APPC - I Heart Altcoins
Updated
(Trade this coin on Binance from the link in my signature below
APPC is another coin that I know nothing about. But, I looked it up and it has a nice webpage. I like projects that have spent the time on a good webpage because at least it's marketable, and this space is all about marketing right now.
Appcoin also has a total supply of 450,000,000 and at its current price of ~$1.42 it has a market cap of ~148MM.
livecoinwatch.com/price/AppCoins-APPC
ICX by comparison has a supply of 400,000,000 and is currently selling for ~$7+.
I think APPC has a nicer webpage than ICX.
APPC is also at a very low price in its very short history. Stoch is oversold, negative momentum is starting to taper, and volume is still decent, yet not high, at 1400BTC. This is good because it means the coins low price is not a result of heavy unloading.
APPC with a modest target retrace to the 0.236 at 26.7k Sats would yield a risk-to-reward ratio of 3.94 pending a stop below the "all-time low".
I think this is one of the jucier potential trades on Binance right now.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
APPC is another coin that I know nothing about. But, I looked it up and it has a nice webpage. I like projects that have spent the time on a good webpage because at least it's marketable, and this space is all about marketing right now.
Appcoin also has a total supply of 450,000,000 and at its current price of ~$1.42 it has a market cap of ~148MM.
livecoinwatch.com/price/AppCoins-APPC
ICX by comparison has a supply of 400,000,000 and is currently selling for ~$7+.
I think APPC has a nicer webpage than ICX.
APPC is also at a very low price in its very short history. Stoch is oversold, negative momentum is starting to taper, and volume is still decent, yet not high, at 1400BTC. This is good because it means the coins low price is not a result of heavy unloading.
APPC with a modest target retrace to the 0.236 at 26.7k Sats would yield a risk-to-reward ratio of 3.94 pending a stop below the "all-time low".
I think this is one of the jucier potential trades on Binance right now.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Apparently the APPC team has burned the unsold tokens and circulating supply is actually 246,000,000. This makes this coin an even better buy at current prices.Note
Still patient on this coin. It's round bottoming and stabilizing on the hourly and still looks good on the daily. Heading into Kumo resistance while trading sideways. Stoch is down, price is not.
Easier to trade these coins on longer terms with wider stops, for sure.
Note
Liftoff finally. Note
Excellent recovery after pullback. Note
So for APPC I'm thinking based on the size of the original breakout, the length of the retracement, and the tapering sell volume now that price is at a double bottom that we may have just had the MM do a test pump, which means I'm still holding this trade for now. Held up pretty well considering the Bitcoin shakeup.
Note
Can't post Kucoin coins on TradingView because unsupported, but here's one that I think is amazingtwitter.com/UpsUpsAndDowns/status/955604538773397504
Trade closed: stop reached
I've stopped out of this trade because of direct price action not being bullish in an increasingly bearish market. If you're bullish on the fundamentals of this coin, I recommend you buy the dips if it drops to new lows.
This is more a reflection of my personal risk management strategy under the current market circumstances rather than a doom call, however.
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