The EMAs, (50 and 100), are long gone and the is also heading down, (exaggerated blue line in my graph).
But more importantly the "social" coin seem to have lost its way
- No dev
- No updates
- No Facebook presence.
- No twitter presence.
- Rumours that the one and only dev did a runner.
- No real development, (none that we can see in months, there was a release, by come on... after 4 years, we expected more...).
The only time the coin rises is when it is been pumped... and now dumped.
I will buy back when it is below 30 ... and wait for the next pump
45 is looking increasingly likely
Strange that the downtrend changed so suddenly, I can't really see where it comes from.
But the trend is back downward, as expected.
But I think it will hold around those numbers until the next pump.
But for the sake of the coin, I wish them well.
I stick to my TA, the fact that it probably is pumped shows that it is not a healthy coin.