Potcoin Price Technical Analysis - Continuous Decline
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....
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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 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 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 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 moved further lower Intraday, and even created a new low below 0.00000220BTC. The price looks like struggling in the short term, as yesterday's highlighted bearish trend line and resistance area acting as a hurdle. The Potcoin price is still below the 100 hourly simple moving average, suggesting more losses ahead. Potcoin price fell as anticipated in yesterday's post and it might decline further in the near term if sellers remain in control. 0.00000235BTC as Resistance. I highlighted yesterday that there is a chance of more losses in the Potcoin price. The....