Potcoin Price Technical Analysis - New Lows in Sight?
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,....
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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 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 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 declined further and broke the last low of 0.00000259BTC to create a new low. The price traded as low as 0.00000249BTC where sellers were seen struggling to gain pace. There is a possibility of a recovery in the near term, which means we might get one more opportunity to sell. Potcoin price moved lower and reached out final sell target of a new low below 0.00000250BTC and looks set for more losses. New Low? We were anticipating a new low in the Potcoin price below the last swing low of 0.00000259BTC. There was a decline noted, as the price traded....
Potcoin Price Key Highlights. Potcoin price continued to nosedive as sellers remained in control taking the price further lower. The price reached our final sell target of 0.00000200BTC where buyers are putting up a fight. There was a channel break noted on the hourly chart, and its support is now acting as a resistance. Potcoin price fell further and reached our final sell target of 0.00000200BTC where sellers might step back for some time. TP Hit, What's next? Our idea of more downsides worked for the Potcoin price, as it continued to move lower and even broke the last low of....