HOT Altcoins Trade Ideas

[cryptopost]

Ardor VS Bitcoin- Time To Buy?

Ardor reached the high at 15.2k satoshi after a strong rally resulting in a 490% growth against the Bitcoin. But then a strong corrective move followed where Ardor lost 50%. The correction was stopped at the 61.8% Fibonacci retracement level.

In addition, this support is confirmed by 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. And finally the 4/1 Gann Fan trendline has also been rejected, together with the 200 Moving Average.

Clearly, there is a massive support at 7.3k satoshi and it is being rejected, suggesting that ARDR/BTC could be ready to continue the uptrend.

However, the risk of further decline is always there, and in case support is broken Ardor could drop to 4.4k satoshi support, but at this point, it seems an unlikely scenario.

Source: http://cryptopost.com/ardor-vs-bitcion-time-to-buy/

[EricHodl]

I think that it doesnt matter which coin you hold, the key is too have only a small number of coins so you can do a deep follow up. I think super small project will bring the DAO vision to reality this year.

[cryptopost]

Internet Of People 200% Growth Potential

Internet of people reached an all-time high on 2nd of January, hitting $12.86. The price then strongly corrected down to $4.3, losing 65% to USD. Price found the support at the 76.4% Fibonacci retracement level that was rejected cleanly.

IOP/USD then consolidated and returned back to the 8/1 Gann Fan trendline, which today was tested and it seems being rejected. If the support area around $4 holds, IOP is likely to continue moving higher towards $14 target confirmed by two Fibonacci retracement levels applied to the corrective wave down after resistance breakout on 29th of November and the recent corrective wave down after 2/1 Gann Fan trendline breakout.

Therefore, the potential gain could be as high as 200% and this is only the nearest target. On a downside, only break and close below $3 could invalidate bullish outlook.

Source: http://cryptopost.com/internet-of-people-200-growth-potential/

[cryptopost]

Internet Of People 200% Growth Potential

Internet of people reached an all-time high on 2nd of January, hitting $12.86. The price then strongly corrected down to $4.3, losing 65% to USD. Price found the support at the 76.4% Fibonacci retracement level that was rejected cleanly.

IOP/USD then consolidated and returned back to the 8/1 Gann Fan trendline, which today was tested and it seems being rejected. If the support area around $4 holds, IOP is likely to continue moving higher towards $14 target confirmed by two Fibonacci retracement levels applied to the corrective wave down after resistance breakout on 29th of November and the recent corrective wave down after 2/1 Gann Fan trendline breakout.

Therefore, the potential gain could be as high as 200% and this is only the nearest target. On a downside, only break and close below $3 could invalidate bullish outlook.

Source: http://cryptopost.com/internet-of-people-200-growth-potential/

[cryptopost]

BitcoinCash VS Bitcoin Is Now Ready

Not so long ago BitcoinCash was considered the best alternative to Bitcoin and huge grow was expected by most cryptocurrency market participants. Yes, BitcoinCash went up strongly as expected and gained 330% against the Bitcoin in December 2017. While the uptrend continuation was widely expected BCC/BTC started to move lower and corrected from the previous high at btc 0.292 down to btc 0.136 where it found strong support.

At btc 0.136 BitcoinCash rejected the 200 Moving Average and the 8/1 Gann Fan trendline. The following wave up resulted in the descending channel breakout confirming BCC bullish intentions. Although price once again corrected back and again it rejected the 200 Moving Average and failed to break below btc 0.136 support.

The next potential move by BitcoinCash could be yet another wave up, where the uptrend will continue. There are two upside targets that should be watched. First is btc 0.335 and second is btc 0.390, both of which are confirmed by two Fibonacci retracement levels.

Source: http://cryptopost.com/bitcoincash-vs-bitcoin-is-now-ready/

[cryptopost]

Metaverse – Sky Is Not The Limit

Metaverse is one of the newer coins that holds great potential. Currently, it can be traded on Bitfinex, RightBTC, HitBtc and few other exchanges but potentially could be adopted by most major exchanges in the nearest future.

The price remains very cheap in relation to the “starting price”, which is $2.5 for 1 Metaverse coin. ETP/USD has been ranging between $2 and $6 for the past 4 months, but as of lately it showing the potential for the rise.

Metaverse broke above the descending channel, going up to $6.2. On a corrective wave down price went down and was stopped at 61.8% Fibonacci retracement level and the 4/1 Gann Fan trendline, both of which have been rejected. Then price broke above the downtrend trendline and yet again corrected back to 61.8% Fibs at $2.4.

It seems like a very interesting timing for Metaverse as it could be the starting point for a long-term uptrend. The very first upside target is seen at $12-13 area. If it manages to break above, much bigger growth potential should present itself. On a downside, break and close $1 support could invalidate bullish outlook.

Source: http://cryptopost.com/metaverse-sky-is-not-the-limit/

[cryptopost]

Bitcoin Could Have Reached The Bottom

It seems that Bitcoin has finally found the bottom after losing 62% from the all-time high. Fibonacci applied to the breakout of the ascending channel shows that price has reached the final downside target at 0% Fibs at $7555 and rejected it cleanly.

In addition, Fibonacci applied to the corrective wave up after breaking the uptrend trendline shows that the very same price level is at 561.8% retracement. Today Bitcoin rejected the lower trendline of the descending channel, not to mention that on a Daily chart price is rejecting the 200 Moving Average.

And finally, price rejected the 2/1 Gann Fann trendline has acted as a support. Therefore, all the facts so far are in favor of the potential uptrend continuation and pointing out to the end of the correction.

Source: http://cryptopost.com/bitcoin-could-have-reached-the-bottom/

[cryptopost]

Ardor Probability Of Reversal

Ardor went all the way down to the 5k satoshi level from the 15k satoshi high, losing almost 70% to the Bitcoin in just one month. The support at 7.3k satoshi was broken together with the Gann Fan trendline and price went lower, to test the next support at 5k satoshi.

This is a very strong support are, ie 4.5-5k satosi, that is a 227.2% Fibonacci retracement level of the corrective wave up after breaking the uptrend trendline. It also confirmed by the 8/1 Gann Fan trendline. And finally, the 200 Moving Average on a Daily chart, that hasn’t proved to be broken as Day has to close below 5k sats.

Considering that RSI oscillator showing the oversold market condition it is likely that Ardor is at the bottom of the correction and could start rising from this point. At the same time 5k satoshi support must be watched for a break and close below, it this case Ardor could go lower.

Source: http://cryptopost.com/ardor-probability-of-reversal/

[cryptopost]

BitShares – The End Of Correction?

BitShares fell down to 3k satoshi support after reaching the high at 6.6k satoshi in January, while the decline resulted in over a 60% loss to Bitcoin. The strong support was found at 61.8% Fibonacci retracement level, that price failed to break and close below, although spikes lower have been the case.

From 3k support, the price went back up to 4.7k resistance and once again moved down to the 3k support. Currently, BTS/BTC could be forming a double bottom around the support area, which is now also confirmed by the 4/1 Gann Fan trendline as well as the 200 Moving Average which is being rejected yet again.

There is also a possibility that consolidation will take place and price will range between 2.3 and 3k satoshi, nevertheless with the given facts, it looks like the correction is coming to an end.

Source: http://cryptopost.com/bitshares-the-end-of-correction/

[YKTSSR*]

ok Guys have two new trade Ideas, have a look and let me know what you think

[cryptopost]

Factom – Support Levels To Watch

Factom seems to start reversing to the upside against the Bitcoin as price clearly broke above the previous high at btc 0.0033 resistance. FCT/BTC went up to btc 0.0057, but then corrected back to btc 0.0024 which is actually the crossing price of the two 8/1 Gann Fan trendlines.

Prior to that Factom tested the 200 Moving Average, which has been rejected on the 16th of December. Then price produced the spike lower, but it failed to close below btc 0.0031 support.

While the price could be reversing in the very near future watch out for the Fibonacci support breakouts. But only break and close below 88.6% retracement level, that is btc 0.0015, could reverse the trend to the downside.

http://cryptopost.com/factom-support-levels-to-watch/

[cryptopost]

Gnosis Trend Is Still UP

Gnosis found the bottom at btc 0.0056 and started to move up, breaking the key resistance area around btc 0.017 followed by the 200 Moving Average breakout. Price managed to go as high as btc 0.029, breaking above the 161.8% Fibonacci retracement level applied to the corrective wave after the MA and the resistance breakout.

This suggests that the uptrend is incomplete and there are more gains to come while reaching at least a double top at btc 0.29 or a longer term rise.

Back to the current situation, GNO/BTC has corrected back to btc 0.015 support level, and this is where 4/1 Gann Fan trendline is being rejected. If daily close will remain above that support, Gnosis is likely to continue going higher. But, break and close below the support could result in another wave down towards btc 0.011 support before the continuation of the uptrend.

In any case, the price is looking attractive and this could be the starting point for the uptrend continuation. Only daily break and close below the btc 0.0056 could invalidate bullish outlook.

Source: http://cryptopost.com/gnosis-trend-is-still-up/

[cryptopost]

Golem Remains At The Support

Following the previous idea on Golem, it has reached support at 4k satoshi, and currently still presents the buying opportunity for the medium to long-term.

The 4k support level has previously been rejected multiple times while first acting as a resistance and then the support. Yet again price rejected the 4k level on the 2nd of February and continues to trade around it for the last three days.

The 8/1 Gann Fan trendline is very close and should act as additional confirmation of the support. GNT/BTC could remain near the support level for another week and produce spikes lower than the support level, nevertheless, the trend looks bearish and soon than later price is expected to rise.

The first major resistance is at 8k satoshi, second is at 11k and third is at 13k. On the downside, only break and close below 1.5k support could invalidate long-term bullish outlook.

Source: http://cryptopost.com/golem-remains-at-the-support/

[contractus325]

In my opinion, TokenGo is very interesting. Just look at their idea that they have at ICO, it seems to me a certain profit. More information is on their website.

https://tokengoplatform.com/

[cryptopost]

Augur Should Continue The Uptrend

After Augur broke the triangle pattern it went up to $124 all-time high, resulting in a 722% growth in just 5 weeks. The strong corrective wave followed, bringing the price back to the $39 support level, that is the high of the triangle pattern.

Currently, the price is rejecting the uptrend trendline and the $39 support. From this point is it likely that the uptrend will continue as the price seems very attractive, especially after the strong correction. While the price could consolidate and even get back slightly lower, the uptrend should remain valid, unless the $24 level is penetrated.

There are two major resistance levels that could be used as upside targets. First is $150 confirmed by two Fibonacci retracement levels applied to the triangle pattern and second Fibonacci applied to the corrective wave after the triangle pattern breakout. The second target is $170, and should only be reached if $150 resistance is broken.

Source: http://cryptopost.com/augur-should-continue-the-uptrend/

[cryptopost]

Zencash VS Bitcoin Approaching Key Resistance

Following the previous idea on ZenCash, the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first.

The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will manage to break above, the price could go as high as btc 0.01.

On a downside note, break and close below btc 0.0033 could send price lower, back to the next support at btc 0.0025, but it still should not invalidate bullish outlook.

Source: http://cryptopost.com/zencash-vs-bitcoin-approaching-key-resistance/

[cryptopost]

Aragon Is Under Pressure

Aragon went up from $1 up to $8 area, where it found the resistance and formed a double top. Price then declined down sharply and broke below the uptrend trendline and the 200 Moving Average.

The downside risk remains, where ANT/USD could decline to one of the Fibonacci support levels applied to the breakout point of the uptrend trendline. First strong support is at $2.4, if reached and broke further downtrend could be expected where Aragon could test $1.15 support level.

At the same time, it has to be mentioned that price also formed a double bottom at $3 area and if it continues to rise, breaking above the $5.77 resistance, the continuation of the uptrend would become a more likely scenario.

Source: http://cryptopost.com/aragon-is-under-pressure/

[cryptopost]

Basic Attention Token Reversing Up?

Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline, that has been rejected cleanly.

In addition, Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that $0.23 is also a 461.8% retracement level, confirming the presence of the support.

If BAT/USD will continue trading above that level, the trend could reverse to the upside and perhaps move to a new all-time high. The price seems very attractive in terms of buying opportunity and only break and close below the support could invalidate bullish outlook.

Source: http://cryptopost.com/basic-attention-token-reversing-up/

[cryptopost]

Edgeless – Downside Target Reached, And Rejected

Edgeless has been slowly moving downwards for the past few months. It declined from 23.5k satoshi down to the 8k satoshi level, losing 66% to the Bitcoin. Fibonacci applied to the uptrend trendline breaking point shows that EDG/BTC reached and rejected the final downside target at 0% Fibonacci, that is 8k satoshi level.

This is a strong support for Edgeless and price could potentially reverse to the upside from this point. Consolidation is possible and even spikes below the support. The confirmation of the reversal could be the break above the descending channel which should push price towards 16k satoshi resistance. If the resistance is broken a longer-term uptrend might be on its’ way.

Source: http://cryptopost.com/edgeless-downside-target-reached-and-rejected/

[cryptopost]

IOTA VS Bitcoin Uptrend Continues

After reaching the btc 0.00044 high, Iota almost immediately has corrected down to btc 0.00017, losing 60% to the Bitcoin. Following consolidation between btc 0.00030 and 0.00017 is going on now for nearly two months.

IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level, occurred last week, the 8/1 Gann Fan trendline has been rejected cleanly as well.

This could be first signals of the end of consolidation period and continuation of the long-term uptrend. The price is certainly attractive for buyers and least for the short term investment. The first resistance is at 23.6% Fibs that is btc 0.00035 level and should play the key role in further price development. Break above it should confirm the long-term uptrend, while the rejection could prolong the consolidation period.

Source: http://cryptopost.com/iota-vs-bitcoin-uptrend-continues/