dctobkk

GUPBTC: Bottom found?

dctobkk Updated   
BITTREX:GUPBTC   None
So Matchpool is an interesting token and has some potential. It's basically a platform for people to connect. So the community can create 'pools' where like minded individuals can congregate. Can be used for anything from dating to jobs etc etc. They recently announced that they would be moving over to the QTUM blockchain. Not sure if they are leaving Ethereum or not.

On this chart, I'm wondering if GUP has finally bottomed and is posed for a turnaround. EMA are still upside down and bearish, but both RSI and Stoch are confirming oversold conditions with crossovers which could be signaling trend reversals.

Now is definitely a risky time to be buying alts, so be careful. Matchpool is a very low cap alt, so the swings in either direction could be magnified.
Comment:
Shot right up to resistance and dropped back down. Still time to accumulate.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.