Potcoin Price Technical Analysis - Bearish Flag Alert!
Potcoin Price Key Highlights. Potcoin price is still consolidating on the short-term time frames and zooming out to the daily chart shows that a bearish flag formation has formed. Sellers are hesitating to push price below the current support levels, as this lines up with the bottom of a longer-term triangle formation visible on the daily time frame. Potcoin price could make a move towards the actual triangle support on a break below the current bearish flag pattern. Bounce still possible? A break above the bearish flag pattern is still possible, though, potentially spurring a large....
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Potcoin Price Key Highlights. Potcoin price continued to trade inside a flag pattern as highlighted in one of the recent technical analysis. Both buyers and sellers seem to be struggling to take the price in one particular direction, which created a range inside the flag pattern. A few technical indicators are pointing towards more losses and a break below the flag pattern. Potcoin price is trading inside a range and it looks like heading towards a break, waiting for a catalyst. Break Down? As mentioned in the previous analysis, there was a sharp decline noted in the Potcoin price which....
Potcoin Price Key Highlights. Potcoin price after a nasty fall managed to find bids around 0.00000259BTC. There is a major breakout pattern forming on the hourly chart in the form of a flag. If there is a break below the highlighted flag pattern, then it might call for sharp declines moving ahead. Potcoin price is attempting to recover some ground, but it won't be easy as sellers seem to be under control. Another decline? There was a sharp decline noted in the Potcoin price recently, as it traded as low as 0.00000259BTC where it barely managed to find buyers. There is a short-term recovery....
Key Highlights. Potcoin price continued to trade lower, as there is a bearish trend line on the hourly chart acting as a hurdle. The price has a major resistance formed around 0.00000242BTC where buyers might struggle. The Potcoin price is below the 100 hourly simple moving average, which is a bearish sign. Potcoin price looks set for more declines, as the price is under the bearish pressure which may increase moving ahead. Importance of 100 MA. There was a downside reaction in the Potcoin price recently, which took it towards the 0.00000227BTC level. Somehow, buyers appeared around the....
Potcoin Price Key Highlights. Potcoin price could be in for more downside, as it appears ready to make a downside break of the current consolidation pattern. The path of least resistance is down since potcoin price is already in the middle of a downtrend. Potcoin price could be in for more losses, pending a likely downside breakout from the current consolidation support level. Testing Range Support. Potcoin price is currently testing the range support at 0.00000250BTC and might be due for a breakdown, as a long red candle has formed. The 100 SMA is below the longer-term 200 SMA, indicating....
Potcoin Price Key Highlights. Potcoin price has been gradually trending lower, breaking below a short-term consolidation pattern and area of interest. This breakdown suggests that new lows are in sight, potentially leading to a test of the floor at 0.00000200. Potcoin price doesn't seem to have bottomed out yet, as the recent breakdowns indicate that bears are very much in control. Bearish pressure piling up. The 100 SMA is below the 200 SMA, which confirms that the downtrend is likely to carry on. Furthermore, the short-term moving average is edging further away from the longer-term SMA,....