These Two Altcoins Have Potential for Massive Gains

These Two Altcoins Have Potential for Massive Gains
фото показано с : beincrypto.com

2020-5-19 16:10

Despite Bitcoin’s relatively high market dominance as of late, there are still a handful of altcoins that are showing potential for growth.

Quant (QNT) has broken out from a long-term descending resistance line and validated it as support. MATIC is attempting to move above an important resistance level but has thus far been unsuccessful.

Matic Network (MATIC)

Cryptocurrency trader @CryptoMichNL outlined a MATIC chart, showing that the price has moved above a crucial resistance area and possibly validated it as support. He has given two resistance targets for further upward movement, found at 244 and 272 satoshis.

Source: Twitter

At the time of writing, MATIC was trading very near important resistance levels.

First, there is the long-term ascending support line, from which the price broke down on March 13. Currently, the price is directly under this resistance.

Second, there is the 225 satoshis level which previously acted as support. This is also the 0.5 Fibonacci level of the previous downward move.

Beyond this, there is also a strong resistance level at 250 satoshis, a previous resistance area as well as the 0.618 fib level.

MATIC Chart By Tradingview

In the short-term, the MATIC price has broken out from a symmetrical triangle. In addition, the RSI has broken the bearish divergence trendline.

This is a sign that the price is likely to move upwards towards the 250 satoshi resistance area outlined previously.

MATIC Chart By Tradingview Quant (QNT)

One other coin that has significant breakout potential is QNT. On March 30, the price broke out from a long-term descending resistance line that had been in place since February 2019.

Afterward, the price returned in order to validate this line as support. If it begins moving upwards, as is customary, the closest resistance area would be found at 86,000 satoshis.

QNT Chart By Tradingview

The price has also broken out from a shorter-term descending resistance line. The outlook from the daily chart is bullish.

QNT has created a double-bottom inside the 50,000 satoshi support area, which is combined with bullish divergence. If the price successfully reclaims the 200-day moving average (MA), it is likely to continue its upward movement towards the resistance area previously outlined.

The post These Two Altcoins Have Potential for Massive Gains appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Quant (QNT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $104.44
Капитализация $0 Rank 99999
Цена в час новости $ 5.1317 (-100%)

potential altcoins broken out qnt growth quant

Источник: beincrypto.com

potential altcoins → Результатов: 76


Фото:

Huobi Exchange Extends Allstar VIP 6 Year Anniversary Promotion

Huobi Global, cryptocurrency exchange offering users bitcoin trading as well as a vast array of altcoins, has announced the extension of its “All Star VIP 6th year Anniversary Fee Promotion,” to enable existing professional and potential professional tiered fee traders to enjoy very low trading fees till January 2020 (GMT+8), according to a blog postRead MoreRead More.

2019-10-25 13:00


Pay Close Attention to Bubbles in Venture Capital Altcoins and Watch as they Pop

In the early days, the idea of venture capital didn’t match well with crypto or maybe it did but potential venture capitalists were largely reluctant. There were a thousand and one different ways one could easily justify the reluctance but after a few years, the venture capitalists that disregarded the cryptocurrency sector eventually became disregarded […] The post Pay Close Attention to Bubbles in Venture Capital Altcoins and Watch as they Pop appeared first on ZyCrypto.

2019-6-27 08:39


Stellar (XLM) – Developments in the last 30-days inspire confidence in XLM as a long-term investment

As the crypto market starts to gain traction, it is time to start looking into undervalued projects that have the potential to give exponential gains going forward. One of the key factors to look at, when selecting good altcoins is the level of activity in technical development, adoption and community engagement. One crypto that seems […]

2019-5-27 17:35


Newly Formed Circuit Capital Crypto Hedge Fund Remains Extremely Bullish on Bitcoin’s Potential

Despite the falling prices of almost all of today's premier digital currencies, there is no denying that the use and overall adoption of altcoins has increased quite significantly all through 2018— at least that’s the point-of-view that the four founders of Circuit Capital, a new cryptocurrency hedge fund based in San Francisco, hold. The aforementioned […]

2018-11-15 05:04


Фото:

What Bitcoin Did Gets Technical with Crypto-Educator Jimmy Song

<iframe style="border: none" src="//html5-player. libsyn. com/embed/episode/id/7132345/height/90/theme/custom/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/direction/backward/render-playlist/no/custom-color/87A93A/" height="90" width="100%" scrolling="no"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> On the latest episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a consultant in blockchain education, to take an in-depth look at a relatively recent incident in the world of cryptocurrency and use that as an example to segue into a deeper discussion on the possible trajectories of Bitcoin itself.

2018-10-6 00:05


дальше еще 27 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

When Will QNT Begin Its Bullish Cycle?

On February 11, the QNT price reached a high of 53,120 satoshis. It has been decreasing since. Quant (QNT) Highlights The QNT price has been following a descending resistance line for the past 378 days.