Hedera Hashgraph (HBAR)
$0.031548 (2.53 %) View coin |
Loopring (LRC)
$0.168158 (4.71 %) View coin |
yearn.finance (YFI)
$13 330.97 (0.79 %) View coin
Newsletter
14 September 2020

3 coins to keep an eye on | Issue #95

Hello everyone!

Bulls and bears both found themselves trapped as Bitcoin lured them through a 7.65% range before closing the week less than 1% over its opening price.

The altcoin marketcap ranged alongside Bitcoin, with the price climbing up to $151 billion from $137 billion before setting near $145 billion to finish the week.

A quiet week for Bitcoin could give altcoins time to run, so here are three coins with events on CoinMarketCal during the upcoming week to keep an eye on.

@tradeprophet


Hedera Hashgraph (HBAR)

Hedera Hashgraph (HBAR)

Price
$0.037072 (0.24 %)
฿0.00000345 (-3.36 %)

Market Cap
$196 055 736
฿18 239.36

Volume (24h)
$5 117 059
฿476.05

Exchange
Crypto.com

After grinding 100% upwards during 2020, HBAR recently dropped back to the bottom of its higher timeframe range.

Last week, the price found resistance at the monthly levels and the previous move's midpoint. This weekly high could be the target of a bullish trend for this week. 

Currently, the price is testing support near the previous monthly lows around 0.0363 - which also marks the top of an optimal Fibonacci retracement entry. 

If these levels break, a run on the previous week's lows at 0.0337 and beyond to monthly and quarterly lows near 0.018 could be in the cards.

However, if this week creates support and a bullish reversal near the monthly lows at 0.0348 - perhaps fueled by optimism from discussions at this week's Town Hall - bulls could capitalize on a move toward the weekly highs at 0.0398 and beyond.


Loopring (LRC)

Loopring (LRC)

Price
$0.278175 (13.69 %)
฿0.00002588 (8.74 %)

Market Cap
$319 043 406
฿29 681.09

Volume (24h)
$84 863 344
฿7 894.97

Exchange
Crypto.com

LRC bulls have enjoyed a comfortable 1,340% ride during 2020, with another entry possible this week.

After running the previous highs at 0.26799612 last week, the bulls stalled as long upper wicks showed intense selling pressure. However, the Q1 2018 low at 0.23829429 has so far held, confirmed by a touch during the weekend. 

This support could hint at larger players preparing for a run on last week's highs at 0.3081552, thanks to the hype from Tuesday's Coinbase Pro Listing.

A break of this level could give bears an entry to target the weekly lows at 0.16302000 - just below the bull's entry between the .62 and .79 Fibonacci retracements near 0.2. This area shares confluence with several orderblock structures likely to provide support.


yearn.finance (YFI)

yearn.finance (YFI)

Price
$40 009.09 (8.66 %)
฿3.72210644 (4.22 %)

Market Cap
$1 198 970 211
฿111 542.01

Volume (24h)
$618 248 025
฿57 516.55

Exchange
Crypto.com

It's been a staggering climb for early YFI holders - and there may be more upside to come.

After a deep retracement during early September's marketwide pullback, YFI broke upwards for another 140% move during the last few days before finding resistance at $43,910 - the new all-time high. 

However, the price dropped sharply through the previous highs at $39,320, leaving bulls looking elsewhere for support. 

The weekly level at $31,655 could provide support again, with the optimal Fibonacci retracements and consolidation near $26,010 making a stronger bullish case for support. Tuesday's Coinbase listing could create enough buying pressure to target the previous weekly highs near $43,910. 

On the other hand, bears anticipating a top and ready to sell the news could short near the top of the range at $39,000, with targets at the bullish entry points and previous weekly lows near $20,525.

No other news.
No upcoming event.

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