Poloniex: Pinkcoin Long

2 gen 2018

I believe if you look at Pinkcoin as a whole, it already had some bullish runs. I think with a 53% risk at a sustainable target, is still very conservative or investible for some returns. The most likely scenario is another bull run or steep positive correlation in July 2018 similar to the August 2017 run. This is true when looking at an RSI strategy or Fibonacci sequencing. That is why I would suggest a long HODL. However, the risk is knowing when to sale before a steep negative correlation similar to what happened in its previous high point. The potential for another breakout around 6 months is likely given that the patterns it been following is similar. However, I would suggest to use an indicator to maximize your gains because even if it will be a long, the exit at that point needs to be really short.