EOS (EOS)
$2.61 (-0.58 %) View coin |
Lambda (LAMB)
$0.021510 (4.44 %) View coin |
Paxos Standard (PAX)
$0.997397 (-0.36 %) View coin
Newsletter
22 July 2019

3 coins to keep an eye on | Issue #39

Hello everyone!

A volatile week in Bitcoin proved support at the last consolidation region under $9200. Nonetheless, some bearish signs are beginning to show. 

Last week, the Ichimoku indicator gave us the first bearish TK cross on the daily in over a month. Meanwhile, the price is creating a classic short setup as it struggles to reclaim its previous range.

Meanwhile, the altcoin marketcap saw a 13 billion USD rebound, but overall volume continues to drop.

Bitcoin has always been full of surprises, so no clear direction is evident as of today. In the meanwhile, here are three coins with events listed on CoinMarketCal during the next week to keep an eye on.

@tradeprophet


EOS (EOS)

EOS (EOS)

Price
$4.27 (-0.10 %)
฿0.00040556 (0.84 %)

Market Cap
$3 942 048 286
฿374 844.05

Volume (24h)
$1 692 846 343
฿160 970.47

Exchange
Binance

After a brief rally ending at the beginning of June, EOS has plunged to the lowest levels of the year. As price enters a significant weekly orderblock from 2017’s bull run, a bounce may be due.

Last week, this orderblock prompted some heavy buying near 0.00035, which is shown by the long lower wicks and high volume. Today, price is resting near the short-term downtrend line.

Some resistance lies overhead at the Ichimoku cloud’s kijun line near 0.00046. Another probable resistance lies at the overlap of a weekly and a daily orderblock around 0.00052.

When targeting these resistances, the current region provides a favorable risk-reward trade for those expecting bullish activity from the eosfinex launch this Thursday.


Lambda (LAMB)

Lambda (LAMB)

Price
$0.212250 (-1.36 %)
฿0.00002016 (-0.41 %)

Market Cap
$106 125 022
฿10 082.47

Volume (24h)
$14 020 687
฿1 332.04

Exchange
Binance

LAMB’s substantial 400% bull run starting in late May has met with some resistance near 0.000023.

Is it the end of the bull run? This remains to be seen. Meanwhile, price is forming a pennant - a bullish continuation pattern - below this resistance after finding support at the confluence of the .618 Fibonacci retracement and April’s weekly EQ near 0.0000175.

It’s possible that the kijun may provide some closer support around 0.0000197. If this fails, a quick dip to the .618 support could allow traders to capitalize on LAMB’s Digifinex listing this Wednesday.


Paxos Standard (PAX)

Paxos Standard (PAX)

Price
$1.00 (0.13 %)
฿0.00009529 (0.93 %)

Market Cap
$182 902 201
฿17 376.72

Volume (24h)
$96 340 861
฿9 152.92

Exchange
Binance

After setting a new low at 0.00007198, PAX set a higher low on the daily chart and began struggling upward.

After a bullish TK cross, the price seems to be finding support at the confluence of the Ichimoku cloud’s kijun and a daily orderblock around 0.00009. The tenkan line provided resistance on the most recent daily move upward, but if this support holds, price is likely to enter the cloud and possibly retrace the last move down.

Confirmed resistance lies at the confluence of a weekly and a daily orderblock around 0.00011, and also above around 0.0001275. Nonetheless, PAX’s mainnet integration today is likely to create interest, and possibly help spur a new bullish trend.

On Tuesday, the Organisation for Economic Co-operation and Development (OECD) revealed that global tax authorities uncovered EUR 10 trillion ($11 trillion) in offshore financial accounts after obtaining data on over 84 million financial accounts held offshore by their residents. The information exch...
A relatively new research report that examines the on-chain traffic of the EOS, Tezos, and XRPL networks has gained some attention due to a recently released article from Decrypt. While the study states each chain is capable of supporting a high transaction throughput, it determined that only a smal...
Block.one, the firm that launched the EOS blockchain, has announced plans to start putting its 100 million EOS holdings to use next month by actively staking and voting on the network. Up until this point, the company has remained neutral regarding which network participants get voted into the covet...
No upcoming event.

3 coins to keep an eye on 👀