The recent price increase for $PINK doesn't appear to be just a random pump & dump. To summarize the recent activity on $PINK, the price went from a low of 13sats to a high of 34sats. Then, over the past week, the price oscillated between 23sats and 28sats, forming a bull flag.
While bull flags aren't completely reliable, my opinion is that this is rather significant considering the overall outlook in the market regarding alts. With bitcoin settling into a comfortable channel and a likely bull run to come in the Spring of 2020, we may be seeing the first stages of a massive push for $PINK's price.
With the assumption that this bull flag is true, my strategy is to HODL $PINK and sell at the 280-330sat range. This is the location On the shorter time frame, I think we could see $PINK hit 52 sats in the next few weeks.
While bull flags aren't completely reliable, my opinion is that this is rather significant considering the overall outlook in the market regarding alts. With bitcoin settling into a comfortable channel and a likely bull run to come in the Spring of 2020, we may be seeing the first stages of a massive push for $PINK's price.
With the assumption that this bull flag is true, my strategy is to HODL $PINK and sell at the 280-330sat range. This is the location On the shorter time frame, I think we could see $PINK hit 52 sats in the next few weeks.
