Bytom (BTM)
$0.081344 (2.89 %) View coin |
Ethereum Classic (ETC)
$5.20 (-0.23 %) View coin |
Zilliqa (ZIL)
$0.016699 (-1.46 %) View coin
Newsletter
01 June 2020

3 coins to keep an eye on | Issue #80

Hello everyone!

Last week’s 13% range tore apart bears shorting the weekly level at the bottom of the current range at $8,730. It’s still not clear if this pennant will break upward, or if this marks the top for the near future.

The altcoin market cap climbed alongside Bitcoin, rising to $93 billion from $85 billion. Many smaller-cap altcoins are already popping off, with some majors hinting at a climb.

Since a sudden move from Bitcoin could disrupt longer-term altcoin predictions, here are three coins with on CoinMarketCal with events this week to keep an eye on.

@tradeprophet


Bytom (BTM)

Bytom (BTM)

Price
$0.073995 (2.94 %)
฿0.00000775 (2.71 %)

Market Cap
$79 408 902
฿8 316.23

Volume (24h)
$42 380 128
฿4 438.33

Exchange
BinanceHuobi

January’s climb turned into nearly 50% losses for BTM bulls by the middle of May. However, the low at 0.00000641 provided fuel for a vertical liftoff in the last couple of weeks.

Price broke through the monthly level at 0.0000071, claimed it as support, consolidated, and launched to the next monthly level at 0.00000821 - a pivotal area on the higher timeframes.

If the price can take this level, perhaps fuelled by exciting news from Monday’s AMA, bulls may want to target the yearly level above at 0.00000909 with entries near the previous resistance at 0.00000768.

Bears expecting a rejection at this current pivotal region may want to target as low as the weekly level at 0.00000716.


Ethereum Classic (ETC)

Ethereum Classic (ETC)

Price
$6.95 (-4.91 %)
฿0.00072833 (-4.35 %)

Market Cap
$808 906 102
฿84 714.03

Volume (24h)
$1 535 399 867
฿160 797.30

Exchange
Binance, Huobi

A bounce off of the 2020 yearly open turned into a bullish rally for ETC. Since the middle of May, the price has climbed almost 23% as it challenges the center of the previous consolidation around 0.000777.

The week is starting off with a long lower wick, which could indicate a quick run of the long stops around the monthly level at 0.0007096 before a further move up. 

If the price does climb from here, bulls are likely to see targets hit around the highs at 0.000783, and possibly even up to the highs at the weekly level at 0.0008372.

Bears planning to sell the news of the mainnet launch could target the swing lows as low as the 2020 yearly open at 0.0006362.


Zilliqa (ZIL)

Zilliqa (ZIL)

Price
$0.016186 (12.68 %)
฿0.00000170 (11.48 %)

Market Cap
$164 619 011
฿17 240.00

Volume (24h)
$108 114 605
฿11 322.48

Exchange
BinanceHuobi

ZIL’s massive drop in 2019 might have reversed to start a new wildly bullish trend - giving nearly 200% returns since the end of April.

This week is beginning with a break of the short-term highs at 0.00000159, which might indicate another exceptionally bullish week is coming.

Previous highs at 0.00000175 and 0.00000203 provide likely targets. Bulls looking to join the trend might want to enter on a successful retest of the previous highs and monthly level around 0.00000153.

The monthly level above at 0.00000214 could provide enough resistance to force a longer cooldown period for the bulls, giving bears a massive shorting opportunity.

Today Grayscale released its Q2 Digital Asset Investment report detailing activity around its cryptocurrency investment trust products. The firm reported a record $905.8 million in quarterly inflows across all products, nearly double the previous quarterly record of $503.7 million in 1Q20. This tran...
Last week, Zilliqa’s new staking contract started accepting its first ZIL deposits through crypto exchange Kucoin. Zilliqa still primarily relies on a hybrid Proof-of-Work (PoW) and pBFT consensus layer to validate transactions. But the new staking mechanism allows Seed Node operators, essentially s...
Last week, Zilliqa’s new staking contract started accepting its first ZIL deposits through crypto exchange Kucoin. Zilliqa still primarily relies on a hybrid Proof-of-Work (PoW) and pBFT consensus layer to validate transactions. But the new staking mechanism allows Seed Node operators, essentially s...

3 coins to keep an eye on 👀