Top 3 Privacy Coins Comparison and Analysis | Privacy Coins Future 2019

Anisa Batabyal
| 25 February, 2019 | 2 min

1.Monero (XMR/USD)-Bitfinex

Monero’s price has been surging over the last few days, having surged around 5% at the time of writing. XMR/USD(Bitfinex) surged almost 30+% from 7th February' 2019 up to 19th February' 2019. The price did manage to hit its local high point since 10th January. The privacy coins future is one of the strongest, with fungibility. Cryptographic experts acknowledge one of the best privacy coins 2019.

Let's look at the Daily(D) time frame chart of the pair:

Bullish Case:

It is testing the Ichimoku cloud and 200D-SMAs, if it manages to penetrate through Ichimoku cloud then next preliminary resistance level will be $55-56.99 with a final target around $70+ price level.

Preliminary support level is around $48-$46 to sustain the bullish momentum with the last line of defense around $41-

Bearish Case:

The bearish arguments for the pair are that it might correct downwards before breaking the Ichimoku cloud.

Also Stoch-RSI and MACD indicators are curving to bearish zones which might lead to a further down correction.

If the last line of defense around $41 price level doesn't hold then we might see a new yearly low below $38 price level.

2.DASH (DASH/USD)-Kraken

Dash coins are one of the best privacy coins which are likely digital cash and can be spent anywhere as recently Crypto Emporium, an online retailer, is started accepting DASH as a method of payment.

Let’s look at the Daily(D) time frame chart of the pair:

Bullish Case:

It has crossed the Ichimoku cloud and 200D-SMAs recently and entered the Ichimoku cloud on the Daily chart with preliminary resistance level around $87-95.It might get a healthy pullback to the preliminary support level around $75+ price to test target around $110+ price level. Breaking the major resistance will be strongly bullish for the asset.

Bearish Case:

The bearish arguments for the pair are that it might correct downwards before testing the major resistance as Stoch-RSI shows potential bearish divergence. Also, the MACD indicator is curving to bearish zones which might lead to a pullback. It needs to hold the $75 price level to support bullish momentum. If the last line of defense around $63 price level doesn't hold then it would be strongly bearish for the pair mid-term.

3.Zcash (ZEC/USD)-Bitfinex

Zcash pair is painting bullish structure for mid-term, although a near-term healthy pullback is possible.

Let’s look at the Daily(D) time frame chart of the pair:

Bullish Case:

Zcash/USD pair has surged 22+% since the start of the month and has tested preliminary resistance price level around $58+.Pair needs to see a healthy pullback to the preliminary support level around $51+ level before continuing bullish momentum. If it manages to break the resistance level around $70+ price level then it would test the major resistance $90+ level. Breaking this level would be strongly bullish for mid-term.

Bearish Case:

There are lots of resistance to testing before the confirmation of the strong bull momentum, which is the 200D-SMA and Ichimoku Cloud. Stoch-RSI and MACD indicator is curving to bearish zones which might lead to a further pullback. It needs to hold $50 price level to support bullish momentum. If the last line of defense around $46 price level doesn't hold then it would be strongly bearish for the pair mid-term.

Conclusion

If we do privacy coins comparison then all three pairs are trading at a critical juncture, with the pair’s short-term and mid-term outlook showing upside potential.

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