Rising Cryptocurrency Analysis: Stratis, Siacoin, Steem, Factom, Lisk | Hacked: Hacking Finance
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Rising Cryptocurrency Analysis: Stratis, Siacoin, Steem, Factom, Lisk

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Rising Cryptocurrency Analysis: Stratis, Siacoin, Steem, Factom, Lisk

Introduction

This article was posted on Wednesday, 15:04, UTC.

A new crop of rising stars seems to be appearing in the crypto-coin market on a daily basis, as ICO’s are taking place in all kinds of segments, while some of the running projects get boosted by the market on favorable news announcements or trading activity. These coins provide good opportunities for traders, but be aware, risks might also be higher, so careful with those margin accounts!

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Thanks to our ICO analysis series, you can get ahead of the curve, and find the winners of the future before they even start circulating. Today, we will take a look at the five of the up and coming coins that are already out in the wild, or actually have been there for quite a while, from a trader’s perspective.

Interested in another small cap coin or coins? Let us know in the comment section, and we will post an analysis in the coming days!

Stratis

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Stratis/BTC, 4-Hour

Stratis crossed the $1 billion market value recently, racing to the 7th place of the market cap list according to Coinmarketcap. If you recall it wasn’t long ago, that Ethereum crossed this mark (earlier this year), and now it is north of $25 billion. The coin has been consolidating since last week’s extraordinary rise, as we expected after running into resistance near 0.0045 on the Bitcoin pair. While the coin is not on a buy signal as of now, it should on traders’ watchlists, as a move out of the short-term pattern could trigger another leg higher in both the BTC and the USD pairas we expected after running into resistance near 0.0045 on the Bitcoin pair. While the coin is not on a buy signal as of now, it should on traders’ watchlists, as a move out of the short-term pattern could trigger another leg higher in both the BTC and the USD pair

Steem

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Steem/BTC, 4-Hour Chart Analysis

Steem is also right near the top 10 of the capitalization list following the break-out of a month-long consolidation just a few days ago. The coin surged above the prior high at 0.00075, and got close to 0.001 before entering a short-term correction. That said, Steem remains on a buy signal on the BTC pair, above the prior high. Although this is probably not the best point to enter an investment position, short-term traders could still ride the wave higher, despite the overbought readings on the MACD.

Siacoin

Siacoin/BTC, 4-Hour Chart Analysis

Siacoin is getting close to a possible entry point near the May highs on the BTC pair. Just above the 0.0000053 level, as the current short-trm consolidation pattern carried the coin back to the strong support/resistance zone. The MACD is approaching neutral territory, and although further consolidation is possible, a move out of the correction could set a up a rally towards the prior highs and above that to the 0.00000875 level.

Factom

Factom/BTC, 4-Hour Chart Analysis

Factom ran into resistance just above the 0.012 level yesterday, and it is now probably headed back to test the prior high just below the 0.010 level on the BTC pair. There is a convergence zone with the rising short-term trendline near that zone, which could provide a good entry point for short-term traders. The coin recently broke-out from a lengthy consolidation zone, which could serve as a base for further gains in the coming weeks.

Lisk

Lisk/BTC, 4-Hour Chart Analysis

Lisk exploded above its prior high this week, and quickly reached the 100% Fibonacci-extension resistance. The coin pulled-back off that level, but remains well above the 0.00075 break-out level, while it’s trying to establish a swing low. We expect more consolidation before a break-out above 0.0012, but as a support zone is likely to develop near the 0.00085 Fibonacci level, short-term traders could consider new positions in anticipation  of a break-out.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Comments
  • user

    AUTHOR jedadoo

    Posted on 3:10 pm June 7, 2017.

    Thank you! I like to see some analysis on some new coins and technologies available.

  • user

    AUTHOR hidemu

    Posted on 3:13 pm June 7, 2017.

    Don’t forget about XVG Verge

    • user

      AUTHOR Mate Cser

      Posted on 3:20 pm June 7, 2017.

      Thanks for the feedback! Will be included in the next article!

  • user

    AUTHOR muellerro

    Posted on 3:24 pm June 7, 2017.

    Very interesting coverage. Can anybody tell me how and where these coins be traded?

    • user

      AUTHOR Mate Cser

      Posted on 3:31 pm June 7, 2017.

      They can all be traded at Poloniex!

      • user

        AUTHOR muellerro

        Posted on 3:51 pm June 7, 2017.

        Thanks @Mate Cser!

      • user

        AUTHOR ezra

        Posted on 3:55 pm June 7, 2017.

        I live in NY and poloniex doesn’t work here do you know of any other platform that’s good?

        • user

          AUTHOR Mate Cser

          Posted on 4:46 pm June 7, 2017.

          Bittrex and Kraken also have a wide selection of altcoins!

          • user

            AUTHOR ezra

            Posted on 8:31 pm June 7, 2017.

            Thanks! yes i joined Bittrex just now. kraken also doesn’t seem to work in New York.

        • user

          AUTHOR kaifovo

          Posted on 5:21 pm June 7, 2017.

          In US i use coinbase.com to transfer money and then bittrex.com to trade above mentioned currencies. I’m in TX.

  • user

    AUTHOR cryptohub

    Posted on 3:47 pm June 7, 2017.

    Could you add XVG,ABY, RDD to your analysis

  • user

    AUTHOR Antaris

    Posted on 4:08 pm June 7, 2017.

    Hi Mate,could you please analize Aragon tokens ?
    Thanks for your great job over here !

    • user

      AUTHOR Mate Cser

      Posted on 4:42 pm June 7, 2017.

      Hi Antaris, We will include them soon1 Thanks for the feedback!

  • user

    AUTHOR Jorn van Hoorn

    Posted on 6:31 pm June 7, 2017.

    Thanx! What do you think of the fact there’s no cap on the Tezos fundraiser being conducted by the Tezos foundation?

  • user

    AUTHOR ankoorgupta9

    Posted on 7:26 pm June 7, 2017.

    What are the views on ARK , BAT, BCAP, Byteball, Gnosis

  • user

    AUTHOR Ershad

    Posted on 8:17 pm June 8, 2017.

    Hi Mate,

    Thanks for your analysis, I wanted to ask whats the target for Steem? Are we likely to sell $10 in the near future?

    Kind regards,
    Ershad

    • user

      AUTHOR Mate Cser

      Posted on 3:46 am June 9, 2017.

      Hello Ershad,

      I would say that it’s possible, but it’s still a long shot. My guess is late 2017.

  • View Comments (19) ...
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