Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - Cryptopia
Are there any indicators that Signatum will rise in price. I am sorry but I am not really good at looking at charts. Maybe there might be indicators but I cannot see them. Can someone help me decide if it is right to invest on this coin. Thanks.
If someone had the brains to scrap all of the arithmetically scaled charts and use log scale... then I could read the chart. Right now the only chart I have found is arithmetically based and, as such, it is useless.
On the arithmetic scale chart, it appears that SIGT headed into a 'descending wedge' after the last rally to 4000 or so. If that IS the case, then we are starting to work free of that patter and that should mean a return to retest the highs in place before the last sell off.
But, I am guessing because it is not possible to see things accurately in anything but a log scale.
Now that is very well put, we got a pro here
how big you invested jimbo? xDJust been mining since 8/7. It's sort of a hobby. But I have been charting the S&P 500 every single day for the last 8 years.
I will think I am OK in saying this... if SIGT makes a solid run over 1300 then the short term bottom should be behind us. That does not mean we do not test it again at some point, but it means it likely heads back to test 4000 first. Bottoms almost never end up being tested just once. Twice is common, as is three times. But I think the cryto market might be too intense and heated for a third. This would be the second test for SIGT since it inception.
Regardless, I told myself I was putting ETH mining on hold while I mined SIGT at least through block 60K.
Well test many bottoms this wont be the last, i also predict a slight increase unless a major pump is happening, with nova in the mix it be slightly harder to manipulate the price with the whales but need more activity on Nova, crypto is just so fast paced and can catch you napping even though you need to nap lol