Potcoin Price Technical Analysis - Ready to Break Support?
Potcoin Price Key Highlights. Potcoin price is hovering around the descending triangle bottom visible on the daily time frame. A downside break could take place, as bearish momentum appears to be building up after the pair consistently formed lower highs. Potcoin price could be in for a huge downside break of triangle support, spurring a longer-term drop below the 0.00000250BTC level. One more pullback? However, selling pressure may have already been exhausted as the consolidation has gotten tighter, indicating hesitation. While the 100 SMA is below the longer-term 200 SMA, indicating that....
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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 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 has been steadily trending lower, moving inside a descending channel pattern on the 1-hour time frame. Price is testing the latest lows and might be due for a move down to the channel support at 0.00000220BTC or lower. Potcoin price could carry on with its ongoing selloff, as technical indicators also confirm that further losses are likely. Bounce Off Channel Support? Potcoin price might still be able to take a break from its dive if the bottom of the descending channel holds as short-term support. In that case, price could head back up to the....
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....
Key Highlights. Potcoin price declined and broke the highlighted channel support area to trade lower. The price traded close to the last swing low of 0.00000259BTC and looks set for more losses. A new low might be created by sellers if there is a divergence created on the hourly RSI. Potcoin price moved lower and it looks like sellers might attempt to create a new weekly low in the near term. New Low? We forecasted a break in the Potcoin price below the highlighted channel support area. There was a break, as sellers stepped in for a downside move. The price declined and traded close to the....