08 февр. 2021
3 coins to keep an eye on | Issue #116
Price
$14.26 (11.27 %)
฿0.00032629 (-3.71 %)
Market Cap
$3 422 192 404
฿78 379.26
Volume (24h)
$1 476 507 667
฿33 772.94
Exchange
Crypto.com
ATOM exploded over 84% from the monthly open to tag the 100% extension near $15.
This level could continue to provide resistance, although early Monday's trading suggests that the 68% extension near $13.50 could be turning from resistance to support.
A drop to the daily gap beginning at $11.265 could provide an excellent entry for traders who can't watch intraday price action. If this gap fills, the zone between $9.50 and $9.00 provides the next logical support.
Technical analysis can't predict a final target, but the 168% and 200% extensions near $18.506 and $20.116 are likely to provide significant resistance. Traders planning to take profits along the way can also watch the 127% extension near $16.444.
Price
$22.67 (18.28 %)
฿0.00051543 (1.85 %)
Market Cap
$21 611 929 958
฿494 341.09
Volume (24h)
$2 393 666 661
฿54 423.91
Exchange
Crypto.com
DOT's stunning rally in January transitioned to a slower continuation during February. However, the 127% extension near $21.079 has provided stiff resistance and pinned down the daily closes for the latter part of last week.
Traders could begin looking for entries in support created by the gap from $18.570 to $17.811. A higher risk-to-reward opportunity could present itself at probable support between $17.127 and $16.058, just above the monthly open.
A deeper market retracement could drop below the relatively equal lows near $14.711, giving a higher probability entry in the support from $14.960 to $12.708.
As price explores thin air, there's no way to predict the final target. However, the 100% and 168% extensions near $26.357 and $31.272 are likely to provide more significant resistance. The 68% and 127% extensions near $25.043 and $28.308 are reasonable areas to take profits along the way.
Price
$4.57 (10.88 %)
฿0.00010393 (-4.44 %)
Market Cap
$471 215 044
฿10 769.09
Volume (24h)
$683 301 419
฿15 548.54
Exchange
Crypto.com
QTUM climbed just over 40% from February's monthly open as it positioned itself to challenge two old swing highs.
The region between $4.185 and $3.925 has provided support for the last few days, making it a reasonable place for aggressive traders to take smaller-size positions. However, a better risk-reward entry might form at support between $3.738 and $3.535.
If the resistance between $4.544 and $4.432 breaks, the next resistance is between $4.932 and the August swing high at $5.464, which marks the first primary target for this trend.
Beyond this first target, traders could target a swing high from last June at $5.97 and possibly up to resistance between $6.331 and $6.40.
3 coins to keep an eye on 👀
Подпишитесь, чтобы получать еженедельный выбор из 3 монет, которые стоит тщательно просмотреть, на основе предстоящих событий и технического анализа.