Cryptocurrencies had one other troublesome week even because the US greenback index (DXY) and bond yields rally waned. Bitcoin dropped again to $26,000 whereas Ethereum slumped to the bottom stage in months. There was no main information besides the continued trial of Sam Bankman-Fried (SBF). This article appears to be like at a number of the high cash to observe like THORChain (RUNE), Loom Network (LOOM), and Lido DAO (LDO).
Loom Network value prediction
Loom Network value has defied gravity previously few months. It surged to a excessive of $0.300, ~670% above the bottom stage this month. It has turn out to be the best-performing cryptocurrency on the planet. Along the best way, the coin has jumped above the 50-day and 100-day shifting averages (MA).
At the identical time, oscillators just like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the extraordinarily overbought stage. It has additionally jumped above the Ichimoku cloud. This surge occurred after the coin was listed by the likes of Gate, LBANK, and Binance.
I consider that the chance/reward ratio will not be beneficial for now primarily based on the Wyckoff mannequin. In different phrases, the token has moved to the markup stage, the place demand is normally larger than provide. Therefore, it’s going to now enter the distribution section adopted by a markdown. As such, the outlook is now bearish, with the following stage to observe being at $0.15.
How to purchase $LOOM
Bitvavo
The Bitvavo platform was launched in 2018, with the aim to bridge the hole between conventional currencies and digital belongings. Bitvavo is making digital belongings accessible to everybody, by providing clear charges, a variety of belongings and a simple to make use of platform.
BKEX
BKEX is a centralized cryptocurrency change situated in British Virgin Islands. There are 254 cash and 415 buying and selling pairs on the change.
THORChain value forecast
The day by day chart reveals that RUNE value surged to a excessive of $2.26 on October 1st. It has now pulled again because the latest momentum light. This is an indication that it has entered the distribution section of the Wyckoff mannequin. It has additionally shaped an ascending channel and is now on the decrease aspect.
RUNE value has shaped a bearish divergence sample, which is normally a bearish signal. The Stochastic Oscillator has moved to the oversold stage. Most importantly, it has shaped a small hammer sample. This sample indicators that the coin will proceed rising as patrons goal the resistance level at $2.0. This view can be invalid if it strikes under the decrease aspect of the hammer at $1.50.
How to purchase RUNE
KuCoin
KuCoin is a world cryptocurrency change for quite a few digital belongings and cryptocurrencies. Launched in September 2017, KuCoin has grown into some of the widespread crypto exchanges and already has over 5 million registered customers from 200+ nations and areas. According to Alexa visitors rating, KuCoin’s month-to-month distinctive go to ranks the highest 5 globally.
Lido DAO value prediction
LDO value has been in a good vary amid a protracted sluggish progress within the liquid staking business. It has discovered a powerful help at $1.41, which is the decrease aspect of the descending triangle sample.
Lido DAO value is consolidating on the 50-day shifting common whereas the Stochastic Oscillator has moved to the oversold level. Therefore, due to the descending triangle sample, there’s a probability that it’s going to have a bearish breakout now that the triangle is nearing the confluence zone.
