Serban’s Crypto Picks: Coin updates

Solana $SOL – I recommended this one before the 50% pump this weekend; still a very good project and solid hold, though i would wait for a retrace from this ATH and get in on the dip

Frontier $FRONT – solid project with very low mcap (100mil) so a lot of potential to grow from here mid-term.

Litentry $LIT – good project, recently launched, is currently accumulating in a rather straight line; low mcap with potential to boom eventually; can expect a retrace around the 11$mark so an entry is recommended on the dip / if it breaks 11$ can buy then.

Terra Virtua Kolect $TVK – super cool project, riding the NFT wave since before it was so mainstream. They’ve already seen a higher ATH than current position and in the next 2 weeks I fully expect to break that ATH (about a 30% increase potentially). Either way, a great hold in any portfolio.

Uniswap $UNI – definitely a great hold as it has basically enabled the whole DeFi space. Currently postponed some important update so it’s a good buy only if  you can hold it for another 2 months or so. Expect it to reach the high $30s – low $40s once update goes live may/june.

COTI $COTI – great project, lots of hype around it, most crypto people hold a bag for the long run; currently under its ATH with potential to quickly get back up there, subject to overall market conditions of course

Origin Protocol $OGN – huge potential to be the leading project in the NFT movement. They understand the market, they adapt quickly, the team is amazing and the fundamentals are there. It’s in a bit of an aggressive leg up and I would normally wait for a dip but honestly with this project, the dip may never come. Risky entry here but still good if you want to hold it longer term.

Kusama $KSM – super expensive right now, it has gone parabolic for a while, but I just can’t NOT recommend it. It’s a sort of trial network for projects building onto Polkadot (another coin that would be irresponsible of me not to recommend). You just have to own some DOT and/or KSM. Can’t advise on good entries as KSM is in price discovery and DOT is just expensive (6th place in marketcap overall)

Elrond $eGLD – This is one of the projects that has impressed over the last year; the team is amazing, working tirelessly day and night, their plans are bold to say the least and they’ve been constantly delivering. Fundamentals are there and even though they’ve had a massive rally starting last year, we can still make some profits on it on their way to a new ATH.

My buy zone is between $134-$146; I’d set a tight stop loss around the $129-$130 level in case the current play doesn’t work out as we expect it to due to market conditions.

This is a long term hold for me, so I’m accumulating eGLD whenever possible, but if you’re in just for some profits, you can set a TP level around the $193-$195 level.

Litecoin $LTC – is looking like a good buy below the 200$ mark. Expecting it to go to about 270-290 $ where we would take profit. It comes on time with PayPal’s announcement that they’ll accept LTC for payments – If it doesn’t manage to break 220$ (bounces off) then we can take profits there and move to the next coin.

Fantom $FTM – Fantom has been accumulating for over a month since its ATH at $0.84. Now it’s finally breaking resistance and seems to be turning around for a rally; in the macro context Bitcoin dominance is decreasing vs. Alts which is generally a great sign and the right time for us to get into some top 100 coins backed by solid fundamentals.
Entry range for FTM is $0.41 – $0.44 with SL set to $0.36-$0.37. This month should be extremely profitable for altcoins now that BTC dominance is going down; that said, we expect FTM to reach $1.4 – $1.7 in April, which is going to be our TP level on this call. For those more risk averse, $0.75 – $0.85 should be safer, just before breaking previous ATH.

Alt Market Update: With BTC hitting an ATH and now settling, ETH usually follows with a rally, hitting an ATH now (and expecting it to keep going); what usually happens during Ethereum’s run is that altcoins are stagnating or going lower. Don’t panic, it’s normal, as investors prefer to keep their holdings in ETH, watching it and expecting it to go higher and higher. Once ETH also finds a stable range, investors will start moving their ETH gains into midcap projects, which is exactly what we’re trading these days. There may be some dips coming up on those projects so it’s a great time to dollar cost average and get more coins at a discount for those coins where we trust the fundamentals.

Theta $THETA – as explained in the latest Alt market update, we need to build our portfolio around the bigger market cap coins for now – they are the ones that will rally once people move their profits from ETH & BTC into the alts. That said, Theta is one coin with massive potential and already huge growth in the last months. I’m buying more of this between $11 – $11.7, setting a SL at $10.2 – $10.4 and looking to take profits around $22 – $24; for those more risk averse, $16 is a good place to take out your initial investment and leave your profits in for longer term. Theta is a fantastic project that is disrupting the video content delivery networks and already has huge backing from the likes of Samsung, Sony, Google and others.

Chainlink $LINK – Chainlink has had a great run for the last year, as it’s the go to oracle for other projects that are looking to bring outside world information into the blockchain. LINK is a top10 coin that’s hungry for more based on our Technical Analysis. Our entry levels are $31 – $32, setting a tight Stop/Loss at $26.5 – $27. We expect Chainlink to start a rally taking it all the  way to $62 – $73. You can take profits along the way wherever you’re comfortable above $45, if you don’t want to ride this into price discovery, therefore reducing risk.

$OCEAN – Ocean is tokenizing data so that everyone can trade datasets on the Ocean marketplace. It’s a good project, with solid management and team behind it, with a clear vision and top notch implementation. Its current marketcap below 1 billion does not do it justice, and we see this project rallying this year to go over $3 billion mcap.
Our ideal entry range is between $1.4 – $1.53, so are now just going back down into this buyzone. Ocean is testing an important resistance level around $1.6, so it will likely fluctuate within our buy range this week, which is where we stock up on this coin. Once we break that resistance, there should be nothing stopping it from going above its ATH at $1.7 and into price discovery.

We are looking to take some profits anywhere between $2.4 – $2.55. We’re holding a part for the long run and investing those profits into other coins. 

Kusama $KSM update – We recommended this project during its parabolic rally, without an entry suggestion, as it was in price discovery. Now that some early buyers have taken profits and the price is stabilizing, we can, based on TA, add a couple of buy zones which we can hopefully hit.

First buy zone is at $395 – $420, where we’re testing a previous resistance level that should now turn into support. If we go below $390, we should be able to buy more $KSM in the $315 – $350 range, dollar cost averaging our investment. Fundamentally this project is still a must have in any portfolio, so having the chance to buy some after its retrace is a great surprise and we should take advantage of it. We’re currently setting our buy alerts and keeping a close eye on the price action of Kusama as we don’t want to miss the chance to buy some at a good price.

We’re setting take-profit targets around $700 – $750 short term, but should the bull run keep raging on, we’re seeing $KSM go to $1,100 – $1,200 mid/long term.

Akropolis $AKRO – This is a low/mid cap trade with a lot of upside potential, as it seems to have reached a local bottom.The project is good but the team has a lot of work ahead to deliver on their promises; if they do, this can be a good long term hold, but for now we’ll just trade it  for a profit and see how it goes FA wise. Our entries would be $0.062 – $0.07 with first TP orders at $0.095 – $0.1. If you’re willing to hold this longer, another good range for taking profits will be $0.12 – $0.14. We would ideally just take out some profits at any of those 2 points and leave the rest in Akropolis in case this becomes a $1bn project, getting us plenty of profits longer term.

Update $AKRO – We’ll be leaving our AKRO trade on a small loss, because it broke the level of support we were looking at; we’ll buy back at a later stage, if it keeps bleeding to lower levels, because it’s still a project that can make us good profits. It’s important to follow those trades and accept that sometimes we’ll need to take minor losses, as the wins will massively outweigh the losses. Once we’re back to an entry level for AKRO we’ll let you know.

Cosmos $ATOM – This project has been accumulating for 2 month now and has just now broken the long-term resistance line which is exactly the moment we want to catch for a good trade; we expect this to come back down and retest this resistance line, therefore turning it into support for the next leg up. We’re watching this one closely and setting a buy order between $22 – $23.4 which would be an amazing entry before the rally that is likely to come.

Setting a SL between $18 – $19.5 because that would result in a lower low and therefore invalidating our trend for this play.

We’re looking for a target growth of 70% – 80% so set your TP orders according to your risk aversion here. 

Litecoin $LTC – Having bought LTC around the $200 mark we are now exiting this trade with at least a 50% profit depending on the moment you entered the trade. This is a high marketcap coin and we don’t expect much higher growth in the next few weeks, so we’ll take out our investment+profits and look for the next trade that can give us a good R/R.

Algorand $ALGO – We’ve been watching the market closely as it’s been very volatile following the sudden BTC crash from last weekend. Alt coins have, as usual, followed Bitcoin’s lead and had a retrace of around 15%-20% on average, with few exceptions. The first coin that we’re looking to buy to take advantage of this dip is Algorand which is a solid project that we can get on a bargain between $1.2  – $1.35. Even with this considerable market retracement over the last few days, ALGO has not broken its upward trend and as long as we stay above $1.1 (Stop Loss for this trade) we’re still confident in this coin. We’re planning to take profits first at $2.4 and then when we’re testing ALGO’s ATH close to $3.

Polygon ($MATIC) – We’re trying to stay ahead of the herd here and are looking to buy some $MATIC. Polygon is a Layer 2 protocol that promises to solve Ethereum’s scalability issues, which makes it a huge potential project. It already rallied in April and has now been going through an accumulation period. We are looking to buy between $0.76 – $0.79 with a tight stop/loss at $0.742. We believe people will be taking their ETH profits and moving them into other top50 coins, with Matic being a good candidate as it is directly connected to the Ethereum ecosystem. We would be taking profits just before  the psychological level of $1 (anywhere between $0.93 – $0.96). We’ll be keeping some $MATIC in our portfolio afterwards, as we expect this project to at least double in value over the next couple of months.

Pokadot ($DOT) – We’ll try to play this sideways market for a little quick profit plays, with tight stop losses and take-profit levels. First play we’ll attempt is Polkadot; even though it’s fundamentally a good coin to hold longer term, we’re for now only interested in the quick potential profit from this trade. Remember, always keep your investment separate from your trades: never trade your investment and never invest in your trades, those are two very different plays.

We’ll get into $DOT at $28 – $28.3, setting a take profit level at $34 and a stop loss level at $25.

Orion ($ORN) Staking Update – Orion is one of the projects we are very bullish on, with potential to become the go-to place for crypto traders, aggregating order books from both centralized and decentralized exchanges. They are now launching their Orion Pool where we will be able to stake (lock) our $ORN in order to earn more $ORN. This is rather simple and relatively risk free. For the more adventurous there’s also the option to stake ORN in liquidity pools alongside USDT, BUSD, BNB or ETH, but this creates the risk of impermanent loss (IL) – not for the risk averse average trader (read more about IL here: https://academy.binance.com/en/articles/impermanent-loss-explained). 

June 22nd is when the pools open and we’ll learn more of how it works and what the rewards are exactly. There will be no min/max limit to the amount of $ORN we can stake and also no limit to the locking period. We’ll get back to you with more once we stake our $ORN.

17.10.2021 UPDATES

Since the April-May $BTC crash the market has been unstable for the better part of the last 5 months; we’ve managed to close some quick profits on a few trades, but the market conditions have just not been good enough to risk too much liquidity. 

Some of our initial bets taken before April/May are paying off handsomely (like $SOL), while some others are lagging behind, though still with potential to make profits going forward.

We want to update you on the coins we’re still holding, coins we won’t be selling anytime soon (long-term holds), coins we consider selling to cut some losses and coins we look to be buying to hold in the near future (projects that have strong fundamentals and are likely to grow in the next 6-12 months).

$SOL – We bought SOLANA when it was just $20 and still believe this project is nowhere close to being done growing, even at $160 where it stands today. It’s just a strong project fundamentally that has gained a lot of traction in the last 3 months, especially with NFTs booming on their platform; adding to that, it’s also backed by FTX, one of the top 3 exchanges today so we can only be excited for where Solana is going as a project and, of course, as a token. Solana is currently #7 in the charts with a $50B market cap, so it’s no longer a “startup” coin. 

This was a 700% profit for anyone who bought when we first mentioned it – not unusual for crypto, but still rare. Solana is a long term hold for us, though we always recommend booking some profits on the way up. 

$EGLD – The Elrond token has almost doubled since we first announced it, though we think this one is only getting started. We’re watching the project and its founders closely and based on their plans, pace & implementation we believe this to become a top 10 project in the coming couple of years. Definitely a long-term hold project for us and an exciting one to watch as it unfolds.

$MATIC – Rebranded to Polygon recently, this project exploded in popularity as a cheaper to use alternative to Ethereum. Many projects that were originally built on top of ETH have bridged towards Polygon and/or Binance Smart Chain, making them usable by a larger audience, people who could not afford paying exorbitant gas fees on Ethereum. We’ve liked and followed Matic for a while now and are still excited to see where the project is moving, especially with the growing popularity of Ethereum alternatives in the past 3 months.

$COS – We bought this coin at $0.013 expecting its mainnet launch to drive the price up; we made the right bet, sitting today at $0.0238; this is an area where we’re comfortable booking the profits, so we’ll be moving up our SL at $0.022 and a TP at 0.04; worst case scenario we’re making 83% in profits on this one. It’s not fundamentally a long term hold so we’re playing this purely for the quick profits.

$COTI – The team has been hard at work delivering on their promise to bridge DeFi and TradFi, recently having launched the COTI bank account and Visa debit card. 

Even though it went down all the way to $0.1 after the crash, it’s a solid project with strong fundamentals and its bounce back to +$0.5 is proof of that, getting back into profit range for us. We’re still holding on to this one long term as we believe in its potential.

$UNI – This is a long-term hold project, as the main DEX on Ethereum and still with lots of potential to grow in value; Uniswap basically enabled the whole DeFi boom and continues to add new projects for people to trade everyday. We’re still holding this one for the foreseeable future, as we expect this to grow especially with ETH fixing its scalability issues over time.

$LINK – Chainlink is the most important blockchain oracle in crypto, basically allowing real world data to flow into cryptocurrency projects (and vice-versa), providing the backbone of most crypto movements (such as DeFi). It’s a project that we want to hold going forward, as it’s indispensable to the functioning of the majority of crypto projects. 

$KSM – Kusama is the little brother of Polkadot, serving as a testing sandbox for projects that want to launch on the exclusive DOT blockchain. We’ve bought $KSM right before the crash of April/May so we’re currently below entry prices, but we are still holding this token at least until it reaches $1,000. We believe the Polkadot ecosystem has a lot of potential, especially recently with the launch of its parachain auctions, so it’s a matter of time before our bet on those 2 tokens pays off.

$OCEAN – After 3 months of accumulation between May-August, Ocean seems to be waking up again, looking to get back into the $1.3-$1.5 initial buy range.

Once we go back past those levels entry we’ll set our SL there and look to exit this trade.

$OGN – The project has been moving forward slower than anticipated, which is also the reason it’s lagging behind compared to where we entered the trade; we still believe this has potential long-term but we’re revisiting this buy once it reaches $1.5 again. We want to see more action from the team, more NFT drops and more traffic moving through their platform in order to keep it on our long-term holding list. For the time being we’re not selling, but we are setting a SL at $0.65 to cut our losses in case the market goes south again.

$ORN – We’re still huge fans of Orion protocol and, as expected, it’s taking a long time for the team to build their ambitious project. The team is hard at work, pushing regular updates to its investors and community, building the future of crypto trading via the ORN exchange aggregator. We’re still holding and staking our $ORN and looking for it to reach at least $50 in the coming 6 months.

$LIT – We still believe in Litentry, especially since they just applied for a parachain slot on Polkadot – this is make or break for us, so we’re setting a SL at $3.8, as going below this level means we’re better off just cutting our losses. If they manage to win the auction on the Polkadot network, then we’re certainly holding the token longer and following it closely, hopefully to new highs.

$FRONT – We’re very excited about Frontier and it’s new Frotier 2.0 launch. This is a cross-chain project that has potential to bring DeFi to the masses via an easy to use, intuitive mobile app that will link 14 different blockchains and their DeFi revenue streams. This is an easy long-term hold for us and with its below $100M marketcap we believe there’s huge potential for growth.
$TVK – just like Origin, Terra Virtua has been moving slower than anticipated, so we’ll be setting our SL level at $0.173. It’s a low mcap (below $100M) so there’s always the potential for it to grow, we’ll be watching it closely if it goes back up to $0.5 and reevaluate our entry over there. For the time being, going back to $0.17 territory will prove to be too much of an exposure for us and we’ll cut our losses there.