Looks like altcoins are about to pop. Many charts on various altcoins show high probability trades right now.
In this post I'll just highlight two with charts, and then a few others that I think look interesting.
I am using TradingView for charting with the Binance exchange pricing.
The EMAs are 13 (red), 21 (orange), and 50 (green)
The first one is Verge.
Here you can see a large flag pattern showing on the 4-hour chart. It's just rebounded off the bottom of the flag, with good momentum upwards, confirmed by the price moving above our EMAs.
Good entry for those who want to trade within the flag.
The second one is IOTA.
Unlike Verge, IOTA is nearing the end of its large flag, having been consolidating for some time now (see 4-hour chart). Recently started moving back up. With many altcoins starting to recover, this could add to the upward momemtum.
For better confirmation, a buy order just above the flag's upper boundary will be a good entry, ensuring that you enter when it breaks out, and not before, where this would be a lower probability trade.
As I said earlier, altcoins in general are looking good right now. Here are some others that look good technically:
- Ripple (XRP)
- Stellar (XLM)
- Cardano (ADA)
- STORJ (STORJ)
- Po.et (POE)
*Quantstamp (QSP) - Qtum (QTUM)
- Stratis (STRAT)
- Genesis Vision (GVT)
- SONM (SNM)
As always, this is not financial investment advice, just my own technical analysis. It's always wise to make your own analysis before making any investment or trading decisions.