My alt-coin picks for the month of May - Part 1

During the month of May there is the expectation Alt coins shall do well. As much as I love ‘do well’, I’d rather be exposed to those that will ‘do amazingly well’. How do we identify them?

Back in January I searched through Binance/Bittrex/KuCoin/Coinbase listed tokens in an effort to answer this question with everything I’ve practiced by ‘looking left’ in price history. Maker (MKR) and Icon (ICX) were two of standouts back then (below).

Looking through monthly charts is not something many do but the power of this time-frame is invaluable. Especially when everything becomes euphoric. (Am I weird in that I miss the bear market?!) DOJI candle sticks + rising Stochastic RSI are by far the most powerful, Bullish engulfing + DOJI, very nice. It is also important they do not show overbought conditions prior to those formations, just as with Maker and Icon.

The monthly charts above are the result of some hours of study (some of which are already published by myself on smaller time frames) that I believe will outperform others during the month of May.

Have fun!

WW


Picks for the month of May in list form (alphabetical order):

Aavegotchi (GHST)

Alpha Finance (ALPHA)

Benchmark Protocol (MARK)

Cover Protocol (COVER)

Enzyme (MLN)

iExec RLC (RLC)

Ripio Credit Network (RCN)

Strike Finance (STRK)

Tellor (TRB)





Maker DOJI + rising Stochastic RSI = 700%

ICON Bullish engulfing on support + DOJI

Trade active:

Ha ha - I've got folks asking me how I knew TRB and RLC would be announcing their Coinbase listing today.

I did not know! The chart did ;)

Obviously insiders knew way in advance and thee charts alluded that something was happening.

Trade closed manually:

How did we do? Utterly awful!

Only RLC + MLN ended up in positive whereas the rest got creamed by the BTC tantrum.

Below the status of each is updated.


Aavegotchi ( GHST ) / -32% / ‘great buy’ on support

Alpha Finance (ALPHA) / -61% / ‘great buy’

Benchmark Protocol (MARK) / -20% / ‘buy’

Cover Protocol (COVER) / -60% - forget it

Enzyme (MLN) / +3% / was ‘incredible buy’ a few days ago.

iExec RLC ( RLC ) / +30% / Oversold + on support

Ripio Credit Network ( RCN ) / -61% - forget it

Strike Finance (STRK) / -42% / oversold + on support

Tellor ( TRB ) / -33% / oversold ‘good buy’