Good day Hiveians!
Join me in analyzing the crypto markets!
KOIN seems to be at a great buying price currently
- This is first of all due to the upcoming V3 testnet and mainnet release
- But also from a TA, KOIN looks like it could "moon"
1
V3 of the testnet is coming up which includes a "revolutionary" mana system; as far as I know this is basically just like what we have at Hive here. But still, it is still novel in the crypto space.
Mainnet on the other hand is scheduled for release sometime in Q2/3; at least the developers are promising a 2022 launch. At launch KOIN will be the only modular blockchain. For more info on this see their official website at koinos.io. Here is a flow chart which includes the upcoming and past releases.
2
Last month we had our last look at KOIN. In it I argued that we would see a further correction back to the 60 cents area which would mimic the first subwave seen in the chart. The first subwave had a correction of over 70% which is just about what we have seen for the second and current one.
With KOIN trading currently at over 50 cents, I think this could be a potential low for the correction. There are two trend lines which act as a good support at this level as well. Have a look at the chart here:
So why the confidence in the third potential chart seen here? It is based on the idea that we are in a "three wave bull market" which should be visible in just about every coin. In the above linked post I am expecting the market to peak at around summer of this year. If so, it would be plausible for the new ATH to be at the established resistance trend line seen above. This could be at around $15.
With Hive spiking and still on track to $5-$10, it might be a good opportunity to sell Hive for KOIN - but to be honest I'd just do that if I didn't have any KOIN as Hive is just as great ;) and so far better established.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅
Check out the Love The Clouds Community if you share the love for clouds!
⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅