Hello guys,
Today we're going to talk about two coins that we believe are going to do good in the month of February and bag us a decent profit. So let's quickly have a look at our two picks which are also our favorite.
- METAL
A delisted coin from bittrex? Yes! Bittrex has already delisted a bunch of coins due to security reasons (SEC considering the tokens as a security) and metal was one of them which flash crashed after the news. But, we believe metal's reputation is still intact with the delisting from bittrex because they're already a proven hard-working team and their most hyped app known as "metal pay" is due for the launch in the month of February.
Talking about the technical aspect of the coin, let's quickly find out the possible entries and targets :
As we can see from the chart, the price has done correction after making a high of ~0.00068000 sats and currently trading at 44k sats. The RSI has broken out, MACD is also turning bullish and there's a decent spike in volume as well. We feel metal is ready for the upside from here considering the launch of "metal pay" in the coming days.
TRADE SETUP
BUYING RANGE : 0.00040000 TO 0.00044000
STOP LOSS : 0.00034000
TARGETS : 0.00050000, 0.00058000, 0.00068000
- WABI
"We place secure anti-counterfeit labels on consumer products in China and internationally
WaBi (蛙币) can then be used to purchase them."
Source : www.wacoin.io
Wabi is one of the few coins that actually have a working product and the team comes from China. The project is solid, very active and the team is highly dedicated.
Anyway, let's have a quick look at the price chart of wabi.
After making a high of almost 41k sats, the price started doing correction and now trading below 0.236 Fibonacci level. The price looks squeezed and trying to break the upper channel of a falling wedge. We have seen a decent accumulation with wabi and we feel it's ready for the reversal.
TRADE SETUP
BUYING RANGE : 0.00016000 TO 0.00017000 SATS
STOP LOSS : 0.00014000
TARGETS : 0.00023800, 0.00027900, 0.00032500
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
So guys please upvote this post if you like it and want to see more posts from us. Good luck! 😊
FOLLOW US HERE :
YouTube : https://www.youtube.com/channel/UCmYU8s_HUO2QYGQAERASMWA
Telegram : https://t.me/joinchat/HV9ggw-FUt1cOiwX_n7qow
Twitter : Check out Coin Authority (@CoinAuthorityOG): https://twitter.com/CoinAuthorityOG?s=09