Quote from: buurraakk on July 26, 2018, 11:22:37 PM

Quote from: Smitten_Semi_Cameroon on July 26, 2018, 05:54:48 PM

It looks like Credits has recovered in price today. How quickly the tables can turn when you have a low number of coins coupled with a reasonably sized capitalization.

As long as you're not investing the rent or mortgage, it's clearly a long term hold, and even if you swing trade, Credits is pretty reliable ...

There's nothing like a bunch of starving Russians to brave the cold, alt-coin winter, just ask Napoleon and Hitler.

Lol its dropping like a brick again.

$.18 already.

Its hovering around ico price.
My guess is it will break in halve.

Looking at the volume on the daily and 8 hour charts on KuCoin suggests to me that the bears have run their course. Unless there's some sort of unusual news specific to Credits that paints a very negative light, the selling appears to be over, at least in the short term. This is to be expected, also, given where we are sitting. A lot of buyers who didn't want to get involved in an ICO will wait until the price drops back down to the ICO level, which usually happens long before now. Credits has been unusually resilient.

On the down side, the chart does appear to show a bear flag in play, which could mean that the selling is not over. So it's a mixed bag, but most savvy traders will look at the volume profile as their chief indicator of selling pressure, so until I see a big spike in bear volume, I'm not convinced we're headed down to the pre-ICO price.

I'm shocked to see some of my favorite projects, which ICO'd around the same time as Credtis, also being punished, some with better prototypes like AGI. It doesn't get much better than Sophia, their robot, yet they have crashed down in similar fashion, of late, so that tells me this is more than a Credits issue.