• Broke out of recent short term downtrend, using previous resistance/trendline as new support
• Broke through 50 MA which it's been following closely headed upwards for the first time since last bullish move
• Volume trending up steadily, similar to before previous run-up
• Forming a bullish flag on larger time frames
• Strong tech/fundamentals: Mainnet is launched and users are developers are saying very positive things on twitter/telegram
Summary:
• Aside from technicals, this coin is a good hold because Binance CEO and Overstock are large investors and will NOT let this project ride to zero. They will keep it up and more than likely try to push it higher. If not, and if it's actually not being manipulated, it's an even better hold because that means it is truly decentralized and this project is being valued at true, free market price. Either way, I'm a fan of the tech behind this coin and the chart looks great. All around very bullish.
• Broke through 50 MA which it's been following closely headed upwards for the first time since last bullish move
• Volume trending up steadily, similar to before previous run-up
• Forming a bullish flag on larger time frames
• Strong tech/fundamentals: Mainnet is launched and users are developers are saying very positive things on twitter/telegram
Summary:
• Aside from technicals, this coin is a good hold because Binance CEO and Overstock are large investors and will NOT let this project ride to zero. They will keep it up and more than likely try to push it higher. If not, and if it's actually not being manipulated, it's an even better hold because that means it is truly decentralized and this project is being valued at true, free market price. Either way, I'm a fan of the tech behind this coin and the chart looks great. All around very bullish.