Trend reversal short-term for POTCOIN

in #cryptocurrencies8 years ago (edited)

The chart below shosw the hourly price action for POTCOIN/BITCOIN on the Poloniex exchange. 

It looks as if the short-term trend is changing from down to up, as the market is now crossing above the Alligator indicator. Morevoer, we have a double bottom on the daily timeframe with strong support at 0.00000144. 

Buy positions should look to target 0.0000022.



#potcoin #cryptocurrencies #bitcoin #trading



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Yeah, they announced they are starting a social network to compete with steem.
http://www.potcoin.com/2016/07/21/killer-app-powered-potcoin/
I think they also are moving to graphene or the NXT platform. I remember hearing something about that around their last pump on April 20th.

Still couldn't pay me to baghold it.

Hmm its gonna be interesting to see these new social platforms emerge... Yours is one based on bitcoin while Steemit has captured a share of the market and is doing its thing.

PotCoin likes your opinion :-)