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.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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