CryptoPub Daily - Hump Day already?
The early afternoon crowd has shuffled in for a liquid lunch and a look at the charts. Pour you a drink?
We are very slightly in the red on the day with continuing low volume as Bitcoin is down a half point to $6,600. EOS is the lone green currency on my ticker up to just over $5.90 and Ripple looks almost done correcting, down 2 points to $.47. In the Poodle Race, ZRX is in the lead up 6%, followed by ELF then FUN also in the green, and Lumens barely ahead of TRON in last place, down 2%.
T&A today brought to you by @steevc out for a nice run while the weather is good https://steemit.com/running/@steevc/lunchtime-run-back-to-the-country-0ec3ebea2ad5e
The 12-hour bitcoin chart tells a tale of caution and building support. Price dropped to the support line again overnight and bounced back from a low of $6,500. With a downward cross incoming on the MACD and plenty of room to correct down out of overbought, I would see a break back down to the support line, potentially below to 2-month support and potentially below despite a short term bullish recovery. I am trying not to forget the 4-month support line down there and holding onto my exchange fiat.
Coin of the day:
- MobileGo (MGO) - Gaming and Esports currency - https://mobilego.io/ https://www.tradingview.com/symbols/MGOUSD/
Source/News: The sky is falling? https://cointelegraph.com/news/research-says-crypto-market-on-verge-of-implosion-cites-low-transaction-volumes
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It is FUD season isn't it.......