According to our Technical analysts, CAKE, BEL, and others are some of the best crypto to buy in December 2021. You can also earn Free Crypto by investing in them. How? Let’s find out.
November was not a good month, definitely not for bulls. They are wounded and trying their very best to get back up. However, seeing the present market scenarios, it is difficult to predict where bitcoin is headed next.
Apart from this, the Bitcoin crash of 26–11–2021 was primarily due to the new variant of COVID-19 and almost all of the global markets bleeding. However, the below chart from Santiment also shows another picture. For the first time in over six months, Thanksgiving, or the day before Black Friday, saw new 200K BTC in circulation. A huge sell-off from miners brought us here? Maybe.
Although there’s a strategy that never gets too old when owning your assets in an anti-fragile manner has the better part of it; it’s called “buy the dip.” Now, if you’re confused on what to buy during this dip, well, bitcoin for sure, mate, but also do click here.
What? You don’t believe in buying the dip? Well, at least Nayeb Bukele does; El Salvador bought 100 BTC yesterday (26–11–2021). And it’s not just them!
According to data from Glassnode, guess who else bought the dip?
Anyways, let’s move on to figure out what alternate cryptocurrencies you can buy in December 2021.
Table of Contents
CAKE/ USDT Market Analysis
As we can see in the chart below, CAKE is making a bullish harmonic pattern. Further, since the price fell significantly in yesterday’s COVID Pt. 2 crash (yeah, I’m calling it that), it is in a good accumulation zone. Further, it is also at crucial trendline support, and the price has retraced as well. Therefore, it is fairly estimated that CAKE might come out to be an excellent opportunity to gain returns in December.
CELR/ USDT Market Analysis
As we can see in the chart below, CELR is currently in a consolidation phase. Therefore, after a good bullish rally, we are observing momentum in the price action. Hence, we can expect the price to go higher and CELR to perform much better in December.
BEL/ USDT Market Analysis
The market is currently giving respect to the most robust trendline support. Further, it is in an oversold region now. By observing its previous price action, we have seen an excellent upward move from the marked below the trendline. Therefore, BEL can turn out to be one of the best cryptocurrencies to buy in December 2021.
SUSHI/ USDT Market Analysis
Wait, we just saw a similar pattern above in the article. Was it CAKE? Yes! SUSHI is as well at the potential reversal zone of harmonic pattern. Further, it is trading in the demand zone. Therefore, we can expect an excellent bullish rally in December.
KNC/ USDT Market Analysis
The price is consolidating in an ascending triangle and building up momentum to breakout. We can expect an upward trend in it. Please keep your eyes on it. In case it breaks out, there’ll be an excellent opportunity to enter the market.
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio. Also, the article contains affiliate links, and on clicking them, we might earn a commission.