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Crypto News Initial Coin Offering Market Analysis Trading

Injective Protocol Breakout Analysis–INJ Pumps +70% in a Week on Binance Launchpad

After the launch of Injective Protocol on Binance Launchpad, INJ took a strong Breakout with +70% gains in a week. Let’s take a quick look at INJ, price analysis, and possible reasons for the recent breakout.

What is Injective Protocol?

Injective is the first front-running resistant, layer-2 exchange protocol that unlocks the full potential of borderless finance by supporting margin trading, derivatives, and futures.

INJ Quick Stats

SYMBOL:INJ
Global rank:318
Market cap:$36,295,556 AUD
Current price:$2.41 AUD
All-time high price:$2.60 AUD
1 day:+18.2%
7 day:+70.7%
1 year:+161.3%

INJ Price Analysis

At the time of writing, INJ is ranked 318th cryptocurrency globally and the current price is $2.41 AUD. This is a +161.3% increase since the launch of its ICO at Binance Launchpad. Have a look at the chart below for price analysis.

Source: TradingView

After the launch of INJ on Binance Launchpad, It pumped up to $2.60 AUD having +385% gains in just a few hours and the initial opening price of INJ was $0.73 AUD at Binance Exchange with many different trading pairs like INJ/BTC, INJ/BNB, and INJ/ETH.

Currently, INJ is trading at $2.41 AUD price levels after breaking out the squeeze resistance in its sideways trend & now INJ is heading towards making a new all-time high price.

Source: TradingView

What do the technical indicators say?

The INJ TradingView indicators (on the 1 day) mainly indicate INJ as a strong buy, except the Oscillators which indicate INJ as a buy.

So Why did INJ Breakout?

After the opening at Binance Launchpad, mostly ICO’s pumps after going live on exchange for trade and, the recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. It could also be contributed to some recent news of Solstice Testnet Launch.

Recent INJ News & Events:

Where to Buy or Trade INJ?

INJ has the highest liquidity on Binance Exchange so that would help for trading INJ/USDT or INJ/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

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Cardano Crypto News Market Analysis Ripple Trading TRON

Altcoins Trading Analysis – 3 Coins that Might Breakout Today: XRP, ADA, TRX

Trading analysis

For today’s trading news, we’re looking at are three altcoins that might breakout showing bullish trends in the charts.

1. Ripple (XRP)

Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company.

XRP Price Analysis

At the time of writing, XRP is ranked 3rd cryptocurrency globally and the current price is $0.8109 AUD. Let’s take a look at the chart below for price analysis.

Source: TradingView

If we see the above 1-hour candle chart, we are moving in a symmetrical triangle, just tested the lower support line of this triangle, and we can expect the movement to the upper resistance line.
if we breakout from this triangle, XRP might start a new bullish trend.

“A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.”

2. Cardano (ADA)

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.

ADA Price Analysis

At the time of writing, ADA is ranked 8th cryptocurrency globally and the current price is $0.2093 AUD. Let’s take a look at the chart below for price analysis.

Source: TradingView

If we see the above 1-hour candle chart, Cardano ADA is forming an ABCD pattern in a Triangle Formation by making higher-highs & higher-lows in the price levels. If ADA bounces back from the E point of a Triangle Formation, It can start its new bullish trend after breaking the next resistances.

“The ABCD pattern is an easy-to-identify chart pattern that consists of two equivalent price legs. It is a harmonic pattern that helps traders predict when the price of a stock is about to change direction. The pattern can be used to predict either a bullish or bearish reversal depending on the orientation.”

3. Tron (TRX)

TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS — 24/7.

TRX Price Analysis

At the time of writing, TRX is ranked 18th cryptocurrency globally and the current price is $0.0408 AUD. Let’s take a look at the chart below for price analysis.

Source: TradingView

November brought an impressive 70% rally in TRX’s price before it encountered resistance below September’s swing high, near $0.0539 AUD.

Last week’s sweep of old highs could lead to a retest of support near the November monthly open, where equal lows make an appealing short-term target for bears. 

If we see the above 4-hour candle chart, TRX is squeezing inside the symmetrical triangle and is now charging up for the strong breakout, if TRX bounces back from the support like then it might pump with a breakout.

Where to Buy or Trade Altcoins?

These 3 Altcoins have the highest liquidity on Binance Exchange so that would help for trading USDT or BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

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Crypto News Market Analysis Trading

BotXcoin Breakout Analysis – BOTX Pumps +64% in a Single Day with Strong Bullish Trend

Breakout Analysis

BotXcoin is flipping on a 1-day candle chart, BOTX has grown by a massive +64% in a single day. Let’s take a quick look at BOTX, price analysis, and possible reasons for the recent breakout.

What is BotXcoin?

BotXcoin is a future token for financial freedom that provide a functional token for using our profitable trading robot in all cryptocurrency exchange all over the world. The goal of this project is to utilize a trading robot BOTX App and build a multi-cryptocurrency trading exchange BOTXPRO.

BotXcoin Quick Stats

SYMBOL:BOTX
Global rank:217
Market cap:$340,603,325 AUD
Current price:$0.2085 AUD
All time high price:$0.2569 AUD
1 day:+64.31%
7 day:+17.95%
1 year:+566.36%

BotXcoin Price Analysis

At the time of writing, BOTX is ranked 217th cryptocurrency globally and the current price is $0.2085 AUD. This is a +64.31% increase in a single day as shown in the chart below.

Source: Coinpaprika TradingView

In the past week, there was a strong rise in Bitcoin, Ethereum, and Ripple. As a result, BotXcoin also formed strong support near $0.1242 AUD price levels before starting a strong bullish trend.

Here we also have the “W” pattern with a higher low just as looking at it before starting a strong increase, there was a break above a crucial contracting triangle with resistance near $0.1552 on the daily chart of the BOTX/AUD. The pair gained pace above the $0.1742 and $0.1865 resistance levels.

“W pattern is a price pattern, also called Double Bottom. This pattern, when drawn it looks like the W and this is why it is called as W pattern. Sometimes patterns look like W but it is not the exact W pattern and these patterns are called Semi-W patterns.”

What do the technical indicators say?

The BotXcoin TradingView indicators (on the 1 day) mainly indicate BOTX as a buy, except the Moving Averages which indicate BOTX as a strong buy.

So Why did BOTX Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. It could also be contributed to some of the recent events where the BotXcoin will be listed in Coinlim.

Recent BotXcoin News & Events:

Where to Buy or Trade BotXcoin?

Currently BOTX coin is mostly available to buy on P2PB2B exchange which is a cryptocurrency exchange operating out of the United Kingdom.

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Crypto News Market Analysis Trading

KEEP3RV1 Breakout Analysis – Parabolic Breakout on KP3R with +74% Gains in a Single Day

Breakout Analysis

Keep3rv1 just pumped up to +74% in a single day with a strong breakout on Binance & other Exchanges. Let’s take a quick look at KP3R, price analysis, and possible reasons for the recent breakout.

What is KP3R?

Keep3rV1 is a decentralized platform designed to facilitate the coordination between projects that need to source outside development operations and those who can provide those required services. Essentially, the project serves as a job board that facilitates the interaction between job posters, such as decentralized finance protocols, and job executors, known as Keepers.

KEEP3RV1 Quick Stats

SYMBOL:KP3R
Global rank:122
Market cap:$106,480,841 AUD
Current price:$529.18 AUD
All time high price:$586.24 AUD
1 day:+74.41%
7 day:+81.70%
1 year:+82.74%

KP3R Price Analysis

At the time of writing, KP3R is ranked 122nd cryptocurrency globally and the current price is $529.18 AUD. This is a +81% increase since 27 November 2020 (7 days ago) as shown in the chart below.

Source: TradingView

If we see the above 1-day candle chart, KP3R was trading inside the rising wedge pattern at $390.14 AUD price levels. KP3R just did an awesome breakout by breaking all the major resistances in a single day and is now currently trading at $529.18 AUD.

“A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.”

Source: TradingView

What do the technical indicators say?

The KEEP3RV1 TradingView indicators (on the 1 day) mainly indicate KP3R as a strong buy, except the Moving Averages which indicate KP3R as a buy.

So Why did KP3R breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout in KP3R. Another big reason could be the whales secretly buying this coin for their portfolio which might give them huge profits in the next Altcoins rally. It could also be contributed to some of the recent events & news of Scaling Keep3r with Chainlink.

Recent KP3R News & Events:

Where to Buy or Trade KP3R?

KEEP3RV1 has the highest liquidity on Binance Exchange so that would help for trading KP3R/USDT or KP3R/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

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Crypto News Market Analysis Trading

Civic Breakout Analysis – CVC Pumps +54% in a Single Day by Breaking Falling Wedge Pattern

Breakout Analysis

Civic was squeezing inside the falling wedge pattern on a 1-day candle chart and it just went up over +54% in a single day. Let’s take a quick look at CVC, price analysis, and possible reasons for the recent breakout.

What is Civic?

Civic’s identity verification and protection tools give both businesses and individuals the power to control and protect their identities through the blockchain.

Civic Quick Stats

SYMBOL:CVC
Global rank:112
Market cap:$118,682,481 AUD
Current price:$0.1855 AUD
All time high price:$2.25 AUD
1 day:+54.41%
7 day:+49.73%
1 year:+330.15%

Civic Price Analysis

At the time of writing, CVC is ranked 112th cryptocurrency globally and the current price is $0.1855 AUD. This is a +54.41% increase in a single day as shown in the chart below.

Source: TradingView

After looking at the above 1-day candle chart, we can clearly see that Civic was trading inside the falling wedge pattern on the CVC/BTC pair. The first resistance was on the $0.1456 AUD price level which CVC broke with a strong bullish trend buying volume and is now heading towards the next resistance at $0.2935 AUD & $0.3555 AUD respectively. Seeing that many altcoins are waking up bullish today, CVC is likely to continue to increase.

“The falling wedge pattern is a continuation pattern formed when price bounces between two downward slopings, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend”

Source: TradingView

What do the Technical indicators say?

The  Civic TradingView indicators (on the 1 day) mainly indicate CVC as a strong buy, except the Oscillators which indicate CVC as a buy.

So Why did Civic Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. Another reason could be the whales, secretly stacking up CVC to their portfolio for this Altcoin rally. It could also be contributed to some of the recent news for the public demo of Launch Accelerator.

Recent Civic News & Events:

Where to Buy or Trade Civic?

Civic has the highest liquidity on Binance Exchange so that would help for trading CVC/USDT or CVC/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

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Crypto News Market Analysis Trading

Sushi Swap Breakout Analysis – SUSHI Performing Active Uptrend with +51% Gains in a Week

Breakout Analysis

SushiSwap is trading in uptrend here like many other altcoins are. The Cryptocurrency SuhsiSwap SUSHI just went up +18% in a single day and surges over +51% in a week.

What is SushiSwap?

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges that use smart contracts to create markets for any given pair of tokens.

SushiSwap Quick Stats

SYMBOL:SUSHI
Global rank:51
Market cap:$470,260,452 AUD
Current price:$3.01 AUD
All time high price:$4.23AUD
1 day:+18.4%
7 day:+51.70%
1 year:+274.34%

SushiSwap Price Analysis

At the time of writing, SUSHI is ranked 51st cryptocurrency globally and the current price is $3.02 AUD. This is a +51% increase since 26 November 2020 (7 days ago) as shown in the chart below.

Source: TradingView

If we see the above 1-day candle chart, SushiSwap just bounced back from its support levels of $2.13 AUD and holding its position strong for the breakout from the next resistance which is at $3.61 AUD. The blue line is acting as a support level for this Ascending triangle trend.

“An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.”

Source: TradingView

What do the technical indicators say?

The SushiSwap SUSHI TradingView indicators (on the 1 day) mainly indicate SUSHI as a buy, except the Oscillators which indicate SUSHI as a neutral.

So Why did SUSHI Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. It could also be contributed to some of the recent events where an increase in yields for incentivized pools.

Recent SushiSwap News & Events:

Where to Buy or Trade SUSHI?

SUSHI has the highest liquidity on Binance Exchange so that would help for trading SUSHI/USDT or SUSHI/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

Categories
Crypto News Initial Coin Offering Market Analysis Trading

SKALE Network Breakout Analysis – SKL Pumps +173% on Binance Launchpad

Breakout Analysis

After the launch of Skale Network on Binance Launchpad today, SKL took a strong Breakout with +173% gains in a single day. Let’s take a quick look at SKL, price analysis, and possible reasons for the recent breakout.

What is Skale?

SKALE Network’s modular protocol is one of the first of its kind to allow developers to easily provision highly configurable blockchains, which provide the benefits of decentralization without compromising on computation, storage, or security.

Skale Quick Stats

SYMBOL:SKL
Global rank:269
Market cap:$62,644,180 AUD
Current price:$0.1138 AUD
All-time high price:$0.1969 AUD
1 day:+173.26%
7 day:+255.70%
1 year:+256.74%

Skale Price Analysis

At the time of writing, SKL is ranked 269th cryptocurrency globally and the current price is $0.1138 AUD. This is a +173.26% increase since the launch of its ICO at Binance Launchpad today (1 December 2020). Have a look at the chart below for price analysis.

Source: Binance-TradingView

After the launch of Skale on Binance Launchpad, It pumped up to $0.1912 AUD having +385% gains in just a few minutes and the initial opening price of SKL was $0.0413 AUD at Binance Exchange with many different trading pairs like SKL/BTC, SKL/USDT, and SKL/BUSD.

Currently, SKL is trading at $0.1138 AUD price levels after breaking out the squeeze resistance in its sideways trend & now heading towards its all-time high price.

What do the technical indicators say?

The Skale TradingView indicators (on the 1 day) mainly indicate SKL as a strong buy, except the Oscillators which indicate SKL as a neutral.

So Why did Skale Breakout?

After the opening at Binance Launchpad, mostly ICO’s pumps after going live on exchange for trade and, the recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. It could also be contributed to some recent news where Skale gets listed on more exchanges.

Recent Skale News & Events:

Where to Buy or Trade Skale?

Skale has the highest liquidity on Binance Exchange so that would help for trading SKL/USDT or SKL/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

Categories
Crypto News Market Analysis Trading

Kusama Breakout Analysis – KSM Pumps +35% in a Week with Strong Bullish Trend

Breakout Analysis

KSM was squeezing inside the double top pattern on a 4-hour candle chart, it just went up over +35% in the last 7 days. Let’s take a quick look at KSM, price analysis, and possible reasons for the recent breakout.

What is Kusama KSM?

Self-described as “Polkadot’s wild cousin,” Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on substate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

KSM Quick Stats

SYMBOL:KSM
Global rank:46
Market cap:$615,973,312 AUD
Current price:$72.36 AUD 
All time high price:77.09 AUD
1 day:+13.44%
7 day:+35.74%
1 year:+79.76%

KSM Price Analysis

At the time of writing, KSM is ranked 46th cryptocurrency globally and the current price is $72.36 AUD. This is a +35.74% increase since 24 November 2020 (7 days ago) as shown in the chart below.

Source: TradingView

After looking at the above 4-hour candle chart, we can clearly see that KSM touched the Double Top before forming (A-B-C Triangle Pattern) on the KSM/USDT pair. The first resistance was on the $42.00 AUD price levels from which KSM broke with a strong bullish trend buying volume and is now heading towards its ATH all-time high price.

The above triangle pattern John called it the ABC pattern, which he defines in simple terms: “It’s a stop run of the first pullback after an aggressive move to the upside that signifies more potential in the direction of the larger movement.”

Source: TradingView

If we zoom out the live price chart and take a look at the price over the past few days or so, we can see the recent breakout more clearly, the trend is almost parabolic & bullish which looks insane.

What do the Technical indicators say?

The  Kusama KSM TradingView indicators (on the 1 day) mainly indicate KSM as a strong buy, except the Oscillators which indicate KSM as a buy.

So Why did KSM Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. Another reason could be the whales, secretly stacking up KSM to their portfolio for the next Altcoins rally. It could also be contributed to some of the recent news where ChainX issued a KusamaNetwork

Recent KSM News & Events:

Where to Buy or Trade Kusama KSM?

Kusama has the highest liquidity on Binance Exchange so that would help for trading KSM/USDT or KSM/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

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Crypto News Litecoin Market Analysis Trading

Litecoin LTC Breakout Analysis – LTC with +16% Gains in a Single Day

Breakout analysis

Litecoin LTC is flipping on a 4-hour candle chart, LTC just went up over +16% in a single day. Let’s take a quick look at LTC price analysis and possible reasons for the recent breakout.

What is Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open-source, global payment network that is fully decentralized without any central authorities.

Litecoin Quick Stats

SYMBOL:LTC
Global rank:6
Market cap:$7,763,926,899 AUD
Current price:$115.84 AUD
All time high price:$509.34 AUD
1 day:+16.42%
7 day:+5.42%
1 year:+83.99%

Litecoin Price Analysis

At the time of writing, LTC is ranked 6th cryptocurrency globally and the current price is $115.84 AUD. This is a +5.42% increase since 24 November 2020 (7 days ago) as shown in the chart below.

Source: TradingView

If we see the above 4-hour candle chart, LTC did a strong breakout from the falling wedge pattern & is now heading towards its major resistance of the month. After BTC did a new historical high today, LTC looks well-positioned to test the $100 AUD price levels.

“The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge.”

Source: TradingView

When the price reached the lower support line, LTC immediately began its upward movement. The price was again able to break through the upper lines and continue to grow. Now the Litcoin is moving along the support line that accompanies the initiative from the very beginning of the price growth.

What do the technical indicators say?

The Litecoin LTC TradingView indicators (on the 1 day) mainly indicate LTC as a buy, except the Oscillators which indicate sell as a neutral.

So Why did Litecoin Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. Another reason could be the whales secretly buying LTC for the next Altcoins rally & it could also be contributed to some of the recent events.

Recent Litecoin News & Events:

Where to Buy or Trade Litecoin?

LTC has the highest liquidity on Binance Exchange so that would help for trading LTC/USDT or LTC/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.

Categories
Crypto News Market Analysis Trading

Numeraire NMR Breakout Analysis – NMR Forming Rising Wedge Pattern with +32% Gains in a Week

Breakout Analysis

The cryptocurrency Numeraire NMR just went up over +32% in the past week. Let’s take a quick look at NMR, price analysis, and possible reasons for the recent breakout.

What is Numeraire?

Numeraire: A Cryptographic Token for Coordinating Machine Intelligence and Preventing Overfitting. (NMR) is a cryptocurrency and operates on the Ethereum platform.

Numeraire Quick Stats

SYMBOL:NMR
Global rank:76
Market cap:$221,151,628 AUD
Current price:$49.67 AUD
All time high price:$228.14 AUD
1 day:+24.52%
7 day:+32.15%
1 year:+515.33%

Numeraire Price Analysis

At the time of writing, NMR is ranked 76th cryptocurrency globally and the current price is $49.67 AUD. This is a +32.15% increase since 24 November 2020 (7 days ago) as shown in the chart below.

Source: TradingView

In the past week, there was a strong rise in Bitcoin, Ethereum, and Ripple. As a result, Numeraire (NMR) also formed strong support near $28.96 before starting a fresh increase against the AUD.

If we see the above 4-hour candle chart, NMR is forming a Rising Wedge pattern and is now currently trading at $49.67 AUD. The next resistance is on the $60.12 AUD price levels which can be broken any time soon if NMR keeps the trend with strong buying.

“A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.”

Source: TradingView

If we zoom out and take a look at the price over the past few days or so, we can see the recent breakout more clearly, the line is almost vertical which looks insane.

What do the Technical indicators say?

The  Numeraire NMR TradingView indicators (on the 1 day) mainly indicate NMR as a strong buy, except the Oscillators which indicate NMR as a buy.

So Why did NMR Breakout?

The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. Another reason could be the whales, secretly stacking up NMR to their portfolio for the next Altcoins rally. It could also be contributed to some of the recent news relating Interview with the CEO of Numeraire @RicharCraib

Recent NMR News & Events:

Where to Buy or Trade Numeraire NMR?

NMR has the highest liquidity on Binance Exchange so that would help for trading NMR/USDT or NMR/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.