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.
