It should be no surprise to anyone that bitcoin has finally surpassed 6k this week. As the fork gets closer, BTC has earned validation that a 7K ATH might be possible. Alt-coins are being hit pretty hard by this BTC spike, but we can't think too short sidedly, with the upcoming BTG fork it's safe to assume after BTC's big pumps this week its gonna sit down to take a breath. This will undoubtedly give a strong and powerful start to Alt-season, so get your pockets ready. This will most likely be the best opportunity to buy your favorite alt-coins till the next big bitcoin fork in november. I've prepared some analysis on three coins ill be watching as potential big prospects for Q4 of this year. these are strong, undervalued projects that will most likely jump back on their horses to do some big runs in Q4.
- NEM (XMR) - NEM has corrected into quite a significant downtrend over the past couple weeks but is now treading in a strong support zone, if we take a look at its comparison to dollar and not bitcoin it's forming a tight flag. NEM has always notoriously followed fibonacci and is sitting right on the 23.6 percentile.
- NEO (NEO) - NEO is an absolute steal at its price right now. With anticipation that China will be re-opening regulated exchanges in November with NEO as their main trading currency, this could be huge. NEO currently sitting in the support area of it's 200D and less sell resistance closer to 38.2 fib, I truly believe it's set to make some big moves post fork.
- MONERO (XMR) - MONERO is extremely undervalued right now reflected by its price. Privacy coins are going to be the coins of 2018 and Monero being one of the grandfathers will definitely see some big advances.
Thanks for taking the time to read this, let me know what you think below. Also be sure to follow