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Altcoins on 23th November 2021 — ICON (ICX) down, Amp (AMP) up!

Tue 23 Nov 2021 ▪ 11h11 ▪ 3 min read — by Felix Meyer

Today is Tuesday, 23th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!

Fear and Greed Index

Fear reigns in the market again! This seems to be just the best time to make purchases. Bitcoin (BTC) is still weak, pursued by a plethora of alternative digital assets with quite remarkable trends in the long term.

Cryptos are perilously close to the extreme fear area. It’s now worth keeping a close eye on the market, since a further drop towards extreme fear implies a high probability of avalanche-like sales and, consequently, rough drops in both Bitcoin and other cryptocurrencies. At the moment, BTC has almost lost all the growth it gained since the beginning of the day, once again proving its current weakness. There is a high probability of a new dump along with falling below $50,000.

TOP 10 altcoins

The top ten alternative cryptos haven’t seemingly reached any agreement on how to respond to Bitcoin’s collapse. However, the altcoins are falling quite amicably and are probably preparing to dive even deeper to the very bottom.

The only effective way to trade under such circumstances is to buy coins on a drawdown, followed by optional additional purchases, provided the asset reaches one bottom after another. Take advantage of the opportunity to replenish your portfolio and make a profit from it in the future.

Amp (AMP)

Amp becomes the gainer of the day with a profit of over 35%. However, going by the graph, initially the surge reached about 60%-70%.

ICON (ICX)

With a loss of nearly 10%, ICON becomes the loser of the day. 

Nonetheless, comparing gainers and losers, we don’t aim to show you the worst and the best assets, but to point to a coin that has already fallen, and therefore may be suitable for investment.

Don’t forget about stop-losses, and don’t neglect risk management. Especially when we are all approaching a rapid and quite severe downturn.

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Felix Meyer avatar
Felix Meyer

Le trading et l'analyse technique sont mes spécialités depuis 4 ans. Je décortique le marché et vous partage mon expertise.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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