HOT Altcoins Trade Ideas

[cryptopost]

Monaco VS Bitcoin, How Far Down?

On the 26th of June, Monaco coin has formed a strong bottom at 75k satoshis, after which price started to move up, resulting in a healthy 105% gain over the Bitcoin. MCO/BTC has reached the 154k satoshis high, after which a sharp correction down has begun.

The question is; how far Monaco would correct down, and whether it is only a correction or a trend reversal? On a shorter timeframe it does look like a downtrend, although on the medium timeframe it still looks like a correctional move down.

Price is very close to the strong psychological support, that is 100k satoshis level, and at the same time this is 61.8% Fibonacci retracement. Considering the fact that MCO broke below the lower trendline of the extended descending channel, price yet to move lower to hit 100k satoshis. At this stage consolidation could take place, but if the support is broken, the downtrend should continue towards 76.4% Fibs at 90k satoshis.

But, if the support will hold, Monaco could start a very strong uprisal, which could push price above the 155k level. On the downside, if the 90k support will be broken, the downtrend might continue, where MCO will decline to 75k satoshis support.

Source: http://cryptopost.com/monaco-vs-bitcoin-how-far-down/
Telegram channel: https://t.me/cryptopost

[Fverak]

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[cryptopost]

Bitcoin could be heading towards USD 9k

Following the previous idea on Bitcoin, the 4/1 Gann Fan has been rejected, along with the 61.8% Fibonacci retracement level at $6170. BTC/USD started to move up and currently reached the 61.8% Fibs at $6550.

This is a very strong resistance for Bitcoin, because it is also corresponds with the 200 Moving Average. In order for the uptrend to begin, price has to break and close above both, $61.8% Fib resistance and the 200 Moving Average on a daily time-frame.

Break above should confirm Bitcoin bullish intention and could send the price up to the $8820 resistance, that is confirmed by two Fibonacci retracement levels and corresponds to the uptrend trendline.

But, if the current resistance will hold, the consolidation could take place. BTC/USD could be trapped between $6170 and $6550 for some time. In this case break above the resistance or below the support would determine further Bitcoin direction.

Source: http://cryptopost.com/bitcoin-could-be-heading-towards-usd-9k/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Expanse VS Bitcoin Possible Trend Reversal

On the 12th of June, Expanse hit the low at 12.1k satoshis, after which price has consolidated for a little while and today finally broke above the descending channel, suggesting the potential corrective move up.

EXP/BTC clearly closed above the descending channel and the 50 Moving Average at the same time. Now the price is likely to continue moving higher towards the strong resistance at 16.5k satoshis, that is 23.6% Fibonacci retracement level.

This resistance could play the key role in further price development of the Expanse against the Bitcoin. Break above should confirm medium or even long term uptrend. Nevertheless, there will be one more obstacle to overcome, the 61.8% Fibs at 23.6k satoshis.

All-in-all the buying opportunity seems to be there, especially for the long term investors as the risk reward ration is very attractive. This is because break and close below the 12.1k satoshis support would immediately invalidate bullish scenario, therefore limiting the risk to the minimum.

Source: http://cryptopost.com/expanse-vs-bitcoin-possible-trend-reversal/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Monaco VS Bitcoin Upcoming Wave Up

Following our previous idea on MCO/BTC, Monaco coin broke above the upside target, suggesting further growth. At the same time, during this weekend price rejected the 38.2% Fibonacci support, that is btc 0.001. Along with the Fibs, price rejected the 200 Moving Average and the upper trendline of the extended descending channel.

This makes the btc 0.001 level a key support for Monaco. If price stays above the support, MCO is likely to continue the uptrend with the next upside target at 161.8% Fibonacci retracement level applied to the current corrective wave down. This is a btc 0.0019 level, which if reached, should result in almost 100% growth against the Bitcoin in the medium term.

Break above the upside target at btc 0.0019 will most likely confirm the long term uptrend and could send price to the new all-time high.

But if Monaco will close below the btc 0.00098, the consolidation or even downtrend continuation might be the case. Although at this stage it seems like unlikely scenario.

Source: http://cryptopost.com/monaco-vs-bitcoin-upcoming-wave-up/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Moeda Loyalty Points Could Rise by 90%

On the 27th of June, Moeda found the bottom at USD 0.37, where it rejected the lower trendline of the descending channel. Price then went up and broke above the 50 Moving Average ,although the upper trendline of the descending channel was rejected.

MDA/USD corrected down and found the support at 61.8% Fibonacci retracement level, that is USD 0.48. And today, after bouncing off the Fib support, price went up and broke above the 50 Moving Average and the descending channel, suggesting further correction up.

The very strong resistance is seen at $1, that is a key psychological resistance. This level is confirmed by two Fibonacci retracement levels, 61.8% Fibs and 461.8% Fibs, applied to the current corrective wave down. Break above $1 could establish a long term uptrend while rejection should result in a strong wave down.

On a downside, if MDA will break and close below the recent low at $0.47, price could go down towards the $0.37 support to establish a double bottom, or potentially continuation of a downtrend.

Source: http://cryptopost.com/moeda-loyalty-points-could-rise-by-90/
Telegram channel: https://t.me/cryptopost

[kris679]

Pretty good coins themselves interest some of them, but each of these projects have certain disadvantages, because they are not traded on the best exchanges wants it can be a plus if they go to a good exchange, then immediately the price will grow!

[cryptopost]

BitShares Beating Bitcoin

On the 24th of June, BitShares found the bottom at 1980 satoshis, where it has rejected cleanly 78.6% Fibonacci retrenchment level. Then price went up and broke above the 50 Moving Average and the descending channel, reaching 2800 satoshis high.

On a corrective wave down, BTS/BTC retraced down to 2500 satoshis area, where it rejected the 61.8% Fibs level, along with the 50 Moving Average and the descending channel, all at the same time.

Price continues to produce higher highs and higher lows, and considering all this price action, the uptrend is very likely to continue. Strong resistance is seen at 23.6% Fibs, that is 3630 satoshis level, which corresponds to the 4/1 Gann Fan trendline. Break above this resistance could be confirmation of the long term uptrend continuation, which might result in BTS aiming for the new all-time high.

At the same time, it is important to watch 2400 satoshis support area, because break and close below would invalidate the uptrend and the range trading or even a strong move down could take place.

Source: http://cryptopost.com/bitshares-beating-bitcoin/
Telegram channel: https://t.me/cryptopost

[cryptopost]

INS Ecosystem Correction Up

INS Ecosystem found the bottom at $0.52, that has been tested on the 12th of June. There INS/USD formed a double bottom and rejected the downtrend trendline as well as 127.2% Fibonacci retracement level for the second time, suggesting that the bottom might have been reached.

Today price has been going upwards and broke above the 50 Moving Average. Perhaps this is the first strong sign of a potential upcoming corrective wave down, that should result in a growth towards 88.6% Fibonacci retracement. This is $0.9 level, which corresponds to the previous support formed back in April.

Break above that resistance would most likely result in a growth towards the key psychological support at $1. If INS will managed to break and close above that price, it could mean the beginning of an uptrend and not only a corrective move up.

On a downside, if INS Ecosystem will close below the recent low at $0.52, the bullish outlook should be invalidated, resulting in a continuation of a downtrend or the beginning of a consolidation phase.

Source: http://cryptopost.com/ins-ecosystem-correction-up/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Salus Coin Triple Bottom Formation

On the 12th of July Salus coin has tested $21 support level, which has been rejected for the third consecutive time since 24th of June. The triple bottom has been formed and price went up breaking above the 50 Moving Average.

While the strong bottom has been formed and MA breakout occurred, the correction to the upside could be expected. There are several resistance levels to watch, first is the $32 area, where price bounced previously two times. Second is a 61.8% Fibonacci retracement level at $36. And final upside target is at 76.4% Fibs at $40.

The $40 price seem to have the most resistance as previously it already acted as the resistance and besides, it is a round psychological number. If/when this target is reached, the potential growth would be 60% from the current price, which is quite a strong growth, considering that this is a short to medium term opportunity.

Having said that, downside risk remains, but only daily break and close below the established low at $20 could invalidate bullish outlook and result in a continuation of the downtrend.

Source: http://cryptopost.com/salus-coin-triple-bottom-formation/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Substratum VS Bitcoin 50% Growth Potential

On the 29th of June, Substratum found the bottom at 2800 satoshis, after which price started to go upwards and broke above the 50 Moving Average, reaching 3880 satoshis high.

The corrective wave down followed and price found the support at 61.8% Fibs, that is 3175 satoshis, that has been rejected. SUB/BTC yet again went up and broke 50 Moving Average, followed by the breakout of the 2/1 Gann Fan trendline.

It seems the short term trend is changing from bearish to bullish, while Substratum could b aiming for one of the resistance levels. First strong resistance is seen at 4000 satoshis, that is 38.2% Fibonacci retracement level. It is important to watch this level as if rejected, price could go down sharply.

But on the other hand if 4k satoshis resistance is broken with confidence, further growth should be expected, where the next resistance and the potential upside target is seen at 76.4% Fibs, that is 5275 satoshis level, corresponding to the 8/1 Gann Fan trendline.

At this point the downtrend continuation has low probability, although if the 2800 satoshis support is broken, Substratum could go lower or begin to consolidate.

Source: http://cryptopost.com/substratum-vs-bitcoin-50-growth-potential/
Telegram channel: https://t.me/cryptopost

[Prosperityforall]

Well, now just each alt is a hot idea,because current price levels are attractive. As for me, I am going to sell LCS immediately, because they had big bounty program, like 7% of total supply. Then I am going to buy back lower. Sell for 0.00035 eth, buy for 0.0002

[cryptopost]

Bitcoin Hitting The Resistance

Following the previous idea on Bitcoin, price rejected the 61.8% Fibonacci retracement level at $6170 and broke above the resistance resulting in a strong growth. Today BTC did hit $7560 high, resulting in a 25% growth in less than a week time.

The interesting point is that price has reached the 88.6% Fibonacci retracement level, which is the first resistance for Bitcoin. The resistance corresponds to the uptrend trendline, suggesting the strength of the current level.

In order for the Bitcoin to continue moving higher, current resistance must be broken, with a daily break and close above $7562. When/if that occurs, Bitcoin growth should continue, while the next potential upside target is seen at $8820.

On the other hand, if the resistance will hold, Bitcoin enter the consolidation between $7550 and $6170, which might result in a corrective move down. But all-in-all the upside momentum seem to be strong, now its just time to wait for a break above.

Source: http://cryptopost.com/bitcoin-hitting-the-resistance/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Stellar Lumens Strong Growth Continues

Stellar Lumens found the bottom on the 29th of June, when it hit the $0.17 low. Then price has consolidated for nearly two weeks and since 12th of July price started to move up sharply. In less than a week Stellar gained over 60% against the USD and currently trading at $0.3.

XLM/USD already broke the 23.6% and 38.2% Fibonacci resistance levels, along with the 200 Moving Average and the extended ascending channel. So far all the facts are in favor of the uptrend continuation and Stellar could go up to $0.4 resistance.

Although short term trend is upwards, price still could retrace back to one of the Fibonacci support levels. But, when/if the upside target is reached, it would be important to watch price action near that level. Break above should confirm the trend reversal, where the long term uptrend might start. On the other hand, rejection could result in a continuation of the already established downtrend.

Source: http://cryptopost.com/stellar-lumens-strong-growth-continues/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Groestlcoin Upside Target

Groestlcoin has formed a double bottom on the 12th of June and since then price has been climbing up consistently, while rejecting the uptrend trendline. Price broke above the extended descending channel and the 200 Moving Average.

The channel and MA breakout occurred simultaneously just today, suggesting further upside potential. GRS/USD is now highly likely to move up towards the key resistance seen at $0.9. This is the 23.6% Fibonacci retrenchment level, where previously price bounced off a number of times.

If the $0.9 resistance is broken, GRS should test the strong psychological price at $1. And finally, break and close above $1 should confirm the trend reversal, at least for the short to medium term, which could result in a strong growth.

Currently, the correction down is possible, perhaps down to the 200 Moving Average, but only break and close below the $0.48, should invalidate bullish outlook, where Groestlcoin shall continue trending down.

Source: http://cryptopost.com/groestlcoin-upside-target/
Telegram channel: https://t.me/cryptopost

[cryptopost]

BitBay Buy Trade Setup

After hitting the low at USD 0.0176, Bitbay went up, but not much. BAY/USD found the resistance at 23.6% Fibonacci retracement level that is $0.0338. There BitBay formed double top and rejected the 200 Moving Average.

Overall, resistance price is seen at recently formed spike, which hit $0.035. Keeping in mind that this could be the key resistance level, buying opportunity might present itself on the break above that level.

Daily break and close above $0.035 should trigger further growth, towards one of the Fib levels. First upside target is at 50% level, which is $0.052. Second resistance is at 61.8% Fibs, which is $0.06.

At the same time, if the current resistance will hold, price is likely to decline, down to the previous support at $0.017, thus forming a double bottom.

Source: http://cryptopost.com/bitbay-buy-trade-setup/
Telegram channel: https://t.me/cryptopost

[cryptopost]

Ignis VS Bitcoin Consolidation Time

Ignis formed a bottom at 774 satoshis after which price went up, and reached 1524 satoshis high. Although closing price was below the 23.6% Fibonacci retracement level at 1136 satoshis and below the 200 Moving Average.

On a correction down, IGNIS/BTC rejected the uptrend trendline, went up an rejected the 23.6% Fibs once again. It seems that IGNIS has stuck between the 774 support and 1136 resistance, without any clarity of further direction.

In order for the price to move up, close above the 1136 sats resistance is required. If/when that occurs, Ignis shall rise towards the next Fibonacci retracement level at 50%, that is 1541 satoshis.

On the downside, considering the current price action, a correctional move down might be expected. Ignis could decline towards previous support at 774 satoshis, but only if price will not break above the current resistance.

Source: http://cryptopost.com/ignis-vs-bitcoin-consolidation-time/
Telegram channel: https://t.me/cryptopost

[silverleafy]

Almost every altcoins is currently very cheap, undervalued. Choose coins from top 10-top 25. I recommend coins with real possible use case like IOTA, VeChain, Tron, NEO and many more .

[ulum5]

thanks in advance for suggestions and feedback. about the potentially hot Altcoin to trade for the medium term. Iide you about catching a single wave of exponential growth and moving on to the next coin. thanks jiga for sharing some ideas with me and want to post those ideas with me.

[cryptopost]

Substratum Trend Reversal?

Substratum did hit the bottom on the 29th of June, where it hit $0.16. At that stage RSI formed a bullish divergence on the 4h timeframe suggesting the correction up.

Currently it is obvious that price started to print higher highs and higher lows, and recently broke above the 200 Moving Average, reaching $0.3 high. On the small corrective move down, SUB/USD has rejected the 200 Moving Average and 38.2% Fibonacci support at $0.25.

Such price action suggest the continuation of the corrective move upwards, and price could reach 38.2% Fibs at $0.45, which also corresponds to the 461.8% Fibs applied to the current corrective wave down.

When/if the resistance is rejected and broken, further growth potential shall become quite likely and could mean trend reversal for the Substratum, which at the end might result in a new all-time high.

Source: http://cryptopost.com/substratum-trend-reversal/
Telegram channel: https://t.me/cryptopost