Potcoin Price Technical Analysis - More Losses Ahead?
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....
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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 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....
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....