FIRSTBLOOD 1ST down trend broken, all indicators came bullish. SHORT TERM TARGET of 65k!
Today FIRSTBLOOD (1ST) has broken the downtrend in Bittrex since the top made in june, just few days ago it was listed in this exchange. The 9 day EMA and the strong green candle (with high volume) ensures it may have a bullish run througout the incoming days. Also, Parabolic SAR has just become bullish in the daily chart and other indicators such as MACD and RSI are bullish now. Targets:
1T 65000
2T 87000
3T 127000
I'll come back later with a more detailed TA based on a shorter timeframe chart.
FIRSTBLOOD is the first competitive esports company to be powered by blockchain technology. Goldman Sachs valued eSports at $500 million in 2016 and expects the market will grow at 22% annually compounded over the next three years into a more than $1 billion opportunity. Approximately 300 million people worldwide tune in to eSports today, and that number is growing rapidly. By 2020, that number will be closer to 500 million.
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Nice blog. Thanks for bringing this to our attention. Blockchain is here to stay, therefore we shouldn't look at what most people invest in but in the real quality projects, with great teams, management and a great product. Some people are still investing in "an idea". Is an Idea worth 100m+ USD to you? An interesting website I found: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check: https://www.coincheckup.com/coins/FirstBlood#analysis To see the: FirstBlood Investment research report.