Crypto.com Coin (CRO)
$0.165344 (2.80 %) View coin |
Holo (HOT)
$0.000864 (0.51 %) View coin |
Stellar (XLM)
$0.104716 (4.09 %) 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.

Crypto.com, a cryptocurrency payment platform and exchange, is conducting a token migration from the current MCO token to a new CRO token. The window to swap tokens began on August 3 and will close on November 2. The crypto.com platform and services will no longer support MCO tokens following the cl...
Newsletter
20 July 2020
3 coins to keep an eye on | Issue #87
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3 coins to keep an eye on 👀