New Altcoin Hits The Market! – Appcoins Mooning Early In 2018
We have a new Altcoin on the market in 2018 called Appcoins! This new cryptocurrency is centered around phone apps, and already has 200 million active users. Released early in January on Binance, this altcoin has what it takes to moon!
In this video we take a look at this new crypto, as we continue our never ending search for the best altcoins to buy in 2018. Is this coin a top Crypocurrency this year? We don’t know yet, but I’m sure we’ll soon find out.
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Recently, we saw a declining pattern in bitcoin gold price from the $300 swing high against the US Dollar. The price traded below the $280 and $250 support levels and moved closer to the $200 handle. A low was formed at $207 from where the price started an . It has moved above the 50% Fib retracement level of the last decline from the $275 high to $207 low.
However, the price is struggling to move above the $260 resistance level. Moreover, the 61.8% Fib retracement level of the last decline from the $275 high to $207 low also prevented gains. It seems like there is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD. The triangle resistance at $255-260 is a major . On the positive side, the price is currently above $240 and the 100 hourly simple moving average.
On the downside, there is a connecting trend line with support at $240. Therefore, it seems like the pair is approaching a breakout either above $255 or below $235. Above $255-260, the price could trade higher towards the $300 level. On the other hand, below $235, the price could retest $200.
Looking at the technical indicators:
Hourly MACD – The MACD for BTG/USD is slowly moving in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is moving higher towards the 70 level.
We have a new Altcoin on the market in 2018 called Appcoins! This new cryptocurrency is centered around phone apps, and already has 200 million active users. Released early in January on Binance, this altcoin has what it takes to moon!
