It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:
AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.
MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.
Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?
AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.
MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.
Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?
sharp market analysis
never saw that coming. 