The entire market has been green over the last few days. But traders are still wondering which altcoins to hold and which to eliminate from their portfolio.
Understanding that, Cheeky Crypto, a Youtube Channel that focuses on cryptocurrency, has highlighted the top 4 altcoins that are ready to pump and worth buying in April 2022.
The first project ready to pump in the near future is Anchor (ANCT). Anchor aims to offer token users long-term price stability, preservation of purchasing power, and protection against inflation while hedging against daily market volatility.
We have way three highs back in April of 2021, all down into this fourth wave low. We rallied up, getting us double top, and it’s a little bit shorter than that. But we were expecting to come down and towards about $0.047. This was the previous low we actually went down here on the 24th of February.
Anchor down around these low points of $0.6 to $0.7, and fortunately, many people may have been looking at that, and that’s a good opportunity. The risks are pretty high in terms of what is going on here. This altcoin is expected to have a small push to the upside in the shorter time frames.
ANCT Chart | Source: Youtube
The second altcoin ready to pump is COTI (COTI). COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions and digitize any currency to save time and money.
The chart of COTI is making it more of a running flat correction than an expanding flat correction. So it’s similar to what we were talking about previously. And a big wave down from A to B comes up, and then A to C is wave down the part way but not lower than the C wave. That would complete the entire thing, and then we look for a move to the upside afterward. So there’ll be an opportunity to accumulate.
We need to see the formations of the waves and the areas of resistance or support, and there is a lot of buying activity at this previous level. So we can expect that this will be an area that we’ll really look back to about $0.275 and as an area that we might want to think about.
COTI Chart | Source: Youtube
The next altcoin on the list is Holo (HOT). Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
This will take a bit longer to try, but we should focus on the correction and what comes after this correction rather than focusing on the bigger trends, obviously from March 2020.
We focus on getting that little extra before we have a pullback down into the fourth wave correction to finish the fifth wave, and then we’ll talk about deeper corrections afterward.
HOT Chart | Source: Youtube
The last one mentioned on the list is Stella (XLM). Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterward, its priorities shifted to helping financial firms connect with one another through blockchain technology.
We’ve gone lowering our stochastic RSI on the hourly chart. The four-hour chart still has room to grow, so we might actually go higher than $0.245. But the main point is that it’s impulsive on the daily chart. The eight-hour chart is already correcting nicely. So that could reverse around and do a U-turn. We are in a good place to see XLM hit the impulsive trigger to the upside there.