THIS TOKEN MIGHT LEAD THE NEXT GENERATION OF ALTCOINS
If you're looking for tokens that has the highest possibility to lead the next generation of altcoins, then, you're in the right place.
Here's why.
Many altcoins have already tried to carve their names in the crypto market and most failed while only a few succeeded. This token could also become one of the greatest altcoins that will establish its position in the crypto market. #TAO have already made a remarkable first impression this year and many have already speculated its long-term value. Albeit, right now, what we're going to be focusing will be the fact that this token needs to continue going down the key levels which held it. In order for another impulsive wave to come in for its markup.
TAO is still staying on top of the support that we have highlighted and this goes in line with the Market Relativity Theory that we have. As the market still awaits for most alts to complete their pattern that's becoming more and more identical to BTC. It is too, waiting for these alts that are at their bottom and haven't retested the previous week's low and middle closing.
#ORBS RESISTING THE SELLOFFS AND HOLDING AT MAJOR SUPPORT
As most tokens are falling off after a couple of rejections of BTC. ORBS beg to differ. This key level is already one of the lowest of this token and it has to continue holding this key level in order have a continuation of the retests of its major resistances. Albeit, there's still a high possibility that this token would breakdown even lower than this level but that possibility can also lead to more doors for this token.
Right now, ORBS is still showing resistance of taking this price level off and breaking down. As it's showing signs of holding this key level we may see another bounce from this token. Although, we don't take the possibility of a breakdown away. Instead, we are looking at this as a viewpoint from the previous monthly lows to hold this key level highly.
#SAGA: WHAT'S NEXT FOR THIS TOKEN THAT'S ALREADY AT ITS BOTTOM?
We've highlighted the previous week's high, middle and low as we're thinking of the possibilities that could happen with SAGA. As more rejections continue to happen below the previous week's high and as well as the other week's high, we can safely assume that this token has to continue creating more bottoms in order to retrace even further above this key level. Along with the overall market sentiment that this token have, it's best to think that more demands will only enter once it decreases its price even further.
It's evident that this token have experienced bouncing twice at the price range of 0.86-1.12. This signifies highest demands from that key level and even if the price breaks down from those key levels many will still await the discount.
From the recent insights that we've provided for #SAGA. Look at how it has already went below the previous week's low and now it will continue to retest the middle and higher bodies of the weekly candlesticks. The more you look at these formations, they seem to be accumulating strength to increase their prices once more. Since the prices can possibly reach higher than the weekly middle and high. It can reattempt to balance the equilibrium that was broken above the 1.80 key level.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.