3 Altcoins to keep if we go into a Bear Market

Since the recent Bitcoin's drop in price, you are scared to be invested in Altcoins but you are still afraid to miss out the altseason? Keep it easy with 3 Altcoins setups provided by Nova Blocks.

3 Altcoins to keep if we go into a Bear Market

Welcome to a new analysis of the altcoins cryptocurrency market, with NovaBlocks trading strategy.

The 3rd September, we experienced a Crash of Bitcoin. Indeed, the “King” broke down its trading range and we might have entered in a bear market.

We have been analyzing this recent Bitcoin move here.

Below you will find the list of 3 Altcoins to keep if a bearish scenario happens.

Please note that the order of the setups is totally random. If an altcoin is bullish and not in this list, it is probably because it is not suitable to my trading style.

AdEx (ADX)

ADX has fully retraced to its top range of 2020. 
The recent bounce shows the strength of this area (1300 sats).

This altcoin is good to keep if BTC enters in a bearish scenario and can easily target the 0.618 Fib Retracement at 2587 sat for a 100% profits.

Follow this idea on TradingView here.

Complete Trading Guide

Aion (AION)

On this H4 chart, we can clearly see a sideways channel between 850 sats and 1380 sats. This setup can easily be played out by buying the support area and selling the upside area of the range for 65% profits.

If the price breaks down this range, leave the trade.
If the price breaks up above 1380 sats, this could be a good opportunity to enter back.

Follow this idea on TradingView here.

Komodo (KMD)

This Daily chart of KMD shows a very strong accumulation of the coin in the green box.

This 600 sats area has been showing a strong bullish pressure. In first time, I would be targetting 1300 sats for +140% profits. This white horizontal line is an old daily support now turned into a resistance.

Follow this idea on TradingView here.

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The information above contains information on the cryptocurrency market, which is associated with high risks. These materials are presented for informational purposes only and in no way should be construed as a recommendation for the purchase or sale of the assets. Any person considering trading digital assets should seek independent advice on the suitability of any particular digital asset.

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