BeInCrypto takes a have a look at the seven altcoins that elevated probably the most throughout final week, particularly from Nov 12-19.
These altcoins are:
- WAX (WAXP) : 67.30%
- The Sandbox (SAND) : 62.80%
- Crypto.com Coin (CRO) : 49.40%
- Avalanche (AVAX) : 28.60%
- Decentraland (MANA) : 26.78%
- IoTeX (IOTX) : 16.45%
- Enjin Coin (ENJ) : 6.73%
WAXP has been transferring upwards at an accelerated price since November 11, when it bounced on the earlier all-time excessive resistance at $0.48. In a span of solely six days, WAXP elevated by 106%. This led to a brand new all-time excessive value of $0.99 on November 17.
The excessive was made proper on the 2.61 exterior Fib retracement resistance stage at $0.98. Such Fib ranges are used to find out the following closest resistance ranges as soon as a token reaches a brand new all-time excessive.
If the continued rejection continues, the closest help space is at $0.72. The help is created by an ascending help line in place since Oct 28. So long as the road is in place, the bullish construction stays intact.
Alternatively, the following resistance is at $1.28.
The Sandbox (SAND) has been transferring upwards since November 16. After three days, it reached a brand new all-time excessive value of $4.69. This amounted to a rise of 106%.
The excessive was made simply above the 1.61 exterior Fib retracement resistance stage.
If the token continues to extend, the following resistance can be at $5.76. That is the two.61 exterior Fib retracement stage.
CRO has been transferring upwards since October 28. The upward motion led to quite a few all-time highs, beginning on November 5.
Initially, the token struggled to maneuver above the 1.61 exterior Fib retracement resistance at $0.39. Nonetheless, it was profitable in transferring above it on November 13. This led to a brand new all-time excessive value of $0.587 on November 18.
If the token continues to extend, the following resistance can be at $0.77.
AVAX has been transferring upwards since October 12, when it validated the $57 horizontal space as help (inexperienced icon). Beforehand, the identical space had acted because the all-time excessive resistance since February 10.
On November 18, AVAX reached a brand new all-time excessive value of $110.
The subsequent closest resistance space is at $125. That is the two.61 exterior Fib retracement resistance stage.
MANA has been rising since November 16, when it bounced on the $2.82 horizontal help space. This created an extended decrease wick, an indication of shopping for stress.
On November 18, it broke out from the $3.60 horizontal resistance space and proceeded to achieve a excessive of $4.32 the following day.
Because the all-time excessive of $4.94 solely left a wick in place, there isn’t any extra resistance left for the token.
IOTX has been reducing alongside a descending resistance line since November 4, when it reached an all-time excessive value of $0.49.
To date, it has made 4 makes an attempt at breaking out, all unsuccessful (purple icons).
Nonetheless, resistances get weaker every time they’re touched. Due to this fact, an eventual breakout from this line can be doubtless.
If one happens, the following closest resistance can be at $0.38.
ENJ has been transferring upwards since breaking out from an ascending parallel channel on November 1 (inexperienced icon).
Nonetheless, it failed to maneuver above the $3.50 horizontal resistance space on November 7 (purple icon) and has been reducing since. That is the ultimate resistance space previous to a brand new all-time excessive.
If the downward motion continues, the resistance line of the channel is anticipated to behave as help as soon as extra.
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