First of all the coin is going down, the next support is at 65 or even lower at 45.
The EMAs, (50 and 100), are long gone and the volume 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
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Well... we flew past 65 rather quickly
45 is looking increasingly likely
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Looks like the coin is been pumped for some reason.
Strange that the downtrend changed so suddenly, I can't really see where it comes from.
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Ok, the pump seems to be over, the volume is still very good.
But the trend is back downward, as expected.
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We seem to be well on our way to 40/45, in this current market I would not be surprised if we reach it within 48 hours.
But I think it will hold around those numbers until the next pump.
Possibly from BTC/RDD being added to Upbit in Korea?
GoodmanSimon
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@comtrang, yeah, I thought so as well, but why would the coin jump so much when it has no active development, no releases, almost zero social presence, (ironic for a 'social' coin), only one dev who has missed almost all the deadlines since 2014. Korean investors are not that foolish.
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.