Basic Attention Token (BAT)
$0.244805 (-7.07 %) View coin |
Zilliqa (ZIL)
$0.006783 (-7.97 %) View coin |
Nebulas (NAS)
$0.487166 (-7.57 %) View coin
Newsletter
22 April 2019

3 coins to keep an eye on | Issue #31

Hello everyone!

For the last two weeks, Bitcoin has consolidated under weekly support levels from 2017’s bull run. The weekly kijun is also resting at these levels and providing additional resistance.

As Bitcoin ranges, the altcoin marketcap remains relatively stable. New money is not entering the market, but there has not been any alarming exit of capital.

With little indication of the timing for Bitcoin’s next explosive move up or down, traders looking to profit off the indecisive market may want to keep an eye on these three coins with events listed on CoinMarketCal during the next two weeks.

@tradeprophet


Basic Attention Token (BAT)

Basic Attention Token (BAT)

Price
$0.413494 (-7.31 %)
฿0.00007788 (-6.49 %)

Market Cap
$516 843 555
฿97 344.15

Volume (24h)
$124 689 684
฿23 484.50

Trade
Binance

BAT confirmed its uptrend in early February and began making massive gains. Now that it is at approximately 300% of its starting price, it might seem risky to consider entering the uptrend now.

However, the price has broken resistance which lasted for nearly two years. While BAT is not technically at an all-time high according to older exchange charts, this is still a significant breakthrough.

A breakout of the current weekly bearish orderblock puts the price in virtually uncharted price discovery mode, which means that anything can happen. Traders anticipating bullish continuation may consider entries near the latest daily bearish orderblock near 0.000067.


Zilliqa (ZIL)

Zilliqa (ZIL)

Price
$0.020766 (0.31 %)
฿0.00000391 (0.37 %)

Market Cap
$181 791 828
฿34 239.32

Volume (24h)
$10 263 802
฿1 933.12

Trade
Binance

Unlike much of the altcoin market, ZIL has been steadily bleeding since late January. Price is currently hovering just above the all-time low as it looks for support in a bullish orderblock from December.

It may be a risky time to enter, since a break below this level could lead to significant losses. However, if price instead creates a double bottom, then this region provides one of the best possible entries for both traders and investors.

This zone is likely to provide a volatile arena for bulls and bears to fight over during ZIL’s token swap this week.


Nebulas (NAS)

Nebulas (NAS)

Price
$1.21 (0.86 %)
฿0.00022791 (0.86 %)

Market Cap
$55 059 127
฿10 370.03

Volume (24h)
$6 583 055
฿1 239.88

Trade
Binance

NAS recently charged the long-term resistance that has held it down since August 2018. This resistance stopped NAS in its tracks. The price plummeted back down to the bullish trendline.

This bullish trendline has confluence with a significant weekly orderblock from early November 2018.  If the bullish trend continues, this zone provides an excellent entry for traders who anticipate a break or retest of the overlying resistance.

This Tuesday, we will see the release of Nebulas NOVA 1.1. This release may provide bulls with enough incentive to hold the line and prepare for another attack at the resistance.

Newsletter
03 June 2019
3 coins to keep an eye on | Issue #34
Bitcoin's recent parabolic advance is beginning to show signs of slowing as it fights resistance near last July's peak. It's still unclear whether a pullback will be coming, or if euphoria will continue to fuel this surge. The altcoin marketcap has hovered in the same range for the last two weeks. This may be the result of...
Newsletter
28 January 2019
3 coins to keep an eye on | Issue #25
Bitcoin concluded the past week with a non-committal candle. The tiny body and long upper and lower wicks accompanied relatively low volume show uncertainty in the market. A large player could push the market either way, but the most probable outcome lies with the current trend - down. The altcoin market shows similar inde...
Newsletter
14 August 2018
3 coins to keep an eye on | Issue #3
This was a tough task! With Bitcoin teetering just above $6k, the alts market is pretty spooked. We're hearing about ICO projects panic dumping ETH as it plummets sub $300. This feels like at least like the beginning of capitulation if not the climax for some projects. When we're seeking entries, it's best to mix fundament...

3 coins to keep an eye on 👀