General Event (CRYPTO)
View coin |
MyWish (WISH)
$0.013106 (-42.03 %) View coin |
Zap (ZAP)
$0.003564 (3.59 %) View coin
Newsletter
31 December 2018

3 coins to keep an eye on | Issue #22

Hello everyone and happy new year!

Bitcoin’s bounce was rejected from a small bearish weekly orderblock above, as it has been doing for much of the downtrend.

No clear bullish signs exist, although some weakly bullish hints such as a potential inverse head and shoulders and an Ichimoku tenkan-kijun cross on the daily have presented themselves.

Similarly, the altcoin marketcap has hovered in a state of limbo as it floats sideways under resistance.

Here are three coins with events during this coming week that may provide opportunities for traders scouring this sideways market for profits.

@tradeprophet


General Event (CRYPTO)

General Event (CRYPTO)

Price
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Volume (24h)
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PIK began forming an upward trendline in late November. This advance upward met with resistance at a daily orderblock around the beginning of December, then price drifted sideways.

Currently, it appears to be forming an ascending triangle with a failed breakout. The breakout met with resistance where the tip of a long upper wick was rejected near the EQ of a bearish daily orderblock. This overhead orderblock is likely to provide some resistance again for the next move upward.

Since price is currently nearing anticipated support at the uptrend line and a bullish orderblock, traders expecting this trend to hold may look to enter near the current price while targeting the resistance overhead in anticipation of the token burn today.


MyWish (WISH)

MyWish (WISH)

Price
$0.025987 (-3.90 %)
฿0.00000682 (-2.17 %)

Market Cap
$512 050
฿134.46

Volume (24h)
$2 826
฿0.74

Trade
Cryptopia

MYWISH is currently trading in a semi-bizarre range covering nearly 25% of its price. So far, the bottom of this range - which is a previous resistance turned support - has been holding strong.

Price is near the twice-tested all-time low, which provides a clearly defined risk-reward ratio for traders targeting the downtrend line above.

This range has been accompanied by a dramatic increase in volume, which shows high trading activity. The increased interest in this coin may be due to MYWISH allowing creation of token contracts on the TRX blockchain tomorrow.


Zap (ZAP)

Zap (ZAP)

Price
$0.012761 (18.44 %)
฿0.00000335 (17.94 %)

Market Cap
$1 643 013
฿431.45

Volume (24h)
$12 510
฿3.29

Trade
Cryptopia

In mid-December, ZAP’s price began charging upward. Price paused for a day near the previous resistance level, but then resumed its climb upward after forming a bullish orderblock.

The OBV indicator is showing strong support for this uptrend, which may suggest to some traders that the trend is strong enough to continue entering.

Retests of the previous resistance, which so far seems to have turned to support, may provide an excellent opportunity for traders targetting the bearish orderblock above from which the November downtrend began.

Newsletter
01 October 2018
3 coins to keep an eye on | Issue #10
Bitcoin's downtrend supply line squeezes closer and closer to the 6,000 USD support. While this catalyst approached, the charts show more bullish signs for Bitcoin. This bodes well for the cryptocurrency market as a whole. With signs that the bear market could be coming to a close soon, the altcoin market has seen many sur...

3 coins to keep an eye on 👀