Band Protocol (BAND)
$5.91 (3.34 %) View coin |
Swipe (SXP)
$1.14 (1.82 %) View coin |
Waves (WAVES)
$3.08 (6.78 %) View coin
Newsletter
10 August 2020

3 coins to keep an eye on | Issue #90

Hello everyone!

Bitcoin's 9% upward grind culminated with an upward explosion last night after the week closed 5.49% higher. Another bullish week for Bitcoin could be in the works, with a higher weekly close triggering higher-timeframe longs for some traders.

Meanwhile, the altcoin market has continued to pump euphorically, although Bitcoin's move over the weekend prompted many traders to sell into eager dip buyers.

During this significant week, here are three coins with events this week on CoinMarketCal to keep an eye on.

@tradeprophet


Band Protocol (BAND)

Band Protocol (BAND)

Price
$16.24 (16.41 %)
฿0.00136071 (12.16 %)

Market Cap
$332 919 175
฿27 886.38

Volume (24h)
$344 956 263
฿28 894.64

Exchange
Huobi

Rarely, an asset that just pumped over 1,500% in the last couple of months could still offer buying opportunities - but traditional rules don't always apply in crypto.

Bitcoin's move on Sunday caused an immediate halt in BAND's euphoric climb. However, the bulls quickly bought the dip, leaving a long lower wick showing support.

If this is the top, then bounces could be played from intraday orderblocks near $13.90, $12.30, and $10.70. Otherwise, bulls could use the same regions to try and catch any dips.

This Tuesday's Coinbase listing and Monday's Huobi listing could provide enough motivation for pulls to continue pushing upward.


Swipe (SXP)

Swipe (SXP)

Price
$2.61 (13.12 %)
฿0.00021843 (9.20 %)

Market Cap
$172 065 765
฿14 412.78

Volume (24h)
$224 392 098
฿18 795.80

Exchange
Huobi

After spending August accumulating, SXP is making significant moves again. 

Last Monday saw the start of a move shooting upward over 87% before meeting resistance in an intraday orderblock near the old highs.

If the price fails to break through these highs quickly, bulls could look to buy dips near probable support at the weekly levels around 0.00020053, 0.00019149, and the ranges' mids near 0.00017776. 

Bears planning to quickly capitalize on "selling the news" may want to target the previous highs and current lows near 0.00018409.


Waves (WAVES)

Waves (WAVES)

Price
$2.02 (10.53 %)
฿0.00016889 (6.86 %)

Market Cap
$207 073 199
฿17 345.11

Volume (24h)
$58 366 346
฿4 888.95

Exchange
Huobi

After gaining nearly 91% since May, WAVES retraced the majority of the move to recently retest the support that started the impulse.

This level launched the price into another 33% climb as its lows began curving up, hinting at probable further bullish continuation.

The price is currently testing the level near 0.00016 for support. If this holds, an attempt at the local highs and beyond is probable.

If this level fails, many bears will likely target current support at 0.0001562 and down to 0.0001460.

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.