Recently Bitcoin has been showing some signs of weakness. This is excellent news for many other brands of crypto tokens. These competing tokens have been severely beaten this year as Bitcoin – dominant cryptocurrency – fiercely ventured forward, leaving no land unconquered.
This may be an opportunity for the smaller crypto brands in the arena to bloom. This could even be a chance for a few them to try and move to a pole position.
Basic Attention Token, Verge, and VeChain are three cryptocurrencies that we have identified as potential candidates that are very cheap to buy right now. These can be considered as the hidden gems of the crypto market right now. Their signals indicate that they are an excellent choice for future pole position holders, but please bear in mind that this is not investment advice and this report is only intended for informational purposes.
Basic Attention Token – Bottom Signal Flashed (BAT/BTC)
Basic Attention Token is a reliable, low-cost candidate. Aside from the climb to 0.000094 BTC on 21 April, it has traded in a well-defined range. From December 2017, this crypto has moved between range support of 0.000023 BTC and a range resistance of 0.000056 BTC. The midpoint is at about 0.0000395 BTC.
We believe that this could be a reasonably easy trade because the cryptocurrency respects our range support of 0.000023 BTC. Additionally, it flashes bullish divergence and some oversold signals. If you opt to invest long term, buy as close to 0.000023 BTC as you can. Our targets would be 0.0000395 BTC and 0.000056 BTC.
Verge – Trades at Historic Lows (XVG/BTC)
Verge’s great crypto hardship could be coming to its end. We forecast this as the market seems to have completed its cycle. On 23 December 2017 0.00002 BTC was posted – this was an all-time high. Then on 16 July 2019, the token plunged to 0.00000053 BTC. That translates to a fall of 97.4% over 19 months.
Mostly, Verge has relinquished all of its gains from 2017. The expectation is that it could bottom out here or, worst case, cease to exist entirely.
Fortuitously, technical indicators show that the Verge could survive and commence a new market cycle. To date, bulls confirm thoughts at 0.0000005 BTC. Additionally, the daily RSI shows a long bullish divergence. As you know, these signals are those of a market entering the accumulation phase.
If you want to buy, purchase as close as you can to 0.0000005 BTC. Targets are at 0.000001 BTC and 0.0000015 BTC.
VeChain – Multiple Reversal Signals Seen (VET/BTC)
VeChain is displaying powerful reversal signals. Reviewing its daily chart, it has been noted that this cryptocurrency is trading at close to the bottom of a continually falling trend.
More prominently, it shows signs that it is ready to remove any diagonal resistance of the slope. Also, technical indicators are favoring the divergence. Looking at the daily RSI, we have noted a long bullish divergence. This indicates that momentum has been gathering for some time. VeChain could ignite in a big way very soon.
On 25 June the capitulation volume was the largest that has printed. Again, another reliable indicator that tells us that the dip has already been and gone. To validate our findings, VeChain needs to reclaim 0.0000006 BTC and transform it into robust support. Should that happens, bulls divergence will easily hit 0.000001 BTC.
There are many cryptocurrencies to choose from, and we have found three that are signaling good times ahead. We recommend that you use this report to understand how to read the market signals and make your own crypto investment decisions on cryptocurrency, at a time when Bitcoin is starting to flag.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.