HOT Altcoins Trade Ideas

[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.

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[rainypu]

A good tactic used for investing especially in altcoins would be to see which coins the altcoin you are investing is dependent upon if your coin is dependent upon Ehtereum, for example, then you should not out all of your investments into that coins since if that coin fails then you will lose all your money split it between the parent and the daughter currency lets say.

[cryptopost]

Agrello VS Bitcoin Still trending Down

It seems that Agrello downtrend is still valid, since on the last wave up, price failed to produce higher high. But it actually rejected the 2/1 Gann Fann trendline and 427.2% Fibonacci retracement level at 1884 satoshis.

There are two downside targets / support levels to watch, the nearest is 627.2% Fibs, that is 1550 satoshis. If that support will be broken, price is likely to go lower and test next Fib support at 1377 satoshis, that is 727.2% Fibonacci level.

The trend would only be able to reverse to the upside if price breaks above the 2k satoshis resistance. Otherwise bull should dominate DLT/BTC at least for the short period of time.

[YesJP]

Thank you for sharing do you plan to invest in Litecoin ?

[mr_smith99]

have a look at OPEN platform

[cryptopost]

NCash VS Bitcoin Short Term Uptrend

Recently NCash has found the bottom at 214 satoshis area. There it formed a double bottom, after which price went up and broke above the descending channel. Today NCASH/BTC broke above the 200 Moving Average, suggesting the beginning of an uptrend.

Fibonacci applied to the corrective wave down after the descending channel breakout shows that the nearest strong resistance is at 260 satoshis, which corresponds to the previous support and resistance.

At this stage NCash should continue moving higher, although small corrective move down can also be expected. Break below 200 satoshis could invalidate bullish outlook where the downtrend continuation will take place.

[cryptopost]

NEO vs Bitcoin Approaching Decision Point

Today NEO has approached strong support area, which could be a decision point for the upcoming move. The support is based at btc 0.0055 area, which is confirmed by two Fibonacci retracement levels.

First is 127.2% Fibs applied to the 18.03 – 30.04 corrective wave up. Second Fibs is applied to the corrective wave up after the break of the previous low, formed on the 18.03. The support seems very strong and if rejected, NEO/BTC could starting moving up.

But for this another confirmation would be an advantage, and break and close above the btc 0.006 could be it. On a downside, if NEO breaks below $0.0054 with confidence, further downtrend should be expected.

[cryptopost]

SONM vs Bitcoin Down To Support

Recently SONM has jump up by nearly 50% after it bounced off the 8/1 Gann Fan trendline. SONM/BTC broke above the 200 Moving Average and reached 3000 satoshis high. It seems that this was a strong psychological resistance level, which SONM failed to overcome.

Today price broke below the 200 Moving Average, suggesting yet another wave down. SONM is very likely to re-test the Gann Fan trendline, while correcting down to 78.6% Fibonacci retracement level at 2000 satoshis level.

This is a strong psychological support as well, and if SONM/BTC will reject it, the stronger growth could be expected. But, if broken, downtrend continuation could take place sending price back down to 1k satoshis area.

[thisau152]

Thank you guys for all positive comments, I'll try my best to keep you happy

[WhiteShum]

Thank you guys for all positive comments, I'll try my best to keep you happy

[AIQ] Artiqox is super cheap now, only 20 sats. AI is going to be everywhere soon. Seems like a good bet but always DYOR before buying

[cryptopost]

Bitshares VS Bitcoin Hitting The Support

Today Bitshares has reached 4/1 Gann Fan trendline, which at this stage has been rejected cleanly. Another major support is 161.8% Fibonacci retracement applied to the corrective wave up after breakout of the uptrend trendline.

This is 2300 satoshis level, and previously price has rejected it. Perhaps the confirmation that BTS/BTC has found the bottom, would be the daily close above 2300 satoshis level. Then it is likely that the price will start moving up, potentially towards the upper trendline of the descending channel.

But, if Bitshares daily close will be below the Gann Fan trendline, then the downtrend might continue and BTS/BTC could reach the 88.6% Fib support at 1700 satoshis area. Overall it is important to watch the low produced today, that is 2220 satoshis.

[cryptopost]

Ethereum Classic Moving Up

Ethereum Classic found the bottom at $12 after which it started to move up breaking above the 200 Moving Average. The price patter shows that ETC/USD produced higher highs and higher lows, suggesting the beginning of an uptrend.

At the same time ETC continues to bounce off the uptrend trendline and currently trading very close to it. Current support is seen at 23.6% Fibs, that is $15 area and it is likely that it will be retested, along with the 200 Moving Average. But price could also start moving higher without any correction and seems like the buying opportunity is presenting itself.

ETC next stop could be the nearest Fib retracement level – 50%, that is $18.9 level. Break above should push price high and could potentially be the beginning of a long term uptrend continuation.

As has been mentioned, the correction down is possible and in the worst case scenario price could get back to $12 support, but only break and close below that level would invalidate bullish outlook with confidence.

Source: http://cryptopost.com/ethereum-classic-moving-up/

[lalaland97cute]

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

[cryptopost]

BitBean VS Bitcoin Hitting The Bottom

Today BitBean has reached the low, hitting 57 satoshis level. There it has rejected the 88.6% Fibonacci retracement level as well as reached the bottom of the descending channel, and rejected it.

The RSI oscilator shows the bullish divergence which could mean that the bottom has been reached and price could start to move upwards. While the support is holding the reversal probability remains extremely high, providing a strong buying opportunity with a very good risk/reward ratio.

BITB/BTC could reached one of the previous resistance levels, that correspond to the extended descending channel upper trendlines. First resistance is seen at 105 satoshis, and second at 158 satoshis. These are only nearest resistance levels and potentially price could go much higher producing a new all-time high.

Daily break and close could invalidate bullish outlook and should be used as an excit signal from the long trade. If/when that happens downtrend should continue, sending the price lower, perhaps down to 20 satoshis area.

Source: http://cryptopost.com/bitbean-vs-bitcoin-hitting-the-bottom/

[cryptopost]

Particl VS Bitcoin Short Term View

Particl has formed a double bottom at 67500 satoshis after which price went up and today broke above the downtrend trendline. It seems that this is the beginning of either a correctional move up or even trend reversal.

PART/BTC is expected to rise towards 94150 satoshis area in the near future. This is the 50% Fibonacci retracement level from the last wave down. Price could reach 61.8% Fibs, that is 100k satoshis area, the key psychological resistance.

Break and close above this resistance could be the confirmation of the trend reversal, but for now only a correctional wave up is expected. On a downside, break and close below the recent low at 66k satoshis should invalidate bullish outlook.

Source: http://cryptopost.com/particl-vs-bitcoin-short-term-view/

[cryptopost]

Ardor VS Bitcoin Reached The Support

Today Ardor hit the 2143 satoshis, that is 327.2% Fibonacci retracement level applied to the corrective wave up, after the ascending channel breakout. The support has been rejected cleanly, after which price went up, but rejected the downtrend trendline.

It is a very interesting timing for the Ardor, because today’s’ low could be the very bottom of the downtrend, or very near it. But as of yet, there are no confirmation of that, therefore it would be reasonable to at least wait for the downtrend trendline breakout.

Daily break and close above the 2422 satoshis resistance should be the first confirmation that ARDR/BTC is planning to move higher. On the other hand, daily break and close below the recent low might result in a consolidation, spike down or even the downtrend continuation.

Source: http://cryptopost.com/ardor-vs-bitcoin-reached-the-support/

[JibadeDotun]

Thank you for this info, I'll still do a personal evaluation.

[Zorane]

Invest all in Sonder and get x100 is the best idea atm

[trung.nguyen2382]

Verim price started to rise on the 11th of December and went up from 13k up to 135k satoshi, resulting in a 958% growth in less than a month. The interesting thing is that VRM/BTC failed to test the 76.4%, but it broke above the 61.8% Fibonacci retracement level.

[cryptopost]

CLAM vs Bitcoin Increased Volatility

Recently CLAM has been trading under the increased volatility and on the 24th of June price produced a spike in both direction, up and down, with the range of 75%. Prior to the spike, the double bottom has been formed at 36180 satoshis, although after the volatility price failed to close below that support level.

Today CLAMS/BTC gained over 15% and went from the 36180 support up to the current price at 40800 satoshis. The interesting point is that CLAM is trading right at the downtrend trendline and produced a high at 42323 sats. Break and close above this resistance should push price further up towards the 61.8% Fibs at 47k satoshis.

If that resistance is broken, further uptrend should be expected, this time it could rise towards the previous high at 60k satoshis. And only break and close above that resistance could suggest the beginning of an uptrend, rather just a corrective wave up.

Source: http://cryptopost.com/clam-vs-bitcoin-increased-volatility/