Cloud Hosting

The past week witnessed a massive decline in bitcoins price, which was accompanied also by a bearish wave that affected many altcoin markets. However, several altcoins surged last week to unprecedented levels. Ethereums price skyrocketed to record a new historical high of $407, before dropping down to $350 as this update is being written. Golems GNT price surged to 23,142 satoshis, before dropping slightly to 22,276 earlier today. Ethereum Classics ETC price increased to record 785,000 satoshis on Poloniex last Monday, before stabilizing around the 702,000 satoshi level, at the time of writing of this article.

So, what are the most promising coins for this week?

Bitshares surged last week to record a high of 17,675 satoshis, before the upwards trend was reversed taking price down to 9,500 satoshis. By examining the 4 hour BTSBTC chart from Poloniex and executing the Bollinger bands indicator, we can notice the following:

I recommend buying BTS between 11,661 and 12,200 satoshis and setting a sell order for the bought coins at 13,300 satoshis or even higher at 13,953 satoshis.

NXTs price surged last week to record a high of around 9,000 satoshis on Poloniex last Tuesday, before the markets bears pulled price down to 6,600 satoshis at the time of writing of this article. Lets examine the 4 hour NXTBTC chart from Poloniex, while executing the Williams Alligator indicator. We can note the following:

I recommend buying NXT between 6,500 and 6,800 satoshis and setting a sell order for the bought coins at 7,256 satoshis or even at 9,000 satoshis

Charts from Poloniex, hosted on Tradingview.com

About Dr Tamer Sameeh

View all posts by Dr Tamer Sameeh

Visit link:
Which Altcoins To Buy This Week (16th of June, 2017) - Live Bitcoin News