Clearly someone can follow momentum on coins that are trending hard, but they have some extra risks. ROSE will probably get a few more listings, but to me that fact that it is a relatively 'cheap' coin, a privacy focused L1 and has a chance to get listed on Coinbase is more than enough to hold it. It also has a catchy name which definitely helps. Along with most...
1. Biggest exchange 2. Exchanges coins are hot after getting destroyed harder than many others 3. Only other way to get exposure to exchanges as Coinbase IPO is hot 4. Natural demand from the products Binance offers 5. BSC has grown quite a bit and might grow even more as people migrate from other chains and especially Ethereum 6. Lots of BNB trading pairs and BNB...
One of the newer L1 platforms, one I think will also be listed on Coinbase at some point. Fairly strong and looking good here. Trend is very clean and hasn't had an major issues. Nice consolidation ready for expansion
If someone had a look on the LTO chart on Coinmarketcap he would realize LTO has been going sideways for a really long time vs BTC. Even longer than what it looks here. It is very clean and quite strong. It is better to go with coins that have been lagging or go with ones that haven't had a blow off, than those that are heavily correcting aftera massive rally....
RSR looks very strong and ready to have a big rally. One of the biggest laggers and it is coming out of massive accumulation zone
Coti looks pretty good here. Has broken above a key level and is consolidating right below resistance. I see nothing worrisome that would make me think it is going to dump. Definitely has more upside and the target I have might be conservative.
ZIlliqa reminds me of Theta a few weeks back. Lots of tests on resistance and continuously closing higher. Several layer one protocols have been doing well and will keep doing well in my opinion. They underperformed for years and now they have a lot to give.
Not much to say. BAT currently at the supply zone vs BTC. vs USD it is strong, but I think let it pullback and then long. Let the Grayscale hype subside and then go!
IOST is an older coin that had a massive capitulation in BTC terms. However it is now above some key highs on the BTC chart, while on the USD chart it is forming a pretty strong pattern (you can call it whatever you want), which looks ready to break higher. Low downside from here and pretty high upside, with a trend that looks very strong.
TWT is one of those tokens that are related to BNB given Binance's involvement in the project. Both it and SXP have done OK over the last few weeks, but in my opinion it could grow a lot more. Lots of people use the wallet and that number will most likely grow. However in my opinion what is more important is that it has some sort of weird triple top in BTC terms,...
IOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation. IOTA overall is a project I wouldn't trust and I'd put it in...
Anything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes),...
Several coins had a lot of volatility today, especially vs BTC... However ETHBTC held strong and looks ready to go higher. Ethereum suffered in Feb-March because it was the best performer from larger coins. High fees, increased competition, froth in DeFi, the buy the rumor sell the news situation with the CME futures... led Ethereum to correct 35% vs BTC and...
Nice consolidation above the key break out zone and the Fib Yearly Pivot for AVAXBTC. AVAXUSDT could easily hit that target and the consolidated again. Both not the prettiest charts out there, but relatively clean and strong. AVAXBTC looks like EGLDBTC but lagging. Pretty bullish!
DeFi on Ethereum had a big correction after things got really frothy and fees on Ethereum skyrocketed. For about 2 months DeFi took a back seat as everything else was pumping. During those months we saw tons of pumps from different categories, while DeFi & ETH had a 35-60% corrections vs BTC which is quite large. What we need to note however is that DeFi had gone...
YFI had an insane pump over the summer and it reached 1B marketcap from 0. That clearly was unsustainable and the aftereffects where clear. Everyone was hyped about YFI for a really long time but the chart looked weak. Anything that got added to the YFI ecosystem initially did well, except YFI. However now it is very clear that there is a breakout both in USD and...
Not much to say on NEO really. Chart looks very clean, support has been reclaimed nicely, looking strong and healthy by moving up slowly and steadily and the big news is the N3 upgrade or essentially new mainnet is coming. This could get a lot of people behind NEO which could do extremely well. The target I have on the chart is just how I see it now but it could...
Decentraland looks very strong here. It is listed on Coinbase, but not Coinbase PRO so it is only traded vs USDC. If it gets all the pairs (USD, BTC, EUR, GBP) it could easily pop higher from here. Currently it has formed something like a massive flag right above the 2018 highs. Back then that was a massive distribution period and I thought maybe it wouldn't have...