STEEM, AELF, Nucleus Vision Price Analysis March'19

CoinSwitch | 07 March, 2019 | 2 min

1) STEEM (STEEM/BTC)-Binance

Steem is a cryptocurrency token that has utility on the Steemit platform – an incentivized blockchain-based social media platform founded by Dan Larimer, who is also the founder of BitShares.

STEEM will be launching their MainNet on 24th March'2019 after the TestNet was released in the month of January'2019.

It might affect steem price analysis so let's analyze the Daily Timeframe chart of the pair to know levels to buy for upside potential and one of the best performing coins now.

STEEM/BTC pair has already seen a surge of 100%+ in December month and 50%+ in the month of February 2019.

There is a more potential upside for the pair with the upcoming catalyst (MainNet).

If the Pair breaks the preliminary resistance around 0.0001168-0.0001260 Satoshi, then one buy at these levels after the retest.

If the resistance is not broken then we can see the price reaching support level 0.0000900-0.0000835 satoshi where interested buyers can look for these levels to enter for safe entry.

If the 0.0000900-0.0000835 satoshi level is not respected then one can look for buying around 0.0000645-0.0000667 satoshi level with a tight stop-loss. Sellers can look for two potential resistance zone around 0.0001800-0.0002000 satoshi to book profits.

Also, it has been trading above the 200D-SMAs and Ichimoku cloud, which is slightly bullish.

Caution: If the last line of support 0.0000645-0.0000667 satoshi level is broken then one should not hold the coin as it would be strongly bearish for the asset.

2) AELF(ELF/BTC)-Binance

AELF (formerly Grid) main goal is to create a decentralized cloud computing network. AELF is a decentralized self-evolving cloud computing network. AELF provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance to establish a Blockchain infrastructure for various commercial requirements.

There is an upcoming MainNet launch of this project by the end of this month i.e around 31st March'2019 and could be one of the cryptocurrencies with upside potential.

It might affect AELF price analysis so let's analyze daily Timeframe chart of the pair to know levels to buy for upside potential.

ELF/BTC pair ranged for more than 2 months since November'2018 and finally broke out of range in the month of February'2019. It moved 50+% against BTC pair on Binance and has been under correction. But, it has the more potential upside for the pair with the upcoming catalyst (MainNet).

If the pair breaks the preliminary resistance around 0.00004830-0.00005000 satoshi level Satoshi, then one buy at these levels after the retest.

If the resistance is not broken then we can see the price reaching support level 0.00003495-0.00003721 satoshi where interested buyers can look for these levels to enter for safe entry.

If the 0.00003495-0.00003721 satoshi level is not held then one can look for buying around 0.00002835-0.00003000 satoshi level with a tight stop-loss. Sellers can look for two potential resistance zone around 0.00005000-0.00007000 satoshi to book profits. Also, it has been trading above the 200D-SMAs and inside Ichimoku cloud, which is slightly bullish with STOCH-RSI indicator in the sell zone.

Caution: If the last line of support 0.00002835-0.00003000 satoshi level is broken then one should not hold the coin as it would be strongly bearish for the asset.

3) Nucleus Vision (NCASH/BTC)-Binance

Nucleus Vision offers an IoT based protocol that lets retail stores identify users the minute they step into the stores and customers services for them.

There is an upcoming catalyst for the asset that is the launch of Nucleus' product in North America is scheduled for Q1, 2019 with an estimated 25,000 ION sensors deployed.

It might affect nucleus vision price analysis so let's analyze the daily Timeframe chart of the pair to know levels to buy for upside potential.

NCASH has been consolidating for more than 2+ months after moving down for more than 100+% since last year. There is an upcoming catalyst for the asset which might affect the NCASH/BTC pair in the coming days/weeks.

We can see the price reaching support level 0.00000039-0.00000042 satoshi where interested buyers can look for these levels to enter for safe entry.

If the 0.00000039-0.00000042 satoshi level is not held then one can look for buying around 0.00000032-0.00000029 satoshi level with a tight stop-loss.

Sellers can look for two potential resistance zone around 0.00000068-0.00000071 satoshi to book profits. Also, it has been trading below the 200D-SMAs and inside Ichimoku cloud, which is slightly bearish with STOCH-RSI indicator in the overbought zone.

Caution: If the last line of support 0.00000032-0.00000029satoshi level is broken then one should not hold the coin as it would be strongly bearish for the asset.

Conclusion

Overall, Altcoin market seems to be showing signs of upside potential but it depends on the Bitcoin price action as well so one needs to be cautious while being involved in altcoins.

Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.

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