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!
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
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
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.
If I want to get started do I have to buy Steem or something?
No, you can just sign up and start contributing and curating by upvoting.
If you think Steem is a great idea you could buy Steem and then convert it to Steem Power, effectively buying into the Steem organisation and network, but it's not necessary to do any of that. You can get rewards just by signing up and contributing to it like any other social media site.
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.
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