Algorand (ALGO)
$0.348201 (5.12 %) View coin |
ICON (ICX)
$0.472768 (1.16 %) View coin |
THETA (THETA)
$0.578970 (-1.39 %) View coin
Newsletter
25 May 2020

3 coins to keep an eye on | Issue #79

Hello everyone!

Inside last week's 13% range, three bearish daily candles were able to take the price 10% lower to close the week at $8,715. This level is approximately the same as the previous week's close. Will it hold as support?

Meanwhile, the altcoin marketcap has been relatively stable, with the week's starting and ending price hovering around $85 billion.

While we wait to see if Bitcoin heads for the lows near $8k (or up to the equal highs near $10k), here are three coins with events on CoinMarketCal to keep an eye on during the upcoming week.

@tradeprophet


Algorand (ALGO)

Algorand (ALGO)

Price
$0.203382 (-1.62 %)
฿0.00002325 (2.33 %)

Market Cap
$145 802 897
฿16 666.17

Volume (24h)
$42 555 583
฿4 864.36

Exchange
BinanceHuobi

It's been a rough month of May for ALGO holders, with the price diving almost 36% from the 2020 yearly open to the low at 0.0000198.

However, the lows at 0.00001982 created a strong bullish bounce, the base of which held on the retest. After this double bottom, the price headed up to the pivot area around 0.0000227, also confirming the weekly level at 0.00002193 as support.

The equal lows at the 0.00002193 weekly level give this week's bears a short-term target if traders "sell the news" after the listing. Bulls might want to enter on the pullback, targeting the short stops up to the highs at 0.00002300.


ICON (ICX)

ICON (ICX)

Price
$0.315141 (-3.30 %)
฿0.00003602 (0.82 %)

Market Cap
$171 789 131
฿19 636.55

Volume (24h)
$42 046 284
฿4 806.15

Exchange
Binance, Huobi

ICX kicked off the year with an over 362% surge, but January's bullish momentum couldn't hold. The price dropped almost to the .236 Fibonacci retracement, sweeping the range low, before climbing back into the range.

A bull flag seems to be forming, which indicates further bullish continuation. Three swing highs rest above, which provide targets to bulls who are anticipating a move toward the middle of the range.

If the BTP release (expected by this Saturday) instead prompts a drop, then bears may want to short signs of weakness, targeting the lows and weekly level around 0.00002820.


THETA (THETA)

THETA (THETA)

Price
$0.339863 (2.39 %)
฿0.00003885 (5.94 %)

Market Cap
$295 851 737
฿33 817.67

Volume (24h)
$102 658 031
฿11 734.44

Exchange
BinanceHuobi

After wobbling through an accumulation range since June 2019, THETA finally broke out in a bullish explosion reaching over 356%.

It's unwise to buy blindly into a pump (since nobody can know for certain when the top is in). However, bulls are undoubtedly eyeing the last highs from March 2019 around 0.00004599. 

The May 2018 high is currently providing resistance, just as Mainnet 2.0 is set to release. This makes the monthly levels at 0.00003757 and 0.00003202 or the weekly level at 0.00002392 reasonable targets for aggressive bears, as well as pullback entries for bulls.

With the markets running hot, crypto exchange listings have seemingly become a catalyst for price movements. It’s almost 2017 all over again. The trend is readily apparent when looking at Coinbase’s most recent additions. Nearly every new listing has seen a substantial boost in price on the day Coi...
Newsletter
03 August 2020
3 coins to keep an eye on | Issue #89
Bitcoin continued rocketing upward after last week's break of the bearish trendline, despite the weekend producing a 12% drop. Overall, the price exploded nearly 22% upward to close at $11,071, over 11% higher than the week's open. Euphoria overwhelmed the altcoin market. The marketcap climbed from $116 billion to nearly $...
Newsletter
13 July 2020
3 coins to keep an eye on | Issue #86
During the last week, there's been no relief for traders anxious to see a resolution to Bitcoin's current range. The price ran the previous weekly highs, covering a 4.56% range from low to high before closing a few dollars above the monthly level at $9,294. Meanwhile, the altcoin marketcap climbed a similar percentage from...
No upcoming event.

3 coins to keep an eye on 👀