Today I have what I believe is a sleeper. Giving me a good risk/reward ratio.
We only need Bitfinex to open their gates.
Fundamental
First of, we are getting a good deal at this level.
Aventus raised 20 million in ICO (7 September) and is now sitting on a 24 million marketcap.
Considering the massive increase in the overal market since ICO, Aventus has underperformed big time.
Could it soon be time to see some gains on this coin? I think so.
It's a relatively new coin with a niche product. It's ICO lasted only 7 minutes, so it sounds to me that the appetite for Aventus's concept is high.
And very importantly, it's on Finex! Largest exchange we got (if you don't count Bitmex..)
The problem with Bitfinex right now is that they are not taking new sign ups. Much of the new money that wants to speculate aint able to get on the exchange.
So that's the reason I think for the poor performance lately on some finex coins. (Compared to the rest of market)
However, those gates can open whenever.
Aventus is a ticketing software which aims to make the world of ticketsales much easier and profitable.
If they will able to capture the ticketing-market with this, I dont really know.
Aventus is a sort of coin I dont know how long I'll hold. Will just keep following, watch the progress and decide my actions along the way.
The team looks aight though and I have some faith in the project.
Technical
So new coin, not very much to go on. But I have found some fibs and a target area for the time being.
Which would be between 12.6 USD and 13.5 USD.
Still looking like an uptrend and much room for growth.
And should I be wrong I think its unlikely to go down more than 2.5-3 USD. Providing a nice risk/reward ratio.
Will update idea along the way, as usual! :)
We only need Bitfinex to open their gates.
Fundamental
First of, we are getting a good deal at this level.
Aventus raised 20 million in ICO (7 September) and is now sitting on a 24 million marketcap.
Considering the massive increase in the overal market since ICO, Aventus has underperformed big time.
Could it soon be time to see some gains on this coin? I think so.
It's a relatively new coin with a niche product. It's ICO lasted only 7 minutes, so it sounds to me that the appetite for Aventus's concept is high.
And very importantly, it's on Finex! Largest exchange we got (if you don't count Bitmex..)
The problem with Bitfinex right now is that they are not taking new sign ups. Much of the new money that wants to speculate aint able to get on the exchange.
So that's the reason I think for the poor performance lately on some finex coins. (Compared to the rest of market)
However, those gates can open whenever.
Aventus is a ticketing software which aims to make the world of ticketsales much easier and profitable.
If they will able to capture the ticketing-market with this, I dont really know.
Aventus is a sort of coin I dont know how long I'll hold. Will just keep following, watch the progress and decide my actions along the way.
The team looks aight though and I have some faith in the project.
Technical
So new coin, not very much to go on. But I have found some fibs and a target area for the time being.
Which would be between 12.6 USD and 13.5 USD.
Still looking like an uptrend and much room for growth.
And should I be wrong I think its unlikely to go down more than 2.5-3 USD. Providing a nice risk/reward ratio.
Will update idea along the way, as usual! :)
Have not really been to much to write about or analyze though.
It has underperformed the market and that sucks, but I still think it will have its day (or 3). First place I would be looking to get out of this one is 7.162 USD, where my first fib is :)
Hodling on to this one for a little while longer.