Status: This new currency has opened in crypto space in the moth of July. After hitting the high of 3.6k Satoshi, it became the victim of bear as it is in downtrend since then. Today , it is trading at 421 satoshi with little negative bias.
Lets take a look at chart below to see status of Status.....
Clear Downtrend
Chart above shows clear downtrend in this digital currency. Moving averages are also confirming this downtrend as 10 days EMA(Blue wavy line) is running below of 50 days EMA( Red wavy line) for quite long time.
Sluggish Trading Activity
There is very less enthusiasm in both sellers as well as buyers in picking Status as their interested pick to trade or invest. This thing shows clearly in chart above as there are very tiny candles most of times.
Conclusion
In conclusion it is wise to stay out of this digital currency because of its downtrend and sluggishness. I advice traders and investors to look out of other currencies in crypto space to trade and invest.
With that said i rest my analysis here.
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