Seraphic

Potential upside action of eboost

Long
Seraphic Updated   
BITTREX:EBSTBTC   None
eBoost 4Hr
After a recent 60% pullback from a recent high we see the following
- The RSI is coming back from being grossly oversold
- A Golden Cross on the 4 Hour
- A healthy increase in volume
IF This were to break out we could see upward potential of 500% + + +

Targets have been placed at previous key intervals.
- 6275
- 10580
- 14777
- 19645
- 23300
- +++
Stop Loss 2938
Comment:
After looking into the project, there is a LOT of negatives behind it.

eBoost is an eSports token. Purely designed to be a method of payment. (ONLY in eSports)
- After diving into their website, they haven't updated since Dec 31st 2016 not a good sign at all, looks dead
- I checked their Facebook page and it was worse (September 2016)
- Then to my surprise after looking at their twitter they're relatively active, they're posting 5+ tweets at a time every 1-2 weeks

In their postings, included posts of further exchange listings. Including putting an application in for Binance. May 10 - Subsequently that's when they started to have increases in volume - people hyping up to believe a listing is possible.

Looking at the project and how high the standards of Binance are relatively to the tokens they list (At least it seems that way, $BCN, wtf?) A chance of Binance seems extremely low...
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