Crypto.com Coin (CRO)
$0.059399 (-2.44 %) View coin |
Holo (HOT)
$0.000672 (-7.12 %) View coin |
Stellar (XLM)
$0.066380 (-6.35 %) View coin
Newsletter
20 January 2020

3 coins to keep an eye on | Issue #65

Hello everyone!

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 bulls will continue to push higher.

Meanwhile, the altcoin marketcap surged upward with Bitcoin, boasting a nearly 16% gain from $69 billion to $80 billion.

While we wait to see Bitcoin’s next direction, here are three coins with events listed on CoinMarketCal during the upcoming week to keep an eye on.

@tradeprophet


Crypto.com Coin (CRO)

Crypto.com Coin (CRO)

Price
$0.046201 (-1.23 %)
฿0.00000539 (-0.28 %)

Market Cap
$603 824 937
฿70 475.37

Volume (24h)
$12 383 000
฿1 445.28

Exchange
Binance, Huobi

CRO bulls awoke at the beginning of December after resting in a range since August. The start of the new year confirmed the range resistance’s flip to support, and the price has since continued climbing.

A bullish TK cross on January 15th suggests that the bullish trend is growing stronger. The price still has considerable room to run to the next probable resistance at the confluence of the R1 resistance and daily orderblock around 0.00000619.

News from the live AMA this Tuesday could give more fuel to the bulls. Entries around the trendline and probable supports from daily orderblocks around 0.00000504 and 0.00000475 give an excellent risk-reward ratio.


Holo (HOT)

Holo (HOT)

Price
$0.000668 (-2.86 %)
฿0.00000008 (-1.74 %)

Market Cap
$108 274 103
฿12 637.20

Volume (24h)
$10 042 422
฿1 172.10

Exchange
Binance, Huobi

HOT’s incredible bull-run at the beginning of 2019, fueled by massive hype, ended with a whimper by the beginning of August as the price meandered through a range near the all-time low.

Traders can still find opportunities despite the absence of a strong bullish trend. Currently, the price taps the confluence of the all-time low and S1 support at the bottom of the range at 0.00000007. A rise in volume accompanies these tests, indicating support from bulls in this region.

This region provides the perfect entry for buyers expecting the lower bound to hold and target the top of the range. If this lower boundary breaks - perhaps from bearish news revealed during Wednesday’s AMA - bears have an opportunity for profitable shorts as the market discovers a new low.


Stellar (XLM)

Stellar (XLM)

Price
$0.061166 (1.38 %)
฿0.00000714 (2.07 %)

Market Cap
$1 225 679 585
฿143 055.07

Volume (24h)
$563 711 011
฿65 793.47

Exchange
Binance, Huobi

Similar to HOT, XLM has been wandering through a range since mid-Summer. However, the bulls may be poised for the next attempt at the range's upper bound.

A massive climb in volume accompanies the current short-term bullish trend, indicating that the market supports the rise. A brief test of the support between the weekly and daily orderblocks around 0.00000652 - just below the 0.00000670 pivot - has held so far as a possible bullflag begins to form under the R1 resistance and daily orderblock around 0.00000735.

If the bulls break through this level - possibly fueled by the hype from Binance launching XLM/USDT futures - the next probable resistance rests at the overlap of daily and weekly orderblocks and R2 resistance around 0.00000821.

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
09 December 2019
3 coins to keep an eye on | Issue #59
Despite BTC's respectable 9.67% range up to $7,772 during the last week, bears rejected the move upward to reclaim the weekly level. The high around $7,632 was still 1.26% short of the previous weekly high at $7,870, creating a lower high and beginning the pattern for a bearish pennant. As Bitcoin starting hinting at a bea...
Newsletter
11 November 2019
3 coins to keep an eye on | Issue #55
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...

3 coins to keep an eye on 👀