PTOY is ready to POP OFFWhat does PTOY offer? Medical history app, Covid-19 app. Ya, you heard that right. The project has been going since 2015 and they have a female African-American CEO. It's a CRIME this project has been ignored this long. Marketcap? Barely over $1 Million dollars (WOW)
PTOYUSD trade ideas
Looking for a new GEM 3 ( shit coin in crypto )Willing to buy my own bag ( that I sold in November) if it stays above the support-line.
WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET!
1 ) Don’t risk more money than you could afford to lose without ruining yourself.
2 ) Be so picky who to follow in the crypto market! Over 80% are people are loser. Don’t follow the crowd.
3 ) Every 50% loss began as a 10% or 20% loss. Learn to always sell coins quickly when you have a small loss rather than waiting and hoping they’ll come back.
At first I tried to practice on paper without investing any money in crypto in 2016 . But I soon discovered that working on paper was quite different from actual investing. It was like playing cards without any dollars in the pot. It had as much savor and excitement as bridge at an old ladies' home. Everything seemed very easy on paper with no money at stake. But as soon as I had some invested in a crypto the picture became quite different. With no money involved I could easily control my feelings, but as soon as I put dollars into a stock my emotions came floating quickly up to the surface.
Target? The charts speaks itself!
Patientory Emerging UptrendPatientory started to show signs of life after it went down from $0.6 to $0.12, where it finally found the support after losing 75% to USD. Following the bounce of the $0.12 support it went higher and broke above the downtrend trendline, and on the 30th of November, it bounced off the uptrend trendline.
While printing higher highs and higher lows, clearly there is a sign of the potentially emerging uptrend on PTOY/USD. Today Patientory managed to close above the 200 Moving Average, which is yet another confirmation of its' strength against the USD.
The upside target is seen at $0.47, which is inline with two Fibonacci retracement levels. First is 427.2% applied to the corrective wave after the downtrend trendline, while second is 76.4%, applied through the all-time high at $0.6. Currently, it is trading at the $0.2 support and could be rising from there. Only a break and close below the major support at $10 psychological level would invalidate this outlook.
PTOY / Dollar waiting for breakoutPTOY was in a falling wedge and managed to get its head up on an up-trending support (higher lows).
If price breaks MA 50, we could see a potential move to the resistance in the top of the Ichi cloud.
I think a safe entry would be above the MA 50, but obviously, maximum opportunity for profit would be close to the support, but that would take more time to get the profit.
PTOYUSD Patientory bullish harmonic bat patternBullish harmonic bat pattern when you study this coin against the USD says we could see a powerful move higher (bats retrace hard).
A close above PTOYUSD 0.231 confirms the reversal then targets are 0.365, 0.456, 0.844 and 1.016
PTOY Entry PointPTOY has been on a downward trend due to the following:
Insane bullish run in Bitcoin
Uncertainty about PTOY as a company (there is fear around miscommunication and execution from the executive team. Negative news and positive news are magnified within crypto)
I'm not sure how soon, blockchain will be implemented within Healthcare...but I think it will eventually. If PTOY can clear the air and release some sort of product, they will have first mover advantage in this space. With a current market cap of about 10 million (trading at .15 per PTOY), I think this project is undervalued. Announcements of partnerships or the release of the app product should result in an increase in price. However, we'll have to wait and see if the team can clear the air and gain some of its reputation back. Apparently there was miscommunication about FDA approval and the app. The team plans to do an "Ask me Anything" session by the end of the year. If this can gain investor's confidence and establish clarity around the app's progress, I think we can see the price rise. However, if the team fails to communicate, or releases negative news, this thing will continue to slip. First mover advantage is key here, as the team isn't too experienced in this space. If they can get their product out, hype alone will increase PTOY demand.
Also, RSI is oversold on the daily and Bitcoin fork is occurring soon. Ideally after the fork, we see some money flow back in to alt coins. This + favorable communication is bullish in my opinion.
PTOY USD pushing to new recent highs?PTOY looks like it wants to build support at the 23% retracement.
Next resistance at the upper end of the red channel - could see PTOY touch 70-80 cents in the days ahead
