Altcoins I feel will moon this alt season.

Altcoins I feel will moon this alt season.

By MadMaxx | Psycho Crypto | 18 May 2020


Hello, and welcome to another post.

Today I have done some analysis, and I am here to tell you the altcoins that I believe will moon when this alt season finally hits.

They have all been in a deep accumulation period, and when bitcoin cools down, they can pop and explode. Like, really explode.

Here are the cryptocurrencies I've been watching.

1. Ethereum

Obviously, I'm watching Ether. It's the second cryptocurrency by market cap, and it has numerous use cases. I have ether on my watchlist simply because it has been in an over 2 year accumulation period. Believe it or not, Ether has been trading below a yearly downtrend line for over 2 years now, since 2018. Should ether bounce to that line, flip it and close above it, there's nothing stopping ether's price till it gets to $300. 

 

2. IOTX

This isn't on the list of many people, but it's on my personal watchlist because if the same reasons as ether. It's been accumulating below a long downtrend line, and we should be seeing it pop at least 70% this alt season. These are just my personal numbers though and where I decide to take profits. It might pop even farther.

 

3. BAT

I've been collecting BAT since the March crash, slowly buying every single dip of its rising bottom trend line. I basically bought every return to its downtrend line, and haven't sold yet. BAT is more likely to break out once bitcoin cools A LOT down. That means definitely not soon. But soon enough.

I feel that this will be one of the runners this alt season. I mean, its accumulation phase has been since 2018, and its bounce back from that march crash was amazing to say the least. Definitely buying BAT.

 

That's my list. Will be adding a few more once my analysis is complete. What cryptocurrencies are you looking at for this alt season? Let me know down below.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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