Cosmos (ATOM)
$4.21 (-10.91 %) View coin |
Binance Coin (BNB)
$20.86 (-7.58 %) View coin |
EOS (EOS)
$4.07 (-1.99 %) View coin
Newsletter
10 February 2020

3 coins to keep an eye on | Issue #68

Hello everyone!

Bitcoin bulls continue their rampage upward after support held at $9,100. Last week’s candle decisively closed over the weekly levels at $9,533 and $9,753 after covering a 12.40% range. Will the momentum continue this week, giving us a candle close over the weekly and monthly levels between $10,300 and $10,400?

Meanwhile, the altcoin marketcap exploded along with Bitcoin, climbing over 15% from $90 billion to $104 billion.

Euphoria requires caution. As we wait to see what this week brings us, here are three coins with events on CoinMarketCal during the upcoming week to keep an eye on.

@tradeprophet


Cosmos (ATOM)

Cosmos (ATOM)

Price
$4.74 (-0.02 %)
฿0.00048308 (2.52 %)

Market Cap
$904 658 430
฿92 117.45

Volume (24h)
$206 826 322
฿21 060.23

Exchange
Huobi

ATOM’s consistently bullish trend, giving over 268% returns, broke near the end of January. Bears took control in the short term, pushing the price through the bullish trendline to the bottom of a daily orderblock around 0.00046.

The volume surge at this level shows that buyers are stepping in at the most recent low. They created a brief rally, which met with resistance just below the daily pivot, previous support, and daily orderblock around 0.0005.

As bears and bulls battle for control inside the daily orderblock between 0.0004636 and 0.0005037, it’s too soon to say what the outcome will be. If bears gain the upper hand, bulls could look for an entry around 0.0004, where daily and weekly orderblocks overlap with the S1 support.

On the other hand, a bullish breakout - possibly encouraged by Tuesday’s Crypto.com listing - could reach as high as 0.00058, where the previous trendline and R1 resistance meet.


Binance Coin (BNB)

Binance Coin (BNB)

Price
$24.84 (7.86 %)
฿0.00252972 (9.62 %)

Market Cap
$3 864 103 607
฿393 464.95

Volume (24h)
$729 404 061
฿74 272.06

Exchange
Huobi

BNB’s savage plunge from mid-November’s highs bounced back just as aggressively during the last week, climbing nearly 23%.

Last Thursday, the price sliced through the daily orderblock providing resistance around 0.00208 and briefly tested it the following day to confirm support. The next day, the daily candle closed through the monthly level at 0.0021769, and the daily orderblock just above - then confirmed these as support.

Sunday gave us a close above the weekly level at 0.0023736, which is a bullish sign. However, if this level fails to hold, support might be found at the monthly level and R2 a mere 3.5% below, giving bulls a chance to join the euphoria. 

If the price continues upward - fueled by today’s release of BNB/USDT futures - the next resistance is likely at the confluence of the weekly orderblock’s EQ and daily orderblock around 0.0025958.


EOS (EOS)

EOS (EOS)

Price
$4.81 (-3.54 %)
฿0.00048932 (-0.65 %)

Market Cap
$4 576 653 262
฿466 020.80

Volume (24h)
$4 429 174 742
฿451 003.70

Exchange
Huobi

January 8th marked the start of EOS’s latest bull run, with early buyers already enjoying a 53% gain.

Last Friday confirmed the monthly level at 0.0004636 as support. The bulls went on to break out of the daily orderblock’s upper boundary at 0.0004802, before meeting yesterday with resistance at the daily R1 at 0.0004925.

A retest of the bullish trendline's intersection with the previous resistance at the top of the daily orderblock at 0.0004787 could flip it to support. This confluence occurs on Friday, which happens to be the expected day of the Voice Beta release.

If this level does hold as support, bulls might enter while targeting the region with the daily orderblock, R2 resistance, and monthly level between approximately 0.0005208 and 0.0005605.

Top Cosmos contributor, All in Bits Inc. (DBA Tendermint Inc.), announced it would “part ways” with its IBC (Inter-Blockchain Protocol) and Tendermint Core teams. The two groups of engineers will team up to form a new Germany-based company backed by the Interchain Foundation (ICF) to continue their ...
Newsletter
17 February 2020
3 coins to keep an eye on | Issue #69
Bitcoin bulls paused last week around $10,250 at resistance near the EQ of the weekly OB from September's consolidation period. This region also triggered a reversal in October. Is another short-term reversal coming? It's too soon to say for sure. The altcoin marketcap made a similar move, climbing from $103 billion to nea...
Newsletter
27 January 2020
3 coins to keep an eye on | Issue #66
Despite a 6.29% drop from its high to its low, Bitcoin closed the week with a mere 0.89% drop at $8621 from its open at $8799.  Although the current short-term momentum is upward, weekly and monthly resistance lies just overhead - leaving bulls unsure if a move up is coming, and bears ready to take advantage of any si...

3 coins to keep an eye on 👀