Since there is a noticeable possibility that the next Bullrun is right around the corner, I started to look at Altcoins which have a high potential for breaking out of there declining Bitcoin/Satoshi value. Therefore I would like to present 2 Coins which have a high probability to moon when we are finally seeing green numbers all the time, based on Technical Analysis.
#1 Ethos/BQX
The first Altcoin is called Ethos or BQX. We have seen this coin in a downtrend for over 4 months. Although the fundamental analysis implies a higher value than it is actually is traded for, BQX never achieved to break the descending trendline. We have now multiple signs indicating a possible breakout in the near future:
It seems to have found a bottom at the 27000 Satoshi range, since it stayed at or above this pricerange for over 3 Weeks from now. During the whole downtrend BQX never stayed at the same price for more than a few days.
The Daily RSI finally show a bullish divergence, by creating a higher low and following an ascending trendline.
The volume increased heavily since three weeks, although the price is basically not moving much. This indicates that people are accumulating a lot of Ethos right now.
A breakout of the descending trendline could possibly happen between the 14 or 17th of april.
#2 Substratum $SUB
Taking a look at the chart of Substratum's SUB token, one can clearly see some similarities to the BQX Chart. Sub also in a downtrend for 4 months now. Like Ethos, SUB shows some interesting facts regarding fundamental analysis. Check out the reasons why SUB is also very interesting at the moment:
Substratum already broke the descending trendline a few months ago. What we have now seen is already a higher high and possibly a higher low.
The Daily RSI is showing bullish divergence too, by building higher highs and higher lows.
Exactly like ETHOS, SUB seems to be heavily accumulated at the moment. Price is not moving a lot, but the volume is the biggest which Substratum have ever seen.
This is not investment advice, im not a financial advisor. Don't make any decisions based on the information given in this article
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