Two brothers and their journey to the moon. PPC and NMC Breakout

9 mar 2016Peercoin and Namecoin have a significant price correlation due to their highest volume being traded on the same exchange, BTCe. Namecoin's recent trading volume increase on BTCe and Poloniex signals the start of a BTCe alt coin rally. There is plenty of room for the average directional index (ADX) to continue upwards with the +DI line following it's lead. With the ADX above 25 and rising, one can see a strong positive trend forming. The 20 RSI bottomed around January 1st and has breached through the 50 line and climbs upwards.