An unbelievable day for cryptos. Bitcoin has set a new ATH at 4740 USD. Lets have a look at the 4 hour chart:
Comment: If you look at the trendline we might be forming a temporal peak here since we have almost touched the trendline.
Now, lets head over to Litecoin where we saw a new ATH again. The latest ATH is 69 USD. Here is the 4 hour chart:
Comment: Perhaps we could look at 70 for the next peak, but at this stage it could very well slam through that level as well.
Ok, my other favorite, Monero is kicking ass again today, at the moment Monero is up 5,2% at 141 USD. Here is the 4 hour chart:
Comment: Monero is technically looking strong, I dont see any weakness at this time and I would expect Monero to set a new ATH pretty soon.
So, lets head over to Crypto Watson and look for some buying candidates!
Here is the latest top 10 list:
Out of these 10 I have found 2 candidates. Lets begin with the first one and that is Redd Coin. Here is the daily chart:
Comment: Although Redd Coin is up 30% today it is still a buy since there is a lot of upward potential. Also, if you are lucky and wait some hours the price could quickly come back to fill the gap.
The last candidate for the day is OK Cash. Here is the daily chart:
Comment: OK Cash has formed a very attractive green candlestick today and in addition to the high volume and MACD crossover, I think this coin has some great potential, at least a 2x return on your investment.
Thats it for today, tomorrow it is time to analyze the monthly candlesticks and that will be crucial for us when we head into September.
Happy trading!