRE)?
Presearch is a decentralized search engine with more than 1.5 million users and over 10 million searches a month. It offers users three unique value propositions:
🔰Having control over their data and privacy
🔰Being paid for contributing value to the ecosystem
🔰A decentralization of the search ecosystem
Presearch offers several products with real-world utility. Its search tool allows users to search the internet in the same way they are used to with search engines like # Go o gle or # DuckDuckGo
sources: coinmarketcap.com-www.presearch. io
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📈📉 TECHNICAL
As you can see on the weekly timeframe for PREUSDT , It is trading about $0.366 right now.
Although it has been rising for more than 5 weeks and has grown in price by about 100% recently , it has a local resistance of about 44 cents on its way and It is also approaching the ceiling of its ascending channel . If it breaks its recent resistance, it can even reach its price targets in the short term. But I think a bearish scenario is more likely to happen , and any bitcoin fall could fall more at the same time .
In this case, in lower support points, it can be a good option to enter 3 steps and also a suitable project in terms of investment.
🛑current weekly resistance level: $0.43
❇️current weeky support level: $0.23_$0.27
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more suitable for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice traders and investors to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
🙏with Best Regards
[Update] PRE/USDT bullish channel DailyHi everyone, PRE / USDT is in a bullish movement with contact on the horizontal resistance zone also a pink (dark) diagonal and confirmation in on its uptrend line.
Strong possibility of buying on the check of the one for a price increase by breaking the diagonal resistance in pink (dark).
The chosen objective is a new ATH in exceeding the last high point.
In order to come and seek the top of the upper bound of the bullish channel before witnessing its collapse.
This is not an investment but a recommendation for use
Thank you for taking the time to read my analysis.
I hope you enjoyed.
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Decentralized search engine PREIt's been 3 years since the initial ICO for PreSearch. And Finally they have come out with a product with user-base of 2 million and counting. This is in direct competition with the likes of google although it is far behind from google, it is currently very undervalued projects. Currently market cap is of ~50 million. With more growing userbase, we might see spike of demand for the PRE token, which presents a massive opportunity.
Invest wisely.
$PRE getting ready to make it's move upWe should see a few more days of consolidation in this range. Once $PRE breaks and stays above .29 expect a run to .59. Patients.
I love using the Elliot Wave. We are now completing the 4th leg. RSI about to cross 50 and MACD about to converge. Onto the last one.
PRESEARCH PRICE PREDICTION: JOURNEY TO THE MOONWhy Presearch is dumping so hard at the moment?
- The answer is because it has pumped so hard in the last couple of months.
- It has done 20x OMG 20x!!! from its June/July bottom.
- Current correction: -60% (so sorry for those who jumped in late).
- Bad news: It likely to go down 38% more target 0.1275 (I'm going to place my order around $0.127-$0.135, NFA)
- Good news: Long-term hold for this will be so fruitful. 260x in the table (See my idea on PRE in my profile).
Good luck to you all out there.
PresearchAs seen on chart. The ETH chart has a different base pattern, but Im lazy too go find exactly what I want to show.
Check comments for the worse outcome in this scenario.
Also, IMO due to the low barrier of entry to run a presearch node, this is why we had the previous strong leg up. With that barrier now raised x2, this can possibly explain why price has fallen a bit. The W pattern formed usually allows for at least one bounce on the retracement. I may update this idea w/ other patterns like this to add some credibility.