Do you think you must have invested in Altcoins a bit before? Do you have any knowledge how
these Altcoins perform? Welcome back everyone, Hi, Investors! Welcome
back to Daily Crypto Facts to a new market update and today we are going to discuss with
you our top projects that we are going to focus on in June. Although it is the first
week of June, we can still get many massive opportunities right now to get interested
in the crypto markets because right now people are not so much interested and it’s a funeral
and people are very bearish on the markets and if you have been checking our update lately,
you can see that there is a conflict right now between bulls and bears. We are still
heavily interested in the cryptocurrency market, we are not expecting the bull cycle to be
over and we think we are granted those massive opportunities which you should be taking.
So we are going to discuss which coins we are heavily focused on right now. Do not forget
to subscribe below and also like this update if you like the content that we are making
here, and do not forget to comment if you want to see some special content in general.
So let’s get to the first coin that we are currently looking at which is Orion Protocol.
The reason why we are looking at Orion is not only based on the price action but it’s
also based on the fact that during heavy volatility Orion is not breaking down. What we have seen
during the crash is that finance and other exchanges were failing while Dex has had a
massive amount of fees that there that you had to pay, so in general Orion and a few
other ones as well are the focus that we have currently got regarding trading. But if we
look at the price actually, we can see Orion has made a very nice upwards move during the
previous part of the year, during the previous old season as well and now we can see that
we are making lower highs and lower lows, right? We are seeing a structure that is south.
What’s the idea right now with Orion and many of those other old coins is that you
are going to look at the most obvious endpoint of entry for any specific interest here, which
means if we get anywhere in this range, we are a heavy buyer and you can start to focus
on a bottoming construction as this was the reason breaker before we started to accelerate.
So usually what happens is that we see a pump to the upside and people start following it
and then it comes back down to the breaker before it starts to run heavily and then it’s
just accumulating south, in which we get something like this and then we start to make the new
upwards run. So the area that we have got our focus on is this green zone, one is the
critical breaker, that’s the reason we break it to the South which is between 2500 and
3000 sets. If that is going to break upside, you just buy the retest in which you are looking
at a scenario like this and then you are just buying the retest and we continue the momentum
and the next real target zone is 43 and most likely a new impulse wave. So we have got
Orion high on the list and the second one that we have got high on the list is Algorithm
and why is that? Well, there is still a group of Altcoins that are acting above the 100
days, 200 days amaze, and are ready to start their impulse wave. The previous example has
seen an impulse wave and there are still many Altcoins out there that are not yet running.
They still have more momentum to gain. What can we see on Algo? Well, we can see that
we are still holding the 100 days and 200 days amaze. We are also making higher lows,
which are showing us that we are still building up strength while we are accumulating as this
is just a sideways range. Second, the critical area that we should be
holding on for Algo, can be found here around 2500 sets. If that is holding here, we can
assume that we can see the continuation of the price action in itself. So you want to
see this green zone hold and then you want to see Algo break above 29 and then most likely
or at least 29 to 32 and then most likely we are going to see a big impulse wave to
the next breaker, which can be found around 5300. So we are still holding the 100 days,
200 days amaze, we are still making higher lows, we are still accumulating compressing
which means that an impulse wave is on the horizon.
The third one is a very similar structure in which we drop below 100 days to 200 days
amaze. But we have been holding a crucial support zone and we are holding or making
new higher highs, so Kaffa is the third one. And this one is showing a new yearly high
and it broke back above the 100 days, 200 days amaze and therefore shows a construction
that is eager to find continuation here towards the next resistance zone, as it’s still
also accumulating, it’s still a big group of coins, that are just accumulating here
that are ready for the next impulse wave. So once again, what’s the critical level
for Kaffa? Well preferably you want to see the previous resistance hold but overall you
want to see it sustained above the 100 days and 200 days amaze which is around 10K sets.
If that holds, we can see that we are making higher lows and then probably the next step
is a new higher high which should be granted not at this level but most likely around 19000
sets but we can see that we have got a breaker here too. So the next resistance zone to look
at is the area between 18K to 20K sets. So that could be a very interesting example of
what‘s next for the market. The fourth one is also breaking back above
the 100 days to 200 days amaze, and you can see that it's the same structure as with Kaffa
and Algo. It is just eager for a breakout out of this two-year accumulation range. When
it does it's going to make a very big move in general given the fact that such a long
accumulation range usually leads to a big impulse wave and we've seen that on XLM being
in a sideways range for a year broke south. But Atom is one of those coins just like Algo
just like Kaffa breaking back above the 100 days or 200 days amaze. you want to see the
critical support hold here, preferably, you want to see it hold above the 100 amaze in
general and then we can start targeting the resistance, the most likely cause is that
the more often we get to test this resistance zone here, it becomes weaker and then the
next run most likely brings us to seven and a half thousand sets. Then finally we are
still very bullish on the Oracle section in which chain link is the one making the moves
for the oracle section and the rest will just follow suits such as DIA, Link, Band and all
those Altcoins. We can see that chain tested the resistance at 100k sets but we couldn't
break through it and therefore we have we've got a very harsh breakdown an outlier to the
markets, and since then chain link has been flipping back above the 100 days and 200 days
amaze and therefore it's granting us a new opportunity because as long as the green zone
the critical level holds here, we can start assuming that we're going to have continuation
here. And then we're starting up a new bull cycle, as we can see that the 100 days to
200 days amaze critical for the markets to hold on to. So those are very important support
and those can be a very important buy zone as well, and we've had one test already. So
green has to hold if that is going to hold, we think we're going to have a continuation
in the coming period on those Altcoins in general.
So those are the coins that we are heavily interested in right now, if you do like our
content do not forget to subscribe beneath and also like this YouTube update we will
be back soon with a fresh new market update.