PPTBTC

Seven months old but has a lot of potential on the long run, POPULOUS.

Quick Snapshot Of Populous:

Marketcap (current)   $873.94M

Price (USD)              $23.62

Price (BTC)               0.0023฿

24hr Change (%)       +6.34%

24hr Trade Volume     $3.25M

All Time High             $75.67

All Time High Date     2018-1-29

% down from ATH      68.79%

Populous ROI

1 week              -18%

1 month             -53%

3 months            90%

6 months            495%

Populous describe itself as a "platform for buying and selling invoices globally", and as an "invoice and trade finance platform on the Ethereum blockchain."

Populous issued an ICO from July 16th 2017 to August 16th 2017 in which 36 million tokens were sold to the public out of a total of ~53.25 million total tokens. The portion not sold to the public is allocated to the Populous team, company, and bounties.

TECHNICAL ANALYSIS

With an ATH of $75.67, PPT has moved down to a previous low which is currently on a support of 0.0020435sats which was also held back on the 12th and 28th of december 2017. With this new strong support level, PPT has gradually come to the end of it's down trend with a FALLING WEDGE.

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.

Technicals suggests that the wedge has been broken and a throwback is currently taking place, a strong buy level should be between  current price which is 0.0023443sats down to 0.0022282sats, with a stop loss around the fractal. Potential stop loss should be 0.0018021sats. Target to start selling should be from 0.0040162sats up to 0.0047234sats