Altcoin Watchlist for December: 8 Alts That Could Break Out Soon
- Technical indicators suggest WOO, SUSHI, THETA, LINK, FET, COTI, MATIC, and OCEAN may rise in the coming weeks.
- A significant bullish technical flag was triggered on THETA’s daily chart over the past 2 weeks.
- LINK may be on the verge of a breakout as a symmetrical triangle pattern has emerged on its daily chart.
As the year comes to an end, several altcoins are showing signs of strong moves to the upside in the next few weeks. Specifically, Ocean Protocol (OCEAN), Sushiswap (SUSHI), Theta Network (THETA), WOO Network (WOO), Chainlink (LINK), Fetch.ai (FET), COTI and Polygon (MATIC) show signs of upcoming gains.
Ocean Protocol (OCEAN)
Technical indicators were flagging bullish for OCEAN after it was able to break above the $0.4350 resistance level over the past 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggested that the altcoin’s price may rise.
With the RSI line positioned above the RSI Simple Moving Average (SMA) line, buyer strength seems to have increased. Meanwhile, the MACD line was attempting to break above the MACD Sig…
The post Altcoin Watchlist for December: 8 Alts That Could Break Out Soon appeared first on Coin Edition.
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Altcoin Watchlist for December: 8 Alts That Could Break Out Soon
- Technical indicators suggest WOO, SUSHI, THETA, LINK, FET, COTI, MATIC, and OCEAN may rise in the coming weeks.
- A significant bullish technical flag was triggered on THETA’s daily chart over the past 2 weeks.
- LINK may be on the verge of a breakout as a symmetrical triangle pattern has emerged on its daily chart.
As the year comes to an end, several altcoins are showing signs of strong moves to the upside in the next few weeks. Specifically, Ocean Protocol (OCEAN), Sushiswap (SUSHI), Theta Network (THETA), WOO Network (WOO), Chainlink (LINK), Fetch.ai (FET), COTI and Polygon (MATIC) show signs of upcoming gains.
Ocean Protocol (OCEAN)
Technical indicators were flagging bullish for OCEAN after it was able to break above the $0.4350 resistance level over the past 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggested that the altcoin’s price may rise.
With the RSI line positioned above the RSI Simple Moving Average (SMA) line, buyer strength seems to have increased. Meanwhile, the MACD line was attempting to break above the MACD Sig…
The post Altcoin Watchlist for December: 8 Alts That Could Break Out Soon appeared first on Coin Edition.
Read More