This is a risky move, ADA is very low in price in BTC value. But has a lot of upside reward. With the possible listing and rumours of coinbase, it could increase in price dramatically. If this does start trending nicely it could get a lot of hype and speculation. Do not enter but keep a close eye on the news.
XVG is always a talking point. Verge is a really good and quick cryptocurrency but due to it's supply and amount of bearish pressure it has had a big rundown to the floor. It is still in a bearish cycle so wait for entry. Remember a tight stoploss but this could have some monster gains if the altcoins do pick up.
A lot of gains could be realised in basic attention token over the long term, certainly with its fall over the previous 2 months. We believe that there is a lot of gains to be had with this over the longer period with the technology and use case of the brave browser.
24 hours ago coinbase announced they would be listing TEZOs on their platform. Created a huge pump and a long-overdue pump in the coin. Be interesting to see if momentum carries this going with hype and fomo. Don't enter wait for a trend pullback for a long. If you go long, remember to use a stop-loss.
Looks like BTC is still in a bear trend. We feel that BTC could reject on the EMA34 and come back down, approximate topping out at 10100-10200 regions again before possible downside to continue the trend down.
Should we be worried about the lack of movement in dominance? BTC staying stable at 9400 however no money coming into alt-coins... Make or break the region to see if Alt-coins will move forward or drop back.
Possible increase coming with EOS/BTC. Looking like a strong wave structure appearing as a wave 1-2. Not enough confirmations yet of direction but keep a close eye on possible trend movement.
Ever since June, TRX has looked terrible for holders and even for traders to get some quick gains. TRX is also full of rumours and turmoil with the possible investigation of their founder Justin Sun It looks like a heavy bear trend, compared to other alt-coins this has not started to turn yet, we sit in a no-trade zone so wait, but this could become volatile
The ETH position at present is looking strong. Just be careful this is USD pairing mainly due to the higher factor of leverage trading. Ethereum could have issues with BTC sharply falls so have a tight stoploss below the pivot.
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Possible panic and fomo buying could happen with Litecoin with halving due to take place on the 6th August. Always have a tight stoploss when it comes to events. These are major events. But we feel that overtime halving with LTC will be better longer-term if bought at the correct price.
Looks likely that Nano is primed in a good position to go on a run within the trend. We still advise patience to see if the Bitcoin Dominance does drop, any rise in that will send any BTC pairing in a coin down. Will alts begin to see some daylight?
Here we have it. Possible upside move after this possible retracement. Be patent but we look like a collision course for the golden crossover is upon us for Bitcoin. We believe from Q4 Bitcoin and the whole market will pick up with the Bitcoin Halving hype taking over.
Can we see a reversal with ONT, it is looking good for entry depending on BTC. We feel that ONT will move strong longer-term with a possible reversal due to its previous losses. Keep to tight stop losses on these and wait for clear direction. Possible trend test of support is required first.
IOTA looking set to reclaim losses from mid-late May. Like most altcoins recently it been tough but it looks like the tide is going to turn soon. Keep in mind a tight stop loss and news that makes Bitcoin Pump. Ideally, we are waiting for Bitcoin Dominance to return to lower levels which would indicate a safer entry into altcoins.
Looking likely that XMR is gearing up for a move upwards. Plenty of Higher-Lows in the candles with bullish momentum and support. Been to higher zones on the fib previous, could be a possible move back up there again. Tight stop losses if entering. Bitcoin behaviour matters on this.
3 Daily looking very good for XRP at the moment, with the MACD looking good and the RSI Bullish Divergence it is looking good. Providing support holds and BTC holds it's position. We could start to see XRP pullback some losses from the year. Wait to see some clear direction first. Altcoins are at very low Bitcoin levels. Have a stoploss on. if these support...
3 Daily chart is looking towards that $8300 region as possible support. We feel that once 9400 is lost we may see a drop into that $8K regions. Don't rush in just yet. Still have an indecisive (current) candle to worry about. Wait and see how we close and go from there post-weekend and opening weekly candle.