Low Cap Altcoin Gems with 1000x potential
Two altcoins that may rise in price in April
Ravencoin is trading within a bearish channel and is giving signals of bullish divergence.
ADA has formed a triple bottom and weekly RSI signals bullish divergence.
Several altcoins have formed bullish patterns over the past week, followed by gains towards previous highs.
Combined with the falling dominance of Bitcoin, these signals speak in favor of further appreciation of alternative coins. In this article, we will look at two altcoins that we believe have the most upside potential this month..
Cryptocurrency trader @StackinVentures tweeted the Ravencoin chart and predicts the token will rally in the coming weeks. The price is in the region of record lows and has not touched the highs around 900 satoshi since last year. If the altcoin is not destined to reach these levels in the near future, then the rise in general seems quite likely.
With $ RVN at ATLs right now, it is hard to not want to take a stab at this chart… When she flies, she FLIES pic.twitter.com/7MMH4kTlqO
– Stacking Ventures (@StackinVentures) April 8, 2020
On the daily chart, Ravencoin has been in a bearish channel since July 2019. Since hitting support on March 13, the daily RSI has been giving impressive bullish divergence signals.
This indicates the readiness of quotes to rise in the direction of the 370 satoshi resistance line.
In the short term, the price follows the descending resistance line. Thus, the expected growth should take place as soon as the token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More will break this line.
Renowned trader @TradingTank points to upside potential for ADA, which has already broken through an important area that previously served as a resistance along with an important moving average.
$ ADA Flipped horizontal support + 200EMA. pic.twitter.com/YOjbOdhTrG
– Trading Tank (@TradingTank) April 8, 2020
The longer-term ADA chart shows an overtly bullish technical picture. The price touched the 440 Satoshi support for the fifth time, and the RSI on the weekly chart is giving strong signals of bullish divergence. In addition, whenever quotes reach this area, a long bottom wick forms on the charts, followed by a rebound in price..
RSI divergence signals on such long-term charts are a rather rare occurrence that, as a rule, portends an increase.
On short-term timeframes, the price has already broken through the descending resistance line, which increases the chances of a rally to at least the resistance line around 620 Satoshi.
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