Matic Network (MATIC)
$0.015318 (-4.16 %) View coin |
OMG Network (OMG)
$3.13 (-2.64 %) View coin |
Zilliqa (ZIL)
$0.017785 (-2.32 %) View coin
Newsletter
18 May 2020

3 coins to keep an eye on | Issue #78

Hello everyone!

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 Friday.

While we wait to see if Bitcoin bulls take on the 10K highs this week, here are three coins with events listed on CoinMarketCal during the upcoming week to keep an eye on.

@tradeprophet


Matic Network (MATIC)

Matic Network (MATIC)

Price
$0.020791 (0.50 %)
฿0.00000214 (0.78 %)

Market Cap
$71 386 741
฿7 345.82

Volume (24h)
$33 527 708
฿3 450.06

Exchange
BinanceHuobi

In the last few weeks in MATIC, bulls confirmed that the bullish trendline is still valid before bursting upward to run the previous swing high.

Will this move continue? The price broke through a vital pivot area at the July monthly open at 0.00000205 and has so far held it as support on the daily chart. 

A potential descending wedge is forming, but a quick burst in price could turn this into a bull pennant, signaling further continuation.

Bulls anticipating continuation, perhaps because of today’s Bitcoin.com listing, may want to target the March open at 0.00000236 or as high as the orderblock around 0.00000256.


OMG Network (OMG)

OMG Network (OMG)

Price
$0.983638 (-0.23 %)
฿0.00010128 (0.19 %)

Market Cap
$138 190 474
฿14 220.05

Volume (24h)
$112 495 992
฿11 576.04

Exchange
Binance, Huobi

It’s been an exciting week for OMG holders as the price recovered from a new low at 0.00007 to surge upward over 60% by the end of last week.

Monthly levels at 0.0001035 and 0.0000988 are creating a tight 5% range for the price to consolidate after its rocket upward.

If the price stays bound in this range during the coming week, bulls could enter on a sweep of the range low around 0.0000966. Targets are at the top of the range or beyond to the short stops that reach as high as 0.0001428.

Bears might want to eye a return to the yearly open around 0.0000842, which was resistance until last week’s candle exploded upward.


Zilliqa (ZIL)

Zilliqa (ZIL)

Price
$0.010045 (-5.93 %)
฿0.00000103 (-5.01 %)

Market Cap
$101 826 645
฿10 478.14

Volume (24h)
$27 990 376
฿2 880.26

Exchange
BinanceHuobi

It’s been a lucrative month for ZIL bulls as the price launched from March lows up to a previous high at 0.00000119.

After a 120% pump, it makes sense to be cautious before jumping in. The equal highs above at 0.00000119 suggest that the price will eventually continue upward.

Retracement seems probable, with the price likely to test the monthly level at 0.00000092. Friday’s release could provide a fundamental reason for this level to hold.

If the price continues dropping, bearish targets and bullish entries are also at the monthly level at 0.00000072 and the yearly level at 0.00000062.

No other news.
No upcoming event.

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