Cryptoccurency Peercoin vs Btc flag pattern with strong support

25 mars 2017

Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. Energetic movement put pair in consolidation, 0.00050000 level is acting as strong support. Once again I assume that 200 Ema will help pair to bounce higher. My SL is placed far below 5000 mark as safety precautions. Many times pair is doing sharp movement to create doji candle and it triggers most Stop losses close to the strong support, then after candle is formed price is going in desire direction. It is also quite possible that pair will go straight to take profit area that's why I would prefer to open position now rather that wait for more confirmations.