HOT Altcoins Trade Ideas

[cryptopost]

CoinDash Easy x2

CoinDash bottomed out at $0.029 after which the consolidated started. CDT/USD continues trading between $0.03 support at $0.055 resistance. While the trend remains bearish, the recent break above the 50 Moving Average suggests that the price could correct higher.

The key resistance is seen at $0.092, that is 23.6% Fibonacci retracement level applied through the all-time high. It corresponds with the upper trendline of the descending channel as well as the downtrend trendline.

At this stage small correction down is likely, to test 50 Moving Average once again. However, it is should take long before price reaches the $0.092 resistance. Break and close above it will open much more upside potential, while rejection should result in a correction down, perhaps back to $0.29 to produce a double bottom.

Source: http://cryptopost.com/coindash-easy-x2/

[cryptopost]

Dash Formed a Double Bottom

Dash has found the support at $278 where it formed a double bottom. Following wave up resulted in the break above the downtrend trendline and the 50 Moving Average, suggesting the change in trend or a correctional move upwards.

The nearest support is now based at $300 area, which is the trendline and the moving average breakout point. It is likely that the price will get back to that area before going higher, but at the same time the moving average could also act as the support.

The upside target is seen at 76.4% Fibonacci retracement that is $638 and corresponds with the previous resistance are formed through 23-27 of February. On a downside, only break and close below the $278 support could invalidate bullish outlook and extend the consolidation.

Source: http://cryptopost.com/dash-formed-a-double-bottom/

[cryptopost]

Ripple VS Bitcoin To Continue Rising

Ripple has found the bottom at 6900 satoshis and begun to produce higher highs and higher lows. Price has broke the 50 Moving Average first, where then it found the support which has been rejected. Then it broke above the descending channel suggesting the beginning of an uptrend, or at least a correctional move up.

It is possible that XRP/BTC will correct down first before going higher, but overall trend now seems to be bullish. The first target is at 38.2% Fibonacci retracement, that is at 10k satoshis area. Second and key resistance is at 61.8% Fibonacci, that is 11k satoshis area. Break above the 61.8% Fibs should confirm long term bullish trend, while the rejection could result in yet another wave down.

On the downside, price could test the uptrend trendline first, but only break and close below 6900 satoshis might invalidate bullish outlook.

http://cryptopost.com/ripple-vs-bitcoin-to-continue-rising/

[cryptopost]

0x Has x10 Potential

0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline.

It seems that it’s only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.

On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.

Source: http://cryptopost.com/0x-has-x10-potential/

[cryptopost]

Ontology VS Bitcoin Should Go Much Higher

Following the previous idea on ONT/BTC, it has reached and broke the resistance suggesting the continuation of the uptrend. The Fibonacci applied to the corrective wave after breaking above the 2400 satoshis resistance shows that Ontology broke above the 327.2% Fibonacci retracement level and corrected back down to the uptrend trendline. Currently the uptrend trendline is holding and if rejected price is likely to continue going up.

But, if the trendline will be broken, ONT/BTC could correct down, back to the 127.2% Fibs support at 3800 satoshis. In any case the nearest upside target is seen at 7700 satoshis, whereas if broken it should continue going higher and could reach 13.5k satoshis in the short to medium term.

Source: http://cryptopost.com/ontology-vs-bitcoin-should-go-much-higher/

[Pumuckel21]

0x Has x10 Potential

0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline.

It seems that it’s only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.

On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.

Source: http://cryptopost.com/0x-has-x10-potential/

Do you know if dnt (distirct0X) is connected to zrx? In my opinion the idea behind dnt has failed and i thought taht zrx is connected to dnt so i would doubt that zrx has really a fundamental potential by x10. But i am open for other opinions

[cryptopost]

ZCoin Breaking Above

ZCoin has formed a massive support at $26, which has been rejected multiple times. Looking at the larger time-frame price has formed a double bottom and broke above the downtrend trendline as well as 200 Moving Average.

The closes support is now based near $30 psychological support which is also a downtrend trendline breakout point. While the trend now seems to be bullish price could retrace back to the $30 support, although the buying opportunity is already presented.

There are several resistance level, but the key resistance is located at $75. Only break above that price should confirm a long term uptrend, prior to that the upwards move should be considered a correction.

Source: http://cryptopost.com/zcoin-breaking-above/

[Boristhecat]

Interesting analyst, thanks to the author of the thread. I'm surprised that I did not see it before.

[cryptopost]

AppCoin VS Bitcoin Break Above The Range

AppCoin has found the bottom at 3784 satoshis while forming a bullish divergence on the RSI oscillator. The started to consolidate forming the resistance at 5800 satoshis. But recently APPC/BTC managed to close above the resistance as well as 50 Moving Average.

In combination with the bullish divergence these are the first signs of a potential correction up or a trend reversal. There are two targets to watch. First is at 11k satoshis, if broken price is likely to continue rising towards the second target at 17k satoshis. And only brake above the 17k should confirm the trend reversal and would potentially send price to the new all-time high.

On a downside, price could correct down, towards either the 50 Moving Average or the uptrend trendline. But, daily break and close below the 3780 satoshis low should invalidate bullish outlook.

Source: http://cryptopost.com/appcoin-vs-bitcoin-break-above-the-range/

[cryptopost]

Golem – signs of a Bull Market

Golem has formed a double bottom at $0.177 several weeks ago. And recently price spiked up breaking above multiple resistances. The strong rise resulted in a break above the 200 Moving Average, descending channel as well as the $0.5 resistance level.

This could suggest that buyers are starting to be active and the trend could be reversing to the upside. The first potential upside target is located at 61.8% Fibonacci retracement level that is $0.8 area, which is also correspond to the 227.2% Fibonacci channel trendline.

After the short lived rally GNT/USD could take some rest and consolidate before continue going up, perhaps the decline will be down to the 200 Moving Average. Nevertheless the trend now seems to be bullish and another wave up could be just around the corner.

Source: http://cryptopost.com/golem-signs-of-a-bull-market/

[DrYe5]

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[timknip]

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[cryptopost]

Verge Short Term Bullish Outlook

Verge has found the bottom at $0.023, where it formed a bullish divergence on the RSI oscillator. Price then started to produce higher highs and higher lows suggesting the beginning of an uptrend.

XVG/USD broke above the 200 Moving Average and the Descending Channel, reaching $0.11 high. Although price hasn’t tested the 38.2% Fibonacci resistance level and corrected down to the 200 Moving Average where it currently found the support. From this price is it likely that the growth will continue towards the Fibonacci resistance at $0.12, which is the very first strong resistance for Verge. Break and close above that resistance should trigger stronger growth, while rejection could result in consolidation.

On a downside, XVG could still get lower towards the uptrend trendline before moving higher. But only break and close below the $0.023 support could invalidate short term bullish outlook.

Source: http://cryptopost.com/verge-short-term-bullish-outlook/

[ttranhoan215]

Thank you very much for your information, you can be sure that such studies are very productive for all of us ?

[cryptopost]

Verium Starting An Uptrend

Verium has found the support at $1.74, where it formed a double bottom, along with the bullish divergence on the RSI oscillator. The price went up breaking above the descending channel and the 50 Moving Average.

As VRM/USD continues to produce higher highs and higher lows, the price is likely to continue increasing. The first resistance is seen at 76.4% Fibonacci retracement level that is $5 area. Break and close above tha resistance should send price much higher where the upside target is seen around $12 area.

On a downside, Verium could correct back down, towards the 50 Moving Average which already acted as a support on the 16th of April. But only break and close below the $1.74 support could invalidate bullish outlook.

Source: http://cryptopost.com/verium-starting-an-uptrend/

[cryptopost]

Augur Short Term 80% Growth Potential

Augur has found strong support at $23, and started to move higher breaking above the downtrend trendline. But what is more important is that this week REP/USD managed to close above the 200 Moving Average, not to mention that the price continues to produce higher highs and higher lows.

The trend now seem to be very bullish and the Augur rise is likely to continue. The very strong resistance, that is potential upside target, is seen at 50% Fibonacci retracement level, that corresponds to the previous uptrend trendline. Only break and close above $75 resistance level should confirm a long term bullish uptrend. However, rejection of it, could result in a consolidation and potential correctional move down, back to the $40 area.

On a downside, price could return to the downtrend trendline breakout point, that is $27, but only break and close below the $23 support would invalidate bullish outlook.

Source: http://cryptopost.com/augur-short-term-80-growth-potential/

[cryptopost]

Enjin Coin Acceleration

Enjin coin has formed a strong bottom at $0.09 area, where price bounced at least three times. Since the beginning of April ENJ/USD price was consistently moving up while bouncing off the uptrend trendline.

The rise has resulted in the break above the 200 Moving Average followed by the downtrend trendline break. This is the first strong signal of a potential trend reversal, that could result in a 230% growth from the current price.

The first strong resistance is seen at $0.32, which is 127.2% Fibonacci retracement, applied to the corrective wave down where double bottom was formed. The second and key resistance is based at $0.5, which is 227.2% Fibonacci retracement level.

On the downside, Enjin coin could correct down to the $0.1 psychological support before growth continues, but only break and close below the $0.09 support could invalidate bullish outlook and extend the consolidation.

Source: http://cryptopost.com/enjin-coin-acceleration/

[cryptopost]

Groestlcoin – How Far Can It Go?

Following the previous idea on Groestlcoin, it has reached the upside target and broke above it. GRS coin remains one of the leaders in the recent performance. Since price has bottomed out at $0.26, the increase in value was 760%, resulting in the GRS/USD moving as high as $2.3 in just over two weeks.

The upside momentum remains very strong and the rise is likely to continue. The next resistance level is seen at $127.2% Fibonacci retracement level, that is $3.5. And the much stronger, key resistance is at 161.8% Fibs, that is $4.5. If GRS manages to break above the final resistance, then only sky is the limit, while the rejection of any of the resistance level should result in a several months of correctional move down.

On a downside, there are several support levels to watch, the nearest is at $1.27, that is 50% Fibs. The second is $0.58, which is 61.8% Fibs from the previous wave up, and remains the key support level. Break below first support at $1.27 could send it back to $0.58 from where the uptrend should continue. But only break and close below $0.26 should invalidate bullish outlook.

Source: http://cryptopost.com/groestlcoin-how-far-can-it-go/

[cryptopost]

Genesis Vision Buying Opportunity

Genesis Vision found the support at 76.4% Fibonacci retracement, which has been rejected twice, forming a double bottom. The following wave up resulted in the break above the downtrend trendline and then 200 Moving Average.

Current price action suggests a potential trend reversal or a strong corrective move up. The resistance is seen at 76.4% Fibs applied through the all-time high, that is $40 area.

On a downside, the closest support is at 200 Moving Average which has been rejected already. Price could once again test it and produce a spike below prior to the wave up. Although only break and close below the $15 support could invalidate bullish outlook.

Source: http://cryptopost.com/genesis-vision-buying-opportunity/

[cryptopost]

Storm VS Bitcoin Uptrend Continues

Strom has been showing great performance recently and has already gained 90% over bitcoin since it found the bottom at 384 satoshis. Clearly STORM/BTC trend is up as price continues to produce higher highs and higher lows.

The resistance at 580 satoshis has been broken and recently has been acted as the support which has been rejected. The next potential upside target could be the double top, near 900 satoshis area.

On a downside, price could correct down to test the 580 support once again, but only break and close below the 460 satoshis could invalidate bullish outlook.

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