HOT Altcoins Trade Ideas

[cryptopost]

Wings DAO Hitting Support Area

Fibonacci applied to the last two corrective waves up shows that currently Wings DAO has entered the support area between to 127.2% retracement levels. this is the area between $0.23 and $0.26. At the same time WING/USD has reached the area between two downtrend trend-lines, but currently trading above them.

This is a strong support area for Wings DAO which, if rejected, could be turning point for the trend. WINGS could start reversing to the upside and potentially reaching the previous key resistance, the psychological level at $1.

However, the downside risk remains, and price could reach the psychological support level at $0.2 before and if trend reverses. Therefore it could be better to wait for the uptrend confirmation, that could be the break above the downtrend trendline.

Source: http://cryptopost.com/wings-dao-hitting-support-area/

[cryptopost]

SONM vs Bitcoin Potential Trend Reversal

SONM has found a strong bottom at the 1900 satoshis level. There it has rejected the 261.8% Fibonacci support level, as well as the 8/1 Gann Fan trendline. This week price went up, hitting the downtrend trendline, which is currently acting as resistance.

SONM/BTC could potentially reverse to the upside, but first it has to break above the downtrend trendline. While it is being rejected, consolidation could take place and SONM is likely to form a double bottom near 2k satoshis area.

The other scenario is if the price stays above the current resistance at 2240 satoshis and breaks below the 1880 low. Then the downtrend is likely to continue, towards the previous support level at 1500 satoshis area.

Source: http://cryptopost.com/sonm-vs-bitcoin-potential-trend-reversal/

[chillycoolll]

I was disappointed in the holding of coins, because given the trends in the market, it is almost impossible to choose something really worthwhile.

[cadoso876]

I think investors should pay more attention to the altcoin market. After all, he has a really good future. Of course, the leader will remain bitcoin, but I prefer to decentralize my investments.

[mimota164]

I believe both NEM & XVG have a strong future.Tenx is a great opportunity now, the price has already grown 5 times over the ICO, and by the end of the year will increase again!

[kimma16200]

Research certainly helps, but more so for new coins than those which are around for some time already. Because as soon as the masses begin speculating with a coin,

[capn]

 I love waves with their own blockchain and with their own wallet applicationб for me, it's really a hot alternative, because of all attention, which is surrounding the project.

[cryptopost]

Request Network VS Bitcoin Upside Target

Request Network Token has found the support at 1300 satoshis. The support is confirmed by the 527.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

The support was rejected cleanly followed by the strong growth resulted in the break above the downtrend trendline. But REQ/BTC failed to break above the 50 Moving Average, that currently acting as the resistance.

Currently REQ might start to consolidate between 1300 support and 1700 satoshis resistance and it is important to watch for the break above the resistance in order to expect further growth. When/if that occurred, price is likely to move up, towards the 50% Fibonacci retracement at 2350 satoshis. At the same time break and close below the support could result in a continuation of the downtrend.

Source: http://cryptopost.com/request-network-vs-bitcoin-upside-target/

[cryptopost]

Bread Coin Moving Higher

Bread coin has found the bottom at $0.4, where it has rejected the uptrend trendline cleanly. This could be the continuation of the long term uptrend, but for this at least one more confirmation is required.

BRD/USD is currently trading at 50 Moving Average, which could act as a resistance. But when price will close above it, BRD is very likely to continue moving higher. The nearest upside target is at 38.2% Fibonacci retracement level, that is $0.6. This resistance corresponds to the 2/1 Gann Fan trendline as well as previous levels of support and resistance.

If Bread coin will break above that resistance, it could trigger stronger moves upwards and potentially might result in price producing a new all-time high. On the other hand, break below the $0.4 support would invalidate bullish outlook and could send price lower.

Source: http://cryptopost.com/bread-coin-moving-higher/

[cryptopost]

MonetaryUnit VS Bitcoin Triangle Pattern

MonetaryUnit has established a strong bottom at 1270 satoshis level. This support has been rejected multiple times, nevertheless, MUE/BTC failed to break lower. At the same time price stays below the downtrend trendline as well as 50 Moving Average.

MUE seems to be trapped within the triangle pattern, and at this point there is no confirmation of the price moving up. But, break above the 1600 satoshis resistance level could be that long waited confirmation of the uptrend.

At the same time while price is lower 1600 level, the downside risk remains. MUE/BTC could potentially decline towards 1k satoshis psychological resistance, which might be a better entry point for those who wish to buy.

Source: http://cryptopost.com/monetaryunit-vs-bitcoin-triangle-pattern/

[cryptopost]

Bitcoin may not go below 6k

Bitcoin found the support at $6140 level, that has been rejected on the 13th of June. The support is confirmed by the 227.2% Fibonacci retracement applied to the corrective wave up after the breakout of the uptrend trendline.

Additionally, Bitcoin has rejected the lower trendline of two different descending channels, which may suggest that the price has reached its’ low. If BTC stays above the 6k support area, this could be the turning point, where trend could become bullish in the very near future.

Yet, there are no clear confirmations of the uptrend and the downside risk remains. Nonetheless 6k area seems to provide a good buying opportunity, especially for the long term. Overall, Bitcoin remains under pressure and for many its just a waiting game at this point.

Source: http://cryptopost.com/bitcoin-may-not-go-below-6k/

[GalaxyWorld]

I think investors should pay more attention to the altcoin market. After all, he has a really good future. Of course, the leader will remain bitcoin, but I prefer to decentralize my investments.

For me investment in altcoin is still a form of investment efficiency and bring a lot of profits for investors. However, the weakest point in investing in altcoin is that it is affected by the fluctuation of BTC and the market so it is necessary to have a reasonable investment strategy to succeed in this market.

[Awan Awan]

Many people says that holding is the key.
In altcoins you should be careful in all datas that you have because that is the one who will help you to obtain a huge amount of income that you can used or to support your future goals in life.

Hodl is not always what can help you with trading altcoins. If you have chosen the wrong coin, then I will not give you anything except for even greater losses.

You're right. In addition, sometimes even good coins are overpriced and they are worth selling in order to buy cheaper.

in trading, I think I should always have the courage to make decisions when things are not what I expect,
so I think holding a coin when the price drops is a mistake

You can not say holding coin when its droping is  mistake. As we know the coin price can bounce to its price.
With bounce we can at least go back without loss or maybe profit. So holding the strong altcoin is not a mistake.

[capn]

Break above that resistance could result in a continuation of the upwards momentum but it is yet to be seen.

Wow, this is really the topic I want to have marked, it looks like Encyclopaedia, all those graphics and wise guys, I need to return here a few times per week and read what are those hot altcoins!

[cryptopost]

Crown VS Bitcoin Bullish Divergence

Today Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high.

The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could mean that CRW/BTC have some intentions to reverse to the upside or produce a corrective wave up.

Although price could go below todays’ low, it is still seems like the buying opportunity is just around the corner. But to confirm this it is better to way for a break and close above the 12700 satoshis resistance. Only then the corrective wave up should follow, which could result in a growth towards one of the previous resistance levels, either 20200, or 37000 satoshis.

Source: http://cryptopost.com/crown-vs-bitcoin-bullish-divergence/

[cryptopost]

EthereumClassic VS Bitcoin Way Up

During November – December 2017, Ethereum Classic has formed a double bottom near 130k satoshis area. Since then price formed a strong resistance near 340k satoshis, which has been rejected at least 3 times and then corrected down.

The most recent price action shows that ETC/BTC has found the strong support at 78.6% Fibonacci retracement level, that is 190k satoshis area. At the same time ETC rejected the 8/1 Gann Fan trendline suggesting the continuation of an uptrend.

On the 12th of June Ethereum Classic broke above the descending channel under a heavy buying volume and it seems that this tendency might continue. The upside target is likely to be the 330k satoshis area, that is confirmed by the previous resistance as well as 23.6% Fibs.

Source: http://cryptopost.com/ethereumclassic-vs-bitcoin-way-up/

[cryptopost]

Etherparty Should Outperform Bitcoin

Etherparty has recently found the bottom, hitting 541 satoshis level. At this price it rejected the 261.8% trendline of the Fibonacci channel, applied back in 2nd of May, when FUEL/BTC produced the high.

Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term.

FUEL could grow from 600  up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low.

Source: http://cryptopost.com/etherparty-should-outperform-bitcoin/

[cryptopost]

Tron VS Bitcoin Uptrend Again

Tron recently formed a bottom, hitting 612 satoshis low. At that point it rejected the 3/1 Gann Fan trendline, which has acted as the support. Yesterday, under the heavy volume, TRX/BTC broke above the 4/1 Gann Fan trendline as well as the 50 Moving Average, suggesting the beginning of an uptrend, or a corrective wave up.

Today price corrected back to the Moving Average and it seems found the support there, at 690 satoshis. It seems that current price is very attractive in terms of a buying opportunity and price should continue increasing.

The first strong resistance is at 64.8% Fibonacci retracement level, that is 860 satoshis, which corresponds to the 8/1 Gann Fan trendline. If that resistance is broken, Tron is likely to test 900-1000 satoshis area, that is 76.4% Fibs. Only break and close below 600 satoshis support could invalidate this scenario.

[cryptopost]

Substratum Potential 20% Gain Over Bitcoin

Substratum found the bottom at 3824 satoshis, tested on the 13th of June. Then price broke above the descending channel, and finally, today it broke above the 50 Moving Average suggesting the beginning of either a correctional wave up, or a long term uptrend continuation.

SUB/BTC price is likely to increase towards the 61.8% Fibonacci retracement level area, that is around 5200 satoshis. Previously price rejected this level as the support on two occasions.

The downside risk at this point is minimal, although a short term consolidation or a small move down can be expected. But only break and close below the 3824 low could result in a continuation of an uptrend and invalidate growth potential.

[cryptopost]

ISimple Token Expected to Double in Value

ISimple Token seem to have found the bottom at $0.023 level. The support level is seen at 78.6% Fibonacci retracement, that is $0.027. This level today has been rejected along with the 3/1 Gann Fan trendline, while the price produce a new high high.

Simultaniously, IOST/USD is breaking above the downtrend trendline, and this combined price action suggests the beginning of a short or medium term uptrend. The strong resistance is seen at 23.6% Fibs, that is $0.063. If/when this price is reached IOST would more than double in value against the USD.

It seems that today price bounced off the support level, with the daily low at $0.026. Break and close below that price on the daily chart would invalidate bullish outlook. This makes the potential buy trade setup with an extremely high risk/reward ratio, which could be very attractive for ISimpleToken investors.