Technical analysis by IlLancelotHere about Symbol PIT on 8/6/2022

Good day friends, have a nice weekend everyone. Although it is a production that does not like meme tokens, there is a project that seems like a sleeping giant in terms of its project and audience. We have broken our monthly downward trend as of this month. The weekly hesitation looks positive in the daily. The price has been extremely tight for the last 5 weeks, we expect a high break. Wherever it is, its movement will come with its reaction by the end of September at the latest. The disadvantage is that MACD and RSI do not work easily in such low-volume coins, it would be more appropriate not to use them. It has not yet been fully listed on major exchanges. Binance Huobi Kucoin Coinbase has not yet visited such exchanges, so its volume is low. A coin that is still at the beginning of the road deserves some time. Our primary high target is around 2400, if it is falling, it can see 480. In the long term, I expect another zero other than the zero nearby. We are following ° Does not contain investment advice In the last 4 days There is a three-inside day movement, a sharp movement will come in the coming days with the tremendous squeeze in the Bollinger Band. However, it will need to close at 9000 to break the triangle. A listing news would be tremendous. We are following. I think a good scholar opportunity has come, they are making us think negatively, it would be harmful to sell our stocks low. Along with the general pullback in the market, pit also reacted similarly, but it is advantageous in terms of the fact that such a low market cap coin should be smoke, but it is still holding on to the support level. We are on the alert in the long term. Good buying opportunities are coming. CZ is still trying to collect from low. Keep following. After the FED interest rate decision in September, the US will slowly loosen the ropes of the market. It will break the 3-way trend intersection this weekend unless the sopriz.nir decrease comes. If a hawkish statement is not made in the Fed decision, it will determine its route around the 19th of the month, after mid-September, the open 4-way trend intersection will determine its route around the 19th of the month, my friends. The reaction to the rise in Bitcoin has not come yet, accordingly, meme tokens such as Volt Vita have increased. Luna On the other hand, it exploits the market, we are following the squeeze and still hasn't been able to establish it. The critical point is 6224-6340. Three inside-days formation is forming again. It needs to close the day above 5864. At the same time, MACD gave a buy signal on the daily. bb It is in a narrowing situation. Let it be a goal this time. Our critical closing value needs to be above 5900. Friends, we are about to break the three inside-days formation at 5848. Unless we close the day above 5800, there may be a short-term decline. Let's be careful. It is currently forming a pennant formation on the daily. It will not close below 5365. If it breaks the pennant upwards, the target is 6000. Closing above this rate will bring good news. It broke the pennant upwards. If it closes above at 7 o'clock, it will be a place of celebration.