Watch Crypto Pirate Chain (arrr)

I'm not sure which way this is going to break, but you may want to keep an eye on it. It's consolidating in a few ways. First there is a large falling wedge that "stopped" on 18 June. It never did break the bottom resistance. I find falling wedges typically end up breaking higher as the price consolidates toward a bottom. Then there is another falling wedge inside the bearish pennant that it did break the top resistance for two periods. And finally we have the bearish pennant that is clearly consolidating. Keep an eye on it. If it breaks lower you can watch for a new low. If it ends up rising the falling wedges may have indicated good buying opportunity. As the US is increasing IRS agents Pirate Chain is one of the very few truly fungible (anonymous) crypto coins. I expect it to have more value because of this as some people try to hide money from the IRS.