Topic: HOT Altcoins Trade Ideas - page 24. (Read 16049 times)
Most Altcoins loose their value over time. Only few best remain at peak. The project that have a higher daily trading volume and have a widespread community behind with continuous development backed by strong team are Ethereum, Ripple, Red Pulse, SONM are the most promising project to invest and it is not difficult to earn on daily trade.
I'm just looking for a coin for a long-term investment. The Golem seems to me very good, I'll wait yet. Let's see how the coin will show itself
Incent 400% Growth Potential
After reaching an all-time high at $1.12, Incent sharply corrected down to $0.16, losing 85% to USD. However, price found the support at $0.25 as the weekly closing price remained above that level and this is the price where the triangle was previously rejected after the breakout.
Currently, INCNT/USD is trading around $0.25 support, that could prove to be a good entry point for investors. The growth potential for Incent remains as high as 400% in the medium term, as the upside target is seen at $1.23, where double Fibonacci formed a strong resistance.
On the downside, the support area remains between $0.25 and $0.125 and Incent could get lower once again, but only break and close below $0.08 could invalidate bullish outlook.
Source: http://cryptopost.com/incent-400-growth-potential/
After reaching an all-time high at $1.12, Incent sharply corrected down to $0.16, losing 85% to USD. However, price found the support at $0.25 as the weekly closing price remained above that level and this is the price where the triangle was previously rejected after the breakout.
Currently, INCNT/USD is trading around $0.25 support, that could prove to be a good entry point for investors. The growth potential for Incent remains as high as 400% in the medium term, as the upside target is seen at $1.23, where double Fibonacci formed a strong resistance.
On the downside, the support area remains between $0.25 and $0.125 and Incent could get lower once again, but only break and close below $0.08 could invalidate bullish outlook.
Source: http://cryptopost.com/incent-400-growth-potential/
Clams Entering a New Cycle
Clams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high.
On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.
According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.
On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 – 2.5 support area, where the buying opportunity would be extremely attractive.
Source: http://cryptopost.com/clams-entering-a-new-cycle/
Clams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high.
On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.
According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.
On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 – 2.5 support area, where the buying opportunity would be extremely attractive.
Source: http://cryptopost.com/clams-entering-a-new-cycle/
I plan to invest in Clams and Namecoin it is quite reliable coin, as far as I understand. Although I rarely invest in relatively young coins
I usually do not take risks with little-known coins, but Golem is very promising. So I would invest.
Elastic Waiting Time
Elastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator.
Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is oversold, but at the same time, it failed to break above the downtrend trendline formed during the consolidation.
At this point for Elastic to move higher, a break and close above $0.3 is required, unless that happens price could decline back to $0.17 or even lower prior to the trend reversal.
Source: http://cryptopost.com/elastic-waiting-time/
Elastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator.
Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is oversold, but at the same time, it failed to break above the downtrend trendline formed during the consolidation.
At this point for Elastic to move higher, a break and close above $0.3 is required, unless that happens price could decline back to $0.17 or even lower prior to the trend reversal.
Source: http://cryptopost.com/elastic-waiting-time/
I know all the coins except for Factom, it seems to me superfluous in this list, I would not invest in it. As for me then Clams is the best option of these coins
Yes, maybe a bit exaggerated and alone in my thoughts. It is not in my choice and investment strategy. Maybe it needs a place for fairness.
I know all the coins except for Factom, it seems to me superfluous in this list, I would not invest in it. As for me then Clams is the best option of these coins
Factom to the New All-Time High
Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.
Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers.
The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook.
Source: http://cryptopost.com/factom-to-the-new-all-time-high/
Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.
Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers.
The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook.
Source: http://cryptopost.com/factom-to-the-new-all-time-high/
Synereo AMP vs Bitcoin – The Bottom
Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level.
Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already.
On the downside, only break and close below the 2k satoshi could invalidate bullish outlook.
Source: http://cryptopost.com/synereo-amp-vs-bitcoin-the-bottom/
Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level.
Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already.
On the downside, only break and close below the 2k satoshi could invalidate bullish outlook.
Source: http://cryptopost.com/synereo-amp-vs-bitcoin-the-bottom/
EuropeCoin Could Double in Value
EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.
After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.
On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.
Source: http://cryptopost.com/europecoin-could-double-in-value/
EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.
After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.
On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.
Source: http://cryptopost.com/europecoin-could-double-in-value/
BlockNet 200% Growth Potential
From September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56.
The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended.
Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving higher.
Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.
Source: http://cryptopost.com/blocknet-200-growth-potential/
From September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56.
The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended.
Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving higher.
Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.
Source: http://cryptopost.com/blocknet-200-growth-potential/
ReddCoin Target Map
ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend.
History could repeat itself which means ReddCoin is on its’ way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD.
On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom.
Source: http://cryptopost.com/reddcoin-target-map/
ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend.
History could repeat itself which means ReddCoin is on its’ way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD.
On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom.
Source: http://cryptopost.com/reddcoin-target-map/
Raiden Network VS Bitcoin Trade Setup
Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend.
However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels.
On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.
Source: http://cryptopost.com/raiden-network-vs-bitcoin-trade-setup/
Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend.
However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels.
On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.
Source: http://cryptopost.com/raiden-network-vs-bitcoin-trade-setup/
BitBean Change In Trend
On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.
Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.
On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.
Source: http://cryptopost.com/bitbean-change-in-trend/
On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.
Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.
On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.
Source: http://cryptopost.com/bitbean-change-in-trend/
Tron VS Bitcoin Comeback
After a heavy rally, Tron has reached 2050 satoshi high and moved down as sharp as it was rising. On a corrective wave down TRX/BTC reached the uptrend trendline which has been rejected together with the 88.6% Fibonacci retracement level.
Since then the price has been ranging between 61.8% Fibonacci level at 900 and 400 satoshi. Today Tron is trading around 465, that is very close to 400 satoshi support. Considering that the double bottom has been already formed, the price could start rising from that area. First upside target is at 900 satoshi, the second is 1300 satoshi, and if that resistance is broken, Tron is likely to produce a new all-time high against the Bitcoin.
On a downside, the risk of Tron declining down to 200 satoshi support is still there, therefore the break above the downtrend could be a good indication of the Tron reversal.
http://cryptopost.com/tron-vs-bitcoin-comeback/
After a heavy rally, Tron has reached 2050 satoshi high and moved down as sharp as it was rising. On a corrective wave down TRX/BTC reached the uptrend trendline which has been rejected together with the 88.6% Fibonacci retracement level.
Since then the price has been ranging between 61.8% Fibonacci level at 900 and 400 satoshi. Today Tron is trading around 465, that is very close to 400 satoshi support. Considering that the double bottom has been already formed, the price could start rising from that area. First upside target is at 900 satoshi, the second is 1300 satoshi, and if that resistance is broken, Tron is likely to produce a new all-time high against the Bitcoin.
On a downside, the risk of Tron declining down to 200 satoshi support is still there, therefore the break above the downtrend could be a good indication of the Tron reversal.
http://cryptopost.com/tron-vs-bitcoin-comeback/
Monero VS Bitcoin Downside Risk
Following the previous idea on Monero VS Bitcoin, the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator.
Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based.
On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin.
Source: http://cryptopost.com/monero-vs-bitcoin-downside-risk/
Following the previous idea on Monero VS Bitcoin, the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator.
Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based.
On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin.
Source: http://cryptopost.com/monero-vs-bitcoin-downside-risk/
Ripple Soon To Confirm The Long-Term Uptrend
Ripple has found the bottom at $0.57 while forming a bullish divergence on the RSI oscillator. Price went up and broke above the downtrend trendline, that is 2/1 Gann Fan trendline, resulting in a 115% recovery from the bottom.
XRP/USD started the consolidation between $0.89 and $1.25, although since 11th of February it looks like a slightly ascending trend. Yesterday price attempted to break below the uptrend trendline, although failed to close below, suggesting the Ripple should continue to move higher.
The nearest resistance is at $1.45 which appears to be the key price to watch for and confirmed by two Fibonacci retracement levels, 76.4%, and 161.8%. Break above should confirm the continuation of the long-term uptrend and will invite big buyers to participate.
On a downside, the nearest support is at $1, where daily break and close below might send Ripple back to $0.6-0.9 area.
Source: http://cryptopost.com/ripple-soon-to-confirm-the-long-term-uptrend/
Ripple has found the bottom at $0.57 while forming a bullish divergence on the RSI oscillator. Price went up and broke above the downtrend trendline, that is 2/1 Gann Fan trendline, resulting in a 115% recovery from the bottom.
XRP/USD started the consolidation between $0.89 and $1.25, although since 11th of February it looks like a slightly ascending trend. Yesterday price attempted to break below the uptrend trendline, although failed to close below, suggesting the Ripple should continue to move higher.
The nearest resistance is at $1.45 which appears to be the key price to watch for and confirmed by two Fibonacci retracement levels, 76.4%, and 161.8%. Break above should confirm the continuation of the long-term uptrend and will invite big buyers to participate.
On a downside, the nearest support is at $1, where daily break and close below might send Ripple back to $0.6-0.9 area.
Source: http://cryptopost.com/ripple-soon-to-confirm-the-long-term-uptrend/
Bitcoin Price Development
Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately.
The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels.
On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario.
Source: http://cryptopost.com/bitcoin-price-development/
Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately.
The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels.
On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario.
Source: http://cryptopost.com/bitcoin-price-development/
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