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Trade Recommendation: Monaco

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The price bounced from the reversal zone formed by SMA50 and the support levels. RSI confirmed price reversal. MACD supports upward movement and DMI allows opening long trades. Buy orders can be placed at 0.028500 level with stop at 0.020500 level. Profit targets are 0.036000 and 0.045000 levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: MCOETH
Buy: 0.028500
Stop: 0.020500
Profit Targets: 0.036000 and 0.045000

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Monaco.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.3 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




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Cryptocurrencies

Crypto Market Cap Turns Green as Signs of Tepid Recovery Emerge

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With the exception of bitcoin cash (BCH), all major cryptocurrencies traded in positive territory on Sunday, offering mild optimism that the worst of the bear-market rout had passed. Coins with established use cases in traditional finance – XRP and Stellar Lumens – were clearly outperforming the market.

Market Update

The combined value of all cryptocurrencies peaked at $186.3 billion on Sunday, some $11 billion higher than last week’s swing low. At the time of writing, the total market was valued at $185.3 billion on daily trade volumes of $13.1 billion, according to CoinMarketCap.

Bitcoin, the leading digital currency, rose 1% to $5,600. BTC briefly bottomed below $5,200 at the height of the selloff last week.

XRP was by far the best performer Sunday, gaining 6.7% to $0.5129. In doing so, it extended its lead over Ethereum as the world’s second-largest cryptocurrency. The XRP market cap is currently valued at $20.7 billion compared with $18.1 billion for ether. The so-called “flippening” has occurred at various points in recent months but was solidified earlier this week a XRP held up better than its competitors.

Looking further down the leader board, Stellar XLM gained 3.9% to $0.2513. Monero XMR, a leading privacy coin, rose 3.3% to $0.0615.

Crypto prices plunged by as much as $37 billion last week, marking one of the worst selloffs since the bear-market began earlier this year. The slump immediately followed the pump for the bitcoin cash hard fork, which drove the BCH price on a wild roller coaster consisting of 50% gains followed by equivalent losses.

The bitcoin cash price was down 1.8% on Sunday to trade at $383. The fourth-largest cryptocurrency was trading north of $630 earlier this month.

$HODL

Regulators in Switzerland have approved the first-ever cryptocurrency exchange-traded fund (ETF), offering investors more options to buy and hold virtual currencies without the added risk. Beginning this week, the Amun Crypto exchange-traded product will begin trading on the Six Swiss Exchange under the ticker symbol HODL. The Six Swiss Exchange is Europe’s fourth-largest stock exchange.

The fund is comprised of five cryptocurrencies, with nearly half of its total holdings allocated to bitcoin. About one-third (30%) is allocated to XRP and the rest are put toward Ethereum, bitcoin cash and Litecoin.

The launch of a European crypto ETF shines the spotlight back on the U.S. Securities and Exchange Commission (SEC), which is expected to rule on a high-profile bitcoin fund application before the end of the year. While the U.S. securities regulator has already rejected more than a dozen bitcoin ETF proposals, market observers believe the application proposed by VanEck and SolidX has the best chance of being approved.

What sets the VanEck proposal apart from the competition is the structure of the fund itself, as well as comprehensive insurance designed to protect investors against the potential loss or theft of bitcoin. The fund is “physically” backed, which means it will be based on actual bitcoin and not futures contracts.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 666 rated postsSam Bourgi is Chief Editor to Hacked.com, where he leads content development for one of the world's foremost cryptocurrency resources. Over the past eight years Sam has authored more than 10,000 articles and over 40 whitepapers in the fields of labor market economics, emerging technologies, cryptocurrency and traditional finance. Sam's work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Contact: sam@hacked.com Twitter: @hsbourgi




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Digitex Futures (DGTX) Price Jumps 50% as Zero-Fee Exchange Nears Beta-Launch

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Digitex Futures (DGTX) saw a 50% price increase from Saturday through Sunday, as Q4 launch date for its decentralized futures exchange draws near.

According to the project website, over half a million traders have already signed up to the waiting list to be part of the exchange when it launches. While a hard date hasn’t been set, the Q4 roadmap goal for the beta-launch appears to be on schedule.

DGTX launched in early 2018 and climbed to 1,594% gains over the summer months, although the market descent into Q3 wiped much of those gains off the ERC-20 token.

DGTX Token Price

The value of DGTX had been falling since early October, and lost 50% of its value by the time November came around.

Things started to turn around a few days ago in the wake of the market crash, and the token kickstarted a growth spurt which amounted to over 55% in three days.

The previous twenty-four period saw the majority of the gains, as the token climbed from $0.050048 up to $0.075170- almost exactly 50%.

That was enough to return DGTX to the market cap top-hundred after a long absence, and it was all achieved by trading on just two exchanges – Mercatox and HitBTC. Over 75% of trades came against ETH, while the rest was made up by BTC and USDT.

What Is Digitex Futures?

According to the project’s documentation, Digitex Futures is a cryptocurrency futures exchange which allows for zero-fee trading, and decentralized fund control. All funds on the exchange are transferred into DGTX, and are then held in an autonomous Ethereum smart-contract, which the operators of the exchange have no access to.

Trading fees are apparently circumvented by the yearly issuance and sale of a small number of DGTX tokens – which new traders will require to use the exchange. Also, 20% of the token sale funds are overseen by autonomous trading bots, whose job it will be to increase liquidity and make markets.

The project was created by Adam Todd, a former professional gambler who gained fame for his winning streaks on the UK-based Betfair trading platform. Todd is also a programmer who created the BetTrader software which enabled one-click betting, and eventually attracted over 25,000 users.

An FAQ was recently released which further elaborates on the mechanics of the exchange. Meanwhile, Hacked’s parent site CCN conducted an interview with founder and CEO Adam Todd in early November, which also touches on the exchange, and the token’s inner workings.

The token continues to climb moving into Sunday afternoon as trade volume continues to rise past $800,000 – up 100% from the $400,000 sum earlier on Saturday.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 90 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Stellar Price Analysis: XLM/USD Pullback Means Bulls Can Run Free

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  • XLM/USD has seen the required retest of the broken pennant pattern, leaving the door open to greater upside.
  • Technically the price developments appear to be stacked in the favor of the bulls.

Recent Price Developments

XLM/USD daily chart

Stella’s XLM is on its way back up to the north. XLM/USD is running at two consecutive sessions in the green. The price having gained over 17% in the past three sessions, moving back into a bullish trend. Given the recent technical price developments, this current push higher could prove to be sustainable in efforts for a longer-run.

XLM/USD had initially been moving within a pennant pattern structure; this was the case from June until early November. The price was contained within for 19 weeks, a long period of consolidation, after the heavy sell off from April up to June. Furthermore, as seen from the daily chart view, bulls managed to break free and close above the mentioned pattern on 4th November.

The market bulls went on to drive the price to its highest level seen since 24th September, jumping above the $0.28 territory. XLM/USD found its somewhat exhausted, after running into some known strong resistance. This was and still is notable at the 61.8% Fibonacci, the price had also faltered here during the run seen at the back end of September.

Given above-mentioned rejection at the 61.8% Fibonacci, XLM/USD was sent back south. The price was forced to retreat on top of the breached pennant pattern. This move, as described, playing out to the textbook. A breakout to the upside was seen from the pennant, which the retest having now been seen. As a result, a move which is now very likely to invite further buying pressure.

Upside Targets

The first major challenge for the bulls, will be to break down the $0.28 price territory. As mentioned above, the area that has caused an issue the past two occasions, where the price has met with the resistance. Should the bulls manage to gain enough momentum, a break will likely be seen. This could bring in play a return to $0.30.

Further to the north, eyes will be on the $0.35 area and beyond. XLM/USD was last seen up at these heights in the back-end of July. It had peaked here on 26th July, before then entering quite a steep bearish trend. The price had fallen a chunky 45%, up until the early part of August, where some stabilization then formed.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 54 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

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