The GameCredits website states: "GameCredits (GAME) is a digital currency based on blockchain.
Its purpose is to become the universal currency for 2.6 billion gamers worldwide."
GameCredits borrows from Litecoin with its use of the Scrypt mining algorithm, supply cap of 84,000,000 coins, and similar halving schedule
Age 4yrs 1mo
Marketcap (current) $94.76M
Price (USD) $1.47
Price (BTC) 0.00017฿
24hr Change (%) +11.79%
24hr Trade Volume $620,185
All Time High $6.90
All Time High Date 2018-1-9
% down from ATH 78.66%
1 week 14%
1 month -50%
3 months -59%
1 year 84%
3 years 260,234%
LITTLE ANALYSIS ON ITS CURRENT MARKET TREND:
GameCredits (CURRENCY:GAME) traded up 11.2% against the dollar during the 1 day period ending at 11:00 AM ET on March 7th.
GameCredits has a total market cap of $93.96 million and $858,114.00 worth of GameCredits was traded on exchanges in the last day.
In the last seven days, GameCredits has traded 13.5% higher against the dollar.
One GameCredits coin can currently be purchased for $1.46 or 0.00016976 BTC on popular exchanges including Coinrail, Bit-Z, HitBTC and Allcoin.
On the 4hours time frame, using the ICHIMOKU CLOUD SETTING.
TK cross below the cloud just happened, which consolidation is currently holding it below the cloud.
The cloud as well showing two different sides(upper cloud and lower cloud) the upper cloud is total falt which is always the 0.5fib retracement level. The trade which will likely take place is called THE EDGE TO EDGE TRADE. This happens when price burst into the cloud and closes inside it, then there is 70% percent chance of price hitting the flat cloud and might burst through it as well called KUMO BREAKOUT, as show below
As the oscilator is fully oversold and crossing to hit the 20 back to the overbought area.
Another pattern which has also formed always the BULLISH PENNANT FLAG PATTERN.
Expecting more consolidation in the flag, and the stochastic RSI is also showing oversold. A major move up will be triggered when price breakout of the flag and closes.
TECHNICALS suggests that a buy signal would be triggered only when price breaksout of the flag.
Disclaimer: The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.