Populous | Continues To Look Good (Update)

8 Jun 2020

We've been waiting patiently on Populous (PPTBTC) to take off, bought some of it a few days back and the chart is looking good... we started below:

Now, momentum is building up.

PPTBTC is moving above MA200, a very strong level that worked as resistance multiple times in the past (blue squares).

With prices moving above this level, PPTBTC can easily print an impulse move up.

Note: If prices close daily below MA200, there can be a retrace before any additional growth.

If prices drop and close below EMA50 (0.00003505), our bullish bias is lost and the bears can easily take control... Still, we remain bullish in general above the 8-May All-Time Low.

Thanks a lot for your support.

Namaste.