Following the initial burst in the first week of September, altcoins have been rallying while Bitcoin prices are relatively stable and have hovered within the $9800-$10,000 range. France and other countries in the European Union are against Libra’s launch in Europe. The crypto market is focused on the European regulator’s response to the social media giant’s digital currency. Ethereum and Ripple are leaders of the altcoin rally. Let’s dive into this week’s crypto trader’s digest.
What to buy?
XLM is under significant pressure and is currently trading at $0.074. It is 9.37% down in the past 24 hours and the whole second week of September, XLM has been correcting downwards. The downtrend is at a minimal pace and so to say, the psychological support level is at $0.07. This is the right time to buy XLM and target $0.08 as the selling price.
THETA is currently trading at $0.109 and the price has been slashed by 3.94% in the past 24 hours. It hit $0.12 on September 16, 2019. THETA’s price has been moving down and the bullish momentum is negative. THETA is going through a period of low volatility and this is a favorable time to buy it. It’s more prone to sizeable price movements compared to the rest of the tokens and it is time that THETA moves past volatility of the past 3 weeks.
ELA is stable at $2.42 and the price has dropped by 3.70% in the past 24 hours. The daily chart is looking bullish and the price may hit $2.51 in the next 24-48 hours. ELA’s momentum is bullish for the coming week.
What to HODL?
Binance Coin (BNB)
BNB is currently trading at $21.50 and it has gained 1.81% in the past 24 hours. On September 18, 2019 the price hit $22.89 and this was the highest in the past week. BNB is currently going through a weak of stable price action and the target is $23. It is best to HODL and watch out for signs of takeover by the bulls.
Since its halving LTC has been losing market capitalization and the price has been correcting downwards. It is stable around $75.32 and will remain around the $75 level for the coming week. We HODL and look for signs of bullish momentum before we gear up to sell at a target of $79.
What to sell?
0x has gained 21.29% in the past 24 hours and is currently trading at $0.24 and it has a market capitalization of 14,375 BTC. The target for selling is $0.25, $0.29 and $0.30. The price may start dropping once it hits $0.25.
BEAM has gained 6.51% in the past 24 hours and is currently trading at $1.49. At the start of the week it was trading at $1.23 and this may be a good time to sell with a target of $1.50, $1.53 and $1.57.
Maker is currently trading at $546.55 and has gained 4.73% in the past 24 hours. Maker has shown bullish momentum throughout the week and the price is correcting upwards daily. If the price drops, the next support is $506.48.
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