ETH-BTC
Top 10 Altcoins To Invest In 2021The term Altcoin stands for “alternative to Bitcoin'' or “alternative coins”, basically these are digital currencies similar to Bitcoin. Altcoins are profitable and have their own goal but these are not as costly as Bitcoin.
Due to the lower value and higher ROI, altcoins have become the favourite of investors. One thing that needs to be mentioned here is that not all altcoins are successful and have the same future scope. Thus before choosing a cryptocurrency to invest in, make sure to check all the details, reports and what people say about it.
If you are looking for a cryptocurrency to invest in, you are at the right place because we are here enlisting some of the most unique and profitable altcoins which hold a wide range of opportunities but not as costly as Bitcoin.
Ether (ETH)
Ether is a cryptocurrency built on top of the open-source Ethereum blockchain, which is known for running smart contracts. Ether is the second-biggest cryptocurrency in terms of market share. Currently, 1ETH is priced at 1,781. 22 United States Dollar and it is steadily growing.
With a market capitalization of $230.7 billion, ETH had hit a new record in Feb 2021. Cryptocurrency acts as a fuel that allows smart contracts to run, as opposed to bitcoins, which means a unit of currency on a peer-to-peer payment network.
Binance Coin (BNB)
It is the third biggest cryptocurrency on the basis of market share. BNB Coin is used to trade and pay fees on the Binance crypto exchange. Binance crypto exchange is the largest cryptocurrency world in the world.
The popularity of Binance is growing among developers, as of January 2018, it is facilitating more than 1.4 million transactions per second.
The overall Binance ecosystem makes it much easier to make transactions on their network. The current price of 1 BNB coin is 248.524621 US Dollar (USD) and it will be beneficial for the investors and BNB Coin Holders.
Cardano (ADA)
With a market cap of $46 billion, Cardano is in the third position after Bitcoin and Ethereum, it is one of the most improved altcoins and it is currently priced at $1.45.
Trading Beasts already predicted that the ADA price will reach $1.80 in the fourth quarter of 2011. One of the key factors behind Cardano's growth is the release of Hydra, a layer two scalability solution that promises to give the Cardano network the power to process more than 1 million transactions every second.
Ripple (XRP)
Ripple is not a cryptocurrency but a payment solution, It is not made of a blockchain, but a hash tree and its coins cannot be mined as there is a finite number of coins i.e. 100 billion. Its Coin XRP is mostly used by big companies to make huge transactions.
There are hundreds of financial institutions that choose Ripple to provide a better international payments experience to their customers in real-time. The current price of 1XPR is $0.454459 and it has a market cap of $45.44B.
PowerCoin (PKOIN)
Currently priced at 0.00405976ETH, Power Coin is probably the newest altcoin in the market but as an asset-backed hybrid stable coin it is trust-worthy and not only protects investors against volatility in the crypto marketplace but it also helps in mining and generating passive income.
It is backed by Power Corp and the company is developing a mining pool, Innovation Center, High-Performance Computing Data Center while acquiring assets such as renewable energy systems, financial instruments, real estate, intellectual property, digital and fiat currencies to back its hybrid stable coin PKoin.
PKoin is already listed on a few reputed crypto exchanges and soon the list will be longer. It is affordable and has a great scope. Thus don’t miss the opportunity and invest in it now.
LiteCoin (LTC)
Lite coin is really the lite and speedy version of Bitcoin. It was created by Charlie Lee and it holds many of the best features of Bitcoin and adds some of its own twists. LTC takes just 3 minutes to confirm a transaction for the same bitcoin takes around 10minutes.
Lower system requirement is also one factor that helps it to gain people interest as ordinary PCs are capable of mining it. LTC is powerful, easier, faster and currently, it is priced at 194.85 United States Dollar.
Tether (USDT)
With a market cap of $39 billion, Tether is in the 5th position of top cryptocurrencies. USDT is currently priced at $1 and It is a blockchain-based cryptocurrency, in which crypto coins are backed by the equivalent of traditional Fiat currencies including the dollar, euro or Japanese yen, which are held in a designated bank account. It is being traded under the USDT symbol.
Bitcoin Cash (BCH)
A major update regarding its processing speed is expected this year. Bitcoin Cash is one of the best alternatives of Bitcoin. It becomes popular because of its better transaction speed. It has larger blocks compared to Bitcoin which makes it able to handle more transactions at once, which means faster transactions.
It is the world's 11th biggest cryptocurrency by market cap at above $10 Billion. 1BCH is currently priced at 535.91 United States Dollar it is one of the most profitable cryptocurrency with lots of cool features.
Tron (TRX)
Founded in 2017 and based on Ethereum, Tron is here to decentralise the web by providing more power to content creators and publishers by monetising the way their content is shared and used.
Since its launch on Ethereum, it has moved to a self-governing blockchain platform and uses a proof of stake algorithm to process all the transactions. It is one of the best altcoins with a market cap of $3.8 billion and a price of around $0.05.
Chain Link (Link)
The Project is a decentralized network consisting of nodes that provide data to blockchain smart contracts through oracles from off-blockchain sources.
The process begins on a smart-contract-enabled blockchain whenever a smart contract needs data. With a market cap of $12 Billion, it is ranked at 10th position and it is priced at $30.14 currently
The above ten altcoins are unique, trustable and have great benefits. Other than these 10, there are thousands of altcoins available in the market but if you are looking for a beneficial and affordable cryptocurrency having good future scope then PowerCoin (PKoin) will be a great choice, as it has a lower price but its plan and assets-backed nature will help it to grow quickly.
Thus choose an altcoin from the above list and invest in it wisely. That’s it for today and have a great day.
💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.02990).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.20.
Take Profits:
TP1= @ 0.03240
TP2= @ 0.03490
TP3= @ 0.03700
TP4= @ 0.03900
TP5= @ 0.04230
TP6= @ 0.04610
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHBTC @ethereumTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0324).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.20.
Take Profits:
TP1= @ 0.0349
TP2= @ 0.0370
TP3= @ 0.0390
TP4= @ 0.0423
TP5= @ 0.0461
SL= Break below S2
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💡Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0411). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin ETHBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.04320
TP2= @ 0.04500
TP3= @ 0.04750
TP4= @ 0.04970
TP5= @ 0.05150
SL= Break below S2
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💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.
Midterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.
Take Profits:
TP1= @0.02635
TP2= @0.02745
TP3= @0.02965
TP4= @0.03185
TP5= @0.0333
TP6= @0.04045
TP7= @0.04850
TP8= @0.05695
TP9= @0.06955
TP10= @0.08550
TP11= Free
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💡Don't miss the great buy opportunity in ETHBTC Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.026600).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 0.027650
TP2= @ 0.028600
TP3= @ 0.029500
TP4= @ 0.030900
TP5= @ 0.032230
SL= Break below S2
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💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02450 and minimum to Major Support (0.02275) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02534 based on 'Two-day reversal candle' entry method at 2020.12.27.
Total Profit: 0 pip (0%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 0 pip Profit (0%)
Take Profits:
TP1 0.02635
TP2 0.02745
TP3 0.02965
TP4 0.03185
TP5 0.0333
TP6 0.04045
TP7 0.04850
TP8 0.05695
TP9 0.06955
TP10 0.08550
TP11 = Free
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💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.030040).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.032300
TP2= @ 0.033610
TP3= @ 0.035200
TP4= @ 0.037100
TP5= @ 0.040490
SL= Break below S2
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💡 Don't miss the great buy opportunity in Ethereum/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0311). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/Bitcoin (ETHBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.03189
TP2= @ 0.03265
TP3= @ 0.03356
TP4= @ 0.03460
TP5= @ 0.03600
SL= Break below S2
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📚 💰 Descending Triangle in ETHBTC - "Learn More Earn More" 📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Descending Triangle Definition:
An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high .
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex.
An Descending Triangle is classified as a continuation chart pattern.
If price can break through the support level, that level will now act as a resistance level.
Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable.
In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order bellow the support line and above the slope of the lower highs.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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💡Don't miss the great buy opportunity in ETHBTCMidterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03085 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02750 on 11/04/2020, so more gains maximum to Major Resistance (0.03085) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Take Profits:
TP1= 0.03085
TP2= 0.03330
TP3= 0.03600
TP4= 0.04045
TP5= 0.04850
TP6= 0.05695
TP7= 0.06955
TP8= 0.08550
TP9= Free
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Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0317). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 0.032750
TP2= @ 0.033300
TP3= @ 0.034500
TP4= @ 0.037100
TP5= @ 0.040550
SL= Break below S3
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ForecastCity English Support Team ❤️