altcoin

7 best altcoins to invest in 2022

welcome to first post of coinradio in this article we’re going to mention ten crypto assets for purchasing based on technical analysis . note: financial markets are risky and dangerous coinradio never take responsibilities for any loss or profit. ten altcoins that we are going to discuss are:

 

1. Dashcoin (DSH)

2. Litecoin (LTC)

3. Tronx (TRX)

4. Vechain (VET)

5. Ethereum (ETH)

6. Bitcoincash (BCH)

7. Ripple (XRP)

 

1. Dashcoin

dashcoin was fluctuating in side way Chanel for three months.

dashcoin candle stick daily time frame
movement between support and resistance

it would be great if we wait for 120 level and confirmation and then we can place our buy order.

  • stoploss level : 110
  • first target: 146
  • second target: 185

i considered targets based on Fibonacci retracements.

 

2. Litecoin

Litecoin has some interesting factors in common with bitcoin.

Now it’s been 4months that litecoin was moving in downtrend wave but in three days ago litecoin broke the top of the chanel, maybe it’s time to start an uptrend.

the best decision we can make is, to wait for two essential things.

pullback and confirmation, once the pullback and confirmation happens now it’s a suitable time for entry point.

litecoin daily timeframe candlestick

 

3. Tronx (TRX)

after three months of moving in sideway channel now we can hope to break up side of chanel,

as i mentioned before, just wait for pullback and confirmation

tronx daily timeframe candlestick

4. Vechain

as a matter of fact, vechain has a good foundation but in terms of technical it’s a little bit different than others.

it seems the vet is going to break the downtrend channel but it’s more likely to start another downtrend channel.

vechain daily time frame

 

5. Ethereum

Ethereum has been moving in a downtrend channel for 104  days and then finally broke the top of the channel now we should wait for confirmation to make sure this break-up is real and place our buy order.

Ethereum candlestick daily time frame

6. Bitcoincash

It seems bitcoincash has started the new channel

bitcoin cash daily time frame

after the correction wave we can find the proper entry point so just like the others we have to be patient and alert.

7. Ripple (XRP)

Finally, ripple broke the downtrend channel and started a sideway channel.

xrp daily candlestick

 

faraz

Hello my name is faraz. since I was 19 years i've been passionate about content writing. We aim to explain everything about crypto currency investing and we try to help you identify scam projects,

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