NEO (NEO)
$18.31 (5.08 %) View coin |
Sushi (SUSHI)
$0.663647 (3.93 %) View coin |
Uniswap (UNI)
$2.95 (0.25 %) View coin
Newsletter
21 September 2020

3 coins to keep an eye on | Issue #96

Hello everyone!

Aggressive bears found themselves trapped this week as Bitcoin climbed 9.10% from its lows to its highs before closing near $10,925, 5.66% higher than the weekly open.

Meanwhile, the altcoin marketcap ranged sideways between $145 and $150 billion as a few start altcoins captured the spotlight.

While we wait to see if Bitcoin moves sideways to create a bearish retest or reaccumulation, here are three altcoins with events listed on CoinMarketCal during this week to keep an eye on.

@tradeprophet


NEO (NEO)

NEO (NEO)

Price
$20.28 (-15.65 %)
฿0.00194418 (-10.53 %)

Market Cap
$1 430 564 489
฿137 140.08

Volume (24h)
$1 482 098 487
฿142 080.36

Exchange
Crypto.com

NEO continues to climb despite already being up 565% from its lows in March, adding nearly 30% to bull's returns during September.

Last week, the price broke the previous swing high and the Q3 2019 high near $24. Bulls took profits, and the price retraced to test possible support near the last swing high at $23.31.

If this week brings continuation, bulls could target the previous weekly highs near $26.12 while entering at the current area or lower near consolidation at $21.

Bears could enter on signs of weakness near the current levels while targeting the previous swing lows at $22.61 and $19.40.


Sushi (SUSHI)

Sushi (SUSHI)

Price
$1.42 (-14.36 %)
฿0.00013590 (-9.37 %)

Market Cap
$164 751 520
฿15 793.79

Volume (24h)
$175 526 084
฿16 826.69

Exchange
Crypto.com

The uncertainty around SUSHI has created a dream for lower timeframe traders. This volatility might result in more opportunities this week.

The price broke a critical low at $2.02 last week then bounced to $1.97, marking this area as resistance.

Aggressive bulls could enter on a retrace toward the daily lows at $1.42 or a break of resistance near $2. Targets range from probable resistance near the consolidation at $2.23 to the weekly highs at $2.67.

Bears could enter near resistance around $2, or possibly higher later in the week while selling Saturday's news, and target a sweep of last week's lows at $1.32.


Uniswap (UNI)

Uniswap (UNI)

Price
$4.33 (-13.16 %)
฿0.00041482 (-8.29 %)

Market Cap
$419 154 764
฿40 181.98

Volume (24h)
$1 505 593 176
฿144 332.66

Exchange
Crypto.com

One of last week's most hyped coins, UNI's massive airdrop created several theories about price's longer-term direction. For now, it appears that another move upward could be incoming.

After creating euphoric highs at $8.66, the price retraced nearly 50% to run the previous lows at $4.75 before bouncing to resistance at the last consolidation area near $5.51.

Bulls could look for entries around the previous weekly open at $4.97. Targets range from the daily high at $6.93 to the all-time high, although a drop toward support near $3.50 isn't out of the question.

Bears expecting a selloff after Monday's listing and natural loss of speculative interest could enter on signs of weakness near previous highs from $5.51 and above while targeting the weekly lows near $4.62 and below.

No other news.
No upcoming event.

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