Everipedia IQ is trading in uptrend here like many other altcoins. The Cryptocurrency IQ just went up +74% in a single day by breaking a Bullish rectangle pattern with strong buying volume and surges over +80% in a week.
What is IQ?
Everipedia+PredIQt is a decentralized knowledge base and DeFi platform that includes a prediction market, money market, and synthetic asset system. The IQ token powers all applications and is used for the governance of the system.
IQ Quick Stats
SYMBOL:
IQ
Global rank:
185
Market cap:
$41,660,179AUD
Current price:
$0.0056 AUD
All time high price:
$0.1254 AUD
1 day:
+74.35%
7 day:
+80.94%
1 year:
+114.43%
IQ Price Analysis
At the time of writing, IQ is ranked 185th cryptocurrency globally and the current price is $0.0056 AUD. This is a +80.94% increase since 24th December 2020 (7 days ago) as shown in the chart below.
If we see the above 4-hour candle chart, IQ did a strong breakout from the bullish rectangle pattern while trading sideways from the last few days & is now heading towards its major resistance of the month. After BTC made a new all-time high in its price recently and Altcoins are also rising in a bullish trend, IQ looks well-positioned to hit the next high price levels.
“Bullish rectangles are continuation patterns that occur when a price pauses temporarily during an uptrend – they offer you a buying opportunity. … you place your profit target the same distance above the rectangle’s upper resistance level as the distance between the rectangle’s two parallel lines.”
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 for this sudden pump in price could be the whales secretly buying IQ for the next Altcoins rally & it could also be contributed to some of the recent news of Everipedia teaming up with Associated Press.
On January 5th, Everipedia is teaming up with the Associated Press again to bring the United States Senate elections results in #Ethereum and #EOS.https://t.co/rI8xGvfGVU
IQ has the highest liquidity on Binance Exchange so that would help for trading IQ/BTC or IQ/USDT pairs. However, you can also buy IQ from different exchanges listed on Coinmarketcap.
For today’s trading news, we’re looking at three altcoins that might breakout by showing bullish trends in the charts.
1. LISK (LSK)
Lisk (LSK), founded in early 2016 by Max Kordek and Oliver Beddows and headquartered in Zug, Switzerland, is a blockchain application platform that seeks to make blockchain technology more accessible to the masses. Lisk focuses on user experience, developer support, and in-depth documentation. Lisk’s SDK kit is written in JavaScript so as to allow developers to easily build blockchain applications on the Lisk blockchain and even deploy their own sidechain linked to the Lisk network. The open-source Lisk blockchain platform is powered by Lisk (LSK) tokens and operates under the Delegated Proof of Stake (DPoS) consensus model to allow for its network to be secured by democratically elected delegates.
LISK Price Analysis
At the time of writing, LSK is ranked 86th cryptocurrency globally and the current price is $1.50 AUD. Let’s take a look at the chart below for price analysis.
After a November rally, LSK dropped to support near the 70.5% retracement during December. Currently, the price is accumulating at a significant monthly level after running stops near the weekly support at $1.34 AUD.
A Q1 2021 Altcoins season could make the current region an excellent entry opportunity for bulls, with any quick drops to the supports near $1.34 AUD and $1.27 AUD giving even higher risk-reward entries.
The relatively equal highs on the daily chart near $1.65 AUD provide a highly probable first target. If the price breaks the December monthly open, the relatively equal highs near $1.90 AUD provide the next target.
The swing high at $1.76 AUD provides a third target for an extended rally, although some resistance starting at $1.74 AUD could slow down bulls before reaching the fourth target near $2.35 AUD.
2. Tezos (XTZ)
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
XTZ Price Analysis
At the time of writing, XTZ is ranked 19th cryptocurrency globally and the current price is $2.70 AUD. Let’s take a look at the chart below for price analysis.
Last week, XTZ swept stops below the Q4 support near $1.98 AUD before quickly bouncing into support between $2.25 AUD and $2.17 AUD.
The upward speed of this move back into support shows that buyers are eager to enter, suggesting that more upward movement might be coming.
If the price breaks resistance near $2.93 AUD, just below the monthly open, the equal highs near $3.14 AUD provide an appealing first target. Bullish continuation through the resistance beginning at $3.27 AUD would hint that the next target is the swing high near $3.56 AUD.
Beyond this target, the resistance beginning at $3.98 AUD could be strong enough to halt the bull run. If this resistance breaks, a parabolic rise through the highs might reach the mid-August.
3. Zilliqa (ZIL)
Zilliqa is a public, permissionless Blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
ZIL Price Analysis
At the time of writing, ZIL is ranked 34th cryptocurrency globally and the current price is $0.1286 AUD. Let’s take a look at the chart below for price analysis.
ZIL has already climbed over +275% since its December low, but altcoins sometimes run far beyond what most traders expect.
The price recently retested the 62% retracement of the last swing high and low on the four-hour chart, suggesting that some bulls are still looking for more upside.
If this retest proves to be the local low, overlapping extensions from this pattern and the December move point to the areas around $0.0988 AUD, $0.1421 AUD, $0.1645 AUD, and $0.1935 AUD being the next probable take-profit zones.
If the price instead drops below the weekly open to fill the daily chart gap, the range beginning at $0.0828 AUD could prove as support. More substantial support starts at $0.0621 AUD, while the consolidation preceding this bull run at $0.0543 AUD marks a likely re-accumulation zone.
Where to Buy or Trade Altcoins?
These 3 Altcoins have the highest liquidity on Binance Exchange so that would help for trading on 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.
The cryptocurrency VIDT Datalinkjust went up over +34% in a single day. Let’s take a quick look at VIDT price analysis and possible reasons for the recent breakout.
What is VIDT Datalink?
VIDT Datalink is a blockchain-powered data validation platform. VIDT Datalink enables organizations to protect their digital data against fraud and manipulation. A simple but strong formula, that adds and protects value at minimum expense and effort. Organizations like Nyenrode, AmSpec, and IBM use VIDT Datalink to certify and secure digital documents like certificates, invoices, diplomas, and sensor-data.
VIDT Quick Stats
SYMBOL:
VIDT
Global rank:
342
Market cap:
$33,640,662 AUD
Current price:
$0.6832 AUD
All-time high price:
$1.61 AUD
1 day:
+34.52%
7 day:
+55.15%
1 year:
+640.14%
VIDT Price Analysis
At the time of writing, VIDT is ranked 342nd cryptocurrency globally and the current price is $0.6832 AUD. This is a +55.15% increase since 22nd December 2020 (7 days ago) as shown in the chart below.
In the past week, there was a strong rise in Bitcoin, Ethereum, and other Altcoins. As a result, VIDT also formed strong support near $0.4586 AUD before starting a fresh increase against the BTC/VIDT Pair.
If we see the above 1-hour candle chart, VIDT is forming a Rising Wedge pattern and is now currently trading at $0.6832 AUD after a successful breakout today from a descending triangle pattern. The next resistance is on the $0.7925 AUD price levels which can be broken any time soon if VIDT keeps trading in the uptrend with strong buying volume.
“A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows and, 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.”
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 VIDT to their portfolio for the next Altcoins rally. It could also be contributed to some of the recent news of FTB Blockchain Solution.
LTO Network & VIDT Datalink merge to become THE front-to-back blockchain solution!
VIDT Datalink has the highest liquidity on Binance Exchange so that would help for trading VIDT/USDT or VIDT/BTC pairs. However, you can also buy VIDT from different exchanges listed on Coinmarketcap.
DigiByte DGB just pumped up to +43% in a single day with a strong breakout on Binance & other Exchanges. Let’s take a quick look at DGB, price analysis, and possible reasons for the recent breakout.
What is DigiByte?
DigiByte (DGB) is an open-source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin. A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity, and transaction speed.
DigiByte Quick Stats
SYMBOL:
DGB
Global rank:
51
Market cap:
$533,221,821 AUD
Current price:
$0.0379 AUD
All time high price:
$0.1880 AUD
1 day:
+43.25%
7 day:
+61.39%
1 year:
+416.71%
DigiByte Price Analysis
At the time of writing, DGB is ranked 51st cryptocurrency globally and the current price is $0.0379 AUD. This is a +61.39% increase since 21st December 2020 (7 days ago) as shown in the chart below.
If we see the above 4-hour candle chart, DGB did a strong breakout from the falling wedge pattern at $0.0285 AUD price levels & is now heading towards its major resistance of the month. After BTC made a new all-time high in its price and Altcoins are also rising in a bullish trend, DGB looks well-positioned to hit the next high 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.”
What do the technical indicators say?
The DigiByte TradingView indicators (on the 1 day) mainly indicate DGB as a buy, except the Oscillators which indicate DGB as a neutral.
So Why did DGB 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 for this sudden pump in price could be the whales secretly buying DGB for the next Altcoins rally & it could also be contributed to some of the recent news from Top DigiByte Influencers.
DigiByte has the highest liquidity on Binance Exchange so that would help for trading DGB/BTC or DGB/USDT pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
Theta Fuel is trading in active uptrend here like many other altcoins. The Cryptocurrency TFUEL just went up +61% in a single day and surges over +90% in a week.
What is Theta Fuel?
Theta Fuel is the second token (gas token) of the Theta Network. Theta Fuel is a native token on the Theta blockchain. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network.
TFUEL Quick Stats
SYMBOL:
TFUEL
Global rank:
83
Market cap:
$211,050,362 AUD
Current price:
$0.0431 AUD
All time high price:
$0.0478 AUD
1 day:
+60.29%
7 day:
+90.45%
1 year:
+1149.69%
TFUEL Price Analysis
At the time of writing, TFUEL is ranked 83rd cryptocurrency globally and the current price is $0.0431 AUD. This is a +90.45% increase since 20th December 2020 (7 days ago) as shown in the chart below.
After looking at the above 1-day candle chart, we can clearly see that TFUEL was trading inside the falling wedge pattern on the TFUEL/BTC pair. The first resistance was on the $0.03547 AUD price levels which TFUEL broke with a strong bullish trend buying volume and is now heading towards its all-time high price. Seeing that many altcoins are waking up bullish today, TFUEL is likely to continue the uptrend.
“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”
The TFUEL TradingView indicators (on the 1 day) mainly indicate TFUEL as a buy, except the Oscillators which indicate TFUEL as a sell.
So Why did TFUEL 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 TFUEL to their portfolio for this Altcoins rally. It could also be contributed to some of the recent news of ThetaTV Launching NFT’s.
Theta Fuel has the highest liquidity on Binance Exchange so that would help for trading TFUEL/USDT or TFUEL/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
Synthetix SNX has already gone up over +52% this month, and the trading analysis suggests that there might be another wave incoming. Let’s take a look at SNX and what the charts are telling us about price analysis, and possible reasons for the recent breakout.
What is SNX?
Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token that tracks the price of an external asset; for example, each USD token tracks the price of the US dollar and unlike the other synthetic assets, is fixed at 1. A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.
SNX Quick Stats
Symbol:
SNX
Global rank:
33
Market cap:
$1,147,454,062 AUD
Current price:
$10.79 AUD
All time high price:
$14.30 AUD
1 day:
+29.61%
7 day:
+52.08%
1 year:
+472.56%
SNX Price Analysis
At the time of writing, SNX is ranked 33rd cryptocurrency globally and the current price is $10.79 AUD. This is a +52.08% increase since 17th December 2020 (7 days ago) as shown in the chart below.
After looking at the above 4-hour candle chart, we can clearly see that SNX was trading inside the rising wedge pattern on the SNX/USDT pair. The first resistance was on the $7.12 price level which SNX broke with a strong bullish trend buying volume and is now heading towards the all-time high price. Seeing that many altcoins are waking up bullish today, SNX is likely to continue to increase in the uptrend.
‘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.”
The SNX TradingView indicators (on the 1 day) mainly indicate SNX as a buy, except the Oscillators which indicate SNX as a sell.
So Why did SNX 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 SNX to their portfolio for this Altcoin rally. It could also be contributed to some of the recent news of Synthetix Staking DApp Launch.
SNX has the highest liquidity on Binance Exchange so that would help for trading SNX/USDT or SNX/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
UMA is trading in uptrend here like many other altcoins. The Cryptocurrency UMA just went up +44% in a single day by breaking a Descending triangle with strong buying volume and surges over +53% in a week.
What is UMA?
UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum blockchain. UMA was launched in December 2018. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain.
UMA Quick Stats
SYMBOL:
UMA
Global rank:
41
Market cap:
$821,920,594 AUD
Current price:
$14.73 AUD
All time high price:
$36.63 AUD
1 day:
+44.74%
7 day:
+53.94%
1 year:
+129.34%
UMA Price Analysis
At the time of writing, UMA is ranked 41st cryptocurrency globally and the current price is $14.73 AUD. This is a +53.94% increase since 16th December 2020 (7 days ago) as shown in the chart below.
If we see the above 4-hour candle chart, UMA just bounced back from its support levels of $9.35 AUD and took a strong parabolic breakout from Descending Triangle within the next resistance which was at $11.61 AUD. The yellow line is acting as a support level for this Descending triangle trend.
“A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows”
The UMA TradingView indicators (on the 1 day) mainly indicate UMA as a buy, except the Oscillators which indicate UMA as a sell.
So Why did UMA 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 news of Mario.cash Launch.
UMA has the highest liquidity on Binance Exchange so that would help for trading UMA/USDT or UMA/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
A recent stats report by Coin Metrics has some pretty interesting charts showing COVID March 2020 coin returns vs now (December 2020).
On March 12th, the world abruptly changed. Amidst growing concerns over the COVID-19 pandemic bitcoin suffered one of its largest one-day price drops in history. The rest of crypto followed, with most major assets down over 30% on the week.
By Q4 the flood gates began to open. After a tumultuous beginning of the year, institutional investors had finally arrived.
On October 8th, Square announced a $50M investment into bitcoin, stating “we believe that bitcoin has the potential to be a more ubiquitous currency in the future.” Square joined MicroStrategy and others in allocating part of their corporate treasury to bitcoin. On October 21st, PayPal made an official announcement that it was introducing “a way for customers to buy, hold, and sell certain cryptocurrencies within the PayPal wallet.”
Soon after, Bitcoin’s price began to rise. It would keep on rising for most of Q4. As institutions continued to join, the narratives around bitcoin started to shift. In a quickly changing world, bitcoin is increasingly being endorsed as a hedge against inflation and form of digital gold.
After the launch of Fan Token on Binance Launchpad today, PSG took a strong Breakout with +216% gains in a single day. Let’s take a quick look at PSG, price analysis, and possible reasons for the recent breakout.
What is Fan Token?
Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.
Fan Token Quick Stats
SYMBOL:
PSG
Global rank:
268
Market cap:
$72,764,396 AUD
Current price:
$49.78 AUD
All-time high price:
$57.12 AUD
1 day:
+216.26%
7 day:
+399.70%
1 year:
+399.70%
Fan Token Analysis
At the time of writing, PSG is ranked 268th cryptocurrency globally and the current price is $49.78 AUD. This is a +399.70% increase since the launch of its ICO at Binance Launchpad today (21st December 2020). Have a look at the chart below for price analysis.
After the launch of PSG on Binance Launchpad, It pumped up to $57.12 AUD having +399% gains in just a few hours and the initial opening price of PSG was $15.46 AUD at Binance Exchange with many different trading pairs like PSG/BTC, PSG/USDT, and PSG/BUSD.
Currently, PSG is trading at $49.78 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 PSG TradingView indicators (on the 1 day) mainly indicate PSG as a strong buy, except the Oscillators which indicate PSG as a neutral.
So Why did PSG 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 the PSG Token on Binance Listings.
The Fan Token has the highest liquidity on Binance Exchange so that would help for trading PSG/BTC, PSG/USDT, or PSG/BUSD pairs. However, you can also buy PSG from different exchanges listed on Coinmarketcap.
Dogecoin is trading in active uptrend here like many other altcoins after Bitcoin made a new all-time high. The Cryptocurrency DOGE just went up +25.93% in a single day and surges over +51.13% in a week. Let’s take a quick look at the Dogecoin price analysis and possible reasons for the recent breakout.
What is Dogecoin?
Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
DOGE Quick Stats
SYMBOL:
DOGE
Global rank:
43
Market cap:
$830,033,722 AUD
Current price:
$0.0064 AUD
All time high price:
$0.0248 AUD
1 day:
+25.94%
7 day:
+51.13%
1 year:
+136.66%
DOGE Price Analysis
At the time of writing, DOGE is ranked 43rd cryptocurrency globally and the current price is $0.0064 AUD. This is a +51.13% increase since 15th December 2020 (7 days ago) as shown in the chart below.
After looking at the above 1-day candle chart, we can clearly see that Dogecoin was trading inside the falling wedge pattern on the DOGE/BTC pair. The first resistance was on the $0.0049 AUD price levels which DOGE broke with a strong bullish trend buying volume and is now heading towards the next resistance at $0.0073 AUD & $0.0085 AUD respectively. Seeing that many altcoins are waking up bullish today, DOGE is likely to continue the uptrend.
“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”
The Dogecoin TradingView indicators (on the 1 day) mainly indicate DOGE as a buy, except the Oscillators which indicate DOGE as a sell.
So Why did DOGE 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 DOGE to their portfolio for this Altcoins rally. It could also be contributed to some of the recent news of Elon Musk’s Tweet about DOGE
Dogecoin has the highest liquidity on Binance Exchange so that would help for trading DOGE/USDT or DOGE/BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
