Aave (LEND)
$0.395229 (-2.73 %) View coin |
NEO (NEO)
$17.92 (-0.86 %) View coin |
Siacoin (SC)
$0.002731 (-0.57 %) View coin
Newsletter
22 June 2020

3 coins to keep an eye on | Issue #83

Hello everyone!

It’s been a volatile week in Bitcoin with nothing settled between bears and bulls as the price swept over a 7.27% range before closing the week at a mere .46% below the weekly open.

The altcoin marketcap showed similar indecision as the price wobbled between $94 and $93 billion.

There’s no way to know precisely when Bitcoin’s next big move is coming, but here are three coins with events on CoinMarketCal for this week to keep an eye on while we wait.

@tradeprophet


Aave (LEND)

Aave (LEND)

Price
$0.143350 (-0.56 %)
฿0.00001518 (-1.27 %)

Market Cap
$186 354 769
฿19 736.21

Volume (24h)
$18 216 036
฿1 929.20

Exchange
BinanceHuobi

LEND bulls have enjoyed jaw-dropping returns since the start of 2020, with the price climbing nearly 1500% - and possibly further soon.

After breaking free of resistance in April, the price shot up through the monthly and yearly level around 0.00001332. Running highs around 0.00001593 began to slow the price down, but it broke out yesterday to set a new local high.

Aggressive bulls might wish to enter near the previous resistance at 0.00001593 while targeting the highs at 0.00001950 or beyond - especially if today’s community call reveals any bullish news.

Bears believing that the pump has run its course could target the monthly and yearly levels at 0.00001332.


NEO (NEO)

NEO (NEO)

Price
$10.64 (2.42 %)
฿0.00112717 (1.41 %)

Market Cap
$750 747 427
฿79 509.14

Volume (24h)
$360 938 270
฿38 225.76

Exchange
Binance, Huobi

It’s been a volatile 2020 for NEO, with the price now creeping up to 2019’s Q4 significant support-now-turned-resistance.

May finished with a pump, but June saw a full retrace of this pump. The price is currently hovering above an untested longer-term trendline that began at the end of last year. 

This trendline line also intersects two monthly levels around 0.001057. This confluence could provide bulls with enough support to enter - especially if news from Tuesday’s AMA causes a quick drop in price. 

The monthly levels around 0.00115998 and the yearly level at 0.0012067 provide a reasonable target for bulls. Bears could instead look for entries around the monthly levels at 0.00115998 and target possible support at the trendline.


Siacoin (SC)

Siacoin (SC)

Price
$0.003385 (-4.81 %)
฿0.00000036 (-5.10 %)

Market Cap
$141 544 117
฿14 990.46

Volume (24h)
$8 459 352
฿895.90

Exchange
BinanceHuobi

February’s 131% pump was overshadowed by April’s 144% pump, making SC one of the more exciting coins to watch on quarterly timeframes.

The current pump may have run its course as it spiked through the monthly level at 0.00000041 to tap the highs up to 0.00000044. 

However, aggressive bulls looking for continuation could try to enter at the previous resistance at the current level around 0.00000037. 

Bears planning to sell the news from today’s BKEX listing might enter after a retest confirming resistance of 0.00000037 while targeting as far down as the monthly levels at 0.00000028.

No other news.
No upcoming event.

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.