mitkoenchev

Substratum idea

BINANCE:SUBBTC   None
Here's what I think of Substratum's near future. Before the announcment of the final working platform and the market calming down, I see Substratum going further down a bit, but not lower than the 4000 mark. I think a nice buy zone will form around these levels, which should pay back at least 2-3 fold in a few months. Keep in mind that large players can pump the price a lot, as Substratum is just a $150M market cap project right now.

Substratum is a very good product and I certainly see it reaching at least $600M market cap in the summer, making this $3.00 per unit.

I will personally buy around the 5k levels and hold long until new all time highs are achieved.
Comment: Here's how a double zigzag pattern would look like over Substratum's price. However, 5k satoshi showed to be a strong support and we'll see if it will hold in the next hours. Next stop would be the 4k mark and I don't think it will go lower than that as we are still trading under the lower Bollinger band. Looking at the volume profile, a nice quick jump above 6500 satoshis will follow if the price moves up.

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