PROMPROM is a High-performance scalable network based on Polygon CDK. PROM is an innovative gaming NFT marketplace that allows users to buy, sell, and trade NFTs.
Anyway, PROM chart seems very promising. A huge rise followed by a correction phase which seems unfolding in a big triangular pattern. Currently, PROM is at the bottom of this triangle, the best place to buy. When PROM breaks this triangle upward, that mean the next upward phase has already started. Let's see what happens.
PROMUSD trade ideas
Short idea on PROMUsually Alts retraces after a strong uptrend to the 0.382 Fib level, my target for retraces are 0.382 but also the golden ratio 0.618-0.66, I would not long from these levels as BTC behaviour isn't clear for now, perhaps I would like to take a short between the OB n.2 and 2 Fib Extension level. I marked out my area of interest for an eventual short opportunity. We could also see an Equal Highs formation before the downside with the swipe of 1.618 Fib Extension. I will be watching closely using Exocharts for pulling the trigger when price will reach my area of interest.
PROM MWY BREAK THE RESISTANCEPROM is in a range trading between 15.000 and 22.000
If it break the resistance (22.000) it will go up strongly for higher targets.
But if it breaks the trend line it will reach 15.000 and will supported there.
Prom - ready for another rally Very risky trade as it is a small cap with good fundamentals. So make sure to keep stop loss at 12 and hold it till we achieve our targets.
PRIMUSD: Bullish Pennant (142%), NonePrimary Target (short term):
Bullish Pennant (142%)
PT = 132.19$
Secondary Target (Long term):
None
PT = None