PPT technical analysis

PPT seen from the temporality of 1D we can see how the price has made a throwback to the resistance previously broken during the movement occurred in October 2019, the price has tested the area very well and the candle is showing a strong momentum of more than 20%, we can also see how the candle is so far above the support located at 0.00005310, indicated in the chart above by the horizontal black color, this is a key level of reclaim, if the price manages to close this way, it is very possible that we will see a next impulse towards our profit target located within the price range of 0.00007213 – 0.00007774, within that area the price could find strong resistance that makes the price fall.

PPT seen from the temporality of 4H, we can observe more closely the current movement of candles, where we see the momentum that has taken the price after testing the diagonal and enter the 1D demand zone, in this chart I just want to show the area of supply located at 0.00006561, indicated by the red horizontal color, this is an important supply level to take into account during the bullish movement, and is usually reversed once reached that level.

In conclusion, PPT shows a clean diagonal test so far, the current candle in 1D has found strong imposed, that if we manage to close above 0.00005310, it is very possible that we have a next bullish movement during the development of the current movement, however, if the price falls below the zone of demand located within the price range of 0.00004372 – 0.00004666, the price could go down in search of the bottom located at 0.00003438, with high probabilities of a greater reversal, therefore, I recommend to be very attentive to the action of the price in 1D and always remember to place your stop loss in all your operations to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Steem Should Reset their Payment System.

To get more customers they should use their old system of payment thus paying in sbd to push up the price of sbd and as sbd moves up it will by all means push the steem price high because uses will get steem power in addition also because the price of sbd is higher than steem other will prefer to change the sbd to steem and then convert to steem power which will also add value to the steem. But if it remains this way the price of steem is low and the users will feel lazy to post and earn less in return and the price of it is also not high so they will not post at all. So is high time they change the payment system and pay sbd instead of steem. Because when you look at the bull run of steem and sbd the system of payment was in sbd not steem and when they changed it to steem it started to drop because they started paying sbd, steem and steempower. So I think is better to go back to the normal ways of payment sbd and steempower for the best.

Am Back Again

I went offline for some time. I was trying to get my sh*t together then start my daily posting. Am now back I dont know if things will be the same as it was but lets all hope for the best. Thanks to scripsio for the support they have always been given me. Not like some other curators who just dont know how to manage their members but just get bored and remove members any how. We are all helping each other to get there because of the low in price of the system so if they act like they are on top and dont care about anyone they should continue doing that. And they will one get to know that we dont treat people like that because they will get such treatment not on platform but physical. Long live Scripsio much love….