Stratis (STRAT)
$0.437098 (-1.07 %) View coin |
Zcoin (XZC)
$3.87 (-1.45 %) View coin |
Cardano (ADA)
$0.097810 (-1.80 %) View coin
Newsletter
08 April 2019

3 coins to keep an eye on | Issue #30

Hello everyone!

Bitcoin finally gave us the anticipated significant move. Bulls bathed in the tears of bears as price rocketed over $1000 upwards.

This move induced a short-lived panic in the altcoin market. Many traders were able to enter at bargain prices, while others found their stops run and charts filled with ruined price action.

If Bitcoin consolidates, most altcoins should have a bullish short-term future. On the other hand, an equally aggressive drop in Bitcoin’s price is likely to crush many altcoins.

While we wait, here are three coins from CoinMarketCal to watch.  Significant events during the upcoming two weeks increase the chances that supports may hold. Attentive traders might find good entries in the current dip.

@tradeprophet


Stratis (STRAT)

Stratis (STRAT)

Price
$1.21 (1.49 %)
฿0.00023295 (0.75 %)

Market Cap
$119 978 033
฿23 127.00

Volume (24h)
$3 687 130
฿710.73

Trade
Binance

Unlike much of the altcoin market, STRAT has been content to stay in its range for the last two months.

Bitcoin’s sudden movement created a massive drop in STRAT’s price. This drop also wiped out all stops and was quickly bought up to the lower limit of the current range. Now that the stops below have run, it seems more likely that the next movement will be upward to the top of the range or beyond.

The last several days have seen unusual price action in a very tight range just under resistance at a daily OB. This price action may suggest that a significant move is coming.

The thinning Ichimoku cloud and twist may provide an estimate for when this move could happen. This twist also coincides with the approximate date given for the 2019 roadmap release. The contents of this roadmap could prompt a breakout.


Zcoin (XZC)

Zcoin (XZC)

Price
$8.65 (-3.15 %)
฿0.00166775 (-3.42 %)

Market Cap
$62 487 206
฿12 045.05

Volume (24h)
$1 422 848
฿274.27

Trade
Binance

XZC has maintained a bullish trend for the last two months. A recent series of impulses to the upside met with stiff resistance.

Price is currently consolidating on support and under a resistance. Technically the bullish trend is preserved.

However, price action suggests a stop run could be coming below the daily OB that has served as support. This run would provide traders with an excellent entry, although also hurt the case for the bullish trend.

In the current irrational market, that may not be a significant factor.

Traders expecting a bullish continuation from the public testnet release during the next week may wish to enter in the current supporting bullish orderblock. The daily orderblock around 0.0015 would provide a safer entry if the price reaches that level.


Cardano (ADA)

Cardano (ADA)

Price
$0.085651 (-5.25 %)
฿0.00001651 (-5.31 %)

Market Cap
$2 220 673 737
฿428 057.68

Volume (24h)
$137 596 101
฿26 523.06

Trade
Binance

After a meteoric rise since the beginning of March, ADA is finally starting a healthy pullback after encountering resistance at a weekly level near 0.00002.

Two daily orderblocks overlap near 0.000016, which may provide an opportunity for entry. Further below, there is an overlap of a daily bullish orderblock and a weekly orderblock. This overlap provides a safer entry if the price reaches it.

This orderblock also provided a strong reaction from bulls when price touched it during the altcoin panic caused by Bitcoin’s move. The long lower wick shows us that price was almost immediately bought up.

ADA releases Shelley on the mainnet within the next couple of weeks. Traders hoping for bullish continuation may be able to enter in one of these two zones.

Cardano completed its long-awaited Shelley hard fork today, transitioning its blockchain from a federated network managed primarily by the Cardano Foundation to a community-run protocol. The new Shelley mainnet introduces Cardano’s proposed Proof-of-Stake (PoS) layer, which allows users to contribut...
Newsletter
27 July 2020
3 coins to keep an eye on | Issue #88
The past week brought some signs of life to Bitcoin. The price climbed over 11% from its lows to its highs before closing almost 8% higher than the week before. Meanwhile, the altcoin marketcap surged almost 15% alongside Bitcoin from $103 billion to $118 billion by the weekend. While we wait to see if this week brings ...
At Cardano’s Virtual Summit last week, development firm IOHK (Input-Output Hong Kong) announced it had partnered with Coinbase Custody. The exchange’s custody arm agreed to support ADA storage and staking later this year. IOHK expects Cardano’s Proof-of-Stake (PoS) protocol, called Shelley, to launc...

3 coins to keep an eye on 👀