In this article, We will discuss about top 5 altcoins to buy in March.
The Altcoins market is on rise since the starting of the year. Altcoins have recorded an average growth of 30% against bitcoin in last two months. Few altcoins like – LINK, RSR, HBAR have recorded over 75% growth in last two months.
4 out of 5 altcoins mentioned in our last month’s recommendation list has recorded an average 30% growth.
Let’s talk about the top 5 altcoins which you should buy in March
Bitcoin Dominance Update
Bitcoin dominance is currently trading in a symmetric triangle, and testing triangle support at 65%. Looking at the overall altcoins momentum, we are expecting Bitcoin dominance to break out from this support and reach 59-63% level in next few days. Altcoins should rise against bitcoin during bitcoin dominance drop.
Altcoins are breaking out from the accumulation range
Altcoins are currently trading in a 6-month long accumulation range, and few of them have already broken out from the accumulation range, and made new six month’s high.
For examples:
POWRLEDGER – POWR/BTC Broke out from the Accumulation Range and recorded 176% gain.
Kyber Network -KNC/BTC broke out from the six month accumulation range, and recorded 188% gain.
Top 5 altcoins to buy
Matic Network
Pair : MATIC/BTC
Current Price 0.00000286 BTC
Catalyst –
Main net launch by month end.
Technicals–
- Broke out from two months long accumulation Range.
- Trading above 50,100 and 200MA on daily timeframe.
- Trading in an uptrend channel.
Trade Signal-
Entries : 0.0000025 – 0.0000028 BTC
Exit : 0.00000350 – 0.00000400 BTC
Stop : 0.00000200 BTC
PERLIN
Pair : PERL/BTC
Current Price 0.00000400 BTC
Catalyst –
Main net launch by month end.
Technicals–
- Bullish crossover on MACD
- Trading above 50 and 100 MA on daily timeframe.
- Trading in an uptrend channel.
Trade Signal-
Entries : 0.00000350 – 0.00000400 BTC
Exit : 0.00000550 – 0.00000650 BTC
Stop : 0.00000300 BTC
CVCBTC
Pair : CVC/BTC
Current Price 0.00000365 BTC
Catalyst –
NA
Technicals–
- Bullish crossover on MACD
- Trading above 50, 100 and 200 MA on daily timeframe.
- Broke out from two months long accumulation range.
Trade Signal-
Entries : 0.00000320 – 0.00000370 BTC
Exit : 0.00000500 – 0.00000600 BTC
Stop : 0.00000270 BTC
THETA
Pair : THETA/BTC
Current Price 0.00001510 BTC
Catalyst – Main net launch by the month end.
Technicals–
- Bullish crossover on MACD
- Trading above 50, 100 and 200 MA on daily timeframe.
- Broke out from Bullish Pennat.
Trade Signal-
Entries : 0.000012 – 0.000015 BTC
Exit : 0.000022 – 0.000025 BTC
Stop : 0.000010 BTC
LOOM
Pair : LOOM/BTC
Current Price 0.00000283 BTC
Catalyst –
NA
Technicals–
- Bullish crossover on MACD
- Trading above 50, 100 and 200 MA on daily timeframe.
- Broke out from 4-months long accumulation range.
Trade Signal-
Entries : 0.00000240 – 0.00000280 BTC
Exit : 0.00000400 – 0.00000500 BTC
Stop : 0.00000200 BTC
Disclaimer:
Altcoins listed in this article are based on the author’s research. Author is not holding any of these altcoins. Always do your own research before investing in any cryptocurrency.
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