in this down Market we can see many opportunities to jump into a potential project but Traders May confuse that which altcoin to buy and which one to eliminate from their portfolio in today's video I'm going to share with you the top 10 best crypto coins to buy now in October 2022. Lou NC Terra classic had been trading above 0.00030 since September 29th but the up move had failed to pick up momentum that changed with a sharp rally on October 1st which pushed the price above the overhead resistance at 0.00033 however the Bears have not given up they sold the rise above 0.00033 and pulled the price back below the level on October 4th the Lou NC pair could find support at 0.00031 and then at 0.00030 if the price rebounds off either level the buyers will again try to clear the overhead hurdle if they succeed the pair could rally to 0.0004 on the contrary if the price breaks below 0.0003 dollars it will indicate that the pair could oscillate in a large range between 0.00028 and 0.00032 for a few more days xrp Ripple xrp dropped to 46 cents on October 3rd which is the pattern Target of the break below the descending triangle the Bears pulled the price below the support on October 4th but the Bulls purchased the dip as seen from the long tail on the day's candlestick the buyers are attempting to start a recovery that could reach the breakdown level of 48 cents if Bears flip this level into resistance it will suggest that the sentiment remains negative the sellers will then try to resume the downtrend and sync the xrp pair to the next strong support at 42 cents on the contrary if Bulls drive and sustain the price above 48 cents it will suggest strong buying at lower levels the buyers will then try to push the pair to 55 cents the Bears are likely to pose a strong challenge in the zone between 56 cents and 60 cents Saul Ana is trying to sustain above the 32 level the Bulls tried to push the price back above the breakdown level of 38 on October 3rd but the Bears held their ground this suggests that the Bears are trying to flip the 38 level into resistance if the price turns down and breaks below 34 dollars it will suggest the resumption of the downtrend the saw pair could then decline to 32 and later to the psychological level at 30 this bearish view could invalidate in the short term if buyers push and sustain the price above 38 dollars if that happens the aggressive Bears who may have entered short positions below 35 May rush to the exit that could result in a short squeeze and push the pair toward the overhead resistance at sixty dollars Ada the Bears tried to pull cardano below the support of 44 cents on September 28th and 29th but failed to sustain the lower levels this suggests that the Bulls are defending the support zone between 44 cents and 40 cents aggressively the Bulls will attempt to push the price above 60 cents if they manage to do that the Ada pair could rise to 69 cents and then to 74 cents the Bears are likely to defend this overhead Zone with Vigor contrary to this assumption if the price turns down from 54 cents it will suggest that the sentiment remains negative and Traders are selling on minor rallies the Bears will then make one more attempt to sink the price below the support Zone if they succeed the pair could signal the start of the next leg of the downtrend the next support on the downside is 30 cents Matic polygons up move in the past few days pushed the RSI deep into the overbought Zone indicating that the rally may have been overheated in the short term that may have attracted profit booking near the psychological level of one dollar the price could drop to 78 cents which is likely to act as strong support the rising 20-day Emma of 78 cents and the RSI in the positive Zone suggests that bulls have the upper hand if the price rebounds off 78 cents it will indicate that the sentiment has turned positive and the Bulls are buying on dips the Bulls will then attempt to push the price above one dollar if they succeed the Matic pair could rally to the overhead resistance at 1.20 cents a vax Avalanche has been trading between 16 and 18 for the past few days indicating a bottoming formation the 20-day Emma of 17.65 has flattened out and the RSI is just above the midpoint indicating a balance between the Bulls and the Bears if buyers Drive the price above the overhead resistance at 21 it will signal the start of a new up move the evax pair could rally to the pattern Target of 29 where the Bears May again mount a strong resistance if the price turns down from this level but does not drop below 21 it will suggest that a bottom may have been made at 16 contrary to this assumption if the price turns down from the current level and breaks below 17.65 it will indicate that the range-bound action may continue for a few more days ship the tight range trading in Shiba Inu resolve to the upside on October 3rd as the price broke above the immediate resistance at 0.000011 dollars the Bears tried to sink the price back Below 0.00011 on October 2nd but the long tail on the Candlestick indicates strong buying on dips the buyers will attempt to push the price above the stiff resistance at 0.000012 if they succeed it will indicate demand at higher levels the ship pair could then rally to 0.000014 where the Bears May again pose a strong challenge conversely if the price turns down from the current level and sustains below 0.000011 it will suggest that the breakout on October 3rd may have been a bull trap the Bears will then try to pull the price back below the critical support at 0.000010 if that happens the next stop could be 0.00009 eglrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding the project describes itself as a technology ecosystem for the new internet which includes fintech decentralized finance and The Internet of Things its smart contracts execution platform is reportedly capable of 15 000 transactions per second six second latency and a 0.001 transaction cost there's no real risk to elrond it's got great funding they're doing great with the payment aspect this is a fantastic project that will do well this project also has got a really good team great technology and the use cases are required they've made some fantastic Acquisitions egld is ranked 43rd and changing hands at 54.56 up 8 even in a bear Market zill ICA is a public permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second it seeks to solve the issue of blockchain scalability and speed by employing sharding as a second layer scaling solution the platform is home to many decentralized applications and as of October 2020 it also allows for staking and yield farming the risk reward ratio is really really positive for this particular project Zill is currently ranked 81st by market cap changing hands at 3 cents up four percent this project is going to do really well and is strong enough to survive in the bear Market qnt Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale without reducing the efficiency and interoperability of the network it is the first project to solve the interoperability problem through the creation of the first blockchain operating system this is an interesting project with great tokenomics it's going to do really well and people should definitely spend some time researching this project it has got good backup and qnt is ranked 35th by market cap trading at 141 up six percent and that's it before we go make sure to subscribe to the channel and click on the notification Bell smash the like button and I'll see you in the next videos
0 Comments