Peercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal.
I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,