Fundamentals: - It's a coin that is operational in a club in Vegas. It's a pure cryptocurrency club. - There is an after party from the Mayweather vs McGregor fight on Sunday morning Aussie time. If you've lived under a rock, google the fight. It's going to be fookn massive (US$800M+ fight) - Membership price for the club is 5000 LGD coins. At prices right now, it's exactly US$15,000
Technicals:
- Relatively clean cup formed on the 30 min chart. Handle currently in progress, has hit the 50% fib retracement (~0.00063000)
- Volume has been very high at the start of the cup and the very end of the cup formation. Handle formation is producing relatively consistent and decent volumes
If the cup and handle is fully formed, my expectation is that it breakout. This should occur no later than Saturday night.
This should see the after-party membership purchases be relatively expensive, followed by a Sunday arvo dumping of the coin as pro's exit. Pro's might exit even sooner than this, keeping in mind that membership is likely to be between 4-6 btc per person at the time of purchase, which really won't drive much in terms of volume.
Play the hype, because IMO this coin is going to dump hard.
Clear signal is all the crypto newbies screaming "Buy buy buy" thinking they're going to be rich by the end of the weekend.
