Hey all! Wassup?
Today we will be talking about two coins to watch out for.
Reason: They are currently gaining attention because of the community voting going on #Binance.
Check their official link for more details:
https://www.binance.com/en/vote
They are $TT and $MDT
(we are skipping the fundamental part as of now, we will cover that in future blogs, right now we are sharing something what may be a good trading opportunity.)
$TT or Thundercore (https://www.thundercore.com/):
As we can see, ThunderToken is currently leading with 42739 votes
and MDT is lagging with 18909 votes. (at time of writing)
Both the coins are potential candidates, I'd say they are a good selection, so lets see what they are all about!
ThunderCore is a leading public blockchain with its own native currency. Our servers are entirely trustful, decentralized, fault tolerant, and set a new standard of reliability and security.
Do check out their website for more detail!
So here's what we think!
On analysing the daily chart, we can see that it is currently attempting to break out, and is almost successful in doing so.
It is currently trading around 0.00000076 BTC
If the daily closes above the structure, (0.00000072) it will be bullish signal from our end. Currently it can be traded on Huobi.
We are sharing the chart below! you can check it. We will give you one more update post listing :)
(Ticker: $TT)
Keep eyes on it!
The next coin:
$MDT or Measurable Data token: (https://mdt.io/)
This is another coin with their native wallet MyMDT , which is a Dapp based on Ethereum that allows users to get rewarded for sharing anonymous data points. It's the user-oriented portal in the MDT ecosystem.
Do check their official site for more details!
It can be traded on Bittrex and Okex.
On checking Bittrex charts, we can see that its pretty much volatile with some occasional wild pumps.
We are sticking with the Okex charts as of now:
On analysing the 1D timeframe, we can see that it is currently facing a resistance around 0.000001312. BTC
On breakout, it will be bullish.
$TT/BTC
4H chart:
Major support around 0.00000066 Btc
Next immediate resistance: 0.00000085 Btc. (above this it will be bullish)
Our target is around 0.00000125 Btc (if all goes well, and we are planning to hold with stoploss)
point to note: It made a higher high on 4H, which is pretty bullish.
Current RSI is around 85, which looks a bit overbought, so buyers may wait for a pullback.
$MDT/BTC:
4H chart:
Resistance around 0.000001330
Major support around 0.000000510
Above 1400 will be bullish.
RSI on 4H is currently around 45, and is making a series of lower lows, which doesnt look good (in short term)
But keep eyes! Especially if it breaks above.
Summary:
We would ask you to watch out for $TT, The daily/weekly structural breakout looks interesting. :)
Do let us know what you think!
Upvote and share if you like.
We will be posting more interesting stuff soon!
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https://twitter.com/beehivetrader