Status: This new currency has opened in crypto space in the moth of July. After hitting the high of 3.6k Satoshi, it became the victim of bear as it is in downtrend since then. Today , it is trading at 421 satoshi with little negative bias.
Lets take a look at chart below to see status of Status.....
Clear Downtrend
Chart above shows clear downtrend in this digital currency. Moving averages are also confirming this downtrend as 10 days EMA(Blue wavy line) is running below of 50 days EMA( Red wavy line) for quite long time.
Sluggish Trading Activity
There is very less enthusiasm in both sellers as well as buyers in picking Status as their interested pick to trade or invest. This thing shows clearly in chart above as there are very tiny candles most of times.
Conclusion
In conclusion it is wise to stay out of this digital currency because of its downtrend and sluggishness. I advice traders and investors to look out of other currencies in crypto space to trade and invest.
With that said i rest my analysis here.
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Que tal @jimmyrai28 te invito a que veas el actual crecimiento de @ethstatus | Status(SNT/BTC) y comprobarás que estabas totalmente equivocado en tu predicción. Suerte con la próxima!
Hi @jimmyrai28, I invite you to see the current growth of Status(SNT/BTC) and you will see that you were totally wrong in your opinion. I bought at 358 satoshis and now is 3800 exactly, just 10 times more. Good luck for the next!!
Trend at the time of that update was clearly down, thatis why i advised to stay out of this script and after that update i never look at chart of snt again. But that downtrend gets change in between and status got traction after it taken up some smrtphone project.
Really it was opportunity missed on my part but never the less u have made handsome gain by sticking to ur view. Happy investing and stay blessed.
And thanks for criticizing me...
We have to be careful in this world of cryptocurrencies Jimmy. It is not easy to guess. I did it thanks to another recommendation that I followed. In whom to trust, in whom not, that is the question, and it is not easy. I wish you luck!
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