At Coin Inquire, we offer free price signal of
FORESTING ( PTON/BTC ) and other cryptocurrencies. Today July 03 we are beginning a new series of free signals for top cryptocurrencies including FORESTING ( PTON/BTC ).
Foresting (PTON) Overview
FORESTING is a new generation social media platform that rewards content creators for their time and creativity by using blockchain technology.
Foresting (PTONBTC) Chart Analysis
- Foresting (PTONBTC) hit a low on the 13th May, now this low has been tested multiple times and holding strongly.
- While the price for Foresting went flat, we see the MACD and RSI steadily climbing up.
- We can also see volume increasing and moving in favor of the bulls.
- Here we are looking at a potential bottom.1
Foresting (PTONBTC) Full Trade
Next support: 4
(1) 8 -Reached 3-July (+33%)
(2) 12 -Next target.
Profits potential: 566%
(Buy-in calculated at 6 satoshis)
Stop-loss: Close weekly below 3.
Capital allocation: <5%.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.