Aragon (ANT)
$3.62 (1.92 %) View coin |
Qtum (QTUM)
$2.35 (1.57 %) View coin |
Blockstack (STX)
$0.162502 (0.92 %) View coin
Newsletter
24 August 2020

3 coins to keep an eye on | Issue #92

Hello everyone!

The cryptocurrency markets hang on edge as Bitcoin thrashes aggressive bears and bulls in a nearly 9% range around the $11,500 level.

The altcoin marketcap also began cooling off, dropping from $155 billion to as low as $144 billion before recovering by the weekend to $148 billion.

Since a significant move by BTC in either direction has the potential to crush altcoins during the following week, here are three quick opportunities to watch in coins with events listed on CoinMarketCal during the upcoming week.

@tradeprophet


Aragon (ANT)

Aragon (ANT)

Price
$6.94 (30.03 %)
฿0.00059033 (25.94 %)

Market Cap
$230 059 456
฿19 564.72

Volume (24h)
$62 237 258
฿5 292.78

Exchange
Huobi

It's been a wild summer for ANT, with the price spiking over 800% to the Q3 2017 open on some changes.

Since then, the price has established support at the Q3 2018 open, giving a more modest 420% return since June. 

Bulls entering on this support could target the monthly pivot at 0.00059357 while holding partial positions in anticipation of a second attempt at the Q3 2017 resistance at 0.00093485.

Bears unconvinced by current volume and expecting retracement could look for strong resistance near the local highs at 0.00054600 (perhaps from traders "selling the news" on Tuesday). 

The last swing low near the EMA 21 gives a reasonable target, with the potential to reach the quarterly and yearly levels near August's breakout at 0.00032497.


Qtum (QTUM)

Qtum (QTUM)

Price
$4.01 (0.69 %)
฿0.00034133 (-0.42 %)

Market Cap
$388 996 805
฿33 098.65

Volume (24h)
$529 233 941
฿45 031.03

Exchange
Huobi

QTUM began making aggressive bullish moves in early July, with early buyers now enjoying nearly 155% returns. Is the next leg upward incoming?

The recent 100/200 EMA daily crossover coincided with QTUM's claiming of the inefficiency at 0.00032767 as support, setting the stage for another leg up to test resistance at the Q3 2019 open.

Bears could look for weakness near the current level at 0.00034568 for a cautious short toward the EMA 21 and previous breakout resistance at 0.00029590.

Motivated by Friday's mainnet, offline staking, and Phantom and Neutron releases later this year, bulls could enter in the current region and lower-timeframe supports. Reasonable targets range from the Q3 2019 open to the 2019 yearly open.


Blockstack (STX)

Blockstack (STX)

Price
$0.296834 (6.57 %)
฿0.00002525 (4.84 %)

Market Cap
$170 623 680
฿14 512.16

Volume (24h)
$4 561 266
฿387.95

Exchange
Huobi

The end of July provided STX with rocket fuel as it sliced upward over 100% from the Q3 2020 open before finally beginning to consolidate last week.

The confluence of a monthly level, 21 EMA, bearish orderblock, and previous high helped 0.00002106 hold as support on the first test. Since then, the price has aggressively tested local resistance at 0.00002470, suggesting that another move up may be incoming.

Bears could enter on weakness - perhaps in the aftermath of Wednesday partnership announcement - at the local highs at 0.0000247 while targeting support at 0.00002062.

Bulls anticipating the upcoming conferences, phase 3, and mainnet launch during the rest of the year could target the next monthly highs at 0.00002826. The previous local highs, the 0.00002021 support, and confirmation of the 0.00002519 level as a support are likely to provide entries.

Aragon announced an ANT liquidity mining program that commenced on Wed July 22nd at 3pm UTC. Over a 30 day period, ending August 21st at 3pm UTC, 50,000 ANT will be distributed as rewards to liquidity providers for the ANT/ETH pool on Uniswap V2. How to liquidity mine with ANT: - You must first pr...
Newsletter
14 October 2019
3 coins to keep an eye on | Issue #51
Bitcoin continues to wobble in limbo near the $8200 mark in a 12% range. A break of resistance near the $8500 mark was met with rejection near $8815, near the previous $9000 support. This move may have been a retest providing short entries before a further drop, but the price continues to consolidate near $8300 for now. Me...

3 coins to keep an eye on 👀