What is VIVO?
-Vivo is a fork of the DASH protocol. Like DASH they utilize a "coin mixer" to privatize transactions.
-Also like DASH, they utilize masternodes--a staking mechanism used to reward stakers in the same way that miners are rewarded for using their power to mine a coin.
What makes VIVO different from DASH?
-Well, not much. VIVO does utilize a different mining algorithm, which is (supposedly) ASIC resistant, meaning they are less vulnerable to some of the bigger mining players to perform 51% attacks on the mining pools. see link below
https://www.investopedia.com/terms/1/51-attack.asp
Let's look at the chart:
-The triangle was broken, meaning either one of two things at this point.
- Continuation below the diagonal resistance line
- Fakeout before breakout
-Usually, I'd go with the first option as being the more probable, but let's zoom in and see how we can see a possible buy opportunity on this dip
-TK SQUEEZE: the conversion and base lines begin to come together, but it has not confirmed yet. Currently waiting on confirmation of a bull-ish TK cross to enter a buy position.
FINAL THOUGHTS
-I have been mining this coin for a few months now with my GPU rig, and I feel that it is a good speculative mining play. I will most likely do a post explaining what that is in a few days.
-Masternodes can give it some extra intrinsic value if you have the kind of capital to make this high-risk investment (nodes running for about $5500 as of now) as they earn 20% of all block rewards.
-When it comes down to it, I feel more comfortable mining this coin right now than I do actually investing some of my hard earned trading capital into it, as mostly every sign is bearish based on the analysis.
Here's the link to the VIVO website and a screenshot of USD price movement from https://bitscreener.com
For more information on the Ichimoku cloud, consider clicking these links:
https://steemit.com/altcoins/@ddepalma/using-the-ichimoku-cloud-to-trade-altcoins-edge-to-edge-trades
https://steemit.com/bitcoin/@ddepalma/bvyeor76
For more on how I look for lowcap altcoins consider clicking this link
https://steemit.com/altcoins/@ddepalma/6-ways-to-build-your-shitcoin-portfolio-find-lowcap-gems-and-profit
TWITTER: twitter.com/southparkcrypts
YOUTUBE: @cryptojimmy
https://www.youtube.com/channel/UC4iKbpD8ciEiN46AcGajUvA
BTC TIP JAR:
14soFE4yTKHZTE1aRUcXmTTeRmN3RLba4j
LTC TIP JAR:
LP5x8JpLYHratX6LVNY9sNUnUy3SL57CqN
ETH TIP JAR:
0x359637a4197D7ec9787DFaAE2316C55b943C3ECF
****NOT FINANCIAL ADVICE ONLY OPINIONS BASED ON TECHNICAL AND FUNAMENTAL ANALYSIS!!!!****