Peercoin (PPCBTC), one of the first cryptocurrency projects to launch and also a classic, hit a new all-time low on the week of the 15th of July and started to print some bullish signals... Let's take a look:
After hitting a new ATL, PPCBTC printed the "Morning star" pattern. This is a bullish pattern and holds additional strength here as we are looking at the weekly time frame.
Together with this new low and the bullish candlestick pattern, we can see a massive increase in trading volume and a huge 100%+ bounce.
Long-term bullish divergence, since late 2017, can be spotted on the MACD (purple arrow).
The RSI hit massively oversold and its lowest ever.
The profits potential for PPCBTC from the current price (0.00004128) to Novembers '16 peak price, is a massive 8300%+.
Just reaching EMA50 (0.00011630) from the current price, which can be easily achieved, can generate a generous 181% gains.
As you can see, Peercoin has been available for trading on Bittrex since April 2014. Good for long-term hold and to diversify.
Any questions?
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