Spread Coin Spiking
Updated
BITTREX:SPRUSD
Spread Coin just started to spike up with huge volume the last two days, and that is after a huge decline from almost $3.00 dollars to just $0.20 dollars, right now it is sitting at $0.40 dollars. We also just got a MACD buy signal, which is very positive.
It just clear the 8 EMA and the 20 MA, and looking at the chart, there is no real resistance until at least the $1.00-dollar mark, which will also coincide with the 50 and 200 MA, and the 0.236 Fibonacci Level.
It looks like an easy bounce to the $1.00-dollar mark in the next 2 weeks or so. That is about 150% return from here.
It is a very, very, very small cap coin, with just $3.7 million dollars of market cap, with also huge long-term potential. But for that same reason, I wouldn’t put more than 20% of my portfolio in here.
coinmarketcap.com/currencies/spreadcoin/
I don’t see the big Alt. Coins like Ethereum, Ripple, Litecoin and others rallying big time before the Segwit2x Fork on Bitcoin, which is not due until the November 16, so this kind of trades seem like a good place to be for the time being.
Good Luck to You
Spread Coin just started to spike up with huge volume the last two days, and that is after a huge decline from almost $3.00 dollars to just $0.20 dollars, right now it is sitting at $0.40 dollars. We also just got a MACD buy signal, which is very positive.
It just clear the 8 EMA and the 20 MA, and looking at the chart, there is no real resistance until at least the $1.00-dollar mark, which will also coincide with the 50 and 200 MA, and the 0.236 Fibonacci Level.
It looks like an easy bounce to the $1.00-dollar mark in the next 2 weeks or so. That is about 150% return from here.
It is a very, very, very small cap coin, with just $3.7 million dollars of market cap, with also huge long-term potential. But for that same reason, I wouldn’t put more than 20% of my portfolio in here.
coinmarketcap.com/currencies/spreadcoin/
I don’t see the big Alt. Coins like Ethereum, Ripple, Litecoin and others rallying big time before the Segwit2x Fork on Bitcoin, which is not due until the November 16, so this kind of trades seem like a good place to be for the time being.
Good Luck to You
Note
I had increase my position in Sread Coin big time now at about $1 dollar. Expect to reach $3 soon, maybe as soon as next week.Chart looks great, here it is:
Note
I partially sold my positions, even though I expect it to climb in terms of Bitcoins in the short term. Because I'm seeing a big decline in Bitcoin ahead, this month, and that might mean lower prices in it in terms of USD Dollars. Taking refuge on USDT Tether for now, in all my positions. But I will buy it back as soon as the decline in Bitcoin finishes.
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