Reddcoin - this is not going to end well.
Updated
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
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
Note
Well... we flew past 65 rather quickly45 is looking increasingly likely
Note
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.
Note
Ok, the pump seems to be over, the volume is still very good.But the trend is back downward, as expected.
Trade closed: target reached
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.
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