Hive (HIVE)
$0.155518 (0.75 %) View coin |
Matic Network (MATIC)
$0.018942 (0.87 %) View coin |
VeChain (VET)
$0.012874 (0.63 %) View coin
Newsletter
27 April 2020

3 coins to keep an eye on | Issue #76

Hello everyone!

It’s been another happy week for Bitcoin bulls as the price swept previous highs at 7466.00, climbing 15.21% from the lows to its highs. The closing price, 8.07% higher than the week’s open, is creating new bulls - while bears become more confident that a reversal is near.

The altcoin marketcap also climbed a modest $4 billion from approximately $76 billion to $80 billion.

While we wait to see if this week brings reversal or continuation, here are three coins with events on CoinMarketCal to keep an eye on.

@tradeprophet


Hive (HIVE)

Hive (HIVE)

Price
$0.831760 (21.69 %)
฿0.00010764 (18.08 %)

Market Cap
$234 382 960
฿30 332.32

Volume (24h)
$158 137 949
฿20 465.18

Exchange
BinanceHuobi

It’s been an exceptionally lucrative past week for HIVE holders, as the price rocketed up over 90% after already climbing 413% in the preceding month.

Buying into pumps is always risky, but some bulls will be willing to take their chances - especially those anticipating continuation from today’s Binance listing. Bears may be getting ready to “sell the news” and hoping for trend exhaustion.

If last week’s high was a local top, bulls might try to enter in the area along the trendline and .786 Fibonacci retracement around 0.00010141. 

If this level fails to hold as support, another potential support is in the area around 0.00008262 between the .618 Fibonacci retracement and the previous high, which is also the listing price.


Matic Network (MATIC)

Matic Network (MATIC)

Price
$0.015258 (0.48 %)
฿0.00000197 (-1.01 %)

Market Cap
$52 388 041
฿6 779.72

Volume (24h)
$29 818 965
฿3 858.98

Exchange
Binance, Huobi

After over a month of consolidation in a tight range between 0.00000192 and 0.0000016, MATIC has finally broken out from local resistance.

Higher volume accompanied the breakout, and initial tests of the 2020 yearly open initially confirmed it as support. However, the price ran into resistance at the July open at 0.00000205. It could be headed back to the yearly open after sweeping local highs.

If the price does continue upward - fueled by news from Wednesday’s AMA - it might reach up to probable resistance at the March open at 0.00000236. 

Otherwise, a drop to April’s monthly lows at 0.00000166 - or even the double monthly lows around 0.00000153 could be in the cards.


VeChain (VET)

VeChain (VET)

Price
$0.004409 (4.02 %)
฿0.00000057 (2.18 %)

Market Cap
$244 492 434
฿31 640.62

Volume (24h)
$180 402 898
฿23 346.57

Exchange
BinanceHuobi

Since last week, VET has continued its climb upward to close yet another bullish week. 

However, the current resistance around 0.00000059 is proving to be strong. If bears break through the current bullish trendline despite momentum from tomorrow’s Crypto.com listing, then a move toward the monthly lows at 0.00000046 may be incoming.

An attempt at the monthly lows could find support around the monthly open at 0.00000048, with strong support likely at the weekly OB around 0.00000042. 

Bulls entering (or already in) positions may want to target the March highs at 0.00000071 and slightly above to the yearly open at 0.00000073.

Crypto exchanges Bittrex and Binance have (reluctantly) agreed to support Steem hard fork 0.23, which seized the assets from 64 former witnesses (totaling 23.6 million STEEM). These witnesses reportedly led the creation of Steem’s contentious clone, Hive, back in March and blocked current Steem supp...
Steem network witnesses (akin to validators) are planning to execute a controversial hard fork tomorrow (May 20) that will introduce two new changes. The more palatable one will reduce the time it takes to unlock staked STEEM tokens (referred to as powering down) from thirteen weeks to just four. Th...
Newsletter
18 May 2020
3 coins to keep an eye on | Issue #78
It's been another wild week in Bitcoin as bulls recovered from last weekend's plunge throughout a 21.5% range, ending with a strong weekly close at $9,676 - almost 11% higher than the open at $8,729. The altcoin marketcap climbed along with Bitcoin, starting the week at $78 billion and reaching as high as $84 billion by Fr...

3 coins to keep an eye on 👀