Category: Market 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

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.

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:

• 25 February 2020 – Road Map Review
• 09 April 2020 – Latoken Listings
• 02 September 2020 – CoinLim Listings

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.

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

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.

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.”

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:

• 24 November 2020 – KP3R-ETH pool on UniSwap to AplhaHomora
• 30 November 2020 –  Keep3r Network Experiment
• 02 December 2020 – Scaling Keep3r with Chainlink

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.

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

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.

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”

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:

• 07 January 2020 – Digital Money Forum
• 20 June 2020 – Civic v2.0 Launch
• 08 October 2020  – Civic – Crypto for Congress
• 15 October 2020 – Public Demo of Launch Accelerator
• 25 November 2020 – Civic – Crypto Banter Live Session

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.

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

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.

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.”

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:

• 30 October 2020 – CoinFLEX Listing
• 26 November 2020 – Sushi Finance – Chef with Sushi
• 1 December 2020 – Cover X Sushi – Cover Protection

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.

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

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.

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.”

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:

• 17 September 2020 – Dether Support
• 18 September 2020 – Kraken Listing
• 30 September 2020 – Virtual Meetup
• 21 October 2020 – ChainX issued a KusamaNetwork Announcement

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.

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

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.

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.”

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:

• 05 September 2020 – Model Diagnostics Update
• 10 September 2020 – Atomars Listing
• 11 September 2020 –  OKEx Listing

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.

Nexo is trading in active uptrend here like many other altcoins are. The Cryptocurrency Nexo just went up +24.5% in a single day and surges over +30.6% in a week.

What is Nexo?

Nexo wants to Build The World’s First Instant Crypto Overdrafts. Powered by Credissimo – A Leading FinTech Group serving millions of people across Europe for over 10 years.

Nexo Quick Stats

Nexo Price Analysis

At the time of writing, Nexo is ranked 75th cryptocurrency globally and the current price is $0.4325 AUD. This is a +30% increase since 23 November 2020 (7 days ago) as shown in the chart below.

Price already increased a little bit after the Nexonomics announcement last week and then Nexo did an awesome breakout from this bearish rectangle by breaking all previous resistances & is now currently trading at $0.4325 AUD price levels.

“The bearish rectangle is a continuation pattern that occurs when a price pauses during a strong downtrend and temporarily bounces between two parallel levels before the trend continues.”

What do the technical indicators say?

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

So Why did NEXO 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 NEXO to their portfolio for the upcoming Altcoins rally. It could also be contributed to some of the recent news where they also announced an improved version of the Earn feature.

Recent Nexo News & Events:

• 05 August 2020 – Staking Deadline
• 15 August 2020 – Dividend Distribution
• 05 August 2020 – AMA

Where to Buy or Trade Nexo?

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