Today our choice fell on three interesting projects that have great growth prospects and on which you can make money in the cryptocurrency market. It’s about Tron (TRX), ATA, ICP. All coins have different charts, but the common feature is the desire to grow, we will take it step by step.
TRON (TRX) – the main target for the growth is $0.9
The trading week on the TRON (TRX) market ended with an unsuccessful attempt by sellers to continue the fall wave without correction and fix below the liquidity range of $0.59-0.62. Having used low volumes to continue falling, sellers were able to touch the mark of $0.46. However, the weekly candle closed at almost $0.65, creating a false breakout of $0.59-0.62.
This fact testifies to the local weakness of sellers below the range of $0.59-0.62. The first local pivot point for sellers to continue the downward trend is in the range of $0.67-0.68. On the daily timeframe, it is clearly seen that it was after the breakdown of this range down that sellers were able to lower the Tron price by 30% in 2 days:
Besides, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.67-0.68. Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of 0.67-0.68 upwards and expect a retest of this liquidity zone from above, or wait for a local price fall to 0.59-0.62 and buy in this range.
Why is there a high probability of a new fall wave in the TRON (TRX) market in a local perspective?
Firstly, do not forget that although the fall wave in the TRON market, which began in May, has slowed down, a clear TRX price channel fall is visible on the chart.
Secondly, the daily chart shows that on 23-24 June, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candles and volumes.
Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes.
This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to update the previous low. In this case, the main target of buyers is in the range of $0.9. Though, if recently the TRXUSDT price could do it in a few days – now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins.
This is our main scenario for now. However, if buyers cannot keep the range of $0.59-0.62, we will expect the continuation of a powerful fall wave with the target of $0.37-0.39.
P.S. – our previous TRX forecast completely worked out:
ATA – a crypto pie near a delicious shopping zone
We decided to update the forecast on a larger timeframe to make it easier to view.
The most likely scenario is now a long-term consolidation in the shape of a triangle, so that buyers and sellers decide which of them is stronger and where the price should move.
As part of the consolidation, the ATAUSDT price may grow first to $0.71 and later to $0.93.
The situation on the chart may get negative if the ATAUSD price drops below $0.43. In this case, the ATA cost can fall to $ 0.23-0.25.
Summarizing, we can say that now the ATAUSD price is near an interesting zone for long purchases. If you buy ATA in long on the spot, without leverage, then the stop is below $0.43-0.40 within the acceptable risk framework and the profit / loss ratio per trade.
P.S. The previous idea for ATAUSDT worked out the first part of the forecast: falling from $1.22 to $0.43.
Who listened to our thoughts and bought in the zone of $0.40-0.50 it’s good for you.
ICP has found the bottom and is ready to grow to $130
Although The Internet Computer was founded in 2016, life was breathed in it in late 2020 with the launch of the alpha network.
On 10 May, 2021, a global decentralized Internet computer with open source was launched.
Each ICP service token holder can control the global Internet computer.
This coincidence of news and action helped the ICPUSDT price soar to $600, but since then the price has been falling non-stop for 1.5 months.
And yesterday, on 27 June, high volumes appeared on the chart, which can theoretically be regarded as a signal that the bottom has been stumbled.
If this is the case, then buyers should not be allowed the ICPUSD price to fall below $30-34 in the coming days.
Confirmation of the strength of buyers can provoke further growth in the ICPUSDT price to the zone of $110-130.
A price decrease below $28-30 may provoke a continued fall in the value of the ICP token in search of a bottom, and the next level for a rebound may be $10-11.