Always take in consideration non of this information is financial advice or official announcement from any specific project, I’m no financial advisor, trader or expert, this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research, never follow what I or other people say on internet
ALTCOINS LOOK SO BULLISH UNI, EOS, ZIL, TRX - EUPHORIA IS NEXT LEG UP
Right now is almost like throwing money into the market and it multiplies by itself, I like the most coins that provides some sort of yield either way by staking, doing some working or content creation although I love this state of the market where all you need to find is those bullish formations or resistance turning into support and wait for the coin to blast, for this week I do have a few besides HIVE
At this point in the market were are either in Thrill or Euphoria, but to be hones Thrill fits to this stage IMO, we still have a gap before getting into Euphoria at least the important part is that we identify when the Bear gives confirmation but until then always cautious but bullish as long as the structure remains the same.
BTC DOMINANCE 1D CHART
The altcoin season still not over neither Bitcoin going up, altcoin season can remain going while Bitcomes moves sideways for sometime or either slowly up, we can see how BTC.D just pinch a low of 57.79 when last year low during summer was 57.24 and I remember that DEFI boom where even Binance couldn't keep up with the coin listing and all went up crazy time, similar is happening right now and it wouldn't be strange for money to keep flowing into altcoins during a Bitcoin sideways.
The current Bitcoin price will either move sideways or it could also be a big bear trap, yes most altcoins suffer a bit this weekend but there are many factors involve for example the fact that most ppl are on Eastern holidays plus it was a slow week.
EOS/USDT 1D CHART
The levels of resistance and support on the EOS daily are very clear at this point, despite of clear resistance at $6.55 indicators say other things, that 20EMA starting to be so parabolic with MACD still on positive momentum and the spike in buy volume are very bullish indicators, its funny because all this coins look very similar, reason why I think we are in the thrill zone of the market like everyone is bullish every single day they wake up. Its clear that those who pump this coin haven't sold, EOS went from $3.50 to $6.48 in less than a month, after the last week pump retrace 18%, I would like to wait a few more days to see what happens with Bitcoin because it can push the price a bit down to at least $5 but even at $5.50 and have a stop loss at $4.50 that IMO is hard to happen, that would mean two things
1- This was just a pump and dump that has nothing to do with the rest of the market
2- Bitcoin crash
Any of this two but I don't think is the case since EOS is an OG coin, its not impossible but they don't pump and dump like that during this type of market.
ZIL/USDT 1D CHART
Its incredible how even on a slow weekend ZIL can start to recover and remains bullish on the 1D, as we can see all this altcoins or most are in their third or even forth push, reason why I also believe that we are getting close to the top of this cycle, first at some point altcoin season then money is going to move back into Bitcoin and alts will go up into USD value but just because their BTC pair not going down too fast, on ZIL we have similar bullish indicators as all EMA are very far from each other, price traveling within that bullish structure hugging the 20MA over and over bouncing from that same indicator with MACD starting bullish momentum as in other occasions of this massive rally.
UNI/USDT 1D CHART
This is probably one of my favorites for this week, I have been watching UNI for sometime now and with all the buzz that UNISWAP V3 has created at some point this will be reflected into the price of their governance token, price was turning flat after it drop from $36 but its back within the same channel it was traveling before creating this bullish ascending triangle with oscillators turning bullish, still over that 20EMA and just retest the 50EMA, sometimes when an asset has gone up for a certain period of time the best thing to do is retest 50EMA to shake out some holders and keep going up, I did bought some at $28.68 when I created a post of why I'm bullish on ETHEREUM and UNI.
UNISWAP V3 ON THE WAY WHILE ETHEREUM BRAKES OUT - APRIL BULLISH MONTH
TRX/USDT 1D CHART
I have learn that in crypto as long as there is volume, liquidity and legit exchange, sometimes the project is not what is important, what's important is what the chart is saying, this one got to tell you I don't like it because of Justin Sun but I don't mind making some money out of TRON, I'm currently not holding any TRON but wouldn't care buying some if it drops to $0.098 or $0.09, technical and the community seems to be very bullish, do have a few tokens back from the TRX era on 2019 that are coming back to life, this range I just mention would be IMO this short term support area, right even during weekend the price keeps going up and there are no real signals this is going to pump, catching TRON at that price with a stop loss around $0.08 would be fine to cut losses soon enough if it decides to correct that far but I really doubt.
Wanted to do a small post about some altcoins I plan to buy on spot only this week, already bought UNI still going to wait for EOS, ZIL and TRX, there are many other OG coins looking bullish but its just normal since that's the state of the market, everything is so bullish until its not anymore.
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