Cryptologist

$PEAQ Good movement over the last 2 days since the breakout of the falling wedge. $0.58 is acting as the strong resistance area for the time being, but I'd imagine a retest above around $0.60 is on the way soon. The key will be flipping $0.55 to support. Let's see if we bounce.

$PEAQ A confirmed breakout of the falling wedge on the 4H, though we'll need to wait until daily close for true confirmation. I think things look good here, though. Expect some resistance at the round number resistance area around $0.55, but I expect a retest of $0.60 soon.

$PEAQ While the unfavorable market conditions have continued to push things down even further, $PEAQ has managed to firmly hold the $0.50 support area, which is a huge sign of strength. On the 4H I see this clear inverse head and shoulders setup ready to play out. Let's see.

$PEAQ As we push towards reclaiming $0.55 and potentially seeing this double bottom setup play out, it's important to remember that we will ONLY have confirmation of this pattern upon a breakout above the neckline, which in this case, would be $0.60. Long way to go, but let's see

$PEAQ Slightly adjusted for a more accurate reflection of the recent price action, but the idea for the double bottom still stands, and seems to be playing out nicely. 4Hr is flipping bullish bullish again, which is good, but the key will be reclaiming $0.55. Once done, $0.60.

$PEAQ So far so good on the double bottom potentially playing out. Certainly a good show of strength with this bounce, as is, off the $0.50 support. However, for real confirmation, we will need to reach $0.60 again and then blow past it. Long way to go, but good start. Let's see.

$PEAQ is currently testing out the support at $0.50. It has held strong up until this point, so we shall see how it fares this time around. I still think this is a perfect example of a classic double bottom setup, but it's possible we go much lower from here, maybe $0.40 or so.

$PEAQ Ultimately, the natural ascending triangle has broken to the downside, which, for the time being, may invalidate the current uptrend we've been in. However, I do foresee a perfect opportunity for a classic double bottom to play out here at the $0.50 support. Let's see.

$PEAQ Trend line is still being respected with that 4H close just above it. This close has further confirmed the natural ascending triangle that has formed here under the $0.60 resistance, though on lower time frames, the 1H 200 EMA looms above as resistance at $0.58.

$PEAQ must stay above this pink line, otherwise it will likely indicate a trend reversal for the time being. It has been firmly pinned below the $0.60 resistance level for a couple days now, creating a natural ascending triangle. A breakout above would be a big show of stength.

In the midst of overall bearish price action in the market over the last few days, $PEAQ has been in a healthy correction given it's strong upwards price action going against the grain. A falling wedge has brought it down to about $0.5, but we may be breaking out here.