Centrality (CENNZ)
$0.096915 (-4.23 %) View coin |
Crypto.com Coin (CRO)
$0.059142 (-2.76 %) View coin |
TRON (TRX)
$0.019200 (-6.39 %) View coin
Newsletter
11 November 2019

3 coins to keep an eye on | Issue #55

Hello everyone!

During the last two weeks, Bitcoin retested the previous support of the summer’s distribution zone. Last week, the 9.65% drop confirmed this as a failed retest, and the price continues to bleed downwards gradually.

Instead of dropping along with Bitcoin, the altcoin marketcap is continuing to hold steady around $80 billion. This stability suggests some strength, as the bearishness around Bitcoin is not correlating precisely with the altcoin marketcap.

Meanwhile, here are three coins with events on CoinMarketCal during the upcoming week to keep an eye on during this interesting time.

@tradeprophet


Centrality (CENNZ)

Centrality (CENNZ)

Price
$0.136685 (0.03 %)
฿0.00001561 (2.00 %)

Market Cap
$145 397 416
฿16 600.20

Volume (24h)
$428 773
฿48.95

Exchange
Binance

CENNZ is a coin with a relatively docile chart for most of 2019 - until recently.

Currently, the price is challenging the level created by the weekly close of the last high in December 2018. Although accompanied by staggering volume, the price has so far failed to breach this critical level.

However, weekly orderblocks below the current region around 0.0000118 have so far provided support for the consolidation zone that is occurring after October’s massive pump. The last week has seen a gradual climb into resistance, along with a bullish TK cross.

If the price fails to break this level, a sudden drop is likely. The supporting orderblock below could provide an entry for bulls, while bears may want to watch for a retest of the daily orderblock at 0.0000127. This Wednesday’s AMA may provide some fuel for either bears or bulls, depending on what is discussed.


Crypto.com Coin (CRO)

Crypto.com Coin (CRO)

Price
$0.035483 (-0.04 %)
฿0.00000405 (1.94 %)

Market Cap
$411 054 527
฿46 930.59

Volume (24h)
$20 647 964
฿2 357.40

Exchange
Binance

CRO has been steadily ranging since late August after 2019’s steep downtrend found a bottom near the previous lows at 0.00000362. Traders adept at playing the range have been profiting handsomely, although a change in dynamics may be coming. 

Volatility has increased during the last two weeks and is accompanied by a surge in volume - indicating high market activity. Support at the weekly level at 0.00000368 held and marked the start of an ascending triangle toward the resistance at the daily orderblock around 0.00000415. 

This orderblock has so far kept price viciously pinned down with long upper wicks, but the bullish TK cross suggests that another attempt at a breakthrough by the bulls may be coming shortly. The topics discussed at this Tuesday’s Telegram AMA could give bulls a catalyst for another try at resistance.


TRON (TRX)

TRON (TRX)

Price
$0.019050 (-1.52 %)
฿0.00000217 (0.61 %)

Market Cap
$1 270 312 290
฿145 033.07

Volume (24h)
$1 062 768 241
฿121 337.52

Exchange
Binance

Since early September, TRX has been gradually trending upward toward overlying weekly orderblocks.

The first orderblock, with a lower bound at 0.00000215, is providing some resistance to the price as it struggles in a tight range to breakthrough. Fortunately for bulls, the daily orderblock with an upper bound at 0.00000204 and the kijun at 0.00000207 are both providing support.

Despite the resistance, the overall trend is bullish with a recent TK cross and the lagging span trading above both the price and the Ichimoku cloud. Friday’s release of the Cross-chain Project only increases TRX’s value and is likely to help propel price further upward.

Newsletter
20 January 2020
3 coins to keep an eye on | Issue #65
Last week was another win for the bulls as BTC continued climbing. A 13.86% gain at the highest point at $9169 and a close with a 6.41% gain at $8698 flooded the market with euphoria. However, a quick drop right to $8450 before the close hints at weakness. It's unclear if this is the calm before a reversal, or whether the bul...
Newsletter
24 December 2019
3 coins to keep an eye on | Issue #61
Last week, the Bitcoin bulls rallied for a 16.34% gain after tapping support at the overlap of weekly orderblocks around $6515 - which is where last November's plunge originated. The price crashed into the top of the range at the cluster of weekly closes around $7550 - but failed to break upward from the bear flag formatio...
Newsletter
21 October 2019
3 coins to keep an eye on | Issue #52
Bitcoin continues to leave the market salivating in anticipation of its next move. The previous consolidation periods in April and May both lasted approximately four weeks - a period which we've just reached in this consolidation period.  This timing makes it more likely that the next crucial move is coming very soon....

3 coins to keep an eye on 👀