Market

4 Coins to look at while Bitcoin is ranging for BINANCE:SCBTC by cyatophilum

In my previous idea we’ve seen that Bitcoin is probably going to be ranging for a few months, so meanwhile, it can be interesting to look at a few players who could potentially outpace Bitcoin during that period.

I will not be going into the fundamentals here but simply share some platform coins with good momentum and price action, since platform coins seem to be the trend recently.

ICX/BTC

Icon is the exponential kind of chart. When it starts picking up momentum, things can happen quickly.

Icon has been building a base since july 2019 and all I’m waiting is a weekly close above the 0.000055 BTC resistance. In history, price went above but bears brought the price down below it that’s why a weekly close and not just a wick will be an important flag here.

HBAR/BTC

Again, another coin which has been building a solid base.

I would expect a retest of the previous resistance at 0.0000075 BTC and that would be a good entry.

ATOM/BTC

Again, the coin broke up by 40% above its relative resistance level and ascending triangle with higher lows here.

A retest of this resistance around 0.0006 BTC would set a nice entry point.

SC/BTC

One of my favorites, which has been building a base since July 2019. We can see how exponential this coin can be.

We can see here another ascending triangle and a resistance at around 70 satoshis. The coin has been making higher lows since the beginning of the year and we can expect a move before 2022.

Most Related Links :
dutifulnews Governmental News Finance News

Source link

Back to top button