Dash (DASH)
$67.31 (0.43 %) View coin |
OKB (OKB)
$4.88 (-0.48 %) View coin |
VeChain (VET)
$0.012850 (25.27 %) View coin
Newsletter
20 April 2020

3 coins to keep an eye on | Issue #75

Hello everyone!

After a steep drop to 6456.00 to run the previous week’s stops, Bitcoin closed last week 3.22% higher. Despite higher-timeframe price action looking more b, it’s still possible that Bitcoin is setting up for a quick move upward - leaving analysts and speculators arguing over this week’s direction.

The altcoin marketcap showed steady growth during the week, climbing from around $69 billion to $75 billion. 

While we wait for this week’s move in Bitcoin, here are three altcoins with events on CoinMarketCal this week to keep an eye on.

@tradeprophet


Dash (DASH)

Dash (DASH)

Price
$79.99 (0.03 %)
฿0.01114743 (0.57 %)

Market Cap
$755 760 166
฿105 326.45

Volume (24h)
$1 018 339 607
฿141 920.82

Exchange
BinanceHuobi

Christmas was a rough season for DASH bulls as the price reached its lowest point since 2015. To compensate, the price immediately exploded upward over 200% by mid-January.

Since then, the price dropped nearly to the .236 Fibonacci retracement and 2016 yearly open before pumping back to the 2017 yearly open, which is currently providing resistance.

If the current trendline holds, the price is likely to break through this resistance level by the end of April - especially if the Q1 report call this Tuesday reveals bullish information.

If so, the price might find the next resistance at a pivot level around 0.0167, or possibly higher at the 2019 yearly open.


OKB (OKB)

OKB (OKB)

Price
$4.69 (-2.56 %)
฿0.00065434 (-1.64 %)

Market Cap
$281 349 507
฿39 260.66

Volume (24h)
$113 383 801
฿15 822.04

Exchange
Binance, Huobi

It’s been a lucrative year for OKB bulls, as the price climbed over 100% during Q1 2020. However, it’s unclear whether this exploration of uncharted territory will continue. 

Currently, the price is ranging between approximately 0.00058 and 0.00074. In mid-March, the price swept the range lows before bouncing back to the range EQ.

It’s unclear whether the long-term bull run will resume, but it does seem probable that the range highs will be swept at some point. 

All that the price needs to lift from the middle of the range is something to create ignition - which could be this Wednesday’s sale on OKB.


VeChain (VET)

VeChain (VET)

Price
$0.003956 (0.39 %)
฿0.00000055 (1.01 %)

Market Cap
$219 377 080
฿30 612.77

Volume (24h)
$126 888 196
฿17 706.50

Exchange
BinanceHuobi

VET holders have suffered through 2020, but strong hands have been able to enjoy a 70% climb since the most recent low - just above the all-time lows.

The most recent drop ran the stops of the November 2019 monthly candle before finding support in a weekly orderblock and beginning a steady climb upward. 

It may be that the March highs at 0.00000071 are the next target, with a surge upward possibly pushing into the 2020 yearly open at 0.00000073, or beyond to the 2019 yearly open at 0.00000102, which provided resistance in December.

Thursday’s AMA could provide the catalyst for a pump from the current levels - or prompt a drop to retest resistance at 0.00000049.

Newsletter
27 April 2020
3 coins to keep an eye on | Issue #76
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Newsletter
07 January 2020
3 coins to keep an eye on | Issue #63
Last week, Bitcoin bulls and bears struggled over an 8% range. The sides were equally matched, with Bitcoin only closing 0.66% lower than the preceding week. This week begins with some signs of strength, and Bitcoin seems poised to strike the top of the range around $7733. Consolidation under resistance, a bullish TK cross...

3 coins to keep an eye on 👀