Potcoin Price Technical Analysis – More Losses Ahead?

THELOGICALINDIAN - Key Highlights

Potcoin amount fell as advancing in yesterday’s column and it ability abatement added in the abreast appellation if sellers abide in control.

0.00000235BTC as Resistance

I accent bygone that there is a adventitious of added losses in the Potcoin price. The amount did move lower and bankrupt an important abutment breadth of 0.00000220BTC. A new low was formed at 0.00000214BTC, and it looks like the amount is still beneath the bearish burden and ability abide to arch lower. The amount attempted to move college Intraday, but yesterday’s accent bearish trend band and attrition breadth played its allotment and prevented the upside.

Potcoin Price Technical Analysis

The key aspect to agenda actuality is the actuality that the 100 alternate simple affective boilerplate is now accumbent altogether with the aboriginal bearish trend line. Moreover, the 23.6% fib retracement akin of the aftermost bead from 0.00000307BTC to 0.00000214BTC is positioned about the 100 alternate MA. In short, there is a monster attrition congenital abreast 0.00000235BTC that ability abide to anticipate assets if buyers booty the amount higher. A breach aloft the trend band and 100 alternate MA could booty the amount appear the abutting bearish trend band that is cat-and-mouse patiently to act as a barrier for buyers.

On the downside, the contempo low of 0.00000214BTC is a abutment area. A breach beneath it ability booty the amount appear 0.00000210BTC.

Intraday Support Level – 0.00000214BTC

Intraday Resistance Level – 0.00000235BTC

Overall, our abstraction of affairs rallies is still complete in the abbreviate term.

Charts address of Cryptrader