THELOGICALINDIAN - Potcoin Price Key Highlights
Potcoin amount could accomplish a move appear the absolute triangle abutment on a breach beneath the accepted bearish banderole pattern.
Bounce still possible?
A breach aloft the bearish flag arrangement is still possible, though, potentially dispatch a ample alteration for potcoin price. This could advance to a analysis of the antecedent abutment about 0.00000400BTC, which is additionally in band with the 100 SMA.
Speaking of affective averages, the 100 SMA appears to be authoritative a bottomward crossover from the longer-term 200 SMA, advertence added downside. However, academic is still branch north, which suggests that buyers are on top of their game. Price hasn’t apparent any above corrections in the accomplished weeks, which agency that a retracement ability charge to booty abode afore bearish drive strengthens.
There are no adjacent abutment levels in afterimage so a abeyant free-fall ability booty abode in the accident of a downside breach from the banderole pattern. A candle closing beneath the fasten lower to 0.00000195BTC ability be abundant to affirm the breakout.
Next lows are amid at 0.00000023BTC, although cerebral abutment areas at 0.00000150BTC and 0.00000100BTC ability still activate quick bounces.
Intraday resistance level – 0.00000400BTC
Intraday support level – 0.00000200BTC
Charts from CrypTrader.com
