BitTorrent (BTT)
$0.000467 (-0.38 %) View coin |
Crypto.com Coin (CRO)
$0.166297 (1.79 %) View coin |
Huobi Token (HT)
$4.70 (0.12 %) View coin
Newsletter
09 March 2020

3 coins to keep an eye on | Issue #72

Hello everyone!

It’s been a bloody weekend for Bitcoin bulls as the bears plunged price over 12% - forming most of the week’s 13.6% range - and creating a close 6% lower than the weekly open. The area between $7727 and $8000 might give support, creating a consolidation period over the next week and giving altcoins time to stabilize.

The altcoin marketcap mirrored Bitcoin’s movements, climbing $7 billion before crashing $14 billion to start the new week at $83 billion.

As these violent moves settle, here are three coins with events listed on CoinMarketCal during this week to keep an eye on.

@tradeprophet


BitTorrent (BTT)

BitTorrent (BTT)

Price
$0.000311 (-7.49 %)
฿0.00000004 (-0.53 %)

Market Cap
$65 898 028
฿8 496.64

Volume (24h)
$78 553 083
฿10 128.33

Exchange
BinanceHuobi

February was a dramatic month for BTT, with the price pumping over 55% before crumbling back to its starting levels.

The monthly levels in the mid 0.00000004s seem to be providing support. Still, the two lows set during the last week paint an alluring target for a stop run - perhaps down to the weekly level in the lower 0.00000004s.

If the price pumps, the broken trendline and daily orderblock in the upper 0.00000004s may provide resistance.

Last month, the price climbed for five days after the snapshot until the BTT airdrop. If this happens again after Wednesday’s snapshot, bulls might be able to catch a quick win in the current area (especially if there’s a stop run) while targeting the upper 0.00000004’s or beyond.


Crypto.com Coin (CRO)

Crypto.com Coin (CRO)

Price
$0.048266 (-8.13 %)
฿0.00000622 (-1.10 %)

Market Cap
$685 811 942
฿88 425.97

Volume (24h)
$4 580 779
฿590.63

Exchange
Binance, Huobi

CRO held a stable bullish trend for almost three months, but it’s showing signs of hesitation as it encounters resistance around 0.0000066.

Nearly three weeks of consolidation created a range inside the weekly orderblock spanning 0.0000058 to 0.0000064. The price could be forming a bull flag before further continuation - but bears are eyeing the break of the bullish trendline.

If the price breaks down through the Ichimoku cloud this week, bears may want to begin building shorts (especially if Friday’s AMA reveals any disappointing news). The daily orderblock around 0.0000055 could provide a first target.

Otherwise, range traders can search for support around the monthly open while targeting the top of the range between 0.0000063 and 0.0000064.


Huobi Token (HT)

Huobi Token (HT)

Price
$3.88 (-11.59 %)
฿0.00050017 (-4.22 %)

Market Cap
$886 557 975
฿114 309.40

Volume (24h)
$401 162 655
฿51 724.38

Exchange
BinanceHuobi

An aggressively bullish February for HT may have created the setting for the next leg upward when the price finishes its early-March retracement.

After tapping the monthly R1 around 0.000623, HT dropped back down to the last swing high (also August 2019’s highs) around 0.000500. 

The confluence of monthly levels, weekly orderblock, and daily orderblock around this level are likely to provide support - especially in the lower portion of the weekly orderblock near 0.000474.

There’s resistance around the pivot and daily orderblock at 0.000535, which gives bulls a reasonable first target if playing an intra-week bounce. Tuesday’s AMA may provide news that prompts a bounce from these levels.

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
11 May 2020
3 coins to keep an eye on | Issue #77
It was a volatile week for Bitcoin, with the price climbing nearly 25% from its low at $8,106 to its high at $10,079. Despite the rapid climb, last week ended with the bears in control as they pushed the weekly close to $8,729, 2% lower than its open. The altcoin marketcap also dropped with Bitcoin after starting the week ...
Newsletter
24 February 2020
3 coins to keep an eye on | Issue #70
After a violent struggle through a nearly 11% range, Bitcoin's weekly candle from last week closed a mere 0.6% above where it started. A 6.4% drop from its open has bulls arguing for a spring setup, while bears may be hoping for a retest before a decline. The altcoin marketcap enjoyed a small climb from its weekly start at...

3 coins to keep an eye on 👀