PotCoin Boom


PotCoin does show some good potential after breaking above the resistance area and $0.2 psychological level. Price rejected the 200 Moving Average and previous resistance which is now acting as a support.

POT/USD could be just about to rally, by 200-300% in a relatively short period of time. The first target is seen at $0.82 where two Fibonacci levels are inline. First is 561.8% applied to the previous all-time high, prior to the breakout. And the second applied to the current corrective wave down where support has been rejected. Only a break and close below the support area could invalidate bullish outlook.

Source: http://cryptopost.com