Point : I'm in this for the long haul as I like the functionality of this coin as it is akin to litecoin to bitcoin
, with monero. However if you are looking for a short pop I think we're about to get it here. Prices have been slowly climbing and you can see the intraday pattern well on the 4HR chart where we have climbed recently and held the gains well. So when you look at that in the perspective of the daily chart
with the expanding ADX
and rising RSI
we can see it looks like we are in the middle of / starting a new uptrend. I don't usually mess with altcoins but I feel there may be something special here because of the functionality behind the tech + only 4 million coins left to be mined is a relatively low float.
Counterpoint : No real news for this new uptrend and could just be part of a pump and dump scheme although I'm not aware of one. Downside risks include testing .0002 again.