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Propy

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PROUSD trade ideas

Propy (PRO) Technical Analysis & Market OverviewCOINBASE:PROUSD Current Price: $1.37 Market Cap: $136,847,352 Volume (24h): $2,792,208 Circulating Supply: 100,000,000 PRO Technical Analysis: Support and Resistance: - Support: $1.19 - Resistance: $1.69 Indicators: - EMA: The price is below the 50, 100, and 200 EMA, indicating a bearish trend. The 21 EMA also acts as resistance. - MACD: Bearish, with the MACD line below the signal line and a negative histogram. - RSI: At 46.67, indicating bearish sentiment but not oversold. - OBV: Decreasing volume, aligning with the downward price trend. Trend Analysis: - The price is in a downward channel with lower highs and lower lows. - Watch for a breakout above $1.53 for potential bullish reversal. Volume Analysis: - The 24-hour trading volume increased by 12.86%, but not enough to reverse the bearish trend. Market Sentiment: - Mixed sentiment in the community, with some bullish perspectives looking for a reversal and others bearish due to recent declines. Propy Overview: COINBASE:PROUSD is revolutionizing the real estate industry by integrating Web3 technology, offering a seamless and secure way to buy and sell homes. COINBASE:PROUSD supports transactions via bank transfers, cryptocurrency, and even as NFTs, simplifying the process for agents, buyers, and sellers. Recent Highlights: - All-time High: $6.15 (Jan 05, 2018) - All-time Low: $0.02956 (Mar 12, 2020) - 30-Day Performance: -30.38% Propy's Achievements: - Processed $4 Billion in transactions - Collaborations with leading real estate companies like Compass, eXp, The Agency, Redfin, KW, Remax, and others. - Recognized for integrating blockchain technology to facilitate cross-border real estate transactions. Join the Future of Real Estate with Propy: - Experience faster, simpler, and more secure transactions with Propy's integrated escrow and title company. - Become a Crypto Certified agent and handle cryptocurrency and NFT transactions effortlessly. Community Insight: - COINBASE:PROUSD is gaining traction among venture capitalists and high-net-worth individuals. - The platform is recognized for its potential to transform the real estate industry by addressing longstanding challenges. Conclusion: COINBASE:PROUSD is currently in a bearish trend with key support at $1.19. Indicators support the bearish sentiment. Traders should watch for price action around the $1.32 support level and any break above the $1.53 resistance level for potential reversal. Stay informed and leverage Propy's innovative technology to stay ahead in the real estate market. For more details and to join the Propy revolution, visit Propy's Website .
COINBASE:PROUSD
by thedailyinvestor
Propy already trying to trigger bigger invh&s pattern? Prop has technically already completed a right shoulder and currently has a decent sized green candle above the neckline. That shoulder is extremely small and disproportional to the rest of the inverse head and shoulder pattern, but I’ve seen even uglier looking versions of this pattern get validated so it is quite possible we could see it validate on the current breach above the neckline. What I’ve also seen many times is price action going back below the neckline 1-4 more time before the official breakout validation happens. Either way once the first breach happens it’s always wise to start keeping a close eye on an inv h&s patter. The breakout target for this one is pretty massive, around $42 or so, so I plan on trying to add some more propy to my holdings before the validation is confirmed. *not financial advice*
COINBASE:PROUSD
by DrDovetail
7
Propy’s Linear chart has a more realistic invh&s targetI posted my previous Propy chart on here before realizing I had the chart mode set to logarithmic. Log charts also do usually reach their targets as well but sometimes it can take multiple bull runs to hit the really high targets on a logarithmic chart. So I thought it would be wise to switch the chart to linear and show what the linear breakout target would be for the inverse head and shoulders target as it has a much higher probability of reaching this target within a month or few of it validating the inv h&s breakout. We can see the target for the pattern on the linear chart is considerably lower and only at $5.60 instead of the $42 price the log chart has the measured move target at. I can believe that propy could eventually hit $42 but theres no guarantee that happens this bull run, sometimes log chart targets take multiple bull runs to get reached. That being said, it is still very possible propy could reach such a price this bull run, so its wise to include that price target as a real possibility, but also even wiser to not consider it a certainty by any means(at least not for the current bullrun). For now I’m setting my pragmatic sights for the invh&s breakout target at around $5.60(depending on whenever the breakout is actually validated which could take many more dips back below the neckline first) *not financial advice*
COINBASE:PROUSD
by DrDovetail
3
Revolutionizing Real Estate: The Rise of PropyIntroduction: In a world rapidly embracing digital transformation, Propy (PROPY) stands out as a beacon of innovation in the real estate sector. By leveraging blockchain technology, Propy introduces a new paradigm for property transactions, offering security, efficiency, and transparency like never before. Key Highlights: Innovative Technology: Propy utilizes blockchain to create a tamper-proof, decentralized registry for real estate transactions, making the process more secure and transparent . PropyKeys and Real-World Asset (RWA) NFTs: The introduction of PropyKeys and the ability to mint real-world addresses as NFTs marks a significant leap towards digitizing property ownership and trading on the blockchain. This approach not only ensures the immutability of property records but also opens new avenues for property transactions, including micro-mortgages and instant sales . Ecosystem and Utility: Propy’s ecosystem is designed to facilitate seamless cross-border property transactions, powered by the PRO token. The ecosystem includes a decentralized land registry, a transaction platform, and smart contracts to automate the real estate transaction process, making it efficient and reducing the need for intermediaries . Global Impact and Adoption: With successful real-world applications and collaborations with governments for pilot projects, Propy is setting a new standard for the future of real estate transactions on a global scale . Market Potential: The global real estate market is immense, with the residential address market in the United States alone valued at an estimated $30 trillion. Propy’s innovative blockchain solutions position it as a key player poised to capture significant value by modernizing this traditional sector . Investment Considerations: Growth Potential: As blockchain adoption continues to grow, Propy’s pioneering solutions in the real estate market present a unique investment opportunity. Risks: Like any investment in the crypto space, it’s essential to consider market volatility and the early-stage nature of blockchain applications in real estate. Community and Development: With a strong focus on community governance and open-source development, Propy encourages participation and innovation within its ecosystem. Conclusion: Propy represents a forward-thinking approach to real estate transactions, challenging traditional methods and paving the way for a more secure, transparent, and efficient future. As the platform continues to evolve and expand its reach, #Propy may well become the Amazon of properties, revolutionizing the real estate industry for generations to come. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your research and consult with a financial advisor before making any investment decisions.
COINBASE:PROUSDLong
by thedailyinvestor
✴️ Propy Grows 150%, Let Me Explain Patience Again!Propy (PROUSD) peaked in January with another high in February and went into long-term correction mode. June comes and most likely you decide to sell because it is going down and you are tried of waiting, you want to buy another pair, some of the action, another coin. But what if Propy peaks in January and goes sideways until July and then breaks bullish and hits a new high? Would you wait then? Since there is no drop, you have faith/hope or you know that things are good, you can wait. It doesn't work that way. Paper losses are irrelevant, prices can go down, can go up... How long are you going to hold? What's your plan? That's the most important thing to know. Propy recovered 5 months of correction in a matter of days. Yesterday it hit the same level as in February... You could have been looking at sideways consolidation and patiently wait. That's why we focus on the long-term. Patience is key. All the correction has been recovered and now we aim for new highs, a new peak. On the other hand, we sell portions at each target, we sell each time prices go up. When the correction comes, we buy on each drop, every time prices hit support. There are many ways to approach trading but if you are doing spot, a mistake can turn into a long-term wait, there is no need to take a loss. Taking a loss is fine of course but not if the next day everything goes up. Sell high and buy low. Namaste.
CRYPTO:PROUSDLong
by AlanSantana
PROUSD Analysis May 6, 2022We are Neutral to Bullish on Propy, PRO . Great tokenomics on this project! We still have the two (2) BUY indicators in play from April 27, we are above the ($1.56) Support Line, and trying to break above the Daily Downtrend Line. It's safe to say that we are in a crypto bear market right now but will PRO and LINK be great projects for real estate NFT's when the next Bull run starts in the beginning of 2023...? Anything of value can be an NFT, right? Not Financial Advice...Trade with Confidence and Control.
COINBASE:PROUSD
by tradinggrey
Propy Coin nice set up for a 30% run I bought the dip on Propy... There is so much hype and attention around this project that I do not think the current bull run is over; ATH post-Coinbase listing was 4.83 - main reason I think we didn't hit $5 is because of profit takers securing some $$$ With over a 20% correction in the lsat 24 hours I see a short-term bull play forming... I will not hold Propy past 4.10 Not financial advice just posting the plays I'm making myself. Follow for more!
COINBASE:PROUSDLong
by seymour-ganes