Analyzing the on-going algorithmic currencies: Stratis, Steem, Siacoin, Factom, Lisk

in #steem7 years ago

A wave of emerging stars seems to be appearing in the electronic money market with frequent frequencies, as the ICO on most of the field and between some projects are supported by the news. benefits or market transactions. These currencies provide a very good opportunity for investors to make money, but it should be noted that the risks associated with them are of course higher, so be careful if you intend to trade and trade. altcoin

Today, we will point together five currencies are going up dramatically impressive.
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1. Stratis

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Stratis has rolled out a new $ 1 billion market capitalization recently, competing fiercely with its rivals for the seventh place, according to data from CoinMarketCap. If you remember well, you will realize that Ethereum also hit the milestone of $ 1 billion earlier this year before exploding to about $ 25 billion at the moment. After the unexpected growth last week, now Stratis has begun to consolidate itself due to the impact of the hedge against the level of 0.0045 on the chart. There are still no buy signals but investors should always pay attention to this currency because a shift out of short-term phenomena can create changes in both exchange rates with BTC and USD.

2. Steem

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Steen is currently close to the top 10 altcoin after having escaped the consolidation of the price last month. The currency broke its old record of 0.00075, approaching 0.001 before encountering a short-term correction. However, the buy signal is still maintained on pair Steady / BTC. Although this is not a suitable position to enter the market, short-term traders are still gaining momentum from Steem's rise, despite overbought on the MACD.

3. Siacoin

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Siacoin is approaching a possible entry point on the exchange rate chart compared to the BTC. Just above the level of 0.0000053 there is a short-term consolidation pattern that is bringing the currency back to the strong resistance zone. The MACD is approaching the neutral line, and although the possibility of a consolidation is possible, a sudden shift may trigger a rebound or even surpass the previous high. and move to the threshold of 0.00000875.

4 Factom

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Factom encountered an obstacle above 0.012 two days ago, and maybe it is trying to get past the previous high of 0.010. There is a convergence area near the rising trend line, which gives short-term investors a good chance to enter the market. Factom has just emerged from a longer consolidation, thus laying the foundations for the next round of growth.

5. Lisk

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Lisk exploded above its highs earlier this week, quickly reaching the barrier of Fibonacci retracement. The currency then retreated from above, but remained above 0.00075. Lisk is expected to continue to consolidate before moving above 0.0012, but as a support area may be formed around 0.8585, short-term investors should consider revising their positions. The market is aiming to prevent a new explosion.

Thank you

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